Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 15

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 15
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 —   —   — 
 Construction   —   —   —   —   —   — 
 Consumer loans   —   —   —   —   —   — 
 Total loans  $263  $263  $—  $—  $200  $200 

   The Bank  may modify loans to borrowers experiencing financial difficulty by providing modifications to repayment terms; more specifically, modifications to loan interest rates. Management performs an analysis at the time of loan modification. Any reserve required is recorded through a provision to the allowance for credit losses on loans. There were no modifications on loans to borrowers experiencing financial difficulty during the three months ended  March 31, 2025 and 2024.

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   Note 4: Deposits
    
   As of  March 31, 2025 the scheduled maturities of time deposits are as follows:

     For the 12 months ended     
 March 31,   Amount  
   (Dollars in thousands)  
 2026  $65,200 
 2027   9,956 
 2028   6,553 
 2029   5,003 
 2030 and beyond   4,981 
 Total  $91,693 

   In the normal course of business, deposit accounts are held by directors and executive officers of the Company and the Bank (related parties). The terms for these accounts, including interest rates, fees, and other attributes, are similar to those prevailing for comparable transactions with other customers and do not involve more than the normal level of risk associated with deposit accounts. At  March 31, 2025 and  December 31, 2024, total deposits held by directors and officers of the Company and the Bank were $869,000 and $1.1 million, respectively.

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   Note 5: Other Borrowings
    
   There were no additional borrowings made during the three months ended  March 31, 2025 and  March 31, 2024. In  June 2023, the Company borrowed $5.0 million from the FHLB Chicago at a rate of 4.78% for 24 months, payable on  June 20, 2025.
    
   The following table shows certain information regarding our borrowings