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

6 Months Ended

Jun. 30, 2025

Federal Home Loan Bank Advances, Disclosure [Text Block]

Note 5: Other Borrowings

There were no additional borrowings made during the six months ended June 30, 2025 and 2024. In June 2025, the Company repaid the $5.0 million advance from FHLB Chicago. There was no outstanding borrowed funds at June 30, 2025.

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

	*For the three months ended*						*For the six months ended*
	*June 30,*						*June 30,*
	*2025*			*2024*			*2025*			*2024*
	(Dollars in thousands)
FHLB of Chicago advances and other borrowings:
Average balance outstanding	$	4,396		$	5,000		$	4,696		$	5,000
Maximum amount outstanding at any month-end during the period		5,000			5,000			5,000			5,000
Average interest rate during the period		4.8	%		4.9	%		4.8	%		4.8	%

	*June 30, 2025*		*December 31, 2024*
	(Dollars in thousands)
Balance outstanding at end of period		—		5,000
Weighted average interest rate at end of period		N/A		4.8	%

The eligible borrowings are collateralized by $108.2 million and $103.8 million of first mortgage loans under a blanket lien arrangement at June 30, 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.

	*June 30, 2025*		*December 31, 2024*
	(Dollars in thousands)
Outstanding advances	$	—	$	5,000
Additional borrowing capacity		81,461		73,094
Total borrowing capacity	$	81,461	$	78,094

Additionally, at June 30, 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 June 30, 2025 and December 31, 2024.