NSTS Bancorp Inc
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
NSTS$14.26+0.5%Stored close · as of Sep 30, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. CONSOLIDATED FINANCIAL STATEMENTS
NSTS BANCORP, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
| Year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (Dollars in thousands) | ||
| Assets: | ||
| Cash and due from banks | $1,000 | $1,583 |
| Interest-bearing bank deposits | 30,388 | 11,564 |
| Cash and cash equivalents | 31,388 | 13,147 |
| Time deposits with other financial institutions | 1,991 | 4,477 |
| Securities available for sale | 82,135 | 121,205 |
| Federal Home Loan Bank stock (FHLB) | 550 | 550 |
| Loans held for sale | 380 | — |
| Loans, net of unearned income | 121,799 | 103,983 |
| Allowance for credit losses on loans | (1,176) | (624) |
| Loans, net | 120,623 | 103,359 |
| Premises and equipment, net | 5,285 | 5,035 |
| Accrued interest receivable | 758 | 852 |
| Bank-owned life insurance (BOLI) | 9,441 | 9,249 |
| Other assets | 4,225 | 6,332 |
| Total assets | $256,776 | $264,206 |
| Liabilities: | ||
| Deposits: | ||
| Noninterest bearing | $12,424 | $12,977 |
| Interest-bearing | ||
| Demand and NOW checking | 15,346 | 18,659 |
| Money market | 32,027 | 42,624 |
| Savings | 41,774 | 49,068 |
| Time deposits over $250,000 | 9,975 | 8,801 |
| Other time deposits | 57,280 | 46,585 |
| Total deposits | 168,826 | 178,714 |
| Escrow deposits | 1,382 | 1,253 |
| Other borrowings | 5,000 | — |
| Accrued expenses and other liabilities | 4,023 | 3,697 |
| Total liabilities | 179,231 | 183,664 |
| Stockholders' equity: | ||
| Common stock ($0.01 par value; 10,000,000 shares authorized; 5,315,261 and 5,397,959 shares outstanding at December 31, 2023 and December 31, 2022, respectively) | 56 | 54 |
| Treasury Stock, at cost (269,898 shares at December 31, 2023) | (2,381) | — |
| Additional paid-in capital | 50,920 | 50,420 |
| Retained earnings | 41,055 | 45,291 |
| Unallocated common shares held by ESOP | (3,882) | (4,098) |
| Accumulated other comprehensive loss, net | (8,223) | (11,125) |
| Total stockholders' equity | 77,545 | 80,542 |
| Total liabilities and stockholders' equity | $256,776 | $264,206 |
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