Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 981

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 981
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   —   —   —   —   —   — 
 Change in net unrealized gain on securities available for sale, net   —   —   —   —   —   (383)  —   (383)
 Balance at December 31, 2024   5,249,826  $56  $(3,240) $51,684  $40,266  $(8,606) $(3,670) $76,490 

See accompanying notes to consolidated financial statements 

      51

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Cash Flows 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Cash flows from operating activities:         
 Net loss  $(789) $(3,957)
 Adjustments to reconcile net loss to net cash provided by operating activities:         
 Depreciation   293   266 
 Securities amortization and accretion, net   515   538 
 Loans originated for sale   (45,583)  (3,738)
 Proceeds from sales of loans held for sale   54,374   3,390 
 Gain on sale of mortgage loans   (1,245)  (32)
 Loss on sale of securities   —   1,794 
 Provision for credit losses   71   176 
 Earnings on bank owned life insurance   (220)  (192)
 ESOP expense   214   199 
 Stock based compensation expense   767   519 
 Change in deferred income taxes   (152)  990 
 Net change in accrued interest receivable and other assets   (46)  165 
 Net change in accrued expenses and other liabilities   1,234   313 
 Net cash provided by operating activities   9,433   431 
 Cash flows from investing activities:         
 Net change in portfolio loans   (18,142)  (17,816)
 Principal repayments on mortgage-backed securities   5,536   8,207 
 Maturities and calls of securities available for sale   4,300   4,080 
 Sales of securities available for sale   —