NSTS Bancorp, Inc. reported a net loss of $39,000 for the first quarter of 2026, a significant improvement compared to a net loss of $328,000 in the same period of 2025. The company's total interest income for the quarter was $2.585 million, down from $2.750 million year-over-year, while net interest income increased slightly to $1.857 million from $1.831 million. The increase in net interest income was attributed to a higher interest rate spread, which rose to 2.42% from 2.23%, and a net interest margin that improved to 2.98% from 2.82%. The company also recorded a reversal of provision for credit losses of $26,000, compared to a reversal of $37,000 in the prior year.
Total assets for NSTS Bancorp increased to $270.3 million as of March 31, 2026, up from $266.6 million at the end of 2025. This growth was primarily driven by an increase in cash and cash equivalents, which rose to $43.4 million from $34.0 million, reflecting a rise in total deposits to $183.9 million from $181.5 million. The company’s loans held for sale decreased to $1.8 million from $4.5 million, while net loans decreased slightly to $127.6 million from $128.6 million. The allowance for credit losses on loans stood at $1.1 million, representing 0.85% of total loans.
In terms of operational developments, NSTS Bancorp has been focusing on expanding its loan origination capabilities, particularly in the greater Chicagoland area. The company operates three loan production offices in Chicago, Aurora, and Plainfield, Illinois, and has seen an increase in the gain on the sale of mortgage loans, which rose to $475,000 from $189,000 year-over-year. This increase was attributed to a higher volume of loans originated for sale, with 63 loans sold totaling $23.2 million in the first quarter of 2026.
Looking ahead, NSTS Bancorp is navigating a challenging economic environment characterized by fluctuating interest rates and market conditions. The company is committed to maintaining a strong liquidity position and has the capacity to borrow approximately $74.5 million from the Federal Home Loan Bank of Chicago. Additionally, NSTS Bancorp is in the process of merging with Brookfield Bancshares, Inc., which is expected to close in the fourth quarter of 2026, subject to regulatory approvals and other conditions. This merger is anticipated to enhance the company's operational capabilities and market presence.
About NSTS Bancorp, Inc.
NSTS Bancorp, Inc. is a Delaware-based holding company for North Shore Trust and Savings, a community-focused savings bank serving Illinois and Wisconsin. It originates residential, multi-family, and commercial real estate loans, primarily in its local markets. The company generates income from loans, securities, and deposit services, maintaining asset quality and regulatory compliance while offering deposit products and investment securities to support its banking operations.
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