NSTS Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 12, 2023 at 01:46 am IST
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NSTS Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 1.58 million compared to USD 1.32 million a year ago. Net loss was USD 0.126 million compared to net income of USD 0.149 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.03 a year ago.
For the six months, net interest income was USD 3.22 million compared to USD 2.42 million a year ago. Net income was USD 0.044 million compared to net loss of USD 0.13 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.03 a year ago.
NSTS Bancorp, Inc. is the stock holding company of North Shore Trust and Savings (the Bank). The Bank is a federally chartered stock savings institution. Its primary business activity includes accepting deposits from the general public and using those funds to originate one to four family residential mortgage loans and purchase investments. The Bank's activities include originating loans for family residential properties, multi-family and non-owner occupied commercial real estate loans, and home equity loans and lines of credit, construction loans, and other consumer loans in the market areas. The Company offers a variety of deposit products consist of checking, both interest-bearing and noninterest-bearing, money market, savings, and time deposit accounts. Its primary sources of funds are deposits, and principal and interest payments on loans and securities. It operates two offices in Waukegan and Lindenhurst, Illinois and one loan production office in Chicago, Illinois.
NSTS BANCORP, INC. 
