Company: NSTS
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001437749-25-034806
Chunk: 91

Company: NSTS Bancorp, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Item 1
Chunk 91
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 2025, we sold 176 loans totaling $57.3 million for a gain on sale of $1.1 million. During the nine months ended September 30, 2024, we sold 125 loans totaling $33.3 million for a gain on sale of $695,000. 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 September 30, 

      Nine months ended September 30, 

      Noninterest expense: 
      
      2025 

      2024 

      2025 

      2024 

      (Dollars in thousands) 

      Salaries and employee benefits 
      
     $
     1,565

     $
     1,483

     $
     4,740

     $
     4,325

      Equipment and occupancy 

     209

     190

     643

     602

      Data processing 

     243

     212

     698

     624

      Professional services 

     98

     115

     414

     398

      Advertising 

     32

     60

     113

     235

      Supervisory fees and assessments 

     38

     36

     118

     107

      Loan expenses 

     68

     53

     239

     148

      Deposit expenses 

     62

     63

     237

     175

      Director fees 

     56

     56

     155

     160

      Other 

     124

     136

     412

     386

      Total noninterest expense 
      
     $
     2,495

     $
     2,404

     $
     7,769

     $
     7,160

Noninterest expenses increased $91,000 for the quarter ended September 30, 2025, compared to the quarter ended September 30, 2024. The increase in noninterest expenses was primarily driven by increases in salaries and employee benefits and data processing related expenses. The increase in noninterest expenses was partially offset by a reduction in advertising expenses. The average number of employees increased to 50 for the quarter ended September 30,