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Consolidated Statements of Cash flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 521 $ 287
Adjustments to reconcile net income to net cash from operating activities:    
Net amortization of investment securities 49 68
Depreciation 167 167
Net loss on sale of premises and equipment 0 33
Change in fair value of marketable equity securities (154) 324
Adjustment to mortgage servicing rights valuation (369) 324
Net gain on sale of available for sale securities (12) (7)
Stock compensation expense 58 0
Provision for deferred income tax 161 186
Originations of mortgage loans held for sale (40,153) (27,365)
Proceeds from sales of mortgage loans held for sale 40,376 27,580
Net gain on sale of mortgage loans held for sale (567) (654)
ESOP compensation 21 18
Net change in cash value of life insurance (100) (99)
Changes in operating assets and liabilities:    
Mortgage servicing rights 28 236
Accrued interest receivable and other assets (818) (566)
Accrued interest payable and other liabilities (316) (1,462)
Net cash used in operating activities (1,108) (1,254)
Cash Flows From Investing Activities    
Proceeds from sales of available for sale securities 1,018 279
Maturities, prepayments, and calls of available for sale securities 2,052 3,961
Purchases of available for sale securities (13,158) 0
Net decrease in loans 1,508 7,582
Net capital expenditures for premises and equipment (26) (135)
Net increase in Federal Home Loan Bank stock 0 (1,590)
Net cash (used in) provided by investing activities (8,606) 10,097
Cash Flows From Financing Activities    
Net decrease in deposits (2,190) (20,374)
Net increase in advance payments by borrowers for taxes and insurance 3,360 3,741
Proceeds from issuance of Federal Home Loan Bank advances 0 38,000
Principal payments on Federal Home Loan Bank advances (486) (9)
Purchases of treasury stock (15) 0
Net cash provided by financing activities 669 21,358
Net (decrease) increase in cash and cash equivalents (9,045) 30,201
Cash and cash equivalents at beginning of period 92,526 11,707
Cash and cash equivalents at end of period 83,481 41,908
Supplemental cash flow information:    
Cash paid during the year for interest 496 952
Noncash activities:    
Loans transferred to loans held for sale 0 124
Issuance of treasury stock – stock compensation plans 15 0
1895 Bancorp of Wisconsin, Inc. common stock held by PyraMax Bank reclassified to treasury stock $ 0 $ 175