Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 22

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 8
Chunk 22
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 threshold, and will not be required to calculate and report risk-based capital ratios. The Bank elected to begin using CBLR for the first quarter of 2020. Management believes, as of  September 30, 2025, that the Bank met all capital adequacy requirements to which it was subject.

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   The Bank’s actual capital amounts and ratios as of  September 30, 2025 and  December 31, 2024, are presented below:

               Minimum Required to be  
   Actual    Well-Capitalized (1)  
   Amount    Ratio    Amount    Ratio  
 As of September 30, 2025   (Dollars in thousands)  
 Tier 1 capital (to Average Assets)  $65,679   24.11% $24,517   >9% 
 As of December 31, 2024                 
 Tier 1 capital (to Average Assets)  $64,634   23.53% $24,722   >9% 

   (1) As defined by regulatory agencies. Failure to exceed the leverage ratio thresholds required under CBLR in the future, subject to any applicable grace period, would require the Bank to return to the risk-based capital ratio thresholds previously utilized under the fully phased-in Basel III Capital Rules to determine capital adequacy.

   Note 9: Commitments and Contingencies
    
   In the ordinary course of business, the Bank has various commitments and contingent liabilities that are not reflected in the accompanying financial statements. In the opinion of management, the ultimate disposition of these matters is not expected to have a material adverse effect on the financial position of the Bank.
    
   Financial Instruments
    
   The Bank does not engage in the use of interest rate swaps or futures, forwards or option contracts.
    
   At  September 30, 2025 and  December 31, 2024, unused lines of credit and outstanding commitments to originate loans were as follows:

       September 30, 2025    December 31, 2024  
   (Dollars in thousands)  
 Unused line of credit  $10,090  $8,950 
 Commitments to originate loans   1,934   1,109 
 Total commitments  $12,024  $10,059 

   Concentr