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)

9 Months Ended

Sep. 30, 2024

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

	*September 30, 2024*			*December 31, 2023*
	(Dollars in thousands)
First mortgage loans
1-4 family residential	$	125,052		$	111,081
Multi-family		3,539			3,111
Commercial		4,152			3,835
Construction		1,380			2,508
Total first mortgage loans		134,123			120,535
Consumer loans		275			248
Total loans		134,398			120,783
Net deferred loan costs		684			1,016
Allowance for credit losses on loans		(1,271	)		(1,176	)
Total loans, net	$	133,811		$	120,623

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

	*September 30, 2024*
	*1-4 family*
	*residential*			*Multi-family*		*Commercial*		*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Three months ended
Beginning balance	$	1,165		$	36	$	41	$	24	$	1	$	1,267
Charge-offs		—			—		—		—		—		—
Recoveries		—			—		—		—		—		—
Net recoveries (charge-offs)		—			—		—		—		—		—
(Release of) Provision for credit losses		(1	)		3		1		—		1		4
Ending balance	$	1,164		$	39	$	42	$	24	$	2	$	1,271

	*September 30, 2024*
	*1-4 family*
	*residential*		*Multi-family*			*Commercial*		*Construction*		*Consumer*		*Total*
	(Dollars in thousands)
Nine 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		70		(1	)		5		20		1		95
Ending balance	$	1,164	$	39		$	42	$	24	$	2	$	1,271

	*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

Financing Receivable Credit Quality Indicators [Table Text Block]

	*As of September 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	$	19,220	$	22,310	$	17,575	$	18,295	$	44,242	$	3,410	$	—		125,052
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total 1-4 family residential		19,220		22,310		17,575		18,295		44,242		3,410		—		125,052
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Multi-family
Pass		517		—		—		232		2,790		—		—		3,539
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total multi-family		517		—		—		232		2,790		—		—		3,539
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Commercial
Pass		83		179		—		97		3,171		622		—		4,152
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total commercial		83		179		—		97		3,171		622		—		4,152
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Construction
Pass		999		381		—		—		—		—		—		1,380
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total construction		999		381		—		—		—		—		—		1,380
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Consumer
Pass		106		84		64		20		1		—		—		275
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Total consumer		106		84		64		20		1		—		—		275
Current year-to-date gross write-offs		—		—		—		—		—		—		—		—
Total	$	20,925	$	22,954	$	17,639	$	18,644	$	50,204	$	4,032	$	—	$	134,398

	*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)
September 30, 2024
1-4 family residential	$	99	$	264	$	—	$	363	$	124,689	$	125,052
Multi-family		—		—		—		—		3,539		3,539
Commercial		—		—		—		—		4,152		4,152
Construction		—		—		—		—		1,380		1,380
Consumer		—		—		—		—		275		275
Total	$	99	$	264	$	—	$	363	$	134,035	$	134,398

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]

	*September 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