Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 43

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 43
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 as of September 30, 2025 the portfolio remains of high quality with limited credit concerns.

Deposits. Total deposits decreased $4.1 million to $186.1 million at September 30, 2025 compared to $190.2 million at December 31, 2024. The decrease was primarily driven by a reduction in balances held in savings and money market accounts, some of which shifted into Time Deposits. The Bank had a large estate, totaling $1.7 million, pay out during the year. Management continues to actively monitor the deposit balances and interest rates offered to maintain an adequate level of liquidity.

Total Equity. Total equity increased $2.4 million to $78.9 million at September 30, 2025. The increase is primarily due to a decrease in the unrealized loss position on the securities available-for-sale portfolio during the nine months ended September 30, 2025, partially offset by net losses of $521,000.

       34

Asset Quality

The following table sets forth certain information with respect to our nonperforming assets. The increase in non-accrual loans from December 31, 2024 to September 30, 2025 was the result of two loans moving to non-accrual during the period. 

      At September 30, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Nonaccrual loans 
      
     $
     285

     $
     —

      Loans 90+ days past due and accruing 

     —

     —

      Total non-performing loans 

     285

     —

      Other real estate owned, net 

     —

     —

      Total non-performing assets 
      
     $
     285

     $
     —

      Asset Quality Ratios: (1) 

      Non-accrual loans as a percent of total loans outstanding 

     0.21
     %

     —
     %

      Non-performing assets as a percent of total assets 

     0.11
     %

     —
     %

      Allowance for credit losses on loans as a percent of total loans outstanding 

     0.94
     %

     0.92
     %

      Allowance for credit losses on loans as a percent of non-performing loans(2) 

     442.11
     %

     —
     %

      Net charge