NSTS maintains a highly conservative capital structure with an equity-to-assets ratio of 0.30, yet this liquidity buffer remains underutilized as the bank holds $44.4 million in cash and cash equivalents.
| Cash & Short Term Investments | 172.47M | 36.9M | 55.98M | 37.64M | 138.83M | 226.03M | 125.92M | 121.12M |
| Cash & Due from Banks | 44.39M | 35.29M | 54.98M | 33.38M | 17.62M | 125.08M | 44.3M | 52.55M |
| Short Term Investments | 5.07M | 1.61M | 1M | 4.26M | 121.2M | 100.95M | 81.62M | 68.57M |
| Total Investments | 206.12M | 211.81M | 202.82M | 203.14M | 224.56M | 197.59M | 182.05M | 166.97M |
| Investments Growth % | 4.83% | 4.43% | -0.16% | -9.54% | 13.65% | 8.54% | 9.03% | - |
| Long-Term Investments | 830.96M | 210.2M | 201.82M | 198.87M | 103.36M | 96.64M | 100.43M | 98.4M |
| Accounts Receivables | 918K | 925K | 870K | 758K | 852K | 641K | 672K | 636.32K |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 5.05M | 5.11M | 5.31M | 5.29M | 5.04M | 5.09M | 5.21M | 5.4M |
| Other Assets | 13.84M | 13.51M | 14.71M | 14.22M | 16.13M | 12.47M | 9.98M | 9.99M |
| Total Current Assets | 50.37M | 37.82M | 56.84M | 38.4M | 139.68M | 226.67M | 126.6M | 121.76M |
| Total Non-Current Assets | 219.95M | 228.83M | 221.84M | 218.37M | 124.53M | 114.2M | 115.62M | 113.79M |
| Total Assets | 270.32M | 266.65M | 278.69M | 256.78M | 264.21M | 340.87M | 242.22M | 235.55M |
| Asset Growth % | -4.38% | -4.32% | 8.53% | -2.81% | -22.49% | 40.73% | 2.83% | - |
| Return on Assets (ROA) | -0.04% | -0.14% | -0.29% | -1.52% | 0.01% | -0.02% | -0.05% | 0.18% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 28.43M | 27.59M | 31.83M | 32.77M | 31.64M | 122.02M | 30.1M | 20.05M |
| Net Debt | -15.95M | -7.69M | -23.15M | -609K | 14.01M | -3.06M | -14.21M | -32.5M |
| Long-Term Debt | 28.43M | 27.59M | 31.83M | 32.77M | 31.64M | 122.02M | 30.1M | 20.05M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 3.81M | 3.6M | 5.3M | 4.02M | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 158.1M | 155.48M | 165.07M | 142.44M | 152.03M | 173.66M | 165.4M | 169.73M |
| Total Non-Current Liabilities | 32.24M | 31.2M | 37.13M | 36.79M | 31.64M | 122.02M | 30.1M | 20.05M |
| Total Liabilities | 190.34M | 186.67M | 202.2M | 179.23M | 183.66M | 295.69M | 195.49M | 189.78M |
| Total Equity | 79.97M | 79.97M | 76.49M | 77.55M | 80.54M | 45.18M | 46.73M | 45.76M |
| Equity Growth % | 10.18% | 4.55% | -1.36% | -3.72% | 78.26% | -3.3% | 2.1% | - |
| Equity / Assets (Capital Ratio) | 29.59% | 29.99% | 27.45% | 30.2% | 30.48% | 13.26% | 19.29% | 19.43% |
| Return on Equity (ROE) | -0.12% | -0.49% | -1.02% | -5.01% | 0.04% | -0.12% | -0.24% | 0.9% |
| Book Value per Share | 16.26 | 16.36 | 15.57 | 15.50 | 17.03 | 8.37 | 8.66 | 8.48 |
| Tangible BV per Share | 16.26 | 16.36 | 15.57 | 15.50 | 17.03 | 8.37 | 8.66 | 8.48 |
| Common Stock | 56K | 56K | 56K | 56K | 54K | 0 | 0 | 0 |
| Additional Paid-in Capital | 52.53M | 52.35M | 51.68M | 50.92M | 50.42M | 0 | 0 | 0 |
| Retained Earnings | 39.84M | 39.88M | 40.27M | 41.05M | 45.29M | 45.26M | 45.32M | 45.43M |
| Accumulated OCI | -5.96M | -5.76M | -8.61M | -8.22M | -11.13M | -81K | 1.41M | 333.19K |
| Treasury Stock | -3.09M | -3.09M | -3.24M | -2.38M | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent Operating Margin Deficit
According to recent financial statements, NSTS has maintained a relatively static asset base of $270.3 million as of 2026Q1, with a heavy reliance on a $206.1 million securities portfolio rather than organic loan growth, suggesting a cautious approach to balance sheet expansion in the current environment.
The bank's asset composition remains heavily skewed toward investment securities, which limits the potential for yield enhancement through traditional lending. This lack of loan growth suggests that the institution is struggling to find attractive, risk-adjusted opportunities within its Lake County footprint.
As reported in quarterly filings, NSTS maintains a robust equity-to-assets ratio of 0.30 as of 2026Q1, which provides a significant solvency buffer but also indicates that the bank is currently under-leveraging its capital base to generate meaningful returns for shareholders.
While the high capital ratio offers protection against credit volatility, it also highlights the bank's inability to deploy capital effectively into higher-yielding assets. Investors should monitor whether this capital cushion remains a defensive asset or becomes a drag on long-term return on equity.
Based on the 2026Q1 balance sheet, the bank holds $44.4 million in cash and cash equivalents, representing a substantial portion of total assets that remains largely uninvested in core lending activities, which may indicate a lack of demand or a conservative liquidity management strategy.
The elevated cash position provides immediate liquidity but acts as a headwind to net interest margin expansion. This liquidity profile suggests that the bank is prioritizing capital preservation over the active deployment of funds into the local mortgage market.
Data from the past ten quarters indicates that NSTS remains trapped in a low-growth, low-profitability cycle, with the bank's equity-to-assets ratio consistently hovering around 0.30, which may suggest that the institution is currently too well-capitalized to be forced into a strategic consolidation despite its operational losses.
The persistent gap between the bank's high capital levels and its inability to generate positive operating margins warrants further investigation into the long-term viability of its current business model. Without a clear path to scaling, the bank risks a slow erosion of tangible book value.
Quick answers to the most common questions about buying NSTS stock.
As of 2025, NSTS Bancorp, Inc. (NSTS) had total assets of $266.6M including $37.8M in current assets.
NSTS Bancorp, Inc. (NSTS) carries total debt of $27.6M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
NSTS Bancorp, Inc. (NSTS) has total shareholders' equity (book value) of $80.0M ($16.36 book value per share). Book value represents the net worth of the company belonging to common stock holders.
NSTS Bancorp, Inc. (NSTS) reported a current ratio of 0.24x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.