Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 46

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 46
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 authorized; 5,247,826 shares outstanding at March 31, 2025 and 5,249,826 shares at December 31, 2024)   56   56 
 Treasury Stock, at cost (352,033 shares at March 31, 2025 and December 31, 2024)   (3,240)  (3,240)
 Additional paid-in capital   51,852   51,684 
 Retained earnings   39,938   40,266 
 Unallocated common shares held by ESOP   (3,617)  (3,670)
 Accumulated other comprehensive loss, net   (7,527)  (8,606)
 Total stockholders' equity   77,462   76,490 
 Total liabilities and stockholders' equity  $282,700  $278,688 

See accompanying notes to consolidated unaudited financial statements

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NSTS BANCORP, INC.

Consolidated Statements of Operations (unaudited)

      For the three months ended  
   March 31,  
   2025    2024  
   (Dollars in thousands)  
 Interest income:         
 Loans, including fees  $1,800  $1,475 
 Securities         
 Taxable   355   418 
 Tax-exempt   60   63 
 Federal funds sold and other   508   417 
 Time deposits with other financial institutions   18   23 
 FHLB Stock   9   9 
 Total interest income   2,750   2,405 
 Interest expense:         
 Deposits   859   640 
 Other borrowings   60   60 
 Total interest expense   919   700 
 Net interest income   1,831   1,705 
 Reversal of provision for credit losses   (37)  (1)
 Net interest income after reversal of provision for credit losses   1,868   1,706 
 Noninterest income:         
 Gain on sale of mortgage loans   189   156 
 Rental income on office building   16   16 
 Service charges on deposits   59   61 
 Increase in cash surrender value of BOLI   56   53