Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 16

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 16
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 at or for the dates indicated:

       For the three months ended  
   March 31,  
   2025    2024  
   (Dollars in thousands)  
 FHLB of Chicago advances and other borrowings:         
 Average balance outstanding  $5,000  $5,000 
 Maximum amount outstanding at any month-end during the period   5,000   5,000 
 Average interest rate during the period   4.8%  4.8%

       March 31, 2025    December 31, 2024  
   (Dollars in thousands)  
 Balance outstanding at end of period   5,000   5,000 
 Weighted average interest rate at end of period   4.8%  4.8%

   The eligible borrowings are collateralized by $105.1 million and $103.8 million of first mortgage loans under a blanket lien arrangement at  March 31, 2025 and  December 31, 2024, respectively.
    
   The following table shows the outstanding advances, additional borrowing capacity and total borrowing capacity from the FHLB Chicago at the dates presented. 

       March 31, 2025    December 31, 2024  
   (Dollars in thousands)  
 Outstanding advances  $5,000  $5,000 
 Additional borrowing capacity   74,079   73,094 
 Total borrowing capacity  $79,079  $78,094 

   Additionally, at  March 31, 2025 and  December 31, 2024, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn at  March 31, 2025 and  December 31, 2024. 

       16

   Note 6: Fair Value Measurements
    
   Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that  may be used to measure fair value:
    
    Level 1  Quoted prices in active markets for identical assets or liabilities 

    Level