NSTS Bancorp Inc
For the period ended Jun 30, 2024. Filed Aug 9, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 9, 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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CONSOLIDATED STATEMENTS OF OPERATIONS
Consolidated Statements of Operations (unaudited)
| For the three months ended · For the six months ended | ||||
|---|---|---|---|---|
| June 30, | June 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| (Dollars in thousands) | ||||
| Interest income: | ||||
| Loans, including fees | $1,721 | $1,022 | $3,196 | $2,040 |
| Securities | ||||
| Taxable | 387 | 632 | 805 | 1,290 |
| Tax-exempt | 61 | 100 | 124 | 202 |
| Federal funds sold and other | 357 | 59 | 774 | 111 |
| Time deposits with other financial institutions | 28 | 30 | 51 | 54 |
| FHLB Stock | 9 | 5 | 18 | 9 |
| Total interest income | 2,563 | 1,848 | 4,968 | 3,706 |
| Interest expense: | ||||
| Deposits | 714 | 262 | 1,354 | 483 |
| Other borrowings | 61 | 7 | 121 | 7 |
| Total interest expense | 775 | 269 | 1,475 | 490 |
| Net interest income | 1,788 | 1,579 | 3,493 | 3,216 |
| Provision for credit losses | 123 | 30 | 122 | 2 |
| Net interest income after provision for credit losses | 1,665 | 1,549 | 3,371 | 3,214 |
| Noninterest income: | ||||
| Gain on sale of mortgage loans | 271 | 2 | 427 | 13 |
| Rental income on office building | 16 | 16 | 32 | 32 |
| Service charges on deposits | 64 | 69 | 125 | 133 |
| Increase in cash surrender value of BOLI | 53 | 46 | 106 | 92 |
| Other non-interest income | 97 | 14 | 123 | 24 |
| Total noninterest income | 501 | 147 | 813 | 294 |
| Noninterest expense: | ||||
| Salaries and employee benefits | 1,468 | 1,005 | 2,842 | 1,933 |
| Equipment and occupancy | 198 | 167 | 412 | 333 |
| Data processing | 217 | 161 | 412 | 322 |
| Professional services | 172 | 123 | 283 | 244 |
| Advertising | 91 | 27 | 175 | 51 |
| Supervisory fees and assessments | 35 | 39 | 71 | 74 |
| Loan expenses | 65 | 23 | 95 | 44 |
| Deposit expenses | 58 | 55 | 112 | 107 |
| Director fees | 56 | 56 | 104 | 112 |
| Other non-interest expense | 132 | 131 | 250 | 237 |
| Total noninterest expense | 2,492 | 1,787 | 4,756 | 3,457 |
| (Loss) income before income taxes | (326) | (91) | (572) | 51 |
| Income tax benefit | — | 35 | — | 7 |
| Net (loss) income | $(326) | $(126) | $(572) | $44 |
| Basic and diluted (loss) earnings per share | $(0.07) | $(0.03) | $(0.12) | $0.01 |
| Weighted average shares outstanding | 4,925,388 | 4,976,127 | 4,957,483 | 4,982,992 |
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