Company: NSTS
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001437749-25-016849
Chunk: 66

Company: NSTS Bancorp, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 66
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.1 million, respectively.

       15

   Note 5: Other Borrowings
    
   There were no additional borrowings made during the three months ended  March 31, 2025 and  March 31, 2024. In  June 2023, the Company borrowed $5.0 million from the FHLB Chicago at a rate of 4.78% for 24 months, payable on  June 20, 2025.
    
   The following table shows certain information regarding our borrowings at or for the dates indicated:

       For the three months ended  
   March 31,  
   2025    2024  
   (Dollars in thousands)  
 FHLB of Chicago advances and other borrowings:         
 Average balance outstanding  $5,000  $5,000 
 Maximum amount outstanding at any month-end during the period   5,000   5,000 
 Average interest rate during the period   4.8%  4.8%

       March 31, 2025    December 31, 2024  
   (Dollars in thousands)  
 Balance outstanding at end of period   5,000   5,000 
 Weighted average interest rate at end of period   4.8%  4.8%

   The eligible borrowings are collateralized by $105.1 million and $103.8 million of first mortgage loans under a blanket lien arrangement at  March 31, 2025 and  December 31, 2024, respectively.
    
   The following table shows the outstanding advances, additional borrowing capacity and total borrowing capacity from the FHLB Chicago at the dates presented. 

       March 31, 2025    December 31, 2024  
   (Dollars in thousands)  
 Outstanding advances  $5,000  $5,000 
 Additional borrowing capacity   74,079   73,094 
 Total borrowing capacity  $79,079  $78,094 

   Additionally, at  March 31, 2025 and  December 31, 2024, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn at  March 31, 2025 and  December 31,