NSTS Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 02:46 am IST
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NSTS Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 1.52 million compared to USD 1.5 million a year ago. Net loss was USD 0.232 million compared to net income of USD 0.118 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, net interest income was USD 4.73 million compared to USD 3.92 million a year ago. Net loss was USD 0.188 million compared to USD 0.012 million a year ago. Basic loss per share from continuing operations was USD 0.04.
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. 
