Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 978

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 8
Chunk 978
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   76,490   77,545 
 Total liabilities and stockholders' equity  $278,688  $256,776 

See accompanying notes to consolidated financial statements

      48

      NSTS BANCORP, INC. AND SUBSIDIARIES 

      Consolidated Statements of Operations 

      Year ended December 31,  
   2024    2023  
  (Dollars in thousands) 
 Interest income:         
 Loans, including fees  $6,785  $4,360 
 Securities         
 Taxable   1,539   2,506 
 Tax-exempt   244   396 
 Federal funds sold and other   1,613   348 
 Time deposits with other financial institutions   85   94 
 FHLB stock   38   24 
 Total interest income   10,304   7,728 
 Interest expense:         
 Deposits   3,000   1,336 
 Other borrowings   243   172 
 Total interest expense   3,243   1,508 
 Net interest income   7,061   6,220 
 Provision for credit losses   71   176 
 Net interest income after provision for credit losses   6,990   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