Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 95

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 95
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 the basis of this evaluation, as of June 30, 2025, management maintained the full valuation allowance against the federal net operating losses and net deferred tax assets to recognize only the portion of the deferred tax asset that is more likely than not to be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted.

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COMPARISON OF FINANCIAL CONDITION AT June 30, 2025 and December 31, 2024

      At June 30, 

      At December 31, 

      2025 

      2024 

      (Dollars in thousands) 

      Selected Consolidated Financial Condition Data: 

      Cash and cash equivalents 
      
     $
     47,488

     $
     53,481

      Securities available for sale 

     69,588

     71,249

      FHLB stock 

     605

     585

      Loans held for sale 

     4,429

     1,218

      Loans, net 

     132,835

     130,356

      Total assets 

     275,976

     278,688

      Total deposits 

     192,960

     190,156

      Total equity 
      
     $
     77,833

     $
     76,490

Total Assets. Total assets decreased $2.7 million to $276.0 as of June 30, 2025 compared to $278.7 million at December 31, 2024. The decrease was driven by a reduction in cash and cash equivalents due to the paydown of the FHLB Advance during June 2025.

Cash and cash equivalents. Cash and cash equivalents decreased $6.0 million to $47.5 million as of June 30, 2025, from $53.5 million at December 31, 2024. The decrease was driven by the paydown of the FHLB Advance in June 2025 of $5.0 million. Currently, the Bank holds a majority of the cash on hand at the Federal Reserve Bank of Chicago, earning 4.40%, to keep the funds available for increasing loan demand. Management continues to actively monitor our liquidity position on a daily basis and maintain levels of liquid assets deemed adequate.

Securities Available for Sale. Securities available-for-sale decreased to $69.6 million as of June 30,