{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-035240","form_type":"8-K","ticker":"NSTS","cik":"0001881592","company_name":"NSTS Bancorp, Inc.","filed_at":"2023-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.272928+00:00","generated_at":"2026-06-07T08:21:23.358315+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NSTS Bancorp sells $30.5M in AFS securities, expects $1.8M after-tax loss","bullets":["Sold $30.5M in lower-yielding AFS securities (avg yield 2.83%, duration 2.75 yrs); after-tax loss ~$1.8M.","Proceeds used to repay $10M debt at 5.31%; remainder re-deployed into cash/short-term Treasuries yielding >5%.","Expects additional $1.1M valuation allowance on deferred tax asset in Q4 2023 due to cumulative taxable losses.","Company remains well-capitalized; tangible common equity ratio >10%; unused $64.3M FHLB line of credit.","Repositioning expected to improve earnings starting fiscal 2024; impact on book value per share neutral."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-035240","json":"https://secwatch.observer/filing/0001437749-23-035240.json","markdown":"https://secwatch.observer/filing/0001437749-23-035240.md","text":"https://secwatch.observer/filing/0001437749-23-035240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881592/000143774923035240/0001437749-23-035240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881592/000143774923035240/nsts20231222_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T08:21:23.358315+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}