NSTS Bancorp, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Mar. 31, 2023

	*March 31, 2023*			*December 31, 2022*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	96,224		$	95,584
Multi-family		3,203			3,237
Commercial		3,795			3,921
Total first mortgage loans		103,222			102,742
Consumer loans		287			249
Total loans		103,509			102,991
Net deferred loan costs		1,013			992
Allowance for credit losses on loans		(979	)		(624	)
Total loans, net	$	103,543		$	103,359

	*March 31, 2023*
	*1-4 family*
	*residential*			*Multi-family*			*Commercial*			*Consumer*			*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	581		$	19		$	19		$	5		$	624
Cumulative effect of change in accounting principle		335			23			29			(3	)		384
Charge-offs		—			—			—			—			—
Recoveries		—			—			—			—			—
Net recoveries (charge-offs)		—			—			—			—			—
Release of provision for credit losses		(26	)		(1	)		(2	)		—			(29	)
Ending balance	$	890		$	41		$	46		$	2		$	979

	*March 31, 2022*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*		*Consumer*			*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	675	$	69		$	25	$	10		$	779
Charge-offs		—		—			—		—			—
Recoveries		6		—			—		—			6
Net recoveries (charge-offs)		6		—			—		—			6
(Release of) provision for loan losses		48		(42	)		1		(7	)		—
Ending balance	$	729	$	27		$	26	$	3		$	785

	*As of March 31, 2023*
	*Term loans amortized cost basis by origination year*
	*2023*		*2022*		*2021*		*Prior*		*Revolving loans amortized cost basis*		*Revolving loans converted to term loans amortized cost basis*		*Total*
	(Dollars in thousands)
1-4 family residential
Pass	$	2,185	$	20,521	$	20,987	$	51,315	$	991	$	—	$	95,999
Special Mention		—		—		—		43		—		—		43
Substandard		—		—		—		182		—		—		182
Total 1-4 family residential		2,185		20,521		20,987		51,540		991		—		96,224
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Multi-family
Pass		—		—		245		2,958		—		—		3,203
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total multi-family		—		—		245		2,958		—		—		3,203
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Commercial
Pass		—		—		108		3,487		200		—		3,795
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total commercial		—		—		108		3,487		200		—		3,795
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Consumer
Pass		59		131		40		57		—		—		287
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total consumer		59		131		40		57		—		—		287
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Total	$	2,244	$	20,653	$	21,379	$	58,043	$	1,191	$	—	$	103,509

	*31-89 Days Past Due and Accruing*		*Greater than 90 Days Past Due and Accruing*		*Non-Accrual*		*Total Past Due and Non-Accrual*		*Current*		*Total Loan Balance*
	(Dollars in thousands)
March 31, 2023
1-4 family residential	$	21	$	—	$	148	$	169	$	96,055	$	96,224
Multi-family		—		—		—		—		3,203		3,203
Commercial		—		—		—		—		3,795		3,795
Consumer		—		—		—		—		287		287
Total	$	21	$	—	$	148	$	169	$	103,340	$	103,509

December 31, 2022
1-4 family residential	$	28	$	—	$	154	$	182	$	95,402	$	95,584
Multi-family		—		—		—		—		3,237		3,237
Commercial		—		—		—		—		3,921		3,921
Consumer		—		—		—		—		249		249
Total	$	28	$	—	$	154	$	182	$	102,809	$	102,991

	March 31, 2023				December 31, 2022
	Nonaccrual with no Allowance for Credit Losses		Nonaccrual		Nonaccrual
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	148	$	148	$	154
Multi-family		—		—		—
Commercial		—		—		—
Consumer loans		—		—		—
Total loans	$	148	$	148	$	154