NSTS Bancorp, Inc.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
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, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in thousands) | ||
| Assets: | ||
| Cash and due from banks | $1,223 | $1,000 |
| Interest-bearing bank deposits | 52,258 | 30,388 |
| Cash and cash equivalents | 53,481 | 31,388 |
| Time deposits with other financial institutions | 1,494 | 1,991 |
| Securities available for sale | 71,249 | 82,135 |
| Federal Home Loan Bank stock (FHLB) | 585 | 550 |
| Loans held for sale | 1,218 | 380 |
| Loans, net of unearned income | 131,557 | 121,799 |
| Allowance for credit losses on loans | (1,201) | (1,176) |
| Loans, net | 130,356 | 120,623 |
| Premises and equipment, net | 5,311 | 5,285 |
| Accrued interest receivable | 870 | 758 |
| Bank-owned life insurance (BOLI) | 9,661 | 9,441 |
| Other assets | 4,463 | 4,225 |
| Total assets | $278,688 | $256,776 |
| Liabilities: | ||
| Deposits: | ||
| Noninterest bearing | $11,896 | $12,424 |
| Interest-bearing | ||
| Demand and NOW checking | 14,930 | 15,346 |
| Money market | 28,967 | 32,027 |
| Savings | 41,544 | 41,774 |
| Time deposits over $250,000 | 21,990 | 9,975 |
| Other time deposits | 70,829 | 57,280 |
| Total deposits | 190,156 | 168,826 |
| Escrow deposits | 1,739 | 1,382 |
| Other borrowings | 5,000 | 5,000 |
| Accrued expenses and other liabilities | 5,303 | 4,023 |
| Total liabilities | 202,198 | 179,231 |
| Stockholders' equity: | ||
| Common stock ($0.01 par value; 10,000,000 shares authorized; 5,249,826 and 5,315,261 shares outstanding at December 31, 2024 and December 31, 2023, respectively) | 56 | 56 |
| Treasury Stock, at cost (352,033 and 269,898 shares at December 31, 2024 and 2023, respectively) | (3,240) | (2,381) |
| Additional paid-in capital | 51,684 | 50,920 |
| Retained earnings | 40,266 | 41,055 |
| Unallocated common shares held by ESOP | (3,670) | (3,882) |
| Accumulated other comprehensive loss, net | (8,606) | (8,223) |
| Total stockholders' equity | 76,490 | 77,545 |
| Total liabilities and stockholders' equity | $278,688 | $256,776 |
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