Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 789

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 789
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990   6,044 
 Noninterest income:         
 Gain on sale of mortgage loans   1,245   32 
 Loss on sale of securities   —   (1,794)
 Rental income on office building   64   64 
 Service charges on deposits   256   270 
 Increase in cash surrender value of BOLI   220   192 
 Other   156   86 
 Total noninterest income   1,941   (1,150)
 Noninterest expense:         
 Salaries and employee benefits   5,939   4,554 
 Equipment and occupancy   782   739 
 Data processing   884   684 
 Professional services   513   601 
 Advertising   286   104 
 Supervisory fees and assessments   142   140 
 Loan expenses   212   117 
 Deposit expenses   239   217 
 Director fees   215   216 
 Other   508   480 
 Total noninterest expense   9,720   7,852 
 Loss before income taxes   (789)  (2,958)
 Income tax expense   —   999 
 Net loss  $(789) $(3,957)
 Basic and diluted loss per share   (0.16)  (0.79)
 Weighted average shares outstanding   4,911,461   5,004,498 

See accompanying notes to consolidated financial statements 

      49

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Comprehensive Income 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Net loss  $(789) $(3,957)
 Unrealized net holding (loss) gain on securities         
 Unrealized net holding (loss) gain on securities arising during period, net of realized loss on sales of $0 and $1,794,000, in the years ended December 31, 2024 and 2023, respectively   (535)  4,058 
 Tax effect   152   (1,156)
 Other comprehensive (loss) income, net of taxes   (383)  2,902 
 Comprehensive loss  $(1,172) $(1,055)

See accompanying notes to