Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 57

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 57
---
 Custodial escrow balances maintained in connection with the loans serviced were $446,000 and $236,000 at  March 31, 2025 and  December 31, 2024, respectively. 
    
   The accrued interest receivable for loans, net, was $548,000 and $560,000 for  March 31, 2025 and  December 31, 2024, respectively
    
   In the normal course of business, loans are made by the Bank to directors and officers of the Company and the Bank (related parties). The terms of these loans, including interest rate and collateral, are similar to those prevailing for comparable transactions with other customers and do not involve more than a normal risk of collectability. At  March 31, 2025 and  December 31, 2024, such borrowers were indebted to the Bank in the aggregate amount of $580,000 and $587,000, respectively.

       9

   The following tables present the activity in the allowance for credit losses ("ACL") for the three months ended  March 31, 2025 and 2024:

       March 31, 2025  
   1-4 family                      
   residential    Multi-family    Commercial    Construction    Consumer    Total  
   (Dollars in thousands)  
 Three months ended                         
 Beginning balance  $1,056  $37  $41  $65  $2  $1,201 
 Charge-offs   —   —   —   —   —   — 
 Recoveries   —   —   —   —   —   — 
 Net recoveries (charge-offs)   —   —   —   —   —   — 
 Release of provision for credit losses   (22)  —   (3)  (20)  —    (45 )
 Ending balance  $1,034  $37  $38  $45  $2  $1,156 

       March 31, 2024  
   1-4 family                      
   residential    Multi-family    Commercial    Construction    Consumer    Total  
   (Doll