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

Quarterly report pursuant to Section 13 or 15(d)

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

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

3 Months Ended

Mar. 31, 2024

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	*March 31, 2024*			*December 31, 2023*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	115,700		$	111,081
Multi-family		3,081			3,111
Commercial		3,828			3,835
Construction		3,245			2,508
Total first mortgage loans		125,854			120,535
Consumer loans		226			248
Total loans		126,080			120,783
Net deferred loan costs		934			1,016
Allowance for credit losses on loans		(1,177	)		(1,176	)
Total loans, net	$	125,837		$	120,623

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	*March 31, 2024*
	*1-4 family*
	*residential*			*Multi-family*			*Commercial*		*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	1,094		$	40		$	37	$	4	$	1	$	1,176
Charge-offs		—			—			—		—		—		—
Recoveries		—			—			—		—		—		—
Net recoveries (charge-offs)		—			—			—		—		—		—
(Release of) provision for credit losses		(3	)		(4	)		—		7		1		1
Ending balance	$	1,091		$	36		$	37	$	11	$	2	$	1,177

	*March 31, 2023*
	*1-4 family*
	*residential*			*Multi-family*			*Commercial*			*Construction*		*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

Financing Receivable Credit Quality Indicators [Table Text Block]

	*As of March 31, 2024*
	*Term loans amortized cost basis by origination year*
	*2024*		*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	$	7,303	$	21,211	$	18,844	$	19,421	$	46,387	$	2,297	$	—		115,463
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		237		—		—		237
Total 1-4 family residential		7,303		21,211		18,844		19,421		46,624		2,297		—		115,700
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Multi-family
Pass		—		—		—		236		2,845		—		—		3,081
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total multi-family		—		—		—		236		2,845		—		—		3,081
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Commercial
Pass		10		184		—		99		3,327		208		—		3,828
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total commercial		10		184		—		99		3,327		208		—		3,828
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Construction
Pass		244		3,001		—		—		—		—		—		3,245
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total construction		244		3,001		—		—		—		—		—		3,245
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Consumer
Pass		11		100		87		25		3		—		—		226
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total consumer		11		100		87		25		3		—		—		226
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Total	$	7,568	$	24,496	$	18,931	$	19,781	$	52,799	$	2,505	$	—	$	126,080

	*As of December 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	$	23,395	$	18,950	$	19,605	$	47,517	$	1,414	$	—	$	110,881
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		200		—		—		200
Total 1-4 family residential		23,395		18,950		19,605		47,717		1,414		—		111,081
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Multi-family
Pass		—		—		239		2,872		—		—		3,111
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total multi-family		—		—		239		2,872		—		—		3,111
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Commercial
Pass		186		—		100		3,399		150		—		3,835
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total commercial		186		—		100		3,399		150		—		3,835
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Construction
Pass		2,508		—		—		—		—		—		2,508
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total construction		2,508		—		—		—		—		—		2,508
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Consumer
Pass		122		95		28		3		—		—		248
Special Mention		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—
Total consumer		122		95		28		3		—		—		248
Current year-to-date gross write-offs		—		—		—		—		—		—		—
Total	$	26,211	$	19,045	$	19,972	$	53,991	$	1,564	$	—	$	120,783

Financing Receivable, Past Due [Table Text Block]

	*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, 2024
1-4 family residential	$	—	$	—	$	237	$	237	$	115,463	$	115,700
Multi-family		—		—		—		—		3,081		3,081
Commercial		—		—		—		—		3,828		3,828
Construction		—		—		—		—		3,245		3,245
Consumer		—		—		—		—		226		226
Total	$	—	$	—	$	237	$	237	$	125,843	$	126,080

December 31, 2023
1-4 family residential	$	131	$	—	$	200	$	331	$	110,750	$	111,081
Multi-family		—		—		—	$	—		3,111	$	3,111
Commercial		—		—		—	$	—		3,835	$	3,835
Construction		—		—		—	$	—		2,508	$	2,508
Consumer		—		—		—	$	—		248	$	248
Total	$	131	$	—	$	200	$	331	$	120,452	$	120,783

Financing Receivable, Nonaccrual [Table Text Block]

	*March 31, 2024*				*December 31, 2023*
	*Nonaccrual with no Allowance for Credit Losses*		*Nonaccrual*		*Nonaccrual with no Allowance for Credit Losses*		*Nonaccrual*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	237	$	237	$	200	$	200
Multi-family		—		—		—		—
Commercial		—		—		—		—
Construction		—		—		—		—
Consumer loans		—		—		—		—
Total loans	$	237	$	237	$	200	$	200