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 Credit Losses (Tables)

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

6 Months Ended

Jun. 30, 2024

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

	*June 30, 2024*			*December 31, 2023*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	122,812		$	111,081
Multi-family		3,051			3,111
Commercial		4,149			3,835
Construction		1,318			2,508
Total first mortgage loans		131,330			120,535
Consumer loans		234			248
Total loans		131,564			120,783
Net deferred loan costs		741			1,016
Allowance for credit losses on loans		(1,267	)		(1,176	)
Total loans, net	$	131,038		$	120,623

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

	*June 30, 2024*
	*1-4 family*
	*residential*		*Multi-family*		*Commercial*		*Construction*		*Consumer*			*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	1,091	$	36	$	37	$	11	$	2		$	1,177
Charge-offs		—		—		—		—		—			—
Recoveries		—		—		—		—		—			—
Net recoveries (charge-offs)		—		—		—		—		—			—
Provision for (release of ) credit losses		74		—		4		13		(1	)		90
Ending balance	$	1,165	$	36	$	41	$	24	$	1		$	1,267

	*June 30, 2024*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*		*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Six months ended
Beginning balance	$	1,094	$	40		$	37	$	4	$	1	$	1,176
Charge-offs		—		—			—		—		—		—
Recoveries		—		—			—		—		—		—
Net recoveries (charge-offs)		—		—			—		—		—		—
Provision for (release of ) credit losses		71		(4	)		4		20		—		91
Ending balance	$	1,165	$	36		$	41	$	24	$	1	$	1,267

	*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

Financing Receivable Credit Quality Indicators [Table Text Block]

	*As of June 30, 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	$	15,477	$	22,513	$	18,385	$	18,489	$	45,650	$	2,298	$	—		122,812
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total 1-4 family residential		15,477		22,513		18,385		18,489		45,650		2,298		—		122,812
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Multi-family
Pass		—		—		—		234		2,817		—		—		3,051
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total multi-family		—		—		—		234		2,817		—		—		3,051
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Commercial
Pass		65		181		—		98		3,233		572		—		4,149
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total commercial		65		181		—		98		3,233		572		—		4,149
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Construction
Pass		851		467		—		—		—		—		—		1,318
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total construction		851		467		—		—		—		—		—		1,318
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Consumer
Pass		47		92		70		23		2		—		—		234
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total consumer		47		92		70		23		2		—		—		234
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Total	$	16,440	$	23,253	$	18,455	$	18,844	$	51,702	$	2,870	$	—	$	131,564

	*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)
June 30, 2024
1-4 family residential	$	97	$	—	$	—	$	97	$	122,715	$	122,812
Multi-family		—		—		—		—		3,051		3,051
Commercial		—		—		—		—		4,149		4,149
Construction		—		—		—		—		1,318		1,318
Consumer		—		—		—		—		234		234
Total	$	97	$	—	$	—	$	97	$	131,467	$	131,564

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]

	*June 30, 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	$	—	$	—	$	200	$	200
Multi-family		—		—		—		—
Commercial		—		—		—		—
Construction		—		—		—		—
Consumer loans		—		—		—		—
Total loans	$	—	$	—	$	200	$	200