Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 97

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 97
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 ACL remained steady, the ACL as a percentage of the loans, net of unearned income decreased, driven by a reduction in peer group proxy rates. As of June 30, 2025, there were two loans individually assessed, of which neither had expected credit losses identified. The Bank actively monitors the loan portfolio for signs of weakening credit quality, noting as of June 30, 2025 the portfolio remains of high quality with limited credit concerns.

Deposits. Total deposits increased $2.8 million to $193.0 million at June 30, 2025 compared to $190.2 million at December 31, 2024. The increase primarily came in Time Deposits with customers entering the CD Special offered during the six months ended June 30, 2025. Additionally, there was a shift in funds from money market accounts to savings. Management continues to actively monitor the deposit balances and interest rates offered to maintain an adequate level of liquidity.

Total Equity. Total equity increased $1.3 million to $77.8 million at June 30, 2025. The increase is primarily due to a decrease in the unrealized loss position on the securities available-for-sale portfolio during the six months ended June 30, 2025, partially offset by net losses of $586,000.

       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 June 30, 2025 was the result of two loans moving to non-accrual during the period. 

      At June 30, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Nonaccrual loans 
      
     $
     287

     $
     —

      Loans 90+ days past due and accruing 

     —

     —

      Total non-performing loans 

     287

     —

      Other real estate owned, net 

     —

     —

      Total non-performing assets 
      
     $
     287

     $
     —

      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 

     0.10
     %

     —
     %