Parent Company Only Financial Statements (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and December 31, 2021 and for the years then ended.

	December 31,
	2022		2021
Assets
Cash in bank subsidiary	$	12,218	$	17,846
Investment in subsidiary, at underlying equity		56,768		68,123
Loans receivable-ESOP		4,477		3,551
Other assets		2,237		1,694
TOTAL ASSETS		75,700		91,214
Liabilities and Stockholders' Equity
Due to subsidiary bank	$	1	$	—
Deferred compensation liability		301		301
Other liabilities		36		21
TOTAL LIABILITIES		338		322
Total stockholders' equity		75,362		90,892
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		75,700		91,214

	Years ended December 31,
	2022			2021
Interest and dividend income:
Loans-ESOP	$	144		$	74
Total interest and dividend income		144			74
Interest expense:
Total interest expense		—			—
Net interest income		144			74
Noninterest income	50				(18	)
Noninterest expense		1,972			1,887
Loss before income taxes		(1,778	)		(1,831	)
Income tax benefit		(490	)		(512	)
Loss before equity in undistributed earnings of bank		(1,288	)		(1,319	)
Equity in undistributed earnings of bank		1,140			1,404
Net (loss) income	$	(148	)	$	85

	Years ended December 31,
	2022			2021
Cash flows from operating activities
Net (loss) income	$	(148	)	$	85
Adjustments to reconcile net (loss) income to net cash from operating activities:
Equity in undistributed income of bank		(1,140	)		(1,404	)
Stock compensation expense		363			241
Deferred income tax (benefit) expense		(226	)		54
Changes in operating assets and liabilities:
Net increase in other assets		(316	)		(545	)
Net increase in other liabilities		16			120
Net cash used in operating activities		(1,451	)		(1,449	)
Cash flows from investing activities
Capital contribution to bank subsidiary		—			(16,000	)
Cash received in MHC merger		—			100
Principal payments received on ESOP loan receivable		137			170
Net cash provided by (used) in investing activities		137			(15,730	)
Cash flows from financing activities
Gross proceeds from stock offering		—			35,418
Stock offering costs		—			(1,988	)
Reimbursement of stock offering costs		2			—
Purchase of treasury stock		—			(151	)
Sale of treasury stock by Rabbi Trust		—			10
Repurchase of common stock for cancellation		(3,173	)		—
Stock options exercised		—			30
Purchases of ESOP shares		(1,062	)		(2,041	)
Retirement of common stock		(81	)		(69	)
Net cash (used in) provided by financing activities		(4,314	)		31,209
Net (decrease) in cash and cash equivalents		(5,628	)		14,030
Cash and cash equivalents at beginning of year		17,846			3,816
Cash and cash equivalents at end of year	$	12,218		$	17,846