Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 936

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 7A
Chunk 936
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 as a reduction of stockholders’ equity in the Consolidated Balance Sheets. Treasury stock issued is valued based on the “last in, first out” inventory method. The difference between the consideration received upon issuance and the carrying value is charged or credited to additional paid-in capital.
    Earnings per Share
    Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Unallocated ESOP shares are not deemed outstanding for earnings per share calculations. ESOP shares committed to be released are considered to be outstanding for purposes of the earnings per share computation. ESOP shares that have not been legally released, but that relate to employee services rendered during an accounting period (interim or annual) ending before the related debt service payment is made, are considered committed to be released. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.

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   Note 2: Securities 
    
   The amortized cost and estimated fair value of debt securities at  December 31, 2024 and 2023, by contractual maturity, are shown below. Maturities  may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities  may be called or repaid without any penalties, therefore, these securities have been included in 1 to 5 years based on average remaining life.

     December 31, 2024   U.S. government agency obligations    Municipal obligations    Mortgage-backed residential obligations    Collateralized mortgage obligations    Total available-for-sale  
   (Dollars in thousands)  
 1 year or less  $1,000  $—  $—  $—  $1,000 
 1 to 5 years   3,047   1,452   8,971   15,086   28,556 
 5 to 10 years   4,610   2,401   15,794   7,786   30,591 
 After 10 years   —   7,883   1,150   2,069   11,102 
 Fair value  $8,657  $11,736  $25,915  $24,941  $71,249 
 Gross unreal