$NSTS

NSTS Bancorp, Inc.

CIK:0001881592|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Loans, including fees	$ 1,657	$ 1,793	$ 3,475	$ 3,593
Securities
Taxable	399	335	804	690
Tax-exempt	60	61	120	121
Federal funds sold and other	362	522	647	1,030
Time deposits with other financial institutions	9	18	20	36
FHLB Stock	5	9	11	18
Total interest income	2,492	2,738	5,077	5,488
Interest expense:
Deposits	746	877	1,474	1,736
Other borrowings	0	53	0	113
Total interest expense	746	930	1,474	1,849
Net interest income	1,746	1,808	3,603	3,639
Provision for (reversal of) credit losses	(1)	(57)	25	(20)
Net interest income after provision for (reversal of) credit losses	1,745	1,751	3,628	3,619
Noninterest income:
Gain on sale of mortgage loans	366	507	841	696
Rental income on office building	16	16	32	32
Service charges on deposits	65	64	124	123
BOLI death benefit	918	0	918	0
Increase in cash surrender value of BOLI	58	57	118	113
Other non-interest income	70	91	115	105
Total noninterest income	1,493	735	2,148	1,069
Noninterest expense:
Salaries and employee benefits	1,772	1,642	3,383	3,175
Transaction expenses	611	0	658	0
Equipment and occupancy	195	210	433	434
Data processing	256	233	514	455
Professional services	214	180	256	316
Advertising	20	39	44	81
Supervisory fees and assessments	33	42	66	80
Loan expenses	57	79	124	171
Deposit expenses	70	107	128	175
Director fees	55	51	111	99
Other non-interest expense	159	161	302	288
Total noninterest expense	3,442	2,744	6,019	5,274
Loss before income taxes	(204)	(258)	(243)	(586)
Income tax expense	0	0	0	0
Net loss	$ (204)	$ (258)	$ (243)	$ (586)
Loss per common share basic and diluted (in dollars per share)	$ (0.04)	$ (0.05)	$ (0.05)	$ (0.12)
Average number of common shares outstanding used to calculate basic loss per common share (in shares)	4,922,016	4,886,652	4,919,604	4,885,290

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (243,000)	$ (586,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	150,000	152,000
Securities amortization and accretion, net	209,000	242,000
Loans originated for sale	(31,334,000)	(38,366,000)
Proceeds from sales of loans held for sale	40,582,000	38,595,000
Gain on sale of mortgage loans	(841,000)	(696,000)
(Reversal of) provision for credit losses	(25,000)	20,000
Earnings on bank owned life insurance	(1,041,000)	(113,000)
ESOP expense	138,000	127,000
Stock based compensation	588,000	332,000
Change in deferred income taxes	(88,000)	628,000
Net change in accrued interest receivable and other assets	134,000	(434,000)
Net change in accrued expenses and other liabilities	219,000	(1,922,000)
Net cash provided by (used in) operating activities	8,448,000	(2,021,000)
Cash flows from investing activities:
Net change in portfolio loans	(3,177,000)	(5,222,000)
Principal repayments on mortgage-backed securities	3,495,000	2,545,000
Maturities and calls of securities available for sale	80,000	1,080,000
Purchase of Federal Home Loan Bank stock	0	(20,000)
Net change in time deposits with other financial institutions	498,000	0
Proceeds from bank owned life insurance death benefit	1,395,000	0
Purchases of premises and equipment, net	(37,000)	(93,000)
Net cash provided by (used in) investing activities	2,254,000	(1,710,000)
Cash flows from financing activities:
Net change in deposits	2,606,000	2,804,000
Net change in escrow deposits	288,000	42,000
Repayment of FHLB Advance	0	(5,000,000)
Purchase of treasury stock from taxes withheld on stock awards	(116,000)	(108,000)
Net cash provided by (used in) financing activities	2,778,000	(2,262,000)
Net change in cash and cash equivalents	13,480,000	(5,993,000)
Cash and cash equivalents at beginning of period	34,042,000	53,481,000
Cash and cash equivalents at end of period	47,522,000	47,488,000
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	1,454,000	1,877,000
Loans transferred to held for sale from portfolio, net	$ 5,317,000	$ 2,744,000

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Cash and due from banks	$ 1,108	$ 1,242
Interest-bearing bank deposits	46,414	32,800
Cash and cash equivalents	47,522	34,042
Time deposits with other financial institutions	747	1,245
Securities available for sale	74,627	78,719
Federal Home Loan Bank stock (FHLB)	605	605
Loans held for sale	1,369	4,459
Loans, net of unearned income	127,623	129,763
Allowance for credit losses on loans	(1,095)	(1,128)
Total loans, net	126,528	128,635
Premises and equipment, net	5,000	5,113
Interest Receivable	881	925
Bank-owned life insurance (BOLI)	9,540	9,894
Other assets	3,097	3,011
Total assets	269,916	266,648
Deposits:
Noninterest bearing	14,468	13,306
Interest-bearing
Demand and NOW checking	14,416	14,289
Money market	25,613	25,735
Savings	37,635	38,660
Time deposits over $250,000	26,821	23,370
Other time deposits	65,125	66,112
Total deposits	184,078	181,472
Escrow deposits	1,887	1,599
Accrued expenses and other liabilities	3,830	3,603
Total liabilities	189,795	186,674
Stockholders' equity:
Common Stock	56	56
Treasury Stock, at cost	(3,203)	(3,087)
Additional paid-in capital	52,966	52,348
Retained earnings	39,637	39,880
Unallocated common shares held by ESOP	(3,354)	(3,462)
Accumulated other comprehensive loss, net	(5,981)	(5,761)
Total stockholders' equity	80,121	79,974
Total liabilities and stockholders' equity	$ 269,916	$ 266,648
Par value (in dollars per share)	$ 0.01	$ 0.01
Shares authorized (in shares)	10,000,000	10,000,000
Shares issued (in shares)	5,599,859	5,599,859
Shares outstanding (in shares)	5,253,131	5,261,533
Treasury shares (in shares)	346,728	338,326