NSTS Bancorp, Inc. reported its financial results for the third quarter and the first nine months of 2025, revealing a net income of $65,000 for the quarter, a significant improvement from a net loss of $171,000 in the same period last year. For the nine months ended September 30, 2025, the company recorded a net loss of $521,000, compared to a loss of $743,000 for the same period in 2024. The increase in income was attributed to higher interest and noninterest income, alongside a reversal of provision for credit losses, although these gains were partially offset by rising interest and noninterest expenses.
Total assets decreased to $269.8 million as of September 30, 2025, down from $278.7 million at the end of 2024. This decline was primarily driven by a reduction in cash and cash equivalents, which fell to $34.1 million from $53.5 million, largely due to the repayment of a $5 million advance from the Federal Home Loan Bank (FHLB) in June 2025. The company also saw an increase in securities available for sale, which rose to $79.6 million, up from $71.2 million, reflecting strategic purchases made during the period.
In terms of operational metrics, NSTS Bancorp's net interest income for the third quarter increased to $1.9 million, up from $1.8 million a year earlier, with an interest rate spread of 2.48% compared to 2.39% in the prior year. The average yield on loans rose to 5.68%, driven by higher market rates and increased demand for specialty loan products. The company’s total deposits decreased to $186.1 million, down from $190.2 million, influenced by shifts in customer account balances, particularly in savings and money market accounts.
The company has also made strategic moves to enhance its market presence, including the hiring of additional mortgage loan originators to boost loan production. As of September 30, 2025, the allowance for credit losses on loans stood at $1.3 million, reflecting a stable credit quality in the loan portfolio. Looking ahead, NSTS Bancorp aims to maintain its liquidity position while actively monitoring market conditions and adjusting its strategies to meet future loan demand and operational needs. The company remains well-capitalized under regulatory standards, with a Tier 1 capital ratio of 24.11%.
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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