1895 Bancorp of Wisconsin Inc 2026年三季度报告

1895 Bancorp of Wisconsin, Inc. Announces Second Quarter 2026 Financial Results Greenfield, WI, August 4, 2026 – 1895 Bancorp of Wisconsin, Inc. (OTCQX: BCOW) (the “Company”), theparent company of PyraMax Bank, FSB (the “Bank”), today announced its financial results for the quarter andsix months ended June 30, 2026. Selected Financial Highlights Operating Results for the Quarter and Six Months Ended June 30, 2026 Net loss for the quarter ended June 30, 2026, was $384,000 compared to net income of $423,000 for thequarter ended June 30, 2025. The net loss was primarily due to an increase in professional fees related tothe merger transaction with North Shore Bank, which was announced on June 18, 2026. During thesecond quarter professional fees were $887,000 as compared to $200,000 in the second quarter of 2025.In addition, salary and employee benefits increased $369,000 primarily due to a $239,000 increase indeferred compensation expense. This increase was primarily due to the increase in the value of BCOWstock held in the deferred compensation plan, which significantly increased upon the mergerannouncement. These expense increases were partially offset by a $299,000 increase in net interestincome. During the second quarter of 2025, the Company also recorded $177,000 in net gain on sale ofsecurities. Net interest margin for the second quarter of 2026 was 2.87% as compared to 2.69% for thesecond quarter of 2025. Diluted loss per share for the second quarter of 2026 was $0.08 compared todiluted earnings per share of $0.08 for the second quarter of 2025. Net loss for the six months ended June 30, 2026, was $14,000 compared to net income of $279,000 forthe six months ended June 30, 2025. The decrease was primarily due to an increase in professional feesrelated to the merger transaction with North Shore Bank. During the period, professional fees were $1.2million as compared to $724,000 in the prior period. In addition, salary and employee benefits increased$362,000, a significant portion of which was due to a $198,000 increase in deferred compensationexpense. This increase was primarily due to the increase in the value of BCOW stock held in thedeferred compensation plan, which significantly increased upon announcement of the merger. Thesedecreases were partially offset by a $536,000 increase in net interest income. During the six monthperiod ended June 30, 2025, the Company also recorded $177,000 in net gain on sale of securities. Netinterest margin for the first six months of 2026 was 2.81% as compared to 2.67% for the first six months of 2025. Diluted loss per share for the six months ended June 30, 2026, was $0.00 compared to dilutedearnings per share of $0.05 for the same period in 2025. Comparison of Financial Condition at June 30, 2026, and December 31, 2025 Total loans decreased $26.2 million, or 5.9%, to $418.8 million at June 30, 2026, from $445.0 million atDecember 31, 2025. The decrease in loans was primarily driven bypayoffs on a limited number of largeloan relationships, including the payoff of $13.2 million in purchased loan participations during thequarter. Commercial real estate loans decreased $27.5 million, which was partially offset by a $2.4million increase in first mortgage residential real estate loans. The allowance for credit losses was $4.5million, or 1.07% of total loans, as of June 30, 2026, compared to $4.9 million, or 1.11% of total loans,as of December 31, 2025.Cash and equivalents increased $24.0 million, or 115.4%, from $20.8 million at December 31, 2025, to$44.8 million at June 30, 2026. The increase was primarily due to a $26.2 million decrease in loans,$12.0 million in principal payments on available-for-sale securities and a $7.5 million increase inadvance payments by borrowers for taxes and insurance, partially offset by $4.9 million in securitiespurchases, a $5.8 million decrease in deposits and an $11.0 million decrease in FHLB advances.Available-for-sale securities decreased $7.9 million, or 8.2%, from $96.1 million at December 31, 2025,to $88.2 million at June 30, 2026. The decrease was primarily due to $12.0 million in principalpayments on mortgage-backed securities and a $795,000 increase in unrealized loss, partially offset by$4.9 million in purchases.Total deposits decreased $5.8 million, or 1.4%, to $395.9 million at June 30, 2026, from $401.7 millionat December 31, 2025. Brokered certificates of deposit decreased $5.5 million, other certificates ofdeposit decreased $11.5 million and non-interest bearing deposits decreased $3.0 million. Thesedecreases were partially offset by a $12.2 million increase in interest bearing checking deposits and a$1.8 million increase in money market deposits.FHLB advances decreased $11.0 million, or 9.8%, to $101.3 million at June 30, 2026, from $112.3million at December 31, 2025. The decrease was primarily due to putable advances being called by theFHLB.Our asset quality remains strong. At June 30, 2026, total nonaccrual l