NSTS Bancorp, Inc.
ir.northshoretrust.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2026 10-Q, filed Aug 13, 2026. Its latest SEC filing is a 15-12G from Oct 13, 2026.
10-Q for Q2 FY2026, filed Aug 13, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Takes deposits and makes home, commercial-property and consumer loans for households and businesses in Lake County and nearby communities.
10-K for FY2025, filed Mar 27, 2026North Shore Trust and Savings, a federally-chartered stock savings institution, was established in 1921 as North Shore Building and Loan…View ↗
North Shore Trust and Savings is primarily engaged in attracting deposits from the general public and using those funds to invest in loans…View ↗
General. As of December 31, 2025, our net loan portfolio totaled $128.6 million or 48.2% of total assets. Our principal lending activity…View ↗
How Did They Make Money?
Earns interest on customer loans and investment securities, gains from selling mortgage loans, and fees from loan originations, deposit accounts and other services.
10-K for FY2025, filed Mar 27, 2026North Shore Trust and Savings is primarily engaged in attracting deposits from the general public and using those funds to invest in loans…View ↗
$252K
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10-K for FY2025, filed Mar 27, 2026
$252K ↗
Who Were Their Customers?
The bank serves depositors and borrowers in Lake County and nearby communities through branches and loan offices. Home and consumer applications can be submitted at a branch or online; other loan applications typically go through loan officers.
10-K for FY2025, filed Mar 27, 2026North Shore Trust and Savings, a federally-chartered stock savings institution, was established in 1921 as North Shore Building and Loan…View ↗
Our business strategy is to continually enhance our products and services with a focus on one- to four- family residential first mortgage…View ↗
Loan Originations, Participations and Sales. Our lending activities are subject to underwriting standards and loan origination procedures…View ↗
Did Revenues Turn Into Profits?
Not on paper. It lost $386K in FY2025, but brought in more cash than it spent: $3.9M of free cash flow.
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$204KView ↗
- ▼ −21% (Loss)
- vs −$258K in Q2 FY2025
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Jun 4, 2026
The Bank divested Oak Leaf Community Mortgage to a mortgage lender
It transferred certain assets, leases, vendor contracts, trademark rights and technology assets; most OLCM employees joined the lender.
Sources
8-K, filed Jun 4, 2026
Effective June 1, 2026, the Bank divested OLCM by transferring certain assets utilized by OLCM, including certain real estate leases, third…View ↗
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May 12, 2026
NSTS agreed to merge with Brookfield Bancshares
The agreement would make the Bank a Brookfield subsidiary under its existing name and charter, subject to required approvals and stockholder approval.
Sources
8-K, filed May 12, 2026
On May 12, 2026, Brookfield Bancshares, Inc. (“Parent”), a Delaware corporation and registered bank holding company under the Bank Holding…View ↗
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Apr 9, 2026
Bank CEO Nathan Walker died; Stephen Lear was appointed to lead the Bank
Lear is NSTS's chairman and CEO; Walker had led the Bank since 2022.
Sources
8-K, filed Apr 9, 2026
On April 9, 2026, Stephen G. Lear, President and Chief Executive Officer of the Company, was appointed Chief Executive Officer and…View ↗
Shrank. Revenue fell 13% in 4 years, from $289K in FY2021 to $252K in FY2025, about 3% a year.
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