Company: NSTS
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026943
Chunk: 45

Company: NSTS Bancorp, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 45
---
 thousands) 

      Unused line of credit 
      
     $
     11,154

     $
     704

     $
     442

     $
     539

     $
     9,469

      Commitments to originate loans 

     2,192

     2,192

     —

     —

     —

      Total commitments 
      
     $
     13,346

     $
     2,896

     $
     442

     $
     539

     $
     9,469

Cash Obligations. The following table summarizes our cash obligations at June 30, 2025.

      Total at 

      Payments Due By Period 

      June 30, 2025 

      To 1 Year 

      1-3 Years 

      4-5 Years 

      After 5 Years 

      (Dollars in thousands) 

      Time deposits 
      
     $
     94,864

     $
     69,570

     $
     15,688

     $
     9,606

     $
     —

      Total contractual obligations 
      
     $
     94,864

     $
     69,570

     $
     15,688

     $
     9,606

     $
     —

       36

Impact of Inflation and Changing Prices

The consolidated financial statements and the accompanying notes presented elsewhere in this document have been prepared in accordance with U.S. GAAP, which generally requires the measurement of financial position and operating results in terms of historical dollars without considering the change in the relative purchasing power of money over time and due to inflation. Unlike most industrial companies, virtually all of our assets and liabilities are monetary in nature. As a result, interest rates have a greater impact on our performance than inflation. Interest rates do not necessarily move in the same direction or to the same extent as the prices of goods and services.

Changes in Accounting Principles

On December 14, 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. The amendments require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation, and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income (or loss) by the