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

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

6 Months Ended

Jun. 30, 2023

	*June 30, 2023*			*December 31, 2022*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	95,836		$	95,584
Multi-family		3,171			3,237
Commercial		4,013			3,921
Construction		1,529			—
Total first mortgage loans		104,549			102,742
Consumer loans		232			249
Total loans		104,781			102,991
Net deferred loan costs		996			992
Allowance for credit losses on loans		(1,010	)		(624	)
Total loans, net	$	104,767		$	103,359

	June 30, 2023
	1-4 family
	residential		Multi-family		Commercial			Construction		Consumer		Total
	(Dollars in thousands)
Three months ended
Beginning balance	$	890	$	41	$	46		$	—	$	2	$	979
Charge-offs		—		—		—			—		—		—
Recoveries		—		—		—			—		—		—
Net recoveries (charge-offs)		—		—		—			—		—		—
Provision for (release of) credit losses		38		—		(7	)		—		—		31
Ending balance	$	928	$	41	$	39		$	—	$	2	$	1,010

	*June 30, 2023*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*			*Construction*		*Consumer*			*Total*
	(Dollars in thousands)
Six 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)		—		—			—			—		—			—
Provision for (release of) credit losses		12		(1	)		(9	)		—		—			2
Ending balance	$	928	$	41		$	39		$	—	$	2		$	1,010

	*June 30, 2022*
	*1-4 family*
	*residential*			*Multi-family*			*Commercial*		*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	729		$	27		$	26	$	—	$	3	$	785
Charge-offs		—			—			—		—		—		—
Recoveries		—			—			—		—		—		—
Net recoveries (charge-offs)		—			—			—		—		—		—
(Release of) provision for loan losses		(16	)		(1	)		—		—		1		(16	)
Ending balance	$	713		$	26		$	26	$	—	$	4	$	769

	*June 30, 2022*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*		*Construction*		*Consumer*			*Total*
	(Dollars in thousands)
Six months ended
Beginning balance	$	675	$	69		$	25	$	—	$	10		$	779
Charge-offs		—		—			—		—		—			—
Recoveries		6		—			—		—		—			6
Net recoveries (charge-offs)		6		—			—		—		—			6
Provision for (release of) loan losses		32		(43	)		1		—		(6	)		(16	)
Ending balance	$	713	$	26		$	26	$	—	$	4		$	769

	*As of June 30, 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	$	4,688	$	20,334	$	20,179	$	49,520	$	935	$	—	$	95,656
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		180		—		—		180
Total 1-4 family residential		4,688		20,334		20,179		49,700		935		—		95,836
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Multi-family
Pass		—		—		243		2,928		—		—		3,171
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total multi-family		—		—		243		2,928		—		—		3,171
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Commercial
Pass		149		—		102		3,562		200		—		4,013
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total commercial		149		—		102		3,562		200		—		4,013
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Construction
Pass		1,529		—		—		—		—		—		1,529
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total construction		1,529		—		—		—		—		—		1,529
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Consumer
Pass		68		124		34		6		—		—		232
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total consumer		68		124		34		6		—		—		232
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Total	$	6,434	$	20,458	$	20,558	$	56,196	$	1,135	$	—	$	104,781

	*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)
June 30, 2023
1-4 family residential	$	—	$	—	$	147	$	147	$	95,689	$	95,836
Multi-family		—		—		—		—		3,171		3,171
Commercial		—		—		—		—		4,013		4,013
Construction		—		—		—		—		1,529		1,529
Consumer		—		—		—		—		232		232
Total	$	—	$	—	$	147	$	147	$	104,634	$	104,781

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

	*June 30, 2023*				*December 31, 2022*
	*Nonaccrual with no Allowance for Credit Losses*		*Nonaccrual*		*Nonaccrual*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	147	$	147	$	154
Multi-family		—		—		—
Commercial		—		—		—
Construction		—		—		—
Consumer loans		—		—		—
Total loans	$	147	$	147	$	154