Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 93

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 93
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 The increase in gain on sale of mortgages was primarily the result of an overall increase in total mortgage loans originated during the periods. During the quarter ended June 30, 2025, we sold 102 loans totaling $28.0 million for a gain on sale of $507,000. During the quarter ended June 30, 2024, we sold 46 loans totaling $13.2 million for a gain on sale of $271,000. During the six months ended June 30, 2025, we sold 135 loans totaling $37.9 million for a gain on sale of $696,000. During the six months ended June 30, 2024, we sold 72 loans totaling $19.5 million for a gain on sale of $427,000. Management continues to look for opportunities and markets to sell loans as we continue to see increased loan production compared to prior years.

Noninterest Expense. The following table shows the components of noninterest expense for the periods presented.

      Three months ended June 30, 

      Six months ended June 30, 

      Noninterest expense: 
      
      2025 

      2024 

      2025 

      2024 

      (Dollars in thousands) 

      Salaries and employee benefits 
      
     $
     1,642

     $
     1,468

     $
     3,175

     $
     2,842

      Equipment and occupancy 

     210

     198

     434

     412

      Data processing 

     233

     217

     455

     412

      Professional services 

     180

     172

     316

     283

      Advertising 

     39

     91

     81

     175

      Supervisory fees and assessments 

     42

     35

     80

     71

      Loan expenses 

     79

     65

     171

     95

      Deposit expenses 

     107

     58

     175

     112

      Director fees 

     51

     56

     99

     104

      Other 

     161

     132

     288

     250

      Total noninterest expense 
      
     $
     2,744

     $
     2,492

     $