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

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

9 Months Ended

Sep. 30, 2023

	*September 30, 2023*			*December 31, 2022*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	97,934		$	95,584
Multi-family		3,142			3,237
Commercial		3,738			3,921
Construction		1,762			—
Total first mortgage loans		106,576			102,742
Consumer loans		265			249
Total loans		106,841			102,991
Net deferred loan costs		1,030			992
Allowance for credit losses on loans		(1,061	)		(624	)
Total loans, net	$	106,810		$	103,359

	*September 30, 2023*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*			*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	928	$	41		$	39		$	—	$	2	$	1,010
Charge-offs		—		—			—			—		—		—
Recoveries		—		—			—			—		—		—
Net recoveries (charge-offs)		—		—			—			—		—		—
Provision for (release of) credit losses		56		(2	)		(3	)		—		—		51
Ending balance	$	984	$	39		$	36		$	—	$	2	$	1,061

	*September 30, 2023*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*			*Construction*		*Consumer*			*Total*
	(Dollars in thousands)
Nine 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		68		(3	)		(12	)		—		—			53
Ending balance	$	984	$	39		$	36		$	—	$	2		$	1,061

	September 30, 2022
	1-4 family
	residential			Multi-family			Commercial			Construction		Consumer		Total
	(Dollars in thousands)
Three months ended
Beginning balance	$	713		$	26		$	26		$	—	$	4	$	769
Charge-offs		—			—			—			—		—		—
Recoveries		—			—			—			—		—		—
Net recoveries (charge-offs)		—			—			—			—		—		—
(Release of) provision for loan losses		(79	)		(2	)		(4	)		—		1		(84	)
Ending balance	$	634		$	24		$	22		$	—	$	5	$	685

	*As of September 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	$	8,623	$	19,539	$	19,824	$	48,518	$	1,291	$	—	$	97,795
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		139		—		—		139
Total 1-4 family residential		8,623		19,539		19,824		48,657		1,291		—		97,934
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Multi-family
Pass		—		—		241		2,901		—		—		3,142
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total multi-family		—		—		241		2,901		—		—		3,142
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Commercial
Pass		46		—		101		3,441		150		—		3,738
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total commercial		46		—		101		3,441		150		—		3,738
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Construction
Pass		1,762		—		—		—		—		—		1,762
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total construction		1,762		—		—		—		—		—		1,762
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Consumer
Pass		129		102		31		3		—		—		265
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total consumer		129		102		31		3		—		—		265
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Total	$	10,560	$	19,641	$	20,197	$	55,002	$	1,441	$	—	$	106,841

	*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)
September 30, 2023
1-4 family residential	$	—	$	—	$	139	$	139	$	97,795	$	97,934
Multi-family		—		—		—		—		3,142		3,142
Commercial		—		64		—		64		3,674		3,738
Construction		—		—		—		—		1,762		1,762
Consumer		—		—		—		—		265		265
Total	$	—	$	64	$	139	$	203	$	106,638	$	106,841

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

	*September 30, 2023*				*December 31, 2022*
	*Nonaccrual with no Allowance for Credit Losses*		*Nonaccrual*		*Nonaccrual*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	139	$	139	$	154
Multi-family		—		—		—
Commercial		—		—		—
Construction		—		—		—
Consumer loans		—		—		—
Total loans	$	139	$	139	$	154