NSTS Bancorp, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Note 16 - Condensed Parent Only Financial Information (Tables)

12 Months Ended

Dec. 31, 2024

	*Year ended December 31,*
	*2024*			*2023*
	(Dollars in thousands)
Assets:
Cash	$	16,855		$	18,634
Investment in subsidiary		56,028			55,035
Loan to ESOP		3,800			3,973
Other assets		15			7
Total assets	$	76,698		$	77,649
Liabilities:
Accrued expense and other liabilities	$	208		$	104
Total liabilities		208			104
Stockholders' equity
Common Stock		56			56
Treasury Stock		(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	$	76,698		$	77,649

	*Year ended December 31,*
	*2024*			*2023*
	(Dollars in thousands)
Income:
Interest income	$	129		$	135
Total income		129			135
Expense:
Noninterest expense	$	1,313		$	1,180
Total expense		1,313			1,180
Losses before income tax expense and equity in undistributed earnings (losses) of subsidiary	$	(1,184	)	$	(1,045	)
Income tax expense		—			96
Losses before equity in undistributed earnings (losses) of subsidiary	$	(1,184	)	$	(1,141	)
Equity in undistributed earnings (losses) of subsidiary		395			(2,816	)
Net loss	$	(789	)	$	(3,957	)

	Year ended December 31,
	2024			2023
	(Dollars in thousands)
Cash flows from operating activities:
Net loss	$	(789	)	$	(3,957	)
Adjustments to reconcile net loss to net cash used in operating activities:
Net change in other assets		(8	)		97
Net change in accrued expenses and other liabilities		104			(307	)
Equity in undistributed (earnings) losses of subsidiary		(395	)		2,816
Net cash used in operating activities		(1,088	)		(1,351	)
Cash flows from investing activities:
Principal payments on loan to ESOP	$	173		$	172
Net cash provided by investing activities		173			172
Cash flows from financing activities:
Purchase of treasury shares		(970	)		(2,381	)
Purchase of treasury stock from taxes withheld on stock awards		(109	)		—
Proceeds from exercise of stock options		215			—
Net cash used in financing activities		(864	)		(2,381	)
Net change in cash		(1,779	)		(3,560	)
Cash at beginning of period		18,634			22,194
Cash at end of period	$	16,855		$	18,634