NEW YORK, March 10, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX:OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced 1895 Bancorp of Wisconsin, Inc. (OTCQX:BCOW), the holding company for PyraMax Bank, has qualified to trade on the OTCQX® Best Market. 1895 Bancorp of Wisconsin, Inc. previously traded on NASDAQ. 1895 Bancorp of Wisconsin, Inc. begins trading today on OTCQX under the symbol "BCOW." U.S. investors can find current financial disclo ...

GREENFIELD, Wis., Feb. 18, 2025 /PRNewswire/ -- 1895 Bancorp of Wisconsin, Inc. (the "Company") (Nasdaq: BCOW), the holding company for PyraMax Bank, FSB (the "Bank"), today announced that it has hired Keefe, Bruyette & Woods, Inc., a Stifel Company ("KBW"), as financial advisor to assist the Company in evaluating strategic alternatives. The Company also announced that it will delist its common stock from the Nasdaq Stock Market ("Nasdaq") and deregister its common stock under the Securities Exchange Act of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-40609 1895 Bancorp of Wisconsin, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 61-19933 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-40609 1895 Bancorp of Wisconsin, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 61-1993378 (S ...

Financial Position - Total assets increased by $6.6 million, or 1.2%, to $564.2 million at March 31, 2024, from $557.6 million at December 31, 2023[89] - Cash and cash equivalents rose by $9.7 million, or 72.9%, to $23.0 million at March 31, 2024, primarily due to a $9.0 million increase in FHLB advances[89] - Available-for-sale securities decreased by $3.2 million, or 2.9%, to $106.4 million at March 31, 2024, attributed to maturities and a $750,000 increase in net unrealized loss[89] - Loans held for investment decreased by $1.5 million, or 0.4%, to $397.1 million at March 31, 2024, mainly due to a $4.5 million decrease in commercial loans[91] - Deposits decreased by $4.4 million, or 1.1%, to $399.3 million at March 31, 2024, with significant declines in noninterest-bearing checking accounts and money market accounts[92] - FHLB advances increased by $9.0 million, or 12.7%, to $80.0 million at March 31, 2024, to fund anticipated cash outflows[92] - Total stockholders' equity decreased by $1.3 million to $71.5 million at March 31, 2024, primarily due to an other comprehensive loss of $592,000[92] Income and Expenses - Net interest income for the three months ended March 31, 2024, was $3.063 million, compared to $3.235 million for the same period in 2023[93] - The interest rate spread decreased to 1.73% for the three months ended March 31, 2024, down from 2.23% in the same period of 2023[93] - The company recorded a net loss of $306,000 for Q1 2024, an improvement from a net loss of $361,000 in Q1 2023, primarily due to a $144,000 decrease in noninterest expenses and a $134,000 increase in noninterest income[96] - Interest and dividend income increased by $1.3 million, or 27.7%, to $6.0 million in Q1 2024, driven by a $1.0 million increase in interest and fees on loans and a $438,000 increase in interest income on securities[96] - Interest expense surged by $1.5 million, or 100.0%, to $3.0 million in Q1 2024, mainly due to a $1.4 million increase in interest expense on deposits[97] - Net interest income decreased by $172,000, or 5.3%, to $3.1 million in Q1 2024, attributed to a $1.5 million rise in interest expense[97] - Noninterest income rose by $134,000 to $904,000 in Q1 2024, primarily due to a $117,000 increase in unrealized gains on marketable equity securities[97] - Noninterest expense decreased by $144,000, or 3.2%, to $4.3 million in Q1 2024, largely due to a $328,000 reduction in salaries and benefits expense[97] - The provision for credit losses remained stable at $75,000 for both Q1 2024 and Q1 2023, reflecting an increase in unfunded loan commitments[97] Capital and Liquidity - As of March 31, 2024, the company had a Tier 1 leverage capital level of $63.1 million, representing 11.2% of adjusted total assets, exceeding the well-capitalized requirement of 5.0%[104] - The total risk-based capital was $67.8 million, or 15.9% of risk-weighted assets, above the well-capitalized requirement of 10.0%[104] - The company experienced a net cash used in operating activities of $398,000 for the three months ended March 31, 2024, compared to $1.1 million for the same period in 2023[103] - Net cash provided by financing activities was $6.7 million for the three months ended March 31, 2024, compared to $7.6 million for the same period in 2023[103] - The company had $80.0 million outstanding in advances from the FHLB as of March 31, 2024[102] - At March 31, 2024, the company had $93.2 million in additional borrowing capacity at the Federal Home Loan Bank of Chicago[102] - The company had a $12.0 million federal funds line of credit with BMO Harris Bank, none of which was drawn as of March 31, 2024[102] - The company had not drawn on the $11.5 million line of credit at the Federal Reserve as of March 31, 2024[102] - The company is committed to maintaining a strong liquidity position and anticipates sufficient funds to meet current funding commitments[102] Interest Rate Sensitivity - As of March 31, 2024, a 100-basis point increase in interest rates would result in a 1.28% decrease in the company's economic value of equity (EVE)[99] - The company reported a 2.15% decrease in EVE with a 200-basis point decrease in interest rates, while a 100-basis point increase would result in a 1.28% decrease in EVE[102] - The company's net interest rate spread decreased by 50 basis points to 1.73% in Q1 2024, while the net interest margin decreased by 27 basis points to 2.37%[97]

| --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------- ...

Financial Performance - The company recorded a net loss of $3.6 million for the three months ended September 30, 2023, compared to a net income of $124,000 for the same period in 2022[105]. - The company recorded a net loss of $4.5 million for the nine months ended September 30, 2023, compared to a net loss of $172,000 for the same period in 2022[106]. - Net interest income for the three months ended September 30, 2023, was $2,952 thousand, a decrease from $3,917 thousand in the same period of 2022[99]. - The company reported a net interest income of $9,253 thousand for the nine months ended September 30, 2023, down from $10,760 thousand in the same period of 2022[100]. - Noninterest income decreased by $1.9 million, from $479,000 for the three months ended September 30, 2022, to a net loss of $1.4 million for the same period in 2023[105]. - Noninterest income fell by $680,000, or 69.0%, to $306,000 for the nine months ended September 30, 2023, largely due to a $1.9 million loss on the sale of available-for-sale securities[108]. Asset and Liability Management - Total assets increased by $11.6 million, or 2.1%, to $554.6 million at September 30, 2023, from $543.0 million at December 31, 2022[95]. - Total stockholders' equity decreased by $5.2 million to $70.2 million at September 30, 2023, primarily due to a net loss of $4.5 million for the nine months ended September 30, 2023[97]. - The average outstanding balance of loans was $384,328 thousand in Q3 2023, compared to $352,651 thousand in Q3 2022, reflecting a growth of 8.95%[99]. - The average outstanding loans increased by $35.2 million, or 10.3%, from $340.6 million for the nine months ended September 30, 2022, to $375.8 million for the same period in 2023[107]. - The company had a Tier 1 leverage capital level of $62.2 million, or 11.1% of adjusted total assets, exceeding the well-capitalized required level of $28.1 million[116]. - Total risk-based capital was $66.7 million, or 16.1% of risk-weighted assets, above the well-capitalized requirement of $41.4 million[116]. Interest Income and Expense - Interest and dividend income increased by $1.1 million, or 25.6%, to $5.4 million for the three months ended September 30, 2023, from $4.3 million in the same period of 2022[105]. - Interest and dividend income increased by $3.2 million, or 26.9%, to $15.1 million for the nine months ended September 30, 2023, driven by a $2.6 million increase in interest and fees on loans[107]. - Interest expense increased by $2.0 million, or 502.5%, to $2.4 million for the three months ended September 30, 2023, from $398,000 in the same period of 2022[105]. - Interest expense surged by $4.7 million, or 427.3%, to $5.8 million for the nine months ended September 30, 2023, primarily due to a $3.6 million increase in interest expense on deposits[108]. - Net interest income decreased by $965,000, or 24.7%, to $3.0 million for the three months ended September 30, 2023, from $3.9 million in the same period of 2022[105]. - Net interest income decreased by $1.5 million, or 13.9%, to $9.3 million for the nine months ended September 30, 2023, due to increased interest expenses[108]. Loan and Deposit Activity - Loans held for investment increased by $23.5 million, or 6.5%, to $386.3 million at September 30, 2023, primarily due to a $10.8 million increase in commercial real estate loans[96]. - Deposits decreased by $748,000, or 0.2%, to $387.0 million at September 30, 2023, with significant decreases in money market accounts and noninterest bearing checking accounts[97]. - The average balance of noninterest-bearing checking accounts decreased by $33.1 million, or 16.6%, from Q3 2022 to Q3 2023[105]. - The average balance of certificates of deposit increased by $54.9 million, or 68.5%, from Q3 2022 to Q3 2023[105]. Market and Economic Conditions - As of September 30, 2023, a 400 basis point increase in interest rates would result in a decrease of $20,034 thousand (28.92%) in the estimated Economic Value of Equity (EVE)[115]. - A 200 basis point increase in interest rates would lead to a 14.36% decrease in EVE, equating to a reduction of $9,947 thousand[115]. - A 100 basis point decrease in interest rates would result in a 5.84% increase in EVE, amounting to an increase of $4,047 thousand[115]. Strategic Initiatives - The Company completed a balance sheet repositioning strategy, selling $21.4 million in lower-yielding U.S. Treasury securities and redeploying proceeds into higher-yielding mortgage-backed securities[96]. - The company executed a balance sheet repositioning strategy, resulting in a $1.9 million loss on the sale of securities, which is expected to be recouped within approximately two years[105]. - The company aims to manage interest rate risk by increasing reliance on core deposits, which are less sensitive to interest rate changes[110]. - The strategy includes originating commercial loans with shorter terms and higher interest rates to enhance customer relationships[110]. - The company anticipates sufficient funds to meet current funding commitments based on its strategy to increase core deposits[116]. Operational Efficiency - Noninterest expense increased by $963,000, or 8.1%, to $12.8 million for the first nine months of 2023, primarily due to a $1.2 million increase in the market value of mutual funds held in the deferred compensation plan[108]. - The company implemented a reduction-in-force (RIF) in April 2023, resulting in the termination of five employees and a projected $1.8 million reduction in annual salaries and benefits expense[108]. - The company reported a net cash used in operating activities of $324,000 for the nine months ended September 30, 2023, compared to a net cash provided of $1.8 million for the same period in 2022[116]. - Net cash used in investing activities was $16.4 million for the nine months ended September 30, 2023, compared to $54.5 million for the same period in 2022[116].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File No. 001-40609 1895 Bancorp of Wisconsin, Inc. (Exact Name of Registrant as Specified in Its Charter) Maryland 61-1993378 (S ...

Financial Position - Total assets increased by $8.6 million, or 1.6%, to $551.6 million at March 31, 2023, from $543.0 million at December 31, 2022, primarily due to a $7.9 million net increase in loans[114] - Loans held for investment increased by $7.6 million, or 2.1%, to $370.4 million at March 31, 2023, with commercial real estate loans growing by $4.1 million to $215.0 million[114] - Deposits decreased by $15.7 million, or 4.0%, to $372.0 million at March 31, 2023, attributed to a $9.1 million decrease in money market accounts and a $7.9 million decrease in noninterest-bearing checking accounts[114] - FHLB advances increased by $20.5 million, or 28.7%, to $92.0 million at March 31, 2023, used to partially fund outgoing cash flows from the decrease in deposits and the increase in net loans[116] - The allowance for credit losses increased to $4.4 million at March 31, 2023, with the allowance for loans at $3.7 million, or 1.00% of loans, net of deferred costs[115] - Total stockholders' equity increased by $0.5 million to $75.9 million at March 31, 2023, primarily due to a $2.2 million decrease in net unrealized losses on available-for-sale securities[118] - Cash and cash equivalents increased by $0.7 million, or 2.5%, to $29.0 million at March 31, 2023, driven by $64.5 million of additional FHLB advances[114] - Advance payments by borrowers for taxes and insurance increased by $3.0 million to $4.0 million at March 31, 2023, due to normal seasonal activity[114] - The net unrealized loss on available-for-sale securities was $13.5 million at March 31, 2023, reflecting changes in market interest rates[115] Income and Expenses - The company recorded a net loss of $361,000 for Q1 2023, compared to a net loss of $55,000 in Q1 2022[124] - Interest and dividend income increased by $826,000, or 21.2%, to $4.7 million in Q1 2023 from $3.9 million in Q1 2022[124] - The average amount of loans outstanding increased by $34.5 million, from $329.8 million in Q1 2022 to $364.3 million in Q1 2023[124] - The yield on loans increased by 21 basis points, from 4.05% in Q1 2022 to 4.26% in Q1 2023[124] - Interest expense rose by $1.1 million, or 322.6%, to $1.5 million in Q1 2023 from $341,000 in Q1 2022[124] - Net interest income decreased by $310,000, or 8.9%, to $3.2 million in Q1 2023 from $3.5 million in Q1 2022[125] - The provision for credit losses was $75,000 for Q1 2023, compared to $105,000 in Q1 2022[125] - The net interest rate spread decreased by 48 basis points to 2.23% in Q1 2023 from 2.71% in Q1 2022[125] - Noninterest income increased by $379,000, or 96.9%, to $770,000 for Q1 2023, primarily due to a $430,000 increase in market value of equity securities[126] - Noninterest expense rose by $496,000, or 12.7%, to $4.4 million for Q1 2023, mainly driven by a $628,000 increase in salaries and benefits[126] - The net gain on the sale of loans decreased by $4.3 million, from $6.8 million in Q1 2022 to $2.5 million in Q1 2023, attributed to the changing interest rate environment[126] - The company recorded an income tax benefit of $151,000 for Q1 2023, compared to $60,000 for Q1 2022, due to an increase in loss before taxes[126] Capital and Funding - As of March 31, 2023, the company had $92.0 million in advances from the FHLB and $71.2 million in additional borrowing capacity[137] - Total risk-based capital was $69.1 million, or 17.4% of risk-weighted assets, exceeding the well-capitalized requirement of $39.8 million[141] - The company anticipates sufficient funds to meet current funding commitments based on strategies to increase core deposits and utilize FHLB advances[140] Economic Factors - The estimated economic value of equity (EVE) would increase by 2.50% with a 200-basis point increase in interest rates as of March 31, 2023[132] - Increased operating costs are primarily driven by inflation, impacting the company's performance[143] - Interest rates have a more significant effect on the performance of financial institutions compared to inflation[143] Workforce and Operations - The company has reduced the number of full-time equivalent employees by 15 since March 2022 as part of cost-reduction measures[126] - The financial statements are prepared in accordance with generally accepted accounting principles in the United States, focusing on dollar measurements without adjusting for inflation effects[143]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number: 001-40609 1895 BANCORP OF WISCONSIN, INC. (Exact name of registrant as specified in its charter) Maryland 61-1993378 (St ...