NSTS Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 09:59 pm
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NSTS Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 1.32 million compared to USD 1.01 million a year ago. Net income was USD 0.149 million compared to USD 0.067 million a year ago. Basic earnings per share from continuing operations was USD 0.03.
For the six months, net interest income was USD 2.42 million compared to USD 2.08 million a year ago. Net loss was USD 0.13 million compared to USD 0.014 million a year ago. Basic loss per share from continuing operations was USD 0.03.
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. 
