Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2023

Condensed Financial Information Disclosure [Abstract]

Summary of Condensed Financial Statements of Parent Holding Company

The following condensed financial statements summarize the financial position, results of operations and cash flows for the parent holding company, 1895 Bancorp of Wisconsin, Inc. as of December 31, 2023 and December 31, 2022 and for the years then ended.

	December 31,
	2023		2022
Assets
Cash in bank subsidiary	$	7,961	$	12,218
Investment in subsidiary, at underlying equity		59,030		56,768
Loans receivable-ESOP		4,343		4,477
Other assets		1,805		2,237
TOTAL ASSETS		73,139		75,700
Liabilities and Stockholders' Equity
Due to subsidiary bank	$	—	$	1
Deferred compensation liability		295		301
Other liabilities		83		36
TOTAL LIABILITIES		378		338
Total stockholders' equity		72,761		75,362
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		73,139		75,700

	Years ended December 31,
	2023			2022
Interest and dividend income:
Loans-ESOP	$	146		$	144
Total interest and dividend income		146			144
Interest expense:
Total interest expense		—			—
Net interest income		146			144
Noninterest income	129				50
Noninterest expense		2,207			1,972
Loss before income taxes		(1,932	)		(1,778	)
Income tax benefit		(160	)		(490	)
Loss before equity in undistributed earnings of bank		(1,772	)		(1,288	)
Equity in undistributed earnings of bank		(5,020	)		1,140
Net loss	$	(6,792	)	$	(148	)

	Years ended December 31,
	2023			2022
Cash flows from operating activities
Net loss	$	(6,792	)	$	(148	)
Adjustments to reconcile net loss to net cash from operating activities:
Equity in undistributed loss (income) of bank		5,020			(1,140	)
Gain on sale of other real estate		(110	)		—
Stock compensation expense		678			363
Deferred income tax benefit		(160	)		(226	)
Changes in operating assets and liabilities:
Net change in other assets		2			(316	)
Net change in other liabilities		46			16
Net cash used in operating activities		(1,316	)		(1,451	)
Cash flows from investing activities
Capital contribution to bank subsidiary		(3,000	)		—
Proceeds from sale of other real estate owned		699
Principal payments received on ESOP loan receivable		134			137
Net cash (used in) provided by investing activities		(2,167	)		137
Cash flows from financing activities
Reimbursement of stock offering costs		—			2
Repurchase of common stock for cancellation		(702	)		(3,173	)
Stock options exercised		19			—
Purchases of ESOP shares		—			(1,062	)
Retirement of common stock		(91	)		(81	)
Net cash (used in) provided by financing activities		(774	)		(4,314	)
Net decrease in cash and cash equivalents		(4,257	)		(5,628	)
Cash and cash equivalents at beginning of year		12,218			17,846
Cash and cash equivalents at end of year	$	7,961		$	12,218