NSTS Bancorp, Inc.
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Social Achievements
- Maintained a positive employee relationship with no collective bargaining groups; promoted two employees to President and CFO; prioritized employee safety and well-being during the COVID-19 pandemic by encouraging work-life balance and flexible work schedules.
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impact on employees, customers, and communities; low interest rate environment affecting net interest income; potential for increased noninterest expenses due to operating as a newly public company and planned expansion.
Mitigation Strategies
- Administered loan payment modification requests on a case-by-case basis under the CARES Act; invested available cash in higher-yielding securities available for sale; proactively monitored and managed asset quality; implemented cost-saving measures.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Established the Employee Stock Ownership Plan (ESOP) for its employees.