Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 5

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 5
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7,516   748 
 Municipal obligations   —   —   11,930   2,056   11,930   2,056 
 Mortgage-backed residential obligations   —   —   24,529   3,185   24,529   3,185 
 Collateralized mortgage obligations   2,613   22   24,896   2,692   27,509   2,714 
 Total  $7,114  $25  $68,871  $8,681  $75,985  $8,706 
 December 31, 2024                         
 U.S. government agency obligations  $—  $—  $8,657  $1,062  $8,657  $1,062 
 Municipal obligations   467   28   11,269   2,339   11,736   2,367 
 Mortgage-backed residential obligations   —   —   25,915   4,766   25,915   4,766 
 Collateralized mortgage obligations   —   —   24,941   3,842   24,941   3,842 
 Total  $467  $28  $70,782  $12,009  $71,249  $12,037 

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   At  September 30, 2025 and  December 31, 2024, many of the investment securities were in unrealized loss positions. There were no securities with identified credit losses at  September 30, 2025 and  December 31, 2024, respectively. Unrealized losses have not been recognized into income because, based on management's evaluation, the decline in fair value is largely due to increased market rates, temporary market conditions and trading spreads, and, as such, are considered to be temporary by the Bank. In addition, management has the intent and ability to hold the securities until they mature or they recover their carrying values. 
    
   All U.S. government agency obligations, mortgage-based residential obligations and collateralized mortgage obligations are agency-issued or government-sponsored enterprise issued. Agency-issued securities are generally guaranteed by a U.S. government agency, such as the Government National Mortgage Association