Company: NSTS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001437749-25-009831
Chunk: 565

Company: NSTS Bancorp, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1C
Chunk 565
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(109)  —   —   —   —   (109)
 Reissuance of treasury stock for options exercised   23,000   —   220   (5)  —   —   —   215 
 Compensation cost for stock options and restricted stock   —   —   —   767   —   —   —   767 
 Issuance of common shares for the restricted stock plan   16,700   —   —   —   —   —   —   — 
 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)