Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 16

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 16
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 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 six months ended  June 30, 2025 and 2024.

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   Note 4: Deposits
    
   As of  June 30, 2025 the scheduled maturities of time deposits are as follows:

     For the 12 months ended     
 June 30,   Amount  
   (Dollars in thousands)  
 2026  $69,570 
 2027   8,937 
 2028   6,751 
 2029   6,008 
 2030 and beyond   3,598 
 Total  $94,864 

   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  June 30, 2025 and  December 31, 2024, total deposits held by directors and officers of the Company and the Bank were $1.5 million and $1.1 million, respectively.

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   Note 5: Other Borrowings
    
   There were no additional borrowings made during the six months ended  June 30, 2025 and 2024. In  June 2025, the Company repaid the $5.0 million advance from FHLB Chicago. There was no outstanding borrowed funds at  June 30, 2025. 
    
   The following table shows certain information regarding our borrowings at or for the dates indicated:

       For the three months ended    For the six months ended  
   June 30,    June 30,  
   2025    2024    2025    2024  
   (Dollars in thousands)          
 FHLB of Chicago advances and other borrowings:                 
 Average balance outstanding  $4,396  $5,000