NSTS Bancorp Inc

NASDAQ:NSTS

NSTS Bancorp, Inc. operates as a savings and loan holding company. The company is headquartered in Waukegan, Illinois and currently employs 35 full-time employees. The company went IPO on 2022-01-19. The Bank operates its business through its subsidiary, North Shore Trust and Savings. The Bank is a federally-chartered stock savings institution. Its primary business activity include 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 to a lesser extent home equity loans and lines of credit, construction loans, and other consumer loans in the market areas. The firm offers a variety of deposit products through its office and branches. The company also invest in investment securities. Its primary sources of funds are deposits, and principal and interest payments on loans and securities. The Bank operates primarily in the northern suburbs of Chicago, Illinois.