NSTS Bancorp, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 5 - Other Borrowings

Note 5 - Other Borrowings

3 Months Ended

Mar. 31, 2025

Federal Home Loan Bank Advances, Disclosure [Text Block]

Note 5: Other Borrowings

There were no additional borrowings made during the three months ended March 31, 2025 and March 31, 2024. In June 2023, the Company borrowed $5.0 million from the FHLB Chicago at a rate of 4.78% for 24 months, payable on June 20, 2025.

The following table shows certain information regarding our borrowings at or for the dates indicated:

	*For the three months ended*
	*March 31,*
	*2025*			*2024*
	(Dollars in thousands)
FHLB of Chicago advances and other borrowings:
Average balance outstanding	$	5,000		$	5,000
Maximum amount outstanding at any month-end during the period		5,000			5,000
Average interest rate during the period		4.8	%		4.8	%

	*March 31, 2025*			*December 31, 2024*
	(Dollars in thousands)
Balance outstanding at end of period		5,000			5,000
Weighted average interest rate at end of period		4.8	%		4.8	%

The eligible borrowings are collateralized by $105.1 million and $103.8 million of first mortgage loans under a blanket lien arrangement at March 31, 2025 and December 31, 2024, respectively.

The following table shows the outstanding advances, additional borrowing capacity and total borrowing capacity from the FHLB Chicago at the dates presented.

	*March 31, 2025*		*December 31, 2024*
	(Dollars in thousands)
Outstanding advances	$	5,000	$	5,000
Additional borrowing capacity		74,079		73,094
Total borrowing capacity	$	79,079	$	78,094

Additionally, at March 31, 2025 and December 31, 2024, we had a $10.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn at March 31, 2025 and December 31, 2024.