1895 Bancorp of Wisconsin (BCOW) 10-K 29 Mar 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Mar. 20, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2023
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Trading Symbol	BCOW
Entity Registrant Name	1895 BANCORP OF WISCONSIN, INC.
Entity Central Index Key	0001847360
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Address, State or Province	WI
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		6,014,678
Entity File Number	001-40609
Entity Tax Identification Number	61-1993378
Entity Address, Address Line One	7001 West Edgerton Avenue
Entity Address, City or Town	Greenfield
Entity Address, Postal Zip Code	53220
City Area Code	414
Local Phone Number	421-8200
Entity Incorporation, State or Country Code	MD
Document Transition Report	false
Document Annual Report	true
Entity Public Float			$ 39.3
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Auditor Name	Wipfli LLP
Auditor Firm ID	344
Auditor Location	Atlanta, Georgia
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Proxy Statement for the 2024 Annual Meeting of Shareholders are incorporated by reference in Part III of this Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 11,220	$ 26,029
Fed funds sold	2,030	2,315
Cash and cash equivalents	13,250	28,344
Marketable equity securities, stated at fair value	3,625	2,924
Available-for-sale securities, stated at fair value (amortized cost $119,055 and $130,233)	109,559	114,492
Loans held for sale	704	125
Loans, net of deferred costs	398,568	362,777
Allowance for credit losses for loans	(3,734)	(3,203)
Total loans, net of deferred loan costs and allowance for credit losses	394,834	359,574
Premises and equipment, net	5,182	5,451
Mortgage servicing rights, net	1,720	1,860
Federal Home Loan Bank (FHLB) stock, at cost	4,164	3,429
Accrued interest receivable	1,554	1,257
Cash value of life insurance	14,027	14,316
Other assets	8,988	11,244
TOTAL ASSETS	557,607	543,016
Liabilities and Stockholders' Equity
Deposits	403,683	387,721
Advance payments by borrowers for taxes and insurance	1,233	1,029
FHLB advances	71,007	71,464
Accrued interest payable	1,106	291
Other liabilities	7,817	7,149
TOTAL LIABILITIES	484,846	467,654
Preferred stock, $0.01 par value, 10,000,000 shares authorized at December 31, 2023 and December 31, 2022	0	0
Common stock (par value $0.01 per share) Authorized - 90,000,000 shares at December 31, 2023 and December 31, 2022; Issued - 6,114,183 at December 31, 2023 and 6,236,168 at December 31, 2022 (includes 144,297 and 211,349 unvested shares, respectively); Outstanding - 6,084,665 at December 31, 2023 and 6,206,105 at December 31, 2022 (includes 144,297 and 211,349 unvested shares, respectively)	61	62
Additional paid-in capital	49,778	49,931
Unallocated common stock of Employee Stock Ownership Plan (ESOP), 434,062 and 453,792 shares at December 31, 2023 and December 31, 2022, respectively	(4,120)	(4,307)
Less treasury stock at cost, 29,518 shares at December 31, 2023 and 30,063 shares at December 31, 2022	(295)	(301)
Retained earnings	33,892	41,468
Accumulated other comprehensive loss, net of income taxes	(6,555)	(11,491)
Total stockholders' equity	72,761	75,362
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 557,607	$ 543,016

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 119,055	$ 130,233
Preferred stock par or stated value per share	$ 0.01	$ 0.01
Preferred stock shares authorized	10,000,000	10,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	90,000,000	90,000,000
Common Stock, Shares, Issued	6,114,183	6,236,168
Common Stock, Shares, Outstanding	6,084,665	6,206,105
Unallocated common stock of Employee Stock Ownership Plan	434,062	453,792
Treasury stock	29,518	30,063
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	144,297	211,349
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		211,349
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	144,297
Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		211,349
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	144,297

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Interest and dividend income:
Loans, including fees		$ 17,029	$ 13,584
Securities, taxable		2,685	2,343
Other		1,141	511
Total interest and dividend income		20,855	16,438
Interest expense:
Interest-bearing deposits		6,346	1,116
Borrowed funds		2,193	866
Other interest-bearing funds		5	9
Total interest expense		8,544	1,991
Net interest income		12,311	14,447
Provision for credit losses		300	222
Net interest income after provision for credit losses		12,011	14,225
Noninterest income:
Service charges and other fees		925	962
Loan servicing, net		668	695
Net gain on sale of loans		190	310
Net loss on sale of securities		(4,529)
Increase in cash surrender value of insurance		432	424
Unrealized gain (loss) on marketable equity securities		663	(714)
Other		280	60
Total noninterest income		(1,371)	1,737
Noninterest expense:
Salaries and employee benefits		10,145	10,492
Unrealized gain (loss) on marketable equity securities		663	(714)
Advertising and promotions		163	184
Data processing		886	847
Occupancy and equipment		1,156	1,324
FDIC assessment		245	135
Other		3,786	4,013
Total noninterest expense		17,044	16,281
Loss before income taxes		(6,404)	(319)
Income tax expense (benefit)		388	(171)
Net loss		$ (6,792)	$ (148)
Loss per share:
Basic		$ (1.23)	$ (0.03)
Diluted	[1],[2]	$ (1.23)	$ (0.03)
Average common shares outstanding:
Basic		5,533,959	5,775,140
Diluted	[1]	5,533,959	5,775,140
[1] Diluted loss per share and average shares outstanding excludes all common shares as their effect is anti-dilutive. For 2023 and 2022, the effect of the stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted (loss) calculations.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss)	$ (6,792)	$ (148)
Other comprehensive income (loss):
Unrealized holding gains (losses) arising during the period on available-for-sale securities	1,716	(15,935)
Net realized losses on available-for-sale securities included in income	4,529
Other comprehensive income (loss) before tax effect	6,245	(15,935)
Tax effect of other comprehensive income (loss) items	(1,309)	4,302
Other comprehensive income (loss), net of tax	4,936	(11,633)
Comprehensive loss	$ (1,856)	$ (11,781)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Unallocated common stock of ESOP	Treasury Stock	Retained earnings	Accumulated other comprehensive income (loss)
Balance at Dec. 31, 2021	$ 90,893	$ 64	$ 52,805	$ (3,432)	$ (301)	$ 41,615	$ 142
Net loss	(148)					(148)
Other comprehensive income (loss)	(11,633)						(11,633)
Reimbursement of stock offering costs	2		2
Purchase of shares by ESOP	(1,062)			(1,062)
ESOP shares committed to be released	200		13	187
Repurchase and cancellation of shares-stock repurchase program	(3,173)	(3)	(3,170)
Purchase and retirement of common stock	(81)		(81)
Restricted stock award grants		1	(1)
Stock compensation expense	363		363
Transactional rounding	1					1
Balance at Dec. 31, 2022	75,362	62	49,931	(4,307)	(301)	41,468	(11,491)
Balance (ASU 2016-13) at Dec. 31, 2022	$ (783)					(783)
Accounting Standards Update [Extensible List]	ASU 2016-13
Net loss	$ (6,792)					(6,792)
Other comprehensive income (loss)	4,936						4,936
ESOP shares committed to be released	129		(58)	187
Repurchase and cancellation of common stock-stock repurchase program	(702)	(1)	(701)
Sale of common stock by Rabbi Trust	6				6
Purchase and retirement of common stock	(91)		(91)
Stock options exercised	19		19
Stock compensation expense	678		678
Transactional rounding	(1)					(1)
Balance at Dec. 31, 2023	$ 72,761	$ 61	$ 49,778	$ (4,120)	$ (295)	$ 33,892	$ (6,555)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Purchase of shares by ESOP		96,446
ESOP shares committed to be released	19,730	19,730
Repurchase and cancellation of shares-stock repurchase program		296,918
Repurchase and cancellation of common stock-stock repurchase program	93,877
Stock options exercised	3,159

Consolidated Statements of Cash

Consolidated Statements of Cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net loss	$ (6,792)	$ (148)
Adjustments to reconcile net loss to net cash from operating activities:
Net amortization of investment securities	81	145
Depreciation	492	600
Provision for credit losses	300	222
Gain on sale of other real estate owned	(110)
Net change in fair value of marketable equity securities	(663)	714
Net loss on sale of available-for-sale securities	4,529
Stock compensation expense	678	363
Deferred income tax expense (benefit)	388	(171)
Originations of mortgage loans held for sale	(12,445)	(21,941)
Proceeds from sales of mortgage loans held for sale	12,056	23,634
Net gain on sale of mortgage loans held for sale	(190)	(310)
ESOP compensation	129	200
Net change in cash value of life insurance	(432)	(424)
Changes in operating assets and liabilities:
Net change in mortgage servicing rights	140	176
Accrued interest receivable and other assets	556	(520)
Accrued interest payable and other liabilities	574	45
Net cash (used in) provided by operating activities	(709)	2,585
Cash Flows From Investing Activities
Proceeds from sales of available-for-sale securities	44,437	0
Maturities, prepayments and calls of available-for-sale securities	12,479	19,006
Purchases of available-for-sale securities	(50,349)	(37,138)
Purchase of marketable equity securities	(100)	(94)
Net increase in loans	(35,728)	(36,331)
Net increase in FHLB stock, net	(735)	(397)
Proceeds from cash value life insurance death benefits	721
Proceeds from sale of other real estate owned	699
Distribution of marketable equity securities	68
Net capital expenditures for premises and equipment	(812)	(187)
Net cash (used in) provided by investing activities	(29,320)	(55,141)
Cash flows from financing activities
Net increase in deposits	15,962	3,220
Net increase (decrease) in advance payments by borrowers for taxes and insurance	204	(831)
Proceeds from the issuance of Federal Home Loan Bank advances	108,500	37,000
Principal payments on Federal Home Loan Bank advances	(108,957)	(20,978)
Reimbursement of stock offering costs		2
Stock options exercised	19
Repurchase and cancellation of common stock	(702)	(3,173)
Purchase and retirement of common stock	(91)	(81)
Purchases of ESOP shares		(1,062)
Net cash (used in) provided by financing activities	14,935	14,097
Net decrease in cash and cash equivalents	(15,094)	(38,459)
Cash and cash equivalents at beginning of period	28,344	66,803
Cash and cash equivalents at end of period	13,250	28,344
Supplemental cash flow information:
Cash paid during the year for interest	$ 7,729	1,809
Noncash activities:
Loans transferred to held for sale		325
Change in right-of-use lease asset and liability		$ 528

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (6,792)	$ (148)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 — Summary of Significant Accounting Policies Organization 1895 Bancorp of Wisconsin, Inc., a Maryland corporation (the “Company”, “New 1895 Bancorp”) was formed to serve as the stock holding company for PyraMax Bank, FSB (the “Bank”) as part of the mutual-to-stock conversion of 1895 Bancorp of Wisconsin, MHC. Upon completion of the conversion, which occurred on July 14, 2021, 1895 Bancorp of Wisconsin, MHC and 1895 Bancorp of Wisconsin, a federal corporation (“Old 1895 Bancorp”) ceased to exist and New 1895 Bancorp became the successor corporation to Old 1895 Bancorp. The conversion was accomplished by the merger of 1895 Bancorp of Wisconsin, MHC with and into Old 1895 Bancorp followed by the merger of Old 1895 Bancorp with and into New 1895 Bancorp. The shares of New 1895 Bancorp common stock that were offered for sale in connection with the conversion represented the majority ownership interest in Old 1895 Bancorp owned by 1895 Bancorp of Wisconsin, MHC. On July 14, 2021, public stockholders of Old 1895 Bancorp received 1.3163 shares of common stock of New 1895 Bancorp in exchange for each of their shares of Old 1895 Bancorp. The shares of Old 1895 Bancorp common stock owned by 1895 Bancorp of Wisconsin, MHC were canceled at that time. The conversion and offering were completed on July 14, 2021, and New 1895 Bancorp was organized as a fully public stock holding company, with 100 % of the common stock being held by the public. The audited consolidated financial statements and other financial information contained in these consolidated financial statements are for New 1895 Bancorp. The cost of the reorganization and the issuing of the common stock totaling $ 2.0 million were deferred and deducted from the sales proceeds of the offering. PyraMax Bank is a stock savings bank headquartered in Greenfield, Wisconsin. PyraMax Bank operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential, and consumer loans and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin, area. PyraMax Bank is subject to competition from other financial and nonfinancial institutions providing financial products. In addition, PyraMax Bank is subject to the regulations of certain regulatory agencies and undergoes periodic examination by those regulatory agencies. Jumpstart Our Business Startups Act On April 5, 2012, the Jumpstart Our Business Startups Act (the “JOBS Act”) was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies and define an “emerging growth company.” As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company intends to take advantage of the benefits of the extended transition periods allowed under the JOBS Act. Accordingly, the Company’s financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards in Note 1 reflect those that relate to non-issuer companies. Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, mortgage servicing rights, the fair values of financial instruments, and the valuation of deferred income tax assets. Revenue Recognition Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (Topic 606), established principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. The majority of the Company’s revenue-generating transactions are not subject to Topic 606, including all interest and dividend income generated from financial instruments. Certain noninterest income items, including loan servicing income, gain on sales of loans, gain on sales of securities, and other noninterest income have been evaluated to not fall within the scope of Topic 606. Elements of noninterest income that are within Topic 606 are as follows: Fee income on deposit accounts – Revenue from fees charged on deposit accounts is earned through deposit-related services; as well as account maintenance and management, overdraft, non-sufficient funds and other deposit-related fees. Revenue is recognized either over time, corresponding with the deposit accounts’ monthly cycle, or at a point in time when transactional based fees and services occur. The review of service charges assessed on deposit accounts included the amount of variable consideration that is a part of the monthly charges. Sale of foreclosed assets – Revenue from the sale of foreclosed assets is recognized at a point in time when control of the promised asset transfers to the buyer. The Company uses the following indicators to determine when control of a promised asset has been transferred: the seller has a present right to payment for the asset; the buyer has legal title of the asset; the seller has transferred physical possession of the asset; the buyer has the significant risks and rewards of ownership of the asset; or the buyer has accepted the asset. Merchant card arrangement fees – Customers use a Bank-issued debit or credit card to purchase goods and services, and the Company earns interchange fees on these transactions, typically a percentage of the sale amount of the transaction. The Company records the amount due when it receives the settlement from the payment network. Payments from the payment network are received and recorded into income on a daily basis. There are no contingent debit or credit card interchange fees recorded by the Company that could be subject to a clawback in future periods. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, interest-bearing and non-interest-bearing accounts in other financial institutions, and federal funds sold, all of which have original maturities of three months or less. Marketable Equity Securities The Company holds marketable equity securities, which have a readily determinable fair value, and consist of mutual fund investments and common equity. These securities are recorded at fair value with unrealized gains and losses, due to change in fair value, reflected in noninterest income. Gains and losses on the sale of marketable equity securities are recorded on the trade date and determined using the specific-identification method. The portion of unrealized gains (losses) for the period related to marketable equity securities still held as of December 31, 2023 and 2022 was $ 663 and ($ 714 ), respectively. Available-for-Sale Securities Securities classified as available-for-sale are those securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital requirements, and other similar factors. Securities classified as available for sale are carried at fair value. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the related deferred tax effect. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. Gains and losses on the sale of securities are recorded on the trade date and determined using the specific-identification method. Interest and dividends on available securities are recognized as income when earned. Amortization of premiums and accretion of discounts for noncallable securities are recognized in interest income using the interest method over the estimated lives of the securities. The estimated lives of callable securities are calculated using the first call date. The Company excludes accrued interest receivable from the amortized cost basis of securities available for sale when estimating credit losses and when presenting required disclosures in the financial statements. Accrued interest on securities available for sale totaling $ 473 and $ 382 at December 31, 2023 and 2022, respectively, was excluded from the amortized cost basis of securities available for sale. The accrual of interest on a security available for sale is discontinued when management believes the issuer will be unable to make payments as they become due. When securities are placed on nonaccrual status, all unpaid accrued interest is reversed against income. No accrued interest was written off during 2023 and 2022. Credit Losses for Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of these criteria are met, the Company will write-down the security to fair value as a component of current period earnings. For available-for-sale securities that do not meet either of these criteria, the Company determines whether the decline is value has resulted from credit losses or other factors. This evaluation takes into consideration current market conditions, issuer rating changes and trends, the credit worthiness of the obligator of the security, current analysts’ evaluations, and failure of the issuer to make scheduled interest or principal payments. If the Company determines a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost of the security. If the present value of cash flows expected to be collected are less than the amortized cost, an allowance for credit losses is recorded, which is limited by the amount the fair value is less than the amortized cost basis. Any impairment that is not recorded through an allowance for credit losses is recognized in other comprehensive income (loss). Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loan sold. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for deferred loan fees and costs, charge-offs, and an allowance for credit losses. Interest on loans is accrued and credited to income based on the unpaid principal balance. Loan-origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to make payments as they become due. When loans are placed on non-accrual status or charged off, all unpaid accrued interest is reversed against interest income. The interest on these loans is subsequently accounted for on the cash-basis or cost-recovery method until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Credit Losses Under the current expected credit loss (“CECL”) model, the allowance for credit losses ("ACL") on financial assets is a valuation allowance estimated at each balance sheet date in accordance with GAAP that is deducted from the financial assets’ amortized cost basis to present the net amount expected to be collected on the financial assets. The CECL model also applies to certain off-balance sheet credit exposures. The Company estimates the allowance for credit losses on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to write-off accrued interest receivable by reversing interest income at the time of this determination. This write-off will occur within 90 days of the determination that the collection of principal becomes uncertain. Therefore, the Company has made a policy election to exclude accrued interest from the amortized cost basis and therefore excludes it from the measurement of the allowance for credit losses. Accrued interest on loans totaling $ 1.1 million and $ 874 at December 31, 2023 and 2022, respectively, was excluded from the amortized cost basis of loans. Expected credit losses are reflected in the allowance for credit losses through a charge to provision for credit losses. The Company’s estimate of the allowance for credit losses reflects credit losses currently expected over the remaining contractual life of the assets. When the Company deems all or a portion of a financial asset to be uncollectible, the appropriate amount is written off and the allowance for credit losses is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible. When available information confirms that specific financial assets, or portions thereof, are uncollectible, these amounts are charged off against the allowance for credit losses. Subsequent recoveries, if any, are credited to the allowance for credit losses when received. The Company measures the allowance for credit losses of financial assets on a collective portfolio segment basis when the financial assets share similar risk characteristics. The Company has identified the following portfolio segments of financial assets with similar risk characteristics for measuring expected credit losses: Commercial real estate : These loans are dependent on the industries tied to these loans. Commercial real estate loans are secured primarily by office and industrial buildings, warehouses, small retail shopping facilities, and various special-purpose properties, including hotels and restaurants. Financial information is obtained from borrowers and/or the individual project to evaluate cash flow sufficiency to service debt and is periodically updated during the life of the loan. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market, such as geographic location and/or property type. Land development: These loans are secured by vacant land and/or property that are in the process of improvement, including (a) land development preparatory to erecting vertical improvements or (b) the on-site construction of industrial, commercial, residential, or farm buildings. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that necessary approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Commercial Other: This loan category is comprised of commercial and industrial loans. Commercial and industrial loans are extended primarily to small and middle market customers. Such credits typically comprise working capital loans, asset acquisition loans, and loans for other business purposes. Loans to closely held businesses are generally guaranteed in full by the owners of the business. Commercial and industrial loans are made based primarily on the historical and projected cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of the borrowers, however, may not behave as forecasted and collateral securing loans may fluctuate in value due to economic or individual performance factors. Minimum standards and underwriting guidelines have been established for commercial and industrial loans. Residential real estate: These loans are generally to individuals and are underwritten by evaluating the credit history of the borrower, the ability of the borrower to meet the debt service requirements of the loan and total debt obligations, the underlying collateral, and the loan to collateral value. Underwriting standards for residential real estate owner-occupied loans are heavily influenced by statutory requirements, which include, but are not limited to, loan-to-value and affordability ratios, risk-based pricing strategies, and documentation requirements. Consumer: These loans may take the form of installment loans, demand loans, or single payment loans, and are extended to individuals for household, family, and other personal expenditures. These loans generally include direct consumer automobile loans and credit card loans. Also included in this category are junior liens on 1-4 family residential properties. These loans are generally smaller in size and are underwritten by evaluating the credit history of the borrower, the ability of the borrower to meet the debt service requirements of the loan and total debt obligations. The Company further segments the commercial loan portfolios by risk rating and the residential and consumer loan portfolios by delinquency. The Company utilizes the weighted average remaining maturity methodology to measure the ACL. This methodology incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component includes the calculation of loss rates that are based on historical lookback periods. The Company calculates a loss rate based on historical loan level loss experience for portfolio segments with similar risk characteristics. The historical loss rate is adjusted for select macroeconomic variables that consider both historical trends as well as forecasted trends. The Company utilizes a period of two years for these forecasted trends, with immediate reversion. The Company measures expected credit losses of these financial assets by applying loss rates to the amortized cost basis of each asset taking into consideration amortization, prepayment and default assumptions. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments will not be made for information that has already been considered and included in the quantitative component. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in loan composition, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. Prior to January 1, 2023, the Company used an incurred loss model to estimate the allowance for loan losses. This methodology included allocations for specifically identified impaired loans and loss factors for all remaining loans. A loan is considered impaired when, based on current information, it is probable that the Company will not collect all amounts due in accordance with the contractual terms of the loan agreement. The allowance for impaired loans was generally based on the present value of expected future cash flows or the fair value of the collateral. Loans that were not determined to be impaired were collectively evaluated for impairment based on loan segments with similar risk characteristics and the historical loss rates for each for each segment and other qualitative factors. Collateral Dependent Financial Assets For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the allowance for credit losses is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less estimated costs to sell. Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial assets include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to loan credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures through a charge to provision for credit losses for off-balance sheet credit exposures that are not unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is estimated by portfolio segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration management’s assumption of the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Balance Sheets. Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Provisions for depreciation are computed on straight-line method over the estimated useful lives of the assets. Operating Leases The Company accounts for its operating leases in accordance with ASC 842, Leases, which requires lessees to record all leases with a term longer than 12 months on the balance sheet as a right-of-use asset and lease liability for leases. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company's current lease agreement is classified as an operating lease. The operating lease right-of-use asset represents the right to use an underlying asset during the lease term (included in other assets on the consolidated balance sheets), while the operating lease liability represents the obligation to make lease payments arising from the lease (included in other liabilities on the consolidated balance sheets). The right-of-use asset and lease liability are recognized at lease commencement based on the present value of the remaining lease payments, considering a discount rate that represents the Company's incremental borrowing rate. Operating lease expense is recognized on a straight-line basis over the lease term and is recognized in occupancy and equipment on the consolidated statements of operations. See Note 5 for additional information and disclosures on operating leases. Mortgage Servicing Rights The Company sells residential mortgage loans in the secondary market and, on a selective basis, retains the right to service the loans sold. Upon sale, a mortgage servicing rights asset is capitalized, which represents the then current fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights, when purchased, are initially recorded at fair value. Mortgage servicing rights are amortized over the period of estimated net servicing income, and assessed for impairment at each reporting date. Mortgage servicing rights are carried at the lower of the initial capitalized amount, net of accumulated amortization, or estimated fair value, and are included in other assets, net in the consolidated balance sheets. To the extent that the Company sells mortgage servicing rights, a gain is recognized for the amount of which sale proceeds exceed the remaining unamortized cost of the servicing rights that were sold. Recognized gains on sale of mortgage servicing rights are included in other noninterest income in the consolidated statements of operations. The fair value of mortgage servicing rights is estimated using a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as costs to service, a discount rate, the custodial earnings rate, ancillary income, default rates and losses, and prepayment speeds. The fair value of mortgage servicing rights may change because of changes in the discount rates, prepayment expectations, default rates, and other factors. Mortgage servicing rights are amortized into income in proportion to and over the period of the estimated future net servicing income of the underlying loans. Mortgage servicing rights are evaluated for impairment at each reporting date and whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The evaluation includes stratifying the mortgage servicing rights by predominant characteristics such as interest rates and terms and estimating fair value of each stratum. Impairment is recognized through a valuation allowance for an individual stratum to the extent that fair value is less than the carrying amount for the stratum. Federal Home Loan Bank Stock The Company’s investment in Federal Home Loan Bank (“FHLB”) stock is carried at cost. The Company is required to hold the stock as a member of the FHLB, and transfer of the stock is substantially restricted. The stock is pledged as collateral for outstanding FHLB advances. The stock is evaluated for impairment on an annual basis. Foreclosed Assets Assets acquired through or in lieu of loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net foreclosed asset expense. There were no foreclosed assets as of December 31, 2023 and 2022 , respectively. There were no residential real estate loans in process of foreclosure at December 31, 2023 and 2022 , respectively. Cash value of life insurance The Company purchased bank owned life insurance on the lives of certain employees. The Company is the beneficiary of the life insurance policies. The cash surrender value of life insurance is reported at the amount that would be received in cash if the policies were surrendered. Increases in the cash value of the policies and proceeds of death benefits received are recorded in noninterest income. The increase in cash value of life insurance is not subject to income taxes, as long as the Company has the intent and ability to hold the policies until the death benefits are received. Income Taxes Amounts provided for income tax expense are based on income reported for financial statement purposes and do not necessarily represent amounts currently payable under tax laws. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion of the deferred tax asset will not be realized. We exercise significant judgment in evaluating the amount and timing of recognition of the resulting tax liabilities and assets. These judgments require us to make projections of future taxable income including consideration of applicable tax planning strategies. The judgments and estimates we make in determining our deferred tax assets, which are inherently subjective, weigh all positive and negative evidence and are reviewed on a regular basis as regulatory and business factors change. Any reduction in estimated future taxable income may require us to increase the valuation allowance against our deferred tax assets. As changes in tax laws or rates are enacted, deferred income tax assets and liabilities are adjusted through the provision for income taxes. The differences relate principally to the allowances for credit losses, deferred compensation, and mortgage servicing rights. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Based on its evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its consolidated financial statements. The Company’s policy is to recognize interest and penalties related to income tax issues as components of income tax expense. During the periods shown, the Company did not recognize any interest or penalties related to income tax expense in its statements of operations. Employee Benefit Plans The Company has employee benefit plans for qualified employees. The Company’s policy is to fund contributions as accrued. Off-Balance Sheet Financial Instruments In the ordinary course of business, the Company has entered into off-balance-sheet financial instruments including commitments to extend credit, unfunded commitments under lines of credit, and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they become payable. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Rate Lock Commitments The Company enters into commitments to originate loans, whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are consi

Cash and Due from Banks

Cash and Due from Banks	12 Months Ended
	Dec. 31, 2023
Federal Home Loan Banks [Abstract]
Cash and Due from Banks	NOTE 2 — Cash and Due from Banks Under Regulation D, savings institutions are generally required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank, based upon a percentage of deposits. Effective March 12, 2021, the Federal Reserve Board reduced reserve requirement ra tios to zero percent, eliminating the requirement to maintain reserve balances in cash or on deposit with the Federal Reserve Bank. This reduction in reserve requirement ratios does not have a defined timeframe and may be revised by the Federal Reserve Board in the future. In the normal course of business, the Company maintains cash and due from bank balances with correspondent banks. Balances in these accounts may exceed the Federal Deposit Insurance Corporation’s insured limit of $ 250,000 . Management believes these financial institutions have strong credit ratings and that the credit risk related to these deposits is minimal.

Available for Sale Securities

Available for Sale Securities	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Available for Sale Securities	NOTE 3— Available for Sale Securities Amortized costs and fair values of available for sale securities are summarized as follows: December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Obligations of states and political subdivisions 17,043 3 ( 2,815 ) 14,231 Government-sponsored mortgage-backed securities 97,674 305 ( 6,960 ) 91,019 Asset-backed securities 3,593 — ( 21 ) 3,572 Certificates of deposit 745 — ( 8 ) 737 Total $ 119,055 $ 308 $ ( 9,804 ) $ 109,559 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) U.S. Treasury notes $ 29,597 $ — $ ( 2,970 ) $ 26,627 Obligations of states and political subdivisions 21,379 6 ( 3,729 ) 17,656 Government-sponsored mortgage-backed securities 73,235 $ — ( 8,968 ) 64,267 Asset-backed securities 4,563 $ — ( 46 ) 4,517 Certificates of deposit 1,459 $ — ( 34 ) 1,425 Total $ 130,233 $ 6 $ ( 15,747 ) $ 114,492 Fair values of securities are estimated based on financial models or prices paid for similar securities. It is possible interest rates could change considerably, resulting in a material change in estimated fair value. The Company’s mortgage-backed securities and collateralized mortgage obligations issued by government sponsored enterprises are guaranteed by one of the following government enterprises: Fannie Mae, Freddie Mac or Ginnie Mae. The fair value of available-for-sale securities that were pledged as collateral at December 31, 2023 and December 31, 2022, was $ 426 and $ 3.6 million, respectively. The amortized costs and fair values of available-for-sale securities, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. In addition, expected maturities will differ from contractual maturities for mortgage-backed securities and asset-backed securities, as the expected repayment terms may be less than the underlying mortgage pool contractual maturities. Therefore, these securities are not included in the maturity categories in the maturity summary below. December 31, 2023 Amortized Cost Fair Value (in thousands) Debt and other securities: Due in one year or less $ 830 $ 821 Due after one through 5 years 1,070 1,054 Due after 5 through 10 years 12,774 10,645 Due after 10 years 3,114 2,448 Total debt and other securities 17,788 14,968 Mortgage-related securities 97,674 91,019 Asset-backed securities 3,593 3,572 Total $ 119,055 $ 109,559 Gross unrealized losses on securities available-for-sale and the fair values of the related securities, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position were as follows: December 31, 2023 Less than 12 months 12 months or longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) Obligations of states and political — — 13,889 ( 2,815 ) 13,889 ( 2,815 ) Government-sponsored mortgage-backed — — 40,983 ( 6,960 ) 40,983 ( 6,960 ) Asset-backed securities 1,740 ( 5 ) 1,832 ( 16 ) 3,572 ( 21 ) Certificates of deposit — — 737 ( 8 ) 737 ( 8 ) Total $ 1,740 $ ( 5 ) $ 57,441 $ ( 9,799 ) $ 59,181 $ ( 9,804 ) December 31, 2022 Less than 12 months 12 months or longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) U.S. Treasury notes $ — $ — $ 26,627 $ ( 2,970 ) $ 26,627 $ ( 2,970 ) Obligations of states and political 5,088 ( 396 ) 12,145 ( 3,333 ) 17,233 ( 3,729 ) Government-sponsored mortgage-backed 19,084 ( 1,310 ) 45,183 ( 7,658 ) 64,267 ( 8,968 ) Asset-backed securities 4,517 ( 46 ) — — 4,517 ( 46 ) Certificates of deposit 1,425 ( 34 ) — — 1,425 ( 34 ) Total $ 30,114 $ ( 1,786 ) $ 83,955 $ ( 13,961 ) $ 114,069 $ ( 15,747 ) The following table presents the number of debt securities in an unrealized loss position and the aggregate depreciation from their amortized cost basis, by security type, as of December 31, 2023. Number of Securities Aggregate Depreciation Obligations of states and political subdivisions $ 16 16.9 % Government-sponsored mortgage-backed securities 25 14.5 % Asset-backed securities 4 0.6 % Certificates of deposit 3 1.1 % Total $ 48 14.2 % The Company does not consider these unrealized losses to be attributable to credit-related factors, as the unrealized losses in each category have occurred as a result of changes in noncredit-related factors such as changes in interest rates, market spreads and market conditions subsequent to purchase, not credit deterioration. As a result, no allowance for credit losses on available-for-sale securities was recognized as of December 31, 2023. As of December 31, 2022, prior to the adoption of CECL, the Company had determined that none of the unrealized losses were other than temporary. The following is a summary of the proceeds from sales of securities available-for-sale, as w ell as gross gains and losses, for each of the periods listed below: Year ended December 31, 2023 2022 (in thousands) Proceeds from sales of securities available-for-sale $ 44,437 $ — Gross realized gains $ — $ — Gross realized losses ( 4,529 ) — Net realized loss $ ( 4,529 ) $ —

Loans

Loans	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Loans	NOTE 4 — Loans Major classifications of loans are as follows: December 31, December 31, (in thousands) Commercial: Real estate $ 231,893 $ 210,858 Other 47,898 43,708 Residential real estate: First mortgage 97,747 85,444 Construction 359 3,248 Consumer: Home equity and lines of credit 19,683 18,590 Other 134 99 Subtotal 397,714 361,947 Net deferred loan costs 854 830 Allowance for credit losses for loans ( 3,734 ) ( 3,203 ) Loans, net $ 394,834 $ 359,574 Deposit accounts in an overdrawn position and reclassified as loans totaled $ 78 and $ 98 at December 31, 2023 and 2022, respectively. The Company provides several types of loans to its customers, including commercial, residential, construction and consumer loans. Significant loan concentrations are considered to exist when there are amounts loaned to one borrower, or to multiple borrowers engaged in similar activities, that would cause them to be similarly impacted by economic or other conditions. While credit risks tend to be geographically concentrated in the Company’s metropolitan Milwaukee market area, and while a significant portion of the Company’s loan portfolio is secured by commercial and residential real estate, there are no significant concentrations whose primary sources of repayment are reliant upon an individual or group of related borrowers. The Company also purchases loan participations from other financial institutions. The outstanding balance of loans purchased are included in the totals above and totaled $ 34.8 million as of December 31, 2023 and $ 31.6 million as of December 31, 2022. In addition, the amount available for future draws totaled $ 30.7 million at December 31, 2023. Loans purchased are primarily comprised of commercial real estate and other commercial loans. During the normal course of business, the Company may transfer a portion of a loan as a participation loan to another financial institution in order to manage portfolio risk. In order to be eligible for sales treatment, all cash flows from the loan must be divided proportionately, and rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties, and no loan holder can have the right to pledge or exchange the entire loan. As December 31, 2023 and December 31, 2022, respectively, the Company had transferred $ 29.0 million and $ 30.3 million in participation loans which were eligible for sales treatment to other financial institutions, all of which were being serviced by the Company. A summary of the activity in the allowance for loan losses by portfolio segment is as follows: Commercial Residential Consumer Total (in thousands) Year ended December 31, 2023 Allowance for credit losses for loans Beginning balance $ 1,944 $ 752 $ 507 $ 3,203 Provision for credit losses 64 22 4 90 CECL Adoption Adjustment (1) 666 75 ( 329 ) 412 Loans charged-off — — ( 10 ) ( 10 ) Recoveries 19 — 20 39 Ending balance $ 2,693 $ 849 $ 192 $ 3,734 Allowance for credit losses for unfunded loan commitments (2) Beginning balance $ — $ — $ — $ — Provision for credit losses 207 3 — 210 CECL Adoption Adjustment (1) 640 25 — $ 665 Ending balance $ 847 $ 28 $ — $ 875 Total Allowance for credit losses for loans and unfunded loan commitments $ 3,540 $ 877 $ 192 $ 4,609 Year ended December 31, 2022 Allowance for loan losses Beginning balance $ 1,657 $ 745 $ 456 $ 2,858 Provision for loan losses 222 — — 222 Loans charged-off — — ( 10 ) ( 10 ) Recoveries 65 7 61 133 Ending balance $ 1,944 $ 752 $ 507 $ 3,203 (1) On January 1, 2023, the Company adopted ASU 2016-13 ("CECL"). See Note 1 for additional information regarding the adoption of ASU 2016-13. (2) The allowance for credit losses for unfunded loan commitments is included in other liabilities on the Company's Consolidated Balance Sheets. The provision for credit losses is determined by the Company as the amount that is to be added to the ACL accounts to bring the ACL to a level that, in management's judgment, is necessary to absorb expected credit losses over the lives of the respective financial instruments. The following table presents the components of the provision for credit losses: Year ended December 31, 2023 2022 (in thousands) Provision for credit losses for: Loans $ 90 $ 222 Unfunded loan commitments 210 N/A Total $ 300 $ 222 The Company regularly evaluates various attributes of loans to determine the appropriateness of the allowance for credit losses. The credit quality indicators monitored differ depending on the class of loan. • “Pass” ratings are assigned to loans with adequate collateral and debt service ability such that collectability of the contractual loan payments is highly probable. • “Watch / Special mention” ratings are assigned to loans where management has some concern that the collateral or debt service ability may not be adequate, though the collectability of the contractual loan payments is still probable. • “Substandard” ratings are assigned to loans that do not have adequate collateral and/or debt service ability such that collectability of the contractual loan payments is no longer probable. • “Doubtful” ratings are assigned to loans that do not have adequate collateral and/or debt service ability, and collectability of the contractual loan payments is unlikely. Residential real estate and consumer loans are generally evaluated based on whether or not the loan is performing or on nonaccrual status. See Note 1 for additional information on our nonaccrual policy. The following table presents the amortized cost basis of our loans by credit quality indicator and origination year, at December 31, 2023: December 31, 2023 2023 2022 2021 2020 2019 2018 and Prior Revolving Lines of Credit Revolving Lines of Credit Converted to Term Loans Total Loans (in thousands) Commercial real estate: Pass $ 22,486 $ 78,098 $ 40,597 $ 40,914 $ 8,881 $ 34,342 $ 42 $- $ 225,360 Watch and special mention - 232 - - 1,706 328 - - 2,266 Substandard - 1,885 598 - 287 1,075 - - 3,845 Nonaccrual - 79 - - - 343 - - 422 Total commercial real estate 22,486 80,294 41,195 40,914 10,874 36,088 42 - 231,893 Other commercial loans: Pass 16,949 11,347 4,729 974 64 1,488 9,905 - 45,456 Watch and special mention - - 197 31 15 48 828 - 1,119 Substandard - 236 411 - - 116 560 - 1,323 Total other commercial loans 16,949 11,583 5,337 1,005 79 1,652 11,293 - 47,898 Total commercial loans 39,435 91,877 46,532 41,919 10,953 37,740 11,335 - 279,791 Residential real estate - first mortgage: Performing 13,485 14,419 33,619 15,854 3,033 16,680 - - 97,090 Nonaccrual - - - - - 657 - - 657 Total residential real estate - first mortgage 13,485 14,419 33,619 15,854 3,033 17,337 - - 97,747 Residential real estate - construction: Performing 359 - - - - - - - 359 Nonaccrual - - - - - - - - - Total residential real estate - construction 359 - - - - - - - 359 Total residential real estate 13,844 14,419 33,619 15,854 3,033 17,337 - - 98,106 Consumer - home equity and lines of credit: Performing 74 53 142 66 167 1,504 16,939 707 19,652 Nonaccrual - - - - - 31 - - 31 Total consumer - home equity and lines of credit 74 53 142 66 167 1,535 16,939 707 19,683 Consumer - other Performing 73 46 - 7 - 8 - - 134 Nonaccrual - - - - - - - - - Total consumer - other 73 46 - 7 - 8 - - 134 Total consumer 147 99 142 73 167 1,543 16,939 707 19,817 Total loans $ 53,426 $ 106,395 $ 80,293 $ 57,846 $ 14,153 $ 56,620 $ 28,274 $ 707 $ 397,714 A summary of the credit quality indicators for commercial loans, at amortized cost, prior to the adoption of CECL is presented below: December 31, 2022 Pass Watch and Special Mention Substandard Total (in thousands) Commercial: Real estate $ 206,655 $ 2,932 $ 1,271 $ 210,858 Land development — — — — Other 41,569 35 2,104 43,708 Total $ 248,224 $ 2,967 $ 3,375 $ 254,566 There were no commercial loans rated Doubtful or Loss as of December 31, 2022. A summary of the credit quality indicators for residential real estate and consumer loans, at amortized cost, prior to the adoption of CECL is presented below: December 31, 2022 Performing Non-Performing Total (in thousands) Residential real estate: First mortgage $ 84,730 $ 714 $ 85,444 Construction 3,248 — 3,248 Consumer: Home equity and lines of credit 18,535 55 18,590 Other 99 — 99 Total $ 106,612 $ 769 $ 107,381 The following table presents gross charge-offs of our loans for each portfolio class, by origination year, that occurred during 2023. See Note 1 for additional information on our charge-off policy. For the twelve months ended December 31, 2023 2023 2022 2021 2020 2019 2018 and Prior Revolving Lines of Credit Revolving Lines of Credit Converted to Term Loans Total Loans (in thousands) Commercial: Real estate $- $- $- $- $- $- $- $- $- Land development - - - - - - - - - Other - - - - - - - - - Total commercial loans - - - - - - - - - Residential real estate: First mortgage - - - - - - - - - Construction - - - - - - - - - Total residential real estate - - - - - - - - - Consumer: Home equity and lines of credit - - - - - - - - - Other 1 3 1 1 - 4 - - 10 Total consumer 1 3 1 1 - 4 - - 10 Total current period charge-offs $ 1 $ 3 $ 1 $ 1 $- $ 4 $- $- $ 10 An analysis of past due loans, net of amortized costs, is presented below: December 31, 2023 Loans Past Due 30-89 Days Loans Past Due 90+ Days Total Past Due Current Loans Total Loans (in thousands) Commercial: Real estate $ 79 $ 343 $ 422 $ 231,471 $ 231,893 Land development — — — — — Other — — — 47,898 47,898 Residential real estate: First mortgage 299 52 351 97,396 97,747 Construction — — — 359 359 Consumer: Home equity and lines of credit — — — 19,683 19,683 Other — — — 134 134 Total 378 395 $ 773 $ 396,941 $ 397,714 December 31, 2022 Loans Past Due 30-89 Days Loans Past Due 90+ Days Total Past Due Current Loans Total Loans (in thousands) Commercial: Real estate $ 1,732 $ — $ 1,732 $ 209,126 $ 210,858 Land development — — — — — Other — — — 43,708 43,708 Residential real estate: First mortgage 181 63 244 85,200 85,444 Construction — — — 3,248 3,248 Consumer: Home equity and lines of credit 72 21 93 18,497 18,590 Other 2 — 2 97 99 Total $ 1,987 $ 84 $ 2,071 $ 359,876 $ 361,947 There are no loans 90 or more days past due and accruing interest as of December 31, 2023 or 2022. The following table presents the amortized cost of our loans on nonaccrual status as of December 31, 2023 and December 31, 2022. All loans that were 90 days or more past due were on nonaccrual status as of December 31, 2023 and December 31, 2022. December 31, December 31, (in thousands) Commercial: Real estate $ 422 $ — Land development — — Other — — Residential real estate: First mortgage 657 714 Construction — — Consumer: Home equity and lines of credit 31 55 Other — — Total nonaccrual loans $ 1,110 $ 769 Total nonaccrual loans to total loans 0.28 % 0.21 % Total nonaccrual loans to total assets 0.20 % 0.14 % The Company had $ 1.1 mill ion of loans that were on nonaccrual status as of December 31, 2023, with no related allowance for credit losses. During the twelve months ended December 31, 2023, there was no interest earned on nonaccrual loans and $ 11,000 in accrued interest was reversed on nonaccrual loans. At December 31, 2023, the Company held loans that were individually evaluated for impairment due to financial difficulties experienced by the borrower and for which the repayment, on the basis of our assessment, is expected to be provided substantially through the sale or operation of the collateral. The ACL for these collateral dependent loans is primarily based on the fair value of the underlying collateral at the reporting date. The following describes the type of collateral that secure collateral dependent loans: • Commercial real estate loans are primarily secured by office and industrial buildings and warehouses. • Commercial and industrial loans are primarily secured by accounts receivable, inventory and equipment. • One-to-four-family mortgages are primarily secured by first liens on residential real estate. • Home equity loans are primarily secured by first and junior loans on residential real estate. The table below summarizes collateral dependent loans and the related ACL at December 31, 2023 for which the borrower is experiencing financial difficulty: Loans ACL (in thousands) Commercial: Real estate $ 4,457 $ — Land development — — Other 1,323 — Residential real estate: First mortgage 855 — Construction — — Consumer: Home equity and lines of credit 31 — Other — — Total $ 6,666 — A summary of loans evaluated individually and collectively for impairment, at amortized cost, and the related allowance for loan losses, prior to the adoption of CEC L is presented below: December 31, 2022 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 3,525 $ 917 $ 55 $ 4,497 Collectively evaluated for impairment 251,041 87,775 18,634 357,450 Total loans $ 254,566 $ 88,692 $ 18,689 $ 361,947 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,944 752 507 3,203 Total allowance for loan losses $ 1,944 $ 752 $ 507 $ 3,203 Information regarding impaired loans, at amortized cost, prior to the adoption of CECL is presented below: As of and for the Year Ended December 31, 2022 Recorded Investment Unpaid Principal Reserve Average Investment Interest Recognized (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans $ — $ — $ — $ — $ — Impaired loans with no reserve: Commercial: Real estate $ 1,422 $ 1,470 NA $ 3,952 $ 177 Land development — — NA — — Other 2,103 2,103 NA 1,325 110 Residential real estate: First mortgage 917 1,138 NA 1,011 55 Construction — — NA — — Consumer: Home equity and lines of credit 55 60 NA 37 2 Other — — NA — — Total impaired loans 4,497 4,771 NA 6,325 344 Total impaired loans $ 4,497 $ 4,771 $ — $ 6,325 $ 344 The adoption of ASU 2022-02 eliminated troubled debt restructurings (TDR's) recognition and measurement guidance, as well as all TDR related disclosures. See Note 1 for additional information. TDRs were loan modifications where concessions were granted to borrowers experiencing financial difficulties. The Company did not modify any loans for borrowers that are experiencing financial difficulty and did not have any previous modifications that were made during the past 12 months that experienced a payment default during the twelve months ended December 31, 2023. At December 31, 2022, the Company had $ 538 of TDR's, of which $ 183 were on nonaccrual status. There were no loan modifications that were classified as a TDR during the year ended December 31, 2022.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Premises and Equipment	NOTE 5 — Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation and are summarized as follows: As of December 31, 2023 2022 Land $ 863 $ 863 Buildings 8,074 8,072 Leasehold improvements 1 1 Furniture and equipment 6,218 6,212 Totals 15,156 15,148 Less: Accumulated depreciation 9,974 9,697 Premises and equipment, net $ 5,182 $ 5,451 Depreciation expense was $ 492 in 2023 and $ 600 in 2022. The Company leases space under a non-cancelable operating lease agreement for a single bank branch facility with a remaining lease term of 3.1 years. The lease arrangement contains an extension option for an additional 3 years , which was exercised during the first quarter of 2024. The right-of-use asset and liability consider the renewal option when it is reasonably certain of being exercised. The right-of-use asset and liability as calculated at December 31, 2023, includes the extension option. At December 31, 2023 , the balance of the right-of-use asset and the right-of-use liability was $ 282 . The right-of-use asset is recorded in Other assets and the right-of-use liability is recorded in Other liabilities on the Consolidated Balance Sheets. See Note 1 for the Company's accounting policy on operating leases. A summary of net lease cost and selected other information related to the operating lease follows: Year ended December 31, 2023 December 31, 2022 Net Lease Cost Operating lease cost $ 87 $ 85 Variable lease cost — — Net lease cost: 87 85 Selected other operating lease information: Weighted average remaining lease terms (years) 3.1 1.2 Weighted average discount rate 1.70 % 1.79 % The following table summarizes the maturity of remaining lease liabilities: (in thousands) 2024 $ 89 2025 91 2026 93 2027 16 Sub-total 289 Amounts representing interest ( 7 ) Total $ 282

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2023
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	NOTE 6 — Mortgage Servicing Rights Loans serviced for others are not included in the consolidated balance sheets. The unpaid principal balance of mortgage loans serviced for others totaled $ 282.2 million at December 31, 2023 , and $ 304.3 million at December 31, 2022. The following is a summary of changes in the balance of mortgage servicing rights for the periods indicated below: Year Ended December 31, 2023 Year Ended December 31, 2022 (in thousands) Mortgage servicing rights beginning balance $ 1,860 $ 2,036 Additions 52 68 Amortization ( 192 ) ( 244 ) Mortgage servicing rights ending balance $ 1,720 $ 1,860 Fair value at beginning of period $ 3,376 $ 2,477 Fair value at end of period $ 3,269 $ 3,376 There was no valuation allowance as of December 31, 2023 or December 31, 2022. The Company did not sell any mortgage servicing rights during the years ended December 31, 2023 and 2022. The estimated fair value of mortgage servicing rights was determined using a valuation model that calculates the present value of expected future servicing and ancillary income, net of expected servicing costs. The model incorporates various assumptions such as discount rates, prepayment speeds, and ancillary income and servicing costs. As of December 31, 2023, the model used discount rates ranging from 10.1 % to 13.0 % and prepayment speeds ranging from 6.9 % to 34.4 %, respectively, both of which were based on market data from independent organizations. As of December 31, 2022 , the model used discount rates of 10.0 % to 13.0 % and prepayment speeds ranging from 7.0 % to 33.9 %. The following table shows the estimated future amortization of mortgage servicing rights for the next five years. The projections of amortization expense are based on existing asset balances as of as of December 31, 2023. The actual amortization expense the Company recognizes in any given period may be significantly different depending on changes in interest rates, market conditions, and regulatory requirements. Estimated future amortization as of December 31, 2023: (in thousands) 2024 $ 206 2025 190 2026 170 2027 149 2028 128 Thereafter 877 Total $ 1,720

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Deposits	NOTE 7 — Deposits The composition of deposits is as follows: December 31, December 31, 2022 (in thousands) Non-interest bearing checking $ 78,476 $ 92,465 Interest bearing checking 28,899 32,514 Money market 88,687 121,215 Statement savings 46,473 61,969 Certificates of deposit 161,148 79,558 Total (1) $ 403,683 $ 387,721 (1) There were no brokered deposits at December 31, 2023 or December 31, 2022 . Certificates of deposit that met or exceeded the FDIC insurance limit of $ 250 totaled $ 31.3 million and $ 8.9 million at December 31, 2023 and 2022, respectively. Interest expense on deposits is summarized as follows: Years ended December 31, 2023 2022 Interest bearing checking $ 272 $ 76 Money market 2,029 565 Statement savings 25 33 Certificates of deposit 4,020 442 Total $ 6,346 $ 1,116 The scheduled maturities of certificates of deposit are as follows: (in thousands) 2023 $ 127,907 2024 20,710 2025 12,218 2026 236 2027 77 Thereafter — Total $ 161,148

FHLB Advances and Other Borrowi

FHLB Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2023
Federal Home Loan Banks [Abstract]
FHLB Advances and Other Borrowings	NOTE 8 — FHLB Advances and Other Borrowings A summary of Federal Home Loan Bank advances follows: December 31, 2023 December 31, 2022 Rate Amount Rate Amount (dollars in thousands) Open line of credit 5.72 % 8,000 — — Fixed-rate, fixed term advance, maturing February 2023 N/A — 1.62 % 6,500 Fixed-rate, fixed term advance, maturing July 2027 2.90 % 5,000 2.90 % 5,000 Putable advance, maturing July 2029 first option date January 2023 N/A — 1.68 % 5,000 Putable advance, maturing February 2030 first option date February 2023 N/A — 0.98 % 5,000 Putable advance, maturing October 2029 first option date July 2023 N/A — 2.96 % 5,000 Putable advance, maturing January 2028 first option date January 2024 3.44 % 5,000 — Putable advance, maturing February 2028 first option date February 2024 3.63 % 5,000 — — Putable advance, maturing March 2028 first option date March 2024 3.47 % 5,000 — — Putable advance, maturing May 2026 first option date May 2024 3.92 % 2,500 — — Putable advance, maturing May 2028 first option date May 2024 3.51 % 2,500 — — Putable advance, maturing March 2030 first option date March 2025 0.89 % 10,000 0.89 % 10,000 Putable advance, maturing March 2032 first option date March 2027 1.74 % 10,000 1.74 % 10,000 Advanced structured note, payments due monthly, maturing April 2030 1.05 % 6,454 1.05 % 7,435 Advanced structured note, payments due monthly, maturing May 2030 1.19 % 6,553 1.19 % 7,529 SOFR Floater advance, maturing October 2023 N/A — 4.54 % 5,000 SOFR Floater advance, maturing October 2024 5.68 % 5,000 4.59 % 5,000 Total $ 71,007 $ 71,464 A summary of the scheduled maturities and principal payments of Federal Home Loan Bank advances follows: December 31, 2023 Weighted Average Rate Amount (dollars in thousands) 2024 5.10 % $ 14,979 2025 1.12 % $ 2,002 2026 2.67 % $ 4,524 2027 2.38 % $ 7,047 2028 3.26 % $ 19,570 Thereafter 1.29 % $ 22,885 Total 2.83 % $ 71,007 Actual maturities may differ from the scheduled principal maturities due to call options on the various advances. The Company maintains a master contract agreement with the FHLB, which provides for borrowing up to the lesser of 22.22 times the FHLB stock owned, a determined percentage of the book value of the Company’s qualifying real estate loans, or a determined percentage of the Company’s assets. The FHLB provides both fixed and floating rate advances. Floating rates are tied to short-term market rates of interest such as the Secured Overnight Funding Rate ("SOFR"), federal funds or Treasury bill rates. FHLB advances are subject to a prepayment penalty if they are repaid prior to maturity. The Company had pledged qualifying real estate and commercial and industrial loans with collateral values of approximately $ 173.0 million at December 31, 2023 , and $ 172.4 million at December 31, 2022 . FHLB advances were also secured by $ 4.2 million at December 31, 2023 and $ 3.4 million at December 31, 2022 of FHLB stock owned by the Company. At December 31, 2023 and 2022 , the Company’s available and unused portion of this borrowing agreement totaled $ 100.9 million and $ 100.0 million, respectively. Additional borrowing would require additional purchase of FHLB stock. Additionally, at December 31, 2023 we had a $ 12.0 million federal funds rate line of credit with the BMO Harris Bank, none of which was drawn at December 31, 2023 . The Company also had a $ 9.5 million line of credit at the Federal Reserve based on pledged commercial real estate loans of approximately $ 12.4 million at December 31, 2023 . The Company had no t drawn on the Federal Reserve line as of December 31, 2023 . The Company also has the ability to participate in the Federal Reserve's new Bank Term Funding Program as needed.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans	NOTE 9 — Employee Benefit Plan The Company sponsors a 401(k)-profit sharing plan covering substantially all employees certain age and minimum service requirements. The Company may then match a discretionary percentage of each eligible participant’s contribution. The expense charge to operations for the Company’s matching contributions w ere $ 425 and $ 411 for the years ended December 31, 2023 and 2022 , respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 — Income Taxes The provision for income taxes included in the accompanying consolidated statements of operations consists of the following components: Years ended December 31, 2023 2022 Current tax expense (benefit): Federal $ — $ — State — — Total current tax expense (benefit) — — Deferred tax expense: Federal ( 1,819 ) ( 131 ) State — ( 40 ) Valuation allowance 2,207 — Total deferred tax expense 388 ( 171 ) Provision (credit) for income taxes $ 388 $ ( 171 ) A summary of the sources of differences between income taxes at the federal statutory rate and the provision (credit) for income taxes follows: Years ended December 31, 2023 2022 Amount % of Pretax Income Amount % of Pretax Income Reconciliation of statutory to effective rates: Federal income taxes at statutory rate $ ( 1,345 ) 21.00 % $ ( 67 ) 21.00 % Adjustments for: Increase in cash value of life insurance ( 124 ) 1.94 % ( 89 ) 27.90 % Change in valuation allowance 1,756 ( 27.42 )% — — Other, net 101 ( 1.58 )% ( 15 ) 4.70 % Total income tax expense (benefit) $ 388 ( 6.06 )% $ ( 171 ) 53.60 % Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The net deferred tax asset in the accompanying balance sheet includes the following amounts of deferred tax assets and liabilities: As of December 31, 2023 2022 Deferred tax assets: Allowance for credit losses $ 1,248 $ 875 Deferred compensation 1,046 893 Accrued employee benefits 71 81 NOL and charitable contribution carryforwards 5,610 3,657 Net unrealized losses on available for sale securities 2,564 4,250 Premises and equipment 26 67 ESOP release of shares 66 49 Other 103 97 Total deferred tax assets $ 10,734 $ 9,969 Deferred tax liabilities: Loan fees $ 231 $ 227 Mortgage servicing rights 466 508 FHLB stock dividends 26 26 Total deferred tax liabilities $ 723 $ 761 Net deferred tax asset/liability 10,011 9,208 Valuation allowance ( 3,141 ) ( 934 ) Net deferred tax asset $ 6,870 $ 8,274 Income tax expense (benefit) was $ 388 for the year ended December 31, 2023 and ($ 171 ) for the year ended December 31, 2022. As of December 31, 2023 and December 31, 2022 , the Company had a deferred tax asset valuation allowance of $ 3.1 million and $ 934 , respectively, reducing our net deferred tax assets to $ 6.9 million and $ 8.3 million, at each respective date. On July 5, 2023, the Wisconsin legislature enacted 2023 Wisconsin Act 19 (the "Act"). The Act contains a provision that provides financial institutions with a state tax-exemption for interest, fees and penalties earned on qualifying loans. For the exemption to apply, the loan must be $ 5 million or less, for primarily a business or agricultural purpose, and made to borrowers residing or located in Wisconsin. The exemption first applies to taxable years beginning after December 31, 2022, and applies to loans on the books as of January 1, 2023 and to new loans made after January 1, 2023, that meet the qualifications. The Company currently projects that its Wisconsin state taxable income will be significantly reduced and/or eliminated in the future as a result of this provision. Also a result of this provision, the Company reversed $ 98 in income tax benefits which had been recorded during the first two quarters of 2023 and increased the valuation allowance for deferred tax assets by $ 1.8 million, resulting in a one-time $ 1.9 million increase in tax expense in the third quarter of 2023. Deferred tax assets are deferred tax consequences attributable to deductible temporary differences and carryforwards. After the deferred tax asset has been measured using the applicable enacted tax rate and provisions of the enacted tax law, it is then necessary to assess the need for a valuation allowance. A valuation allowance is needed when, based on the weight of the available positive and negative evidence, it is more likely than not that some portion of the deferred asset will not be realized. As required by generally accepted accounting principles, available evidence is weighted heavily on cumulative losses, with less weight placed on future projected profitability. Realization of the deferred tax asset is dependent on whether there will be sufficient future taxable income, including available tax strategies of the appropriate character in the period during which deductible temporary differences reverse or within the carryforward periods available under tax law. The Company has federal loss carryforwards of approximately $ 16.2 million as of December 31, 2023 . Of this amount, $ 8.3 million represents tax loss carryforwards which have an indefinite carryforward period due to the Tax Cuts and Jobs Act of 2017. The remaining $ 7.9 million of losses begin to expire in 2030 . The Company also has $ 515 of charitable contribution carryforwards that may be applied against future taxable income and begin to expire in 2024. The Company had an ownership change during 2021 which resulted in an annual limitation on the future utilization of both Federal and Wisconsin net operating loss (NOL) carryforwards. The Company has state net operating loss carryforwards totaling approximately $ 33.0 million as of December 31, 2023 , that may be applied against future state taxable income and begin to expire in 2024. The Company also has $ 518 of charitable contribution carryforwards that may be applied against future taxable income which begin to expire in 2024 . With few exceptions, the Company is generally no longer subject to examinations by taxing authorities for years before 2020 for federal tax examinations and 2019 for state tax examinations.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11 — Commitments and Contingencies Legal Matters In the normal course of business, the Company may be involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material adverse effect on the Company’s consolidated financial statements. No legal proceedings existed at December 31, 2023 that would have a material adverse effect on the Company’s consolidated financial statements. Credit Commitments and Contingencies The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These instruments include commitments to extend credit and commitments to sell loans. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual, or notional, amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance- sheet instruments. Since some of the commitments are expected to expire without being drawn upon, and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements of the Company. The contract amounts of credit-related financial instruments at December 31, 2023 and 2022 are summarized below: December 31, 2023 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 1,136 $ 86,201 $ 87,337 Standby letters of credit — 150 150 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,095 — 1,095 Commitments to sell loans 635 — 635 Overdraft protection program commitments 3,758 — 3,758 December 31, 2022 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 3,391 $ 80,631 $ 84,022 Standby letters of credit — 150 150 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 894 — 894 Commitments to sell loans 1,292 — 1,292 Overdraft protection program commitments 3,881 — 3,881 Commitments to extend credit are agreements to lend to a customer at fixed or variable rates, as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The amount of collateral obtained upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable; inventory; property, plant and equipment; real estate; and stocks and bonds. Commitments to sell loans represent commitments obtained by the Company from a secondary market agency to purchase mortgages from the Company at specified interest rates and within specified periods of time. Standby letters of credit are conditional lending commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, all standby letters of credit have expiration dates within one year. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company generally holds collateral supporting these commitments. Standby letters of credit are not reflected in the consolidated financial statements, since recording the fair value of these guarantees would not have a significant impact on the consolidated financial statements. The Company participates in the FHLB Mortgage Partnership Finance Program (the “Program”). In addition to entering into forward commitments to sell mortgage loans to a secondary market agency, the Company enters into firm commitments to deliver loans to the FHLB through the Program. Under the Program, loans are funded by the FHLB, and the Company receives an agency fee reported as a component of gain on sale of loans. The Company had no commitments to deliver loans through the Program as of December 31, 2023. Once delivered to the Program, the Company provides a contractually agreed-upon credit enhancement and performs servicing of the loans. Under the credit enhancement, the Company is liable for losses on loans delivered to the Program after application of any mortgage insurance and a contractually agreed-upon credit enhancement provided by the Program subject to an agreed-upon maximum. The Company receives a fee for this credit enhancement. The Company records a liability for expected losses in excess of anticipated credit enhancement fees. As of December 31, 2023, and 2022 , the Company had no liability outstanding. Unfunded commitments under overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit may or may not require collateral and may or may not contain a specific maturity date.

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	NOTE 12 — Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, investments, and loans. The Company’s cash and cash equivalents are held in demand accounts with various institutions. The Company’s investments are held in a variety of interest-bearing investments including U.S. Treasury notes, obligations from states and political subdivisions, government sponsored agencies and certificates of deposit. Such certificates of deposits are generally within insured limits. The Company has not experienced any historical losses on its investments of cash and cash equivalents. Practically all of the Company’s loans and commitments have been granted to customers in the Company’s market area. Although the Company has a diversified loan portfolio, the ability of their debtors to honor their contracts is dependent on the economic conditions of the counties surrounding the Company. The concentration of credit by type of loan is set forth in Note 4.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Employee Stock Ownership Plan	NOTE 13 — Employee Stock Ownership Plan The Company established a tax qualified Employee Stock Ownership Plan (“ESOP”) for the benefit of its employees in conjunction with our 2019 reorganization. Eligible employees become 20 % vested in their accounts after 1 year of service, 40 % vested after 2 years of service, 60 % vested after 3 years of service, 80 % vested after 4 years of service, and 100 % vested after 5 or more years of service, or earlier, upon death, disability or attainment of normal retirement age. On January 8, 2019, the ESOP purchased 175,528 shares ( 231,047 adjusted for the 2021 conversion) of the Company’s common stock, which was funded by a loan from Old 1895 Bancorp. Unreleased ESOP shares collateralize the loan payable, and the cost of the shares is recorded as contra-equity account in the stockholders’ equity of the Company. Shares are to be released as debt payments are made by the ESOP to the loan. The ESOP’s sources of repayment of the loan can include dividends, if any, on the unallocated stock held by the ESOP, and discretionary contributions from the Company to the ESOP and earnings thereon. As part of the mutual-to-stock conversion and stock offering completed on July 14, 2021, the ESOP refinanced the aforementioned loan with New 1895 Bancorp, enabling the ESOP to purchase an aggregate of 283,360 additional shares of common stock. The ESOP completed the purchase of all the additional 283,360 shares at an average price of $ 10.90 in the second quarter of 2022. Compensation expense for the ESOP is recorded at an amount equal to the shares allocated by the ESOP multiplied by the average fair market value of the shares during the period. The Company recognizes compensation expense ratably over the year based upon the Company’s estimate of the number of shares expected to be allocated by the ESOP. Unearned compensation applicable to the ESOP is reflected as a reduction of stockholders’ equity in the consolidated balance sheet. The difference between the average fair market value and the cost of the shares allocated by the ESOP is recorded as an adjustment to stockholders’ equity. The Company recognized $ 129 and $ 200 in compensation expense for the years ended December 31, 2023 and December 31, 2022, respectively. The following table provides the allocated and unallocated shares of common stock associated with the ESOP as of December 31, 2023 and 2022. December 31, December 31, (dollars in thousands) Shares committed to be released 19,730 19,730 Total allocated shares 51,719 36,170 Total unallocated shares 434,062 453,792 Total ESOP shares 505,511 509,692 Fair value of unallocated shares (based on $ 6.99 and $ 10.00 share $ 3,034 $ 4,538

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 14 — Related-Party Transactions A summary of loans to directors, executive officers, and their affiliates follows: December 31, December 31, 2022 (in thousands) Beginning balance $ 1,015 $ 932 Adjustments due to changes in directors, executive officers, and/or principal ( 167 ) — New loans 218 169 Repayments ( 71 ) ( 86 ) Ending balance $ 995 $ 1,015 Deposits from directors, executive officers, and their affiliates totaled $ 729 and $ 583 at December 31, 2023 and 2022, respectively. The Company utilizes the services of law firms in which certain of the Company’s directors are partners. Fees paid to the firms were $ 24 during the years ended December 31, 2023 and 2022 , respectively.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value	NOTE 15 — Fair Value ASC Topic 820, Fair Value Measurements and Disclosures defines fair values, establishes a framework for measuring fair value and expands disclosures about fair value measurements. This accounting standard applies to reported balances that are required or permitted to be measured at fair value under existing accounting pronouncements. The standard also emphasizes that fair value (i.e., the price that would be received in an orderly transaction that is not a forced liquidation or distressed sale at the measurement date), among other things, is based on exit price versus entry price, should include assumptions about risk such as nonperformance risk in liability fair values, and is a market-based measurement, not an entity-specific measurement. When considering the assumptions that market participants would use in pricing an asset or liability, this accounting standard establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The fair value hierarchy prioritizes inputs used to measure fair value into three broad levels. Level 1 inputs – In general, fair values determined by Level 1 inputs use quoted market prices in active markets for identical assets or liabilities that we have the ability to access. Level 2 inputs – Fair values determined by Level 2 inputs use inputs other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets where there are few transactions and inputs other than quoted prices that are observable for the asset or liability, such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs – Level 3 inputs are unobservable inputs for the asset or liability and include situations where there is little, if any, market activity for the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. Some assets and liabilities, such as securities available for sale, are measured at fair value on a recurring basis under accounting principles generally accepted in the United States. Other assets and liabilities, such as collateral dependent loans, may be measured at fair value on a nonrecurring basis. Following is a description of the Company’s valuation methodology and significant inputs used for each asset and liability measured at fair value on a recurring or nonrecurring basis, as well as the classification of the asset or liability within the fair value hierarchy. Securities – Marketable equity securities and securities available-for-sale may be classified as Level 1 or Level 2 measurements within the fair value hierarchy. Level 1 securities include equity securities traded on a national exchange. The fair value measurements of Level 1 securities are based on the quoted market price of those securities. Level 2 securities include U.S. Treasury notes, U.S. government and agency securities, obligations of states and political subdivisions, corporate debt securities and mortgage-related securities. The fair value measurements of Level 2 securities are obtained from independent pricing services and are based on recent sales of similar securities and other observable market data. Collateral dependent loans – Loans are not measured at fair value on a recurring basis. However, loans determined to be collateral dependent may be measured at fair value on a nonrecurring basis. The fair value measurements of collateral-dependent loans are based on the fair values of the underlying collateral. Independent appraisals are obtained to determine the fair values of underlying collateral, and generally utilize one or more valuation methodologies, typically includes comparable sales and income approaches. Management routinely evaluates the fair value measurements of independent appraisers and adjusts those valuations based on differences noted between actual selling prices of collateral and the most recently appraised value. Such adjustments are usually significant, which results in a Level 3 classification. All other collateral dependent loan measurements are based on the present value of expected future cash flows discounted at the applicable effective interest rate and are not considered fair value measurements. Rate lock commitments— Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. Accordingly, such commitments, along with any related fees received from potential borrowers, are recorded at fair value in other assets or liabilities, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on fees currently charged to enter into similar agreements for fixed-rate commitments and also considers the difference between current levels of interest rates and the committed rates. While there are Level 2 and 3 inputs used in the valuation models, the Company has determined that one or more of the inputs significant in the valuation of both of the mortgage banking derivatives fall within Level 3 of the fair value hierarchy. The change in fair value is recorded through an adjustment to the statement of operations, within mortgage banking income. Mortgage servicing rights – The Company utilizes an independent valuation from a third party which uses a discounted cash flow model to estimate the fair value of mortgage servicing rights. The model utilizes prepayment assumptions to project cash flows related to the mortgage servicing rights based upon the current interest rate environment, which is then discounted to estimate an expected fair value of the mortgage servicing rights. The model considers characteristics specific to the underlying mortgage portfolio, such as: contractually specified servicing fees, prepayment assumptions, delinquency rates, late charges and costs to service. Given the significance of the unobservable inputs utilized in the estimation process, mortgage servicing rights are classified as Level 3 within the fair value hierarchy. The Company records the mortgage servicing rights at the lower of amortized cost or fair value. Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value: Recurring Fair Value Measurements Using December 31, Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 3,625 $ 3,625 $ — $ — Securities available-for-sale: Obligations of states and political subdivisions 14,231 — 14,231 — Government-sponsored mortgage-backed securities 91,019 — 91,019 — Asset-backed securities 3,572 — 3,572 — Certificates of deposit 737 — 737 — Total $ 113,184 $ 3,625 $ 109,559 $ — Recurring Fair Value Measurements Using December 31, Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 2,924 $ 2,924 $ — $ — Securities available-for-sale: U.S. Treasury notes 26,627 — 26,627 — Obligations of states and political subdivisions 17,656 — 17,656 — Government-sponsored mortgage-backed securities 64,267 — 64,267 — Asset-backed securities 4,517 — 4,517 — Certificates of deposit 1,425 — 1,425 — Total $ 117,416 $ 2,924 $ 114,492 $ — Collateral dependent loans are measured at fair value on a non-recurring basis. There were no collateral dependent loans for which a specific valuation allowance was established as of December 31, 2023 and December 31, 2022. Mortgage servicing rights are measured at fair value on a non-recurring basis. There was no impairment on mortgage servicing rights as of December 31, 2023 or December 31, 2022. For Level 3 assets measured at fair value on a nonrecurring basis, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Input(s) Minimum Value Maximum Value Rate lock commitments 4 Pricing model Pull through rate 75.0 % 100.0 % Mortgage servicing rights 3,269 Pricing models Prepayment rate 6.9 % 34.4 % Discount rate 10.1 % 13.0 % Cost to service $ 83.00 $ 86.00 The Company estimates fair value of all financial instruments regardless of whether such instruments are measured at fair value. The following methods and assumptions were used by the Company to estimate fair value of financial instruments not previously discussed. Cash and cash equivalents —  Fair value approximates the carrying value. Loans held for sale —  Fair value is based on commitments on hand from investors or prevailing market prices. Loans —  Fair value of variable rate loans that reprice frequently is based on carrying values. Fair value of other loans is estimated by discounting future cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings. Fair value of collateral dependent and other non-performing loans is estimated using discounted expected future cash flows or the fair value of the underlying collateral, if applicable. FHLB stock  — Fair value is the redeemable (carrying) value based on the redemption provisions of the Federal Home Loan Bank. Accrued interest receivable and payable  — Fair value approximates the carrying value. Cash value of life insurance  — Fair value is based on reported values of the assets. Deposits and advance payments by borrowers for taxes and insurance  — Fair value of deposits with no stated maturity, such as demand deposits, savings, and money market accounts, including advance payments by borrowers for taxes and insurance, by definition, is the amount payable on demand on the reporting date. Fair value of fixed rate time deposits is estimated using discounted cash flows applying interest rates currently being offered on similar time deposits. FHLB Advances  — Fair value of fixed rate, fixed term borrowings is estimated by discounting future cash flows using the current rates at which similar borrowings would be made. Fair value of borrowings with variable rates or maturing within 90 days approximates the carrying value of those borrowings. The carrying value and estimated fair value of financial instruments follow: December 31, 2023 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 13,250 $ 13,250 $ — $ — Available-for-sale securities 109,559 — 109,559 — Marketable equity securities 3,625 3,625 — — Loans held for sale 704 — 704 — Loans, net 394,834 — — 368,133 Rate lock commitments 4 — — 4 Accrued interest receivable 1,554 1,554 — — Federal Home Loan Bank Stock 4,164 — — 4,164 Cash value of life insurance 14,027 — — 14,027 Financial liabilities: Deposits 403,683 242,535 — 160,303 Advance payments by borrowers for taxes and insurance 1,233 1,233 — — Federal Home Loan Bank advances 71,007 — — 68,462 Accrued interest payable 1,106 1,106 — — December 31, 2022 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 28,344 $ 28,344 $ — $ — Available-for-sale securities 114,492 — 114,492 — Marketable equity securities 2,924 2,924 — — Loans held for sale 125 — 125 — Loans, net 359,574 — — 335,987 Rate lock commitments 6 — — 6 Accrued interest receivable 1,257 1,257 — — Federal Home Loan Bank Stock 3,429 — — 3,429 Cash value of life insurance 14,316 — — 14,316 Financial liabilities: Deposits 387,721 308,162 — 78,418 Advance payments by borrowers for taxes and insurance 1,029 1,029 — — Federal Home Loan Bank advances 71,464 — — 69,633 Accrued interest payable 291 291 — — Limitations —  The fair value of a financial instrument is the current amount that would be exchanged between market participants, other than in a forced liquidation. Fair value is best determined based on quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts, nor is it recorded as an intangible asset on the balance sheets. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

Equity and Regulatory Matters

Equity and Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
Equity and Regulatory Matters	NOTE 16 — Equity and Regulatory Matters The Bank is subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1, Tier 1, and Total capital to risk-weighted assets and of Tier 1 capital to average assets. It is management’s opinion, as of December 31, 2023, that the Bank met all applicable capital adequacy requirements. As of December 31, 2023, the Bank is categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum regulatory capital ratios as set forth in the table. There are no conditions or events since December 31, 2023 that management believes have changed the category. The Bank’s actual capital amounts and ratios are presented in the following tables: December 31, 2023 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 63,101 11.2 % $ 22,574 4.0 % $ 28,217 5.0 % Risk-based: Common Equity Tier 1 63,101 15.1 % 18,751 4.5 % 27,085 6.5 % Tier 1 63,101 15.1 % 25,002 6.0 % 33,336 8.0 % Total 67,710 16.2 % 33,336 8.0 % 41,670 10.0 % December 31, 2022 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 65,497 11.9 % $ 22,086 4.0 % $ 27,608 5.0 % Risk-based: Common Equity Tier 1 65,497 16.6 % 17,711 4.5 % 25,583 6.5 % Tier 1 65,497 16.6 % 23,615 6.0 % 31,486 8.0 % Total 68,700 17.5 % 31,486 8.0 % 39,358 10.0 % On July 29, 2022, the Company adopted a stock repurchase program. On August 26, 2022, the Company received a non-objection letter from the Federal Reserve Bank of Chicago ("FRB") permitting the Company to repurchase 319,766 shares of its common stock, which represented 5 % of the shares outstanding at the time discussions were held with the FRB. The Company began purchasing shares on September 1, 2022 and as of June 7, 2023, the Company had repurchased all 319,766 shares for a total purchase price of $ 3.4 million. On April 28, 2023, the Company adopted a second stock repurchase program. On June 9, 2023, the Company received a non-objection letter from the FRB permitting the Company to repurchase 621,522 shares of its common stock, which represented 10 % of the shares outstanding at the time discussions were held with the FRB. The Company began purchasing shares on June 15, 2023 and as of December 31, 2023, the Company had repurchased 71,029 shares for a total purchase price of $ 501 .

Deferred Compensation

Deferred Compensation	12 Months Ended
	Dec. 31, 2023
Compensation Related Costs [Abstract]
Deferred Compensation	NOTE 17 — Deferred Compensation The Company has obligations to certain retired and active employees and directors under deferred compensation plans. A liability is recorded for the value of the deferred compensation obligations amounting to $ 3.9 million and $ 3.3 million at December 31, 2023 and 2022, respectively. The Company holds marketable equity securities consisting of mutual fund investments and common stock deferred under the plans, which are held in a Rabbi Trust. The Company may sell these securities on a periodic basis in order to pay retirement benefits to plan retirees. There are no gains or losses realized from the sales of marketable equity securities. Benefits of $ 68 were paid during the year ended December 31, 2023 and no benefits were paid during the year ended December 31, 2022 . The amount charged to operations related to administrative fees for deferred compensation plans was $ 14 for the years ended December 31, 2023 and 2022. The Company has entered into various salary continuation agreements with former key officers. The agreements provide for the payment of specified amounts upon each employee’s retirement or death. The liability outstanding under the agreements was $ 126 and $ 160 at December 31, 2023 and 2022, respectively. The amount charged to operations wa s $ 9 and $ 12 for the years ended December 31, 2023 and 2022, respectively.

Earnings (Loss) Per Share (EPS)

Earnings (Loss) Per Share (EPS)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings (Loss) Per Share (EPS)	NOTE 18 — Earnings (Loss) Per Share (EPS) Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding, adjusted for weighted average unallocated ESOP shares, during the applicable period. Diluted earnings per share is computed using the weighted average number of shares determined for the basic earnings per common share computation plus the dilutive effect of stock compensation using the treasury stock method. Antidilutive options are disregarded in earnings per share calculations. For the year ended December 31, 2023, 65,154 shares were excluded, based on average share price, from the computation of diluted earnings per share ("EPS") because the effect would be antidilutive. For the year ended December 31, 2022, 177,059 shares were excluded, based on average share price, from the computation of diluted earnings per share ("EPS") because the effect would be antidilutive. Earnings (loss) per common share for the years ended December 31, 2023 and 2022 is presented in the following table. Year ended December 31, 2023 2022 (In thousands, except per share amounts) Net loss $ ( 6,792 ) $ ( 148 ) Weighted shares outstanding for basic EPS Weighted average shares outstanding 5,977,859 6,216,791 Less: Weighted average unallocated ESOP shares 443,900 441,651 Weighted average shares outstanding for basic EPS 5,533,959 5,775,140 Additional dilutive shares (1) — — Weighted average shares outstanding for dilutive EPS 5,533,959 5,775,140 Basic (loss) per share $ ( 1.23 ) $ ( 0.03 ) Diluted (loss) per share (1) $ ( 1.23 ) $ ( 0.03 ) (1) For 2023 and 2022, the effect of the stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted (loss) calculations.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation	NOTE 19 – Stock Based Compensation Stock-Based Compensation Plans On March 27, 2020, the Company’s stockholders approved the 1895 Bancorp of Wisconsin, Inc. 2020 Equity Incentive Plan (the “2020 Equity Incentive Plan”). A total of 238,467 stock options ( 313,894 stock options adjusted for the 2021 conversion) and 95,387 restricted shares ( 125,557 shares adjusted for the 2021 conversion) were approved for award. As of December 31, 2023, no shares of common stock remained available for grant as stock options, restricted stock or restricted stock units under the 2020 Equity Incentive Plan. The stock options granted to employees and non-employee directors under this plan vest in five installments with the first installment vesting on the first anniversary of the date of grant. The exercise price for all stock options granted is equal to the quoted NASDAQ market close price on the date that the awards were granted and expire ten years after the grant date, if not exercised. The restricted stock awards granted to employees and non-employee directors under this plan vest in five installments with the first installment vesting on the first anniversary of the date of grant. On August 26, 2022, the Company's shareholders approved the 1895 Bancorp of Wisconsin, Inc. 2022 Equity Incentive Plan (the "2022 Equity Incentive Plan"). A total of 354,200 stock options and 141,680 restricted shares were approved for award. As of December 31, 2023, 21,382 shares of common stock remained available for grant as stock options and 44,455 shares remain available for grant as restricted stock or stock units under the 2022 Equity Incentive Plan. The stock options granted to employees and non-employee directors under this plan vest in five installments with the first installment vesting on the first anniversary of the date of grant. The exercise price for all stock options granted is equal to the quoted NASDAQ market close price on the date that the awards were granted and expire ten years after the grant date, if not exercised. The restricted stock awards granted to employees and non-employee directors under this plan vest in five installments with the first installment vesting on the first anniversary of the date of grant. Accounting for Stock-Based Compensation Plan The fair value of stock options granted is estimated on the grant date using a Black-Scholes pricing model. The fair value of restricted shares is equal to the quoted NASDAQ market closing price on the date of grant. The fair value of stock grants is recognized as compensation expense on a straight-line basis over the vesting period of the grants. Compensation expense is included in salaries and employee benefits in the consolidated statements of operations. Assumptions are used in estimating the fair value of stock options granted. The weighted average expected life of the stock options represent the period of time that the options are expected to be outstanding and is based on the historical results from the previous awards. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. The expected volatility is based on the actual volatility of 1895 Bancorp of Wisconsin, Inc. stock for the weighted average lifetime period prior to issuance date. The following assumptions were used in estimating the fair value of options granted in the years ended December 31, 2023 and December 31, 2022: For the Twelve Months Ended December 31, December 31, Dividend yield 0.00 % 0.00 % Risk-free interest rate 3.59 % 3.83 % Expected volatility 24.64 % 24.64 % Weighted average expected life (years) 6.50 6.50 Weighted average per share value of options $ 3.37 $ 3.47 Based on the assumptions above, the estimated weighted average grant-date fair value of options granted was $ 10,000 during the year ended December 31, 2023. A summary of the Company’s stock option activity for the years ended December 31, 2023 and 2022 is presented below. Stock Options Shares Weighted Average Exercise Price Weighted Average Remaining in Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2021 300,720 $ 6.19 8.40 $ 1,443,067 Granted 355,410 10.02 — — Exercised — — N/A N/A Forfeited — — N/A N/A Outstanding December 31, 2022 656,130 8.27 8.69 $ 1,122,214 Options exercisable at December 31, 2022 112,824 6.09 7.35 $ 432,408 Stock Options Shares Weighted Average Exercise Price Weighted Average Remaining in Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2022 656,130 $ 8.27 8.69 $ 1,122,214 Granted 3,000 9.94 6.50 — Exercised ( 3,159 ) 5.96 N/A 4,746 Forfeited ( 52,703 ) 8.22 N/A N/A Vested shares expired ( 3,158 ) 5.96 N/A N/A Outstanding December 31, 2023 600,110 8.30 7.49 238,951 Options exercisable at December 31, 2023 229,818 7.24 6.48 152,831 The following table summarizes information about the Company’s nonvested stock option activity for the years ended December 31, 2023 and December 31, 2022: Stock Options Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2021 248,043 $ 1.58 Granted 355,410 3.47 Vested (1) ( 60,147 ) 1.56 Forfeited — — Nonvested at December 31, 2022 543,306 $ 2.82 Nonvested at December 31, 2022 543,306 $ 2.82 Granted 3,000 3.37 Vested (2) ( 123,311 ) 2.57 Forfeited ( 52,703 ) 2.55 Nonvested at December 31, 2023 370,292 $ 2.94 (1) Inclu des 2,105 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer. (2) Inclu des 2,106 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer. The Company amortizes the expense related to stock options as compensation expense over the vesting period. The Company recognized $ 302,000 and $ 152,000 i n stock option expense during the years ended December 31, 2023 and December 31, 2022, respectively. At December 31, 2023 , the Company had $ 977,000 in estimated unrecognized compensation costs related to outstanding stock options that is expected to be recognized over a weighted average period of 3.52 years. The following table summarizes information about the Company’s restricted stock activity for the years ended December 31, 2023 and 2022: Restricted Stock Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2021 97,128 $ 6.25 Granted 137,753 10.02 Vested (1)(2) ( 23,532 ) 6.20 Forfeited — — Nonvested at December 31, 2022 211,349 $ 8.71 Nonvested at December 31, 2022 211,349 $ 8.71 Granted — — Vested (1)(3) ( 48,667 ) 8.21 Forfeited ( 18,385 ) 8.15 Nonvested at December 31, 2023 144,297 $ 8.95 (1) Includ es 263 shares vested under a restricted stock inducement award to the Company's President and Chief Executive Officer. (2) Includes 7,238 shares surrendered by employees to cover payroll tax costs related to the vested shares. (3) Include s 7,238 sha res surrendered by employees to cover payroll tax costs related to the vested shares. The Company amortizes the expense related to restricted stock awards as compensation expense over the vesting period. The Company recognize d $ 376,000 and $ 211,000 in restricted stock expense during the years ended December 31, 2023 and December 31, 2022, respectively. At December 31, 2023, the Company ha d $ 1.2 million of unrecognized compensation expense related to restricted stock shares that is expected to be recognized over a weighted average period of 3.43 years.

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract]
Parent Company Only Financial Statements	NOTE 20 – Parent Company Only Financial Statements 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Organization	Organization 1895 Bancorp of Wisconsin, Inc., a Maryland corporation (the “Company”, “New 1895 Bancorp”) was formed to serve as the stock holding company for PyraMax Bank, FSB (the “Bank”) as part of the mutual-to-stock conversion of 1895 Bancorp of Wisconsin, MHC. Upon completion of the conversion, which occurred on July 14, 2021, 1895 Bancorp of Wisconsin, MHC and 1895 Bancorp of Wisconsin, a federal corporation (“Old 1895 Bancorp”) ceased to exist and New 1895 Bancorp became the successor corporation to Old 1895 Bancorp. The conversion was accomplished by the merger of 1895 Bancorp of Wisconsin, MHC with and into Old 1895 Bancorp followed by the merger of Old 1895 Bancorp with and into New 1895 Bancorp. The shares of New 1895 Bancorp common stock that were offered for sale in connection with the conversion represented the majority ownership interest in Old 1895 Bancorp owned by 1895 Bancorp of Wisconsin, MHC. On July 14, 2021, public stockholders of Old 1895 Bancorp received 1.3163 shares of common stock of New 1895 Bancorp in exchange for each of their shares of Old 1895 Bancorp. The shares of Old 1895 Bancorp common stock owned by 1895 Bancorp of Wisconsin, MHC were canceled at that time. The conversion and offering were completed on July 14, 2021, and New 1895 Bancorp was organized as a fully public stock holding company, with 100 % of the common stock being held by the public. The audited consolidated financial statements and other financial information contained in these consolidated financial statements are for New 1895 Bancorp. The cost of the reorganization and the issuing of the common stock totaling $ 2.0 million were deferred and deducted from the sales proceeds of the offering. PyraMax Bank is a stock savings bank headquartered in Greenfield, Wisconsin. PyraMax Bank operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential, and consumer loans and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin, area. PyraMax Bank is subject to competition from other financial and nonfinancial institutions providing financial products. In addition, PyraMax Bank is subject to the regulations of certain regulatory agencies and undergoes periodic examination by those regulatory agencies. Jumpstart Our Business Startups Act On April 5, 2012, the Jumpstart Our Business Startups Act (the “JOBS Act”) was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies and define an “emerging growth company.” As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company intends to take advantage of the benefits of the extended transition periods allowed under the JOBS Act. Accordingly, the Company’s financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards in Note 1 reflect those that relate to non-issuer companies.
Use of Estimates	Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”), management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, mortgage servicing rights, the fair values of financial instruments, and the valuation of deferred income tax assets.
Revenue Recognition	Revenue Recognition Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (Topic 606), established principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The core principle requires an entity recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized as performance obligations are satisfied. The majority of the Company’s revenue-generating transactions are not subject to Topic 606, including all interest and dividend income generated from financial instruments. Certain noninterest income items, including loan servicing income, gain on sales of loans, gain on sales of securities, and other noninterest income have been evaluated to not fall within the scope of Topic 606. Elements of noninterest income that are within Topic 606 are as follows: Fee income on deposit accounts – Revenue from fees charged on deposit accounts is earned through deposit-related services; as well as account maintenance and management, overdraft, non-sufficient funds and other deposit-related fees. Revenue is recognized either over time, corresponding with the deposit accounts’ monthly cycle, or at a point in time when transactional based fees and services occur. The review of service charges assessed on deposit accounts included the amount of variable consideration that is a part of the monthly charges. Sale of foreclosed assets – Revenue from the sale of foreclosed assets is recognized at a point in time when control of the promised asset transfers to the buyer. The Company uses the following indicators to determine when control of a promised asset has been transferred: the seller has a present right to payment for the asset; the buyer has legal title of the asset; the seller has transferred physical possession of the asset; the buyer has the significant risks and rewards of ownership of the asset; or the buyer has accepted the asset. Merchant card arrangement fees – Customers use a Bank-issued debit or credit card to purchase goods and services, and the Company earns interchange fees on these transactions, typically a percentage of the sale amount of the transaction. The Company records the amount due when it receives the settlement from the payment network. Payments from the payment network are received and recorded into income on a daily basis. There are no contingent debit or credit card interchange fees recorded by the Company that could be subject to a clawback in future periods.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, interest-bearing and non-interest-bearing accounts in other financial institutions, and federal funds sold, all of which have original maturities of three months or less.
Available for Sale Securities	Marketable Equity Securities The Company holds marketable equity securities, which have a readily determinable fair value, and consist of mutual fund investments and common equity. These securities are recorded at fair value with unrealized gains and losses, due to change in fair value, reflected in noninterest income. Gains and losses on the sale of marketable equity securities are recorded on the trade date and determined using the specific-identification method. The portion of unrealized gains (losses) for the period related to marketable equity securities still held as of December 31, 2023 and 2022 was $ 663 and ($ 714 ), respectively. Available-for-Sale Securities Securities classified as available-for-sale are those securities that the Company intends to hold for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available for sale would be based on various factors, including significant movements in interest rates, changes in the maturity mix of the Company’s assets and liabilities, liquidity needs, regulatory capital requirements, and other similar factors. Securities classified as available for sale are carried at fair value. Unrealized gains or losses are reported as increases or decreases in other comprehensive income (loss), net of the related deferred tax effect. Realized gains or losses, determined on the basis of the cost of specific securities sold, are included in earnings. Gains and losses on the sale of securities are recorded on the trade date and determined using the specific-identification method. Interest and dividends on available securities are recognized as income when earned. Amortization of premiums and accretion of discounts for noncallable securities are recognized in interest income using the interest method over the estimated lives of the securities. The estimated lives of callable securities are calculated using the first call date. The Company excludes accrued interest receivable from the amortized cost basis of securities available for sale when estimating credit losses and when presenting required disclosures in the financial statements. Accrued interest on securities available for sale totaling $ 473 and $ 382 at December 31, 2023 and 2022, respectively, was excluded from the amortized cost basis of securities available for sale. The accrual of interest on a security available for sale is discontinued when management believes the issuer will be unable to make payments as they become due. When securities are placed on nonaccrual status, all unpaid accrued interest is reversed against income. No accrued interest was written off during 2023 and 2022.
Credit Losses for Available-for-Sale Securities	Credit Losses for Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of these criteria are met, the Company will write-down the security to fair value as a component of current period earnings. For available-for-sale securities that do not meet either of these criteria, the Company determines whether the decline is value has resulted from credit losses or other factors. This evaluation takes into consideration current market conditions, issuer rating changes and trends, the credit worthiness of the obligator of the security, current analysts’ evaluations, and failure of the issuer to make scheduled interest or principal payments. If the Company determines a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost of the security. If the present value of cash flows expected to be collected are less than the amortized cost, an allowance for credit losses is recorded, which is limited by the amount the fair value is less than the amortized cost basis. Any impairment that is not recorded through an allowance for credit losses is recognized in other comprehensive income (loss).
Loans Held for Sale	Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. Gains or losses on sales of mortgage loans are recognized based on the difference between the selling price and the carrying value of the related mortgage loan sold.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff generally are reported at their outstanding unpaid principal balances adjusted for deferred loan fees and costs, charge-offs, and an allowance for credit losses. Interest on loans is accrued and credited to income based on the unpaid principal balance. Loan-origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued when, in the opinion of management, there is an indication that the borrower may be unable to make payments as they become due. When loans are placed on non-accrual status or charged off, all unpaid accrued interest is reversed against interest income. The interest on these loans is subsequently accounted for on the cash-basis or cost-recovery method until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Credit Losses	Allowance for Credit Losses Under the current expected credit loss (“CECL”) model, the allowance for credit losses ("ACL") on financial assets is a valuation allowance estimated at each balance sheet date in accordance with GAAP that is deducted from the financial assets’ amortized cost basis to present the net amount expected to be collected on the financial assets. The CECL model also applies to certain off-balance sheet credit exposures. The Company estimates the allowance for credit losses on loans based on the underlying assets’ amortized cost basis, which is the amount at which the financing receivable is originated or acquired, adjusted for applicable accretion or amortization of premium, discount, net deferred fees or costs, collection of cash, and charge-offs. In the event that collection of principal becomes uncertain, the Company has policies in place to write-off accrued interest receivable by reversing interest income at the time of this determination. This write-off will occur within 90 days of the determination that the collection of principal becomes uncertain. Therefore, the Company has made a policy election to exclude accrued interest from the amortized cost basis and therefore excludes it from the measurement of the allowance for credit losses. Accrued interest on loans totaling $ 1.1 million and $ 874 at December 31, 2023 and 2022, respectively, was excluded from the amortized cost basis of loans. Expected credit losses are reflected in the allowance for credit losses through a charge to provision for credit losses. The Company’s estimate of the allowance for credit losses reflects credit losses currently expected over the remaining contractual life of the assets. When the Company deems all or a portion of a financial asset to be uncollectible, the appropriate amount is written off and the allowance for credit losses is reduced by the same amount. The Company applies judgment to determine when a financial asset is deemed uncollectible. When available information confirms that specific financial assets, or portions thereof, are uncollectible, these amounts are charged off against the allowance for credit losses. Subsequent recoveries, if any, are credited to the allowance for credit losses when received. The Company measures the allowance for credit losses of financial assets on a collective portfolio segment basis when the financial assets share similar risk characteristics. The Company has identified the following portfolio segments of financial assets with similar risk characteristics for measuring expected credit losses: Commercial real estate : These loans are dependent on the industries tied to these loans. Commercial real estate loans are secured primarily by office and industrial buildings, warehouses, small retail shopping facilities, and various special-purpose properties, including hotels and restaurants. Financial information is obtained from borrowers and/or the individual project to evaluate cash flow sufficiency to service debt and is periodically updated during the life of the loan. Loan performance may be adversely affected by factors impacting the general economy or conditions specific to the real estate market, such as geographic location and/or property type. Land development: These loans are secured by vacant land and/or property that are in the process of improvement, including (a) land development preparatory to erecting vertical improvements or (b) the on-site construction of industrial, commercial, residential, or farm buildings. Repayment of these loans can be dependent on the sale of the property to third parties or the successful completion of the improvements by the builder for the end user. In the event a loan is made on property that is not yet improved for the planned development, there is the risk that necessary approvals will not be granted or will be delayed. Construction loans also run the risk that improvements will not be completed on time or in accordance with specifications and projected costs. Commercial Other: This loan category is comprised of commercial and industrial loans. Commercial and industrial loans are extended primarily to small and middle market customers. Such credits typically comprise working capital loans, asset acquisition loans, and loans for other business purposes. Loans to closely held businesses are generally guaranteed in full by the owners of the business. Commercial and industrial loans are made based primarily on the historical and projected cash flow of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of the borrowers, however, may not behave as forecasted and collateral securing loans may fluctuate in value due to economic or individual performance factors. Minimum standards and underwriting guidelines have been established for commercial and industrial loans. Residential real estate: These loans are generally to individuals and are underwritten by evaluating the credit history of the borrower, the ability of the borrower to meet the debt service requirements of the loan and total debt obligations, the underlying collateral, and the loan to collateral value. Underwriting standards for residential real estate owner-occupied loans are heavily influenced by statutory requirements, which include, but are not limited to, loan-to-value and affordability ratios, risk-based pricing strategies, and documentation requirements. Consumer: These loans may take the form of installment loans, demand loans, or single payment loans, and are extended to individuals for household, family, and other personal expenditures. These loans generally include direct consumer automobile loans and credit card loans. Also included in this category are junior liens on 1-4 family residential properties. These loans are generally smaller in size and are underwritten by evaluating the credit history of the borrower, the ability of the borrower to meet the debt service requirements of the loan and total debt obligations. The Company further segments the commercial loan portfolios by risk rating and the residential and consumer loan portfolios by delinquency. The Company utilizes the weighted average remaining maturity methodology to measure the ACL. This methodology incorporates both quantitative and qualitative information to assess lifetime expected credit losses at the portfolio segment level. The quantitative component includes the calculation of loss rates that are based on historical lookback periods. The Company calculates a loss rate based on historical loan level loss experience for portfolio segments with similar risk characteristics. The historical loss rate is adjusted for select macroeconomic variables that consider both historical trends as well as forecasted trends. The Company utilizes a period of two years for these forecasted trends, with immediate reversion. The Company measures expected credit losses of these financial assets by applying loss rates to the amortized cost basis of each asset taking into consideration amortization, prepayment and default assumptions. The Company considers qualitative adjustments to expected credit loss estimates for information not already captured in the loss estimation process. Qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Adjustments will not be made for information that has already been considered and included in the quantitative component. Qualitative loss factors are based on management's judgment of company, market, industry or business specific data, changes in loan composition, performance trends, regulatory changes, uncertainty of macroeconomic forecasts, and other asset specific risk characteristics. Prior to January 1, 2023, the Company used an incurred loss model to estimate the allowance for loan losses. This methodology included allocations for specifically identified impaired loans and loss factors for all remaining loans. A loan is considered impaired when, based on current information, it is probable that the Company will not collect all amounts due in accordance with the contractual terms of the loan agreement. The allowance for impaired loans was generally based on the present value of expected future cash flows or the fair value of the collateral. Loans that were not determined to be impaired were collectively evaluated for impairment based on loan segments with similar risk characteristics and the historical loss rates for each for each segment and other qualitative factors.
Collateral Dependent Financial Assets	Collateral Dependent Financial Assets For collateral dependent financial assets where the Company has determined that foreclosure of the collateral is probable and where the borrower is experiencing financial difficulty, the allowance for credit losses is measured based on the difference between the fair value of the collateral and the amortized cost basis of the asset as of the measurement date. Fair value is generally calculated based on the value of the underlying collateral less estimated costs to sell.
Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures	Loan Commitments and Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Financial assets include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to loan credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures through a charge to provision for credit losses for off-balance sheet credit exposures that are not unconditionally cancellable by the Company. The allowance for credit losses on off-balance sheet credit exposures is estimated by portfolio segment at each balance sheet date under the CECL model using the same methodologies as portfolio loans, taking into consideration management’s assumption of the likelihood that funding will occur, and is included in other liabilities on the Company’s Consolidated Balance Sheets.
Premises and Equipment	Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Provisions for depreciation are computed on straight-line method over the estimated useful lives of the assets.
Operating Leases	Operating Leases The Company accounts for its operating leases in accordance with ASC 842, Leases, which requires lessees to record all leases with a term longer than 12 months on the balance sheet as a right-of-use asset and lease liability for leases. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company's current lease agreement is classified as an operating lease. The operating lease right-of-use asset represents the right to use an underlying asset during the lease term (included in other assets on the consolidated balance sheets), while the operating lease liability represents the obligation to make lease payments arising from the lease (included in other liabilities on the consolidated balance sheets). The right-of-use asset and lease liability are recognized at lease commencement based on the present value of the remaining lease payments, considering a discount rate that represents the Company's incremental borrowing rate. Operating lease expense is recognized on a straight-line basis over the lease term and is recognized in occupancy and equipment on the consolidated statements of operations. See Note 5 for additional information and disclosures on operating leases.
Mortgage Servicing Rights	Mortgage Servicing Rights The Company sells residential mortgage loans in the secondary market and, on a selective basis, retains the right to service the loans sold. Upon sale, a mortgage servicing rights asset is capitalized, which represents the then current fair value of future net cash flows expected to be realized for performing servicing activities. Mortgage servicing rights, when purchased, are initially recorded at fair value. Mortgage servicing rights are amortized over the period of estimated net servicing income, and assessed for impairment at each reporting date. Mortgage servicing rights are carried at the lower of the initial capitalized amount, net of accumulated amortization, or estimated fair value, and are included in other assets, net in the consolidated balance sheets. To the extent that the Company sells mortgage servicing rights, a gain is recognized for the amount of which sale proceeds exceed the remaining unamortized cost of the servicing rights that were sold. Recognized gains on sale of mortgage servicing rights are included in other noninterest income in the consolidated statements of operations. The fair value of mortgage servicing rights is estimated using a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as costs to service, a discount rate, the custodial earnings rate, ancillary income, default rates and losses, and prepayment speeds. The fair value of mortgage servicing rights may change because of changes in the discount rates, prepayment expectations, default rates, and other factors. Mortgage servicing rights are amortized into income in proportion to and over the period of the estimated future net servicing income of the underlying loans. Mortgage servicing rights are evaluated for impairment at each reporting date and whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The evaluation includes stratifying the mortgage servicing rights by predominant characteristics such as interest rates and terms and estimating fair value of each stratum. Impairment is recognized through a valuation allowance for an individual stratum to the extent that fair value is less than the carrying amount for the stratum.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock The Company’s investment in Federal Home Loan Bank (“FHLB”) stock is carried at cost. The Company is required to hold the stock as a member of the FHLB, and transfer of the stock is substantially restricted. The stock is pledged as collateral for outstanding FHLB advances. The stock is evaluated for impairment on an annual basis.
Foreclosed Assets	Foreclosed Assets Assets acquired through or in lieu of loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management, and the assets are carried at the lower of carrying amount or fair value less costs to sell. Revenue and expenses from operations and changes in the valuation allowance are included in net foreclosed asset expense. There were no foreclosed assets as of December 31, 2023 and 2022 , respectively. There were no residential real estate loans in process of foreclosure at December 31, 2023 and 2022 , respectively.
Cash value of life insurance	Cash value of life insurance The Company purchased bank owned life insurance on the lives of certain employees. The Company is the beneficiary of the life insurance policies. The cash surrender value of life insurance is reported at the amount that would be received in cash if the policies were surrendered. Increases in the cash value of the policies and proceeds of death benefits received are recorded in noninterest income. The increase in cash value of life insurance is not subject to income taxes, as long as the Company has the intent and ability to hold the policies until the death benefits are received.
Income Taxes	Income Taxes Amounts provided for income tax expense are based on income reported for financial statement purposes and do not necessarily represent amounts currently payable under tax laws. Deferred income tax assets and liabilities are computed annually for differences between the financial statement and income tax basis of assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion of the deferred tax asset will not be realized. We exercise significant judgment in evaluating the amount and timing of recognition of the resulting tax liabilities and assets. These judgments require us to make projections of future taxable income including consideration of applicable tax planning strategies. The judgments and estimates we make in determining our deferred tax assets, which are inherently subjective, weigh all positive and negative evidence and are reviewed on a regular basis as regulatory and business factors change. Any reduction in estimated future taxable income may require us to increase the valuation allowance against our deferred tax assets. As changes in tax laws or rates are enacted, deferred income tax assets and liabilities are adjusted through the provision for income taxes. The differences relate principally to the allowances for credit losses, deferred compensation, and mortgage servicing rights. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is more likely than not to be sustained on audit, based on the technical merits of the position. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more likely than not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Based on its evaluation, the Company has concluded that there are no significant uncertain tax positions requiring recognition in its consolidated financial statements. The Company’s policy is to recognize interest and penalties related to income tax issues as components of income tax expense. During the periods shown, the Company did not recognize any interest or penalties related to income tax expense in its statements of operations.
Employee Benefit Plans	Employee Benefit Plans The Company has employee benefit plans for qualified employees. The Company’s policy is to fund contributions as accrued.
Off-Balance Sheet Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Company has entered into off-balance-sheet financial instruments including commitments to extend credit, unfunded commitments under lines of credit, and standby letters of credit. Such financial instruments are recorded in the consolidated financial statements when they become payable.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Rate Lock Commitments	Rate Lock Commitments The Company enters into commitments to originate loans, whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. Accordingly, such commitments, along with any related fees received from potential borrowers, are recorded at fair value in other assets or liabilities, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on fees currently charged to enter into similar agreements and for fixed-rate commitments also considers the difference between current levels of interest rates and the committed rates.
Advertising	Advertising Advertising costs are expensed as incurred.
Other Comprehensive Loss	Other Comprehensive Loss Other comprehensive loss is shown on the statements of comprehensive loss. The Company’s accumulated other comprehensive loss is composed of the unrealized gain (loss) on securities available for sale, net of tax and is shown on the statements of changes in stockholders’ equity. Reclassification adjustments out of other comprehensive loss for losses realized on sales of securities available for sale comprise the entire balance of “net loss on sale of securities” on the statements of operations. As part of this reclassification, income tax expense of approximately $ 951 and $ 0 was recognized for the years ended December 31, 2023 and 2022, respectively, in “income tax expense (benefit)” on the statements of operations.
Reclassifications	Reclassifications Certain reclassifications have been made to the 2022 consolidated financial statements to conform to the 2023 classifications. Subsequent events Management has reviewed the Company’s operations for potential disclosure or financial statement impacts related to events occurring after December 31, 2023, but prior to the release of these consolidated financial statements. There were no additional subsequent event disclosures or financial statement impacts related to events occurring after December 31, 2023 that warranted adjustment to or disclosure in these consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements On January 1, 2023, the Company adopted Accounting Standards Update ("ASU") 2016-13, Financial Instruments—Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) ("ASU 2016-13"), as amended. ASU 2016-13 requires organizations to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. The Company adopted ASU 2016-13 as of January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. The adoption of ASU 2016-13 resulted in an initial increase of $ 412,000 to the ACL for loans and the establishment of a $ 665,000 ACL for unfunded loan commitments. The ACL for unfunded loan commitments is included in other liabilities on the Company's Consolidated Balance Sheets. The after-tax cumulative-effect adjustment of $ 783,000 was recorded in retained earnings as of January 1, 2023. In March 2022, the Financial Accounting Standards Board ("FASB") issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , which eliminates the accounting guidance for troubled debt restructurings by creditors, while enhancing disclosure requirements for certain loan refinancings and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, ASU 2022-02 requires that an entity disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, Financial Instruments—Credit Losses . The Company adopted ASU 2022-02 as of January 1, 2023 New Accounting Standards That Have Not Yet Been Adopted The following Accounting Standards Updates (“ASU”) have been issued by the Financial Accounting Standards Board (the “FASB”) and may impact the Company’s consolidated financial statements in future reporting periods: In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , that requires presentation of specific categories of reconciling items, as well reconciling items that meet a quantitative threshold, in the reconciliation between the income tax provision and the income tax provision using statutory tax rates. The standard also requires disclosure of income taxes paid disaggregated by jurisdiction with separate disclosure of income taxes paid to individual jurisdictions that meet a quantitative threshold. The amendments in this accounting standard are effective for fiscal years beginning after December 15, 2024, on a prospective basis. Early adoption and retrospective application are permitted. We do not expect the adoption of this accounting standard to have an impact on our Consolidated Financial Statements but will require certain additional disclosures. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , that requires disclosure of significant segment expenses that are regularly reviewed by the chief operating decision maker and included within each reported measure of segment profit or loss. The standard also requires disclosure of the composition of other segment items included in the measure of segment profit or loss that are not separately disclosed. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. We do not expect the adoption of this accounting standard to have an impact on our Consolidated Financial Statements.

Available for Sale Securities (

Available for Sale Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Costs and Fair Value of Securities Available for Sale	Amortized costs and fair values of available for sale securities are summarized as follows: December 31, 2023 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) Obligations of states and political subdivisions 17,043 3 ( 2,815 ) 14,231 Government-sponsored mortgage-backed securities 97,674 305 ( 6,960 ) 91,019 Asset-backed securities 3,593 — ( 21 ) 3,572 Certificates of deposit 745 — ( 8 ) 737 Total $ 119,055 $ 308 $ ( 9,804 ) $ 109,559 December 31, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (in thousands) U.S. Treasury notes $ 29,597 $ — $ ( 2,970 ) $ 26,627 Obligations of states and political subdivisions 21,379 6 ( 3,729 ) 17,656 Government-sponsored mortgage-backed securities 73,235 $ — ( 8,968 ) 64,267 Asset-backed securities 4,563 $ — ( 46 ) 4,517 Certificates of deposit 1,459 $ — ( 34 ) 1,425 Total $ 130,233 $ 6 $ ( 15,747 ) $ 114,492
Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values	Gross unrealized losses on securities available-for-sale and the fair values of the related securities, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position were as follows: December 31, 2023 Less than 12 months 12 months or longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) Obligations of states and political — — 13,889 ( 2,815 ) 13,889 ( 2,815 ) Government-sponsored mortgage-backed — — 40,983 ( 6,960 ) 40,983 ( 6,960 ) Asset-backed securities 1,740 ( 5 ) 1,832 ( 16 ) 3,572 ( 21 ) Certificates of deposit — — 737 ( 8 ) 737 ( 8 ) Total $ 1,740 $ ( 5 ) $ 57,441 $ ( 9,799 ) $ 59,181 $ ( 9,804 ) December 31, 2022 Less than 12 months 12 months or longer Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss (in thousands) U.S. Treasury notes $ — $ — $ 26,627 $ ( 2,970 ) $ 26,627 $ ( 2,970 ) Obligations of states and political 5,088 ( 396 ) 12,145 ( 3,333 ) 17,233 ( 3,729 ) Government-sponsored mortgage-backed 19,084 ( 1,310 ) 45,183 ( 7,658 ) 64,267 ( 8,968 ) Asset-backed securities 4,517 ( 46 ) — — 4,517 ( 46 ) Certificates of deposit 1,425 ( 34 ) — — 1,425 ( 34 ) Total $ 30,114 $ ( 1,786 ) $ 83,955 $ ( 13,961 ) $ 114,069 $ ( 15,747 )
Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity	The amortized costs and fair values of available-for-sale securities, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. In addition, expected maturities will differ from contractual maturities for mortgage-backed securities and asset-backed securities, as the expected repayment terms may be less than the underlying mortgage pool contractual maturities. Therefore, these securities are not included in the maturity categories in the maturity summary below. December 31, 2023 Amortized Cost Fair Value (in thousands) Debt and other securities: Due in one year or less $ 830 $ 821 Due after one through 5 years 1,070 1,054 Due after 5 through 10 years 12,774 10,645 Due after 10 years 3,114 2,448 Total debt and other securities 17,788 14,968 Mortgage-related securities 97,674 91,019 Asset-backed securities 3,593 3,572 Total $ 119,055 $ 109,559
Debt Securities Available For Sale Unrealized Loss Position And Aggregate Depreciation [Table Text Block]	The following table presents the number of debt securities in an unrealized loss position and the aggregate depreciation from their amortized cost basis, by security type, as of December 31, 2023. Number of Securities Aggregate Depreciation Obligations of states and political subdivisions $ 16 16.9 % Government-sponsored mortgage-backed securities 25 14.5 % Asset-backed securities 4 0.6 % Certificates of deposit 3 1.1 % Total $ 48 14.2 %
Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses	ell as gross gains and losses, for each of the periods listed below: Year ended December 31, 2023 2022 (in thousands) Proceeds from sales of securities available-for-sale $ 44,437 $ — Gross realized gains $ — $ — Gross realized losses ( 4,529 ) — Net realized loss $ ( 4,529 ) $ —

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans are as follows: December 31, December 31, (in thousands) Commercial: Real estate $ 231,893 $ 210,858 Other 47,898 43,708 Residential real estate: First mortgage 97,747 85,444 Construction 359 3,248 Consumer: Home equity and lines of credit 19,683 18,590 Other 134 99 Subtotal 397,714 361,947 Net deferred loan costs 854 830 Allowance for credit losses for loans ( 3,734 ) ( 3,203 ) Loans, net $ 394,834 $ 359,574
Summary of Activity in Allowance for Loan and Lease Losses	A summary of the activity in the allowance for loan losses by portfolio segment is as follows: Commercial Residential Consumer Total (in thousands) Year ended December 31, 2023 Allowance for credit losses for loans Beginning balance $ 1,944 $ 752 $ 507 $ 3,203 Provision for credit losses 64 22 4 90 CECL Adoption Adjustment (1) 666 75 ( 329 ) 412 Loans charged-off — — ( 10 ) ( 10 ) Recoveries 19 — 20 39 Ending balance $ 2,693 $ 849 $ 192 $ 3,734 Allowance for credit losses for unfunded loan commitments (2) Beginning balance $ — $ — $ — $ — Provision for credit losses 207 3 — 210 CECL Adoption Adjustment (1) 640 25 — $ 665 Ending balance $ 847 $ 28 $ — $ 875 Total Allowance for credit losses for loans and unfunded loan commitments $ 3,540 $ 877 $ 192 $ 4,609 Year ended December 31, 2022 Allowance for loan losses Beginning balance $ 1,657 $ 745 $ 456 $ 2,858 Provision for loan losses 222 — — 222 Loans charged-off — — ( 10 ) ( 10 ) Recoveries 65 7 61 133 Ending balance $ 1,944 $ 752 $ 507 $ 3,203 (1) On January 1, 2023, the Company adopted ASU 2016-13 ("CECL"). See Note 1 for additional information regarding the adoption of ASU 2016-13. (2) The allowance for credit losses for unfunded loan commitments is included in other liabilities on the Company's Consolidated Balance Sheets. The following table presents the components of the provision for credit losses: Year ended December 31, 2023 2022 (in thousands) Provision for credit losses for: Loans $ 90 $ 222 Unfunded loan commitments 210 N/A Total $ 300 $ 222
Summary of Amortized Cost Basis of Loans By Credit Quality Indicator and Origination Year	The following table presents the amortized cost basis of our loans by credit quality indicator and origination year, at December 31, 2023: December 31, 2023 2023 2022 2021 2020 2019 2018 and Prior Revolving Lines of Credit Revolving Lines of Credit Converted to Term Loans Total Loans (in thousands) Commercial real estate: Pass $ 22,486 $ 78,098 $ 40,597 $ 40,914 $ 8,881 $ 34,342 $ 42 $- $ 225,360 Watch and special mention - 232 - - 1,706 328 - - 2,266 Substandard - 1,885 598 - 287 1,075 - - 3,845 Nonaccrual - 79 - - - 343 - - 422 Total commercial real estate 22,486 80,294 41,195 40,914 10,874 36,088 42 - 231,893 Other commercial loans: Pass 16,949 11,347 4,729 974 64 1,488 9,905 - 45,456 Watch and special mention - - 197 31 15 48 828 - 1,119 Substandard - 236 411 - - 116 560 - 1,323 Total other commercial loans 16,949 11,583 5,337 1,005 79 1,652 11,293 - 47,898 Total commercial loans 39,435 91,877 46,532 41,919 10,953 37,740 11,335 - 279,791 Residential real estate - first mortgage: Performing 13,485 14,419 33,619 15,854 3,033 16,680 - - 97,090 Nonaccrual - - - - - 657 - - 657 Total residential real estate - first mortgage 13,485 14,419 33,619 15,854 3,033 17,337 - - 97,747 Residential real estate - construction: Performing 359 - - - - - - - 359 Nonaccrual - - - - - - - - - Total residential real estate - construction 359 - - - - - - - 359 Total residential real estate 13,844 14,419 33,619 15,854 3,033 17,337 - - 98,106 Consumer - home equity and lines of credit: Performing 74 53 142 66 167 1,504 16,939 707 19,652 Nonaccrual - - - - - 31 - - 31 Total consumer - home equity and lines of credit 74 53 142 66 167 1,535 16,939 707 19,683 Consumer - other Performing 73 46 - 7 - 8 - - 134 Nonaccrual - - - - - - - - - Total consumer - other 73 46 - 7 - 8 - - 134 Total consumer 147 99 142 73 167 1,543 16,939 707 19,817 Total loans $ 53,426 $ 106,395 $ 80,293 $ 57,846 $ 14,153 $ 56,620 $ 28,274 $ 707 $ 397,714
Summary of Internal Risk Ratings of Loans	A summary of the credit quality indicators for commercial loans, at amortized cost, prior to the adoption of CECL is presented below: December 31, 2022 Pass Watch and Special Mention Substandard Total (in thousands) Commercial: Real estate $ 206,655 $ 2,932 $ 1,271 $ 210,858 Land development — — — — Other 41,569 35 2,104 43,708 Total $ 248,224 $ 2,967 $ 3,375 $ 254,566
Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans	A summary of the credit quality indicators for residential real estate and consumer loans, at amortized cost, prior to the adoption of CECL is presented below: December 31, 2022 Performing Non-Performing Total (in thousands) Residential real estate: First mortgage $ 84,730 $ 714 $ 85,444 Construction 3,248 — 3,248 Consumer: Home equity and lines of credit 18,535 55 18,590 Other 99 — 99 Total $ 106,612 $ 769 $ 107,381
Summary of Gross Charge-offs of Loans for Portfolio Class By Origination Year	The following table presents gross charge-offs of our loans for each portfolio class, by origination year, that occurred during 2023. See Note 1 for additional information on our charge-off policy. For the twelve months ended December 31, 2023 2023 2022 2021 2020 2019 2018 and Prior Revolving Lines of Credit Revolving Lines of Credit Converted to Term Loans Total Loans (in thousands) Commercial: Real estate $- $- $- $- $- $- $- $- $- Land development - - - - - - - - - Other - - - - - - - - - Total commercial loans - - - - - - - - - Residential real estate: First mortgage - - - - - - - - - Construction - - - - - - - - - Total residential real estate - - - - - - - - - Consumer: Home equity and lines of credit - - - - - - - - - Other 1 3 1 1 - 4 - - 10 Total consumer 1 3 1 1 - 4 - - 10 Total current period charge-offs $ 1 $ 3 $ 1 $ 1 $- $ 4 $- $- $ 10
Schedule of Analysis of Past due Loans	An analysis of past due loans, net of amortized costs, is presented below: December 31, 2023 Loans Past Due 30-89 Days Loans Past Due 90+ Days Total Past Due Current Loans Total Loans (in thousands) Commercial: Real estate $ 79 $ 343 $ 422 $ 231,471 $ 231,893 Land development — — — — — Other — — — 47,898 47,898 Residential real estate: First mortgage 299 52 351 97,396 97,747 Construction — — — 359 359 Consumer: Home equity and lines of credit — — — 19,683 19,683 Other — — — 134 134 Total 378 395 $ 773 $ 396,941 $ 397,714 December 31, 2022 Loans Past Due 30-89 Days Loans Past Due 90+ Days Total Past Due Current Loans Total Loans (in thousands) Commercial: Real estate $ 1,732 $ — $ 1,732 $ 209,126 $ 210,858 Land development — — — — — Other — — — 43,708 43,708 Residential real estate: First mortgage 181 63 244 85,200 85,444 Construction — — — 3,248 3,248 Consumer: Home equity and lines of credit 72 21 93 18,497 18,590 Other 2 — 2 97 99 Total $ 1,987 $ 84 $ 2,071 $ 359,876 $ 361,947
Summary of Information Regarding Non-accrual Loans	The following table presents the amortized cost of our loans on nonaccrual status as of December 31, 2023 and December 31, 2022. All loans that were 90 days or more past due were on nonaccrual status as of December 31, 2023 and December 31, 2022. December 31, December 31, (in thousands) Commercial: Real estate $ 422 $ — Land development — — Other — — Residential real estate: First mortgage 657 714 Construction — — Consumer: Home equity and lines of credit 31 55 Other — — Total nonaccrual loans $ 1,110 $ 769 Total nonaccrual loans to total loans 0.28 % 0.21 % Total nonaccrual loans to total assets 0.20 % 0.14 %
Summary of Collateral Dependent Loans and Related ACL	The table below summarizes collateral dependent loans and the related ACL at December 31, 2023 for which the borrower is experiencing financial difficulty: Loans ACL (in thousands) Commercial: Real estate $ 4,457 $ — Land development — — Other 1,323 — Residential real estate: First mortgage 855 — Construction — — Consumer: Home equity and lines of credit 31 — Other — — Total $ 6,666 —
Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment	A summary of loans evaluated individually and collectively for impairment, at amortized cost, and the related allowance for loan losses, prior to the adoption of CEC L is presented below: December 31, 2022 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 3,525 $ 917 $ 55 $ 4,497 Collectively evaluated for impairment 251,041 87,775 18,634 357,450 Total loans $ 254,566 $ 88,692 $ 18,689 $ 361,947 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,944 752 507 3,203 Total allowance for loan losses $ 1,944 $ 752 $ 507 $ 3,203
Summary of Information Regarding Impaired Loans	Information regarding impaired loans, at amortized cost, prior to the adoption of CECL is presented below: As of and for the Year Ended December 31, 2022 Recorded Investment Unpaid Principal Reserve Average Investment Interest Recognized (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans $ — $ — $ — $ — $ — Impaired loans with no reserve: Commercial: Real estate $ 1,422 $ 1,470 NA $ 3,952 $ 177 Land development — — NA — — Other 2,103 2,103 NA 1,325 110 Residential real estate: First mortgage 917 1,138 NA 1,011 55 Construction — — NA — — Consumer: Home equity and lines of credit 55 60 NA 37 2 Other — — NA — — Total impaired loans 4,497 4,771 NA 6,325 344 Total impaired loans $ 4,497 $ 4,771 $ — $ 6,325 $ 344

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment are stated at cost less accumulated depreciation and are summarized as follows: As of December 31, 2023 2022 Land $ 863 $ 863 Buildings 8,074 8,072 Leasehold improvements 1 1 Furniture and equipment 6,218 6,212 Totals 15,156 15,148 Less: Accumulated depreciation 9,974 9,697 Premises and equipment, net $ 5,182 $ 5,451
Summary of Net Lease Cost	A summary of net lease cost and selected other information related to the operating lease follows: Year ended December 31, 2023 December 31, 2022 Net Lease Cost Operating lease cost $ 87 $ 85 Variable lease cost — — Net lease cost: 87 85 Selected other operating lease information: Weighted average remaining lease terms (years) 3.1 1.2 Weighted average discount rate 1.70 % 1.79 %
Summary of Maturity of Remaining Lease Liabilities	The following table summarizes the maturity of remaining lease liabilities: (in thousands) 2024 $ 89 2025 91 2026 93 2027 16 Sub-total 289 Amounts representing interest ( 7 ) Total $ 282

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2023
Transfers and Servicing [Abstract]
Summary of Changes in Balance of Mortgage Servicing Rights	The following is a summary of changes in the balance of mortgage servicing rights for the periods indicated below: Year Ended December 31, 2023 Year Ended December 31, 2022 (in thousands) Mortgage servicing rights beginning balance $ 1,860 $ 2,036 Additions 52 68 Amortization ( 192 ) ( 244 ) Mortgage servicing rights ending balance $ 1,720 $ 1,860 Fair value at beginning of period $ 3,376 $ 2,477 Fair value at end of period $ 3,269 $ 3,376
Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights	The following table shows the estimated future amortization of mortgage servicing rights for the next five years. The projections of amortization expense are based on existing asset balances as of as of December 31, 2023. The actual amortization expense the Company recognizes in any given period may be significantly different depending on changes in interest rates, market conditions, and regulatory requirements. Estimated future amortization as of December 31, 2023: (in thousands) 2024 $ 206 2025 190 2026 170 2027 149 2028 128 Thereafter 877 Total $ 1,720

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits [Abstract]
Composition of Deposits	The composition of deposits is as follows: December 31, December 31, 2022 (in thousands) Non-interest bearing checking $ 78,476 $ 92,465 Interest bearing checking 28,899 32,514 Money market 88,687 121,215 Statement savings 46,473 61,969 Certificates of deposit 161,148 79,558 Total (1) $ 403,683 $ 387,721 (1) There were no brokered deposits at December 31, 2023 or December 31, 2022 .
Interest Expense on Deposits	Interest expense on deposits is summarized as follows: Years ended December 31, 2023 2022 Interest bearing checking $ 272 $ 76 Money market 2,029 565 Statement savings 25 33 Certificates of deposit 4,020 442 Total $ 6,346 $ 1,116
Scheduled Maturities of Certificates of Deposit	The scheduled maturities of certificates of deposit are as follows: (in thousands) 2023 $ 127,907 2024 20,710 2025 12,218 2026 236 2027 77 Thereafter — Total $ 161,148

FHLB Advances and Other Borro_2

FHLB Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Federal Home Loan Banks [Abstract]
Summary of Federal Home Loan Bank Advances	A summary of Federal Home Loan Bank advances follows: December 31, 2023 December 31, 2022 Rate Amount Rate Amount (dollars in thousands) Open line of credit 5.72 % 8,000 — — Fixed-rate, fixed term advance, maturing February 2023 N/A — 1.62 % 6,500 Fixed-rate, fixed term advance, maturing July 2027 2.90 % 5,000 2.90 % 5,000 Putable advance, maturing July 2029 first option date January 2023 N/A — 1.68 % 5,000 Putable advance, maturing February 2030 first option date February 2023 N/A — 0.98 % 5,000 Putable advance, maturing October 2029 first option date July 2023 N/A — 2.96 % 5,000 Putable advance, maturing January 2028 first option date January 2024 3.44 % 5,000 — Putable advance, maturing February 2028 first option date February 2024 3.63 % 5,000 — — Putable advance, maturing March 2028 first option date March 2024 3.47 % 5,000 — — Putable advance, maturing May 2026 first option date May 2024 3.92 % 2,500 — — Putable advance, maturing May 2028 first option date May 2024 3.51 % 2,500 — — Putable advance, maturing March 2030 first option date March 2025 0.89 % 10,000 0.89 % 10,000 Putable advance, maturing March 2032 first option date March 2027 1.74 % 10,000 1.74 % 10,000 Advanced structured note, payments due monthly, maturing April 2030 1.05 % 6,454 1.05 % 7,435 Advanced structured note, payments due monthly, maturing May 2030 1.19 % 6,553 1.19 % 7,529 SOFR Floater advance, maturing October 2023 N/A — 4.54 % 5,000 SOFR Floater advance, maturing October 2024 5.68 % 5,000 4.59 % 5,000 Total $ 71,007 $ 71,464
Schedule of Maturities of Federal Home Loan Bank Advances	A summary of the scheduled maturities and principal payments of Federal Home Loan Bank advances follows: December 31, 2023 Weighted Average Rate Amount (dollars in thousands) 2024 5.10 % $ 14,979 2025 1.12 % $ 2,002 2026 2.67 % $ 4,524 2027 2.38 % $ 7,047 2028 3.26 % $ 19,570 Thereafter 1.29 % $ 22,885 Total 2.83 % $ 71,007

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision for income taxes included in the accompanying consolidated statements of operations consists of the following components: Years ended December 31, 2023 2022 Current tax expense (benefit): Federal $ — $ — State — — Total current tax expense (benefit) — — Deferred tax expense: Federal ( 1,819 ) ( 131 ) State — ( 40 ) Valuation allowance 2,207 — Total deferred tax expense 388 ( 171 ) Provision (credit) for income taxes $ 388 $ ( 171 )
Schedule of Effective Income Tax Rate Reconciliation	A summary of the sources of differences between income taxes at the federal statutory rate and the provision (credit) for income taxes follows: Years ended December 31, 2023 2022 Amount % of Pretax Income Amount % of Pretax Income Reconciliation of statutory to effective rates: Federal income taxes at statutory rate $ ( 1,345 ) 21.00 % $ ( 67 ) 21.00 % Adjustments for: Increase in cash value of life insurance ( 124 ) 1.94 % ( 89 ) 27.90 % Change in valuation allowance 1,756 ( 27.42 )% — — Other, net 101 ( 1.58 )% ( 15 ) 4.70 % Total income tax expense (benefit) $ 388 ( 6.06 )% $ ( 171 ) 53.60 %
Schedule of Deferred Tax Assets and Liabilities	The net deferred tax asset in the accompanying balance sheet includes the following amounts of deferred tax assets and liabilities: As of December 31, 2023 2022 Deferred tax assets: Allowance for credit losses $ 1,248 $ 875 Deferred compensation 1,046 893 Accrued employee benefits 71 81 NOL and charitable contribution carryforwards 5,610 3,657 Net unrealized losses on available for sale securities 2,564 4,250 Premises and equipment 26 67 ESOP release of shares 66 49 Other 103 97 Total deferred tax assets $ 10,734 $ 9,969 Deferred tax liabilities: Loan fees $ 231 $ 227 Mortgage servicing rights 466 508 FHLB stock dividends 26 26 Total deferred tax liabilities $ 723 $ 761 Net deferred tax asset/liability 10,011 9,208 Valuation allowance ( 3,141 ) ( 934 ) Net deferred tax asset $ 6,870 $ 8,274

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Summary of Contract Amounts of Credit-related Financial Instruments	The contract amounts of credit-related financial instruments at December 31, 2023 and 2022 are summarized below: December 31, 2023 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 1,136 $ 86,201 $ 87,337 Standby letters of credit — 150 150 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,095 — 1,095 Commitments to sell loans 635 — 635 Overdraft protection program commitments 3,758 — 3,758 December 31, 2022 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 3,391 $ 80,631 $ 84,022 Standby letters of credit — 150 150 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 894 — 894 Commitments to sell loans 1,292 — 1,292 Overdraft protection program commitments 3,881 — 3,881

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Table)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Employee Stock Ownership Plan (ESOP) Disclosures	The following table provides the allocated and unallocated shares of common stock associated with the ESOP as of December 31, 2023 and 2022. December 31, December 31, (dollars in thousands) Shares committed to be released 19,730 19,730 Total allocated shares 51,719 36,170 Total unallocated shares 434,062 453,792 Total ESOP shares 505,511 509,692 Fair value of unallocated shares (based on $ 6.99 and $ 10.00 share $ 3,034 $ 4,538

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Summary of Loans to Directors, Executive Officers and Affiliates	A summary of loans to directors, executive officers, and their affiliates follows: December 31, December 31, 2022 (in thousands) Beginning balance $ 1,015 $ 932 Adjustments due to changes in directors, executive officers, and/or principal ( 167 ) — New loans 218 169 Repayments ( 71 ) ( 86 ) Ending balance $ 995 $ 1,015

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Assets Measured at Fair Value on a Recurring Basis	Assets measured at fair value on a recurring basis are summarized below, along with the level of the fair value hierarchy of the inputs utilized to determine such fair value: Recurring Fair Value Measurements Using December 31, Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 3,625 $ 3,625 $ — $ — Securities available-for-sale: Obligations of states and political subdivisions 14,231 — 14,231 — Government-sponsored mortgage-backed securities 91,019 — 91,019 — Asset-backed securities 3,572 — 3,572 — Certificates of deposit 737 — 737 — Total $ 113,184 $ 3,625 $ 109,559 $ — Recurring Fair Value Measurements Using December 31, Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 2,924 $ 2,924 $ — $ — Securities available-for-sale: U.S. Treasury notes 26,627 — 26,627 — Obligations of states and political subdivisions 17,656 — 17,656 — Government-sponsored mortgage-backed securities 64,267 — 64,267 — Asset-backed securities 4,517 — 4,517 — Certificates of deposit 1,425 — 1,425 — Total $ 117,416 $ 2,924 $ 114,492 $ —
Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements	For Level 3 assets measured at fair value on a nonrecurring basis, the significant unobservable inputs used in the fair value measurements were as follows: Significant Unobservable Input Value Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Input(s) Minimum Value Maximum Value Rate lock commitments 4 Pricing model Pull through rate 75.0 % 100.0 % Mortgage servicing rights 3,269 Pricing models Prepayment rate 6.9 % 34.4 % Discount rate 10.1 % 13.0 % Cost to service $ 83.00 $ 86.00
Summary of Carrying Values and Estimated Fair Values of Financial Instruments	The carrying value and estimated fair value of financial instruments follow: December 31, 2023 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 13,250 $ 13,250 $ — $ — Available-for-sale securities 109,559 — 109,559 — Marketable equity securities 3,625 3,625 — — Loans held for sale 704 — 704 — Loans, net 394,834 — — 368,133 Rate lock commitments 4 — — 4 Accrued interest receivable 1,554 1,554 — — Federal Home Loan Bank Stock 4,164 — — 4,164 Cash value of life insurance 14,027 — — 14,027 Financial liabilities: Deposits 403,683 242,535 — 160,303 Advance payments by borrowers for taxes and insurance 1,233 1,233 — — Federal Home Loan Bank advances 71,007 — — 68,462 Accrued interest payable 1,106 1,106 — — December 31, 2022 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 28,344 $ 28,344 $ — $ — Available-for-sale securities 114,492 — 114,492 — Marketable equity securities 2,924 2,924 — — Loans held for sale 125 — 125 — Loans, net 359,574 — — 335,987 Rate lock commitments 6 — — 6 Accrued interest receivable 1,257 1,257 — — Federal Home Loan Bank Stock 3,429 — — 3,429 Cash value of life insurance 14,316 — — 14,316 Financial liabilities: Deposits 387,721 308,162 — 78,418 Advance payments by borrowers for taxes and insurance 1,029 1,029 — — Federal Home Loan Bank advances 71,464 — — 69,633 Accrued interest payable 291 291 — —

Equity and Regulatory Matters (

Equity and Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Text Block [Abstract]
Schedule of Banks Actual and Required Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios are presented in the following tables: December 31, 2023 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 63,101 11.2 % $ 22,574 4.0 % $ 28,217 5.0 % Risk-based: Common Equity Tier 1 63,101 15.1 % 18,751 4.5 % 27,085 6.5 % Tier 1 63,101 15.1 % 25,002 6.0 % 33,336 8.0 % Total 67,710 16.2 % 33,336 8.0 % 41,670 10.0 % December 31, 2022 Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 65,497 11.9 % $ 22,086 4.0 % $ 27,608 5.0 % Risk-based: Common Equity Tier 1 65,497 16.6 % 17,711 4.5 % 25,583 6.5 % Tier 1 65,497 16.6 % 23,615 6.0 % 31,486 8.0 % Total 68,700 17.5 % 31,486 8.0 % 39,358 10.0 %

Earnings (Loss) Per Share (EP_2

Earnings (Loss) Per Share (EPS) (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings (loss) per common share for the years ended December 31, 2023 and 2022 is presented in the following table. Year ended December 31, 2023 2022 (In thousands, except per share amounts) Net loss $ ( 6,792 ) $ ( 148 ) Weighted shares outstanding for basic EPS Weighted average shares outstanding 5,977,859 6,216,791 Less: Weighted average unallocated ESOP shares 443,900 441,651 Weighted average shares outstanding for basic EPS 5,533,959 5,775,140 Additional dilutive shares (1) — — Weighted average shares outstanding for dilutive EPS 5,533,959 5,775,140 Basic (loss) per share $ ( 1.23 ) $ ( 0.03 ) Diluted (loss) per share (1) $ ( 1.23 ) $ ( 0.03 ) (1) For 2023 and 2022, the effect of the stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted (loss) calculations.

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Assumptions Used in Estimating the Fair Value of Options Granted	The following assumptions were used in estimating the fair value of options granted in the years ended December 31, 2023 and December 31, 2022: For the Twelve Months Ended December 31, December 31, Dividend yield 0.00 % 0.00 % Risk-free interest rate 3.59 % 3.83 % Expected volatility 24.64 % 24.64 % Weighted average expected life (years) 6.50 6.50 Weighted average per share value of options $ 3.37 $ 3.47
Summary of Stock Option Activity	A summary of the Company’s stock option activity for the years ended December 31, 2023 and 2022 is presented below. Stock Options Shares Weighted Average Exercise Price Weighted Average Remaining in Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2021 300,720 $ 6.19 8.40 $ 1,443,067 Granted 355,410 10.02 — — Exercised — — N/A N/A Forfeited — — N/A N/A Outstanding December 31, 2022 656,130 8.27 8.69 $ 1,122,214 Options exercisable at December 31, 2022 112,824 6.09 7.35 $ 432,408 Stock Options Shares Weighted Average Exercise Price Weighted Average Remaining in Contractual Term (Years) Aggregate Intrinsic Value Outstanding December 31, 2022 656,130 $ 8.27 8.69 $ 1,122,214 Granted 3,000 9.94 6.50 — Exercised ( 3,159 ) 5.96 N/A 4,746 Forfeited ( 52,703 ) 8.22 N/A N/A Vested shares expired ( 3,158 ) 5.96 N/A N/A Outstanding December 31, 2023 600,110 8.30 7.49 238,951 Options exercisable at December 31, 2023 229,818 7.24 6.48 152,831
Summary of Nonvested Stock option Activity	The following table summarizes information about the Company’s nonvested stock option activity for the years ended December 31, 2023 and December 31, 2022: Stock Options Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2021 248,043 $ 1.58 Granted 355,410 3.47 Vested (1) ( 60,147 ) 1.56 Forfeited — — Nonvested at December 31, 2022 543,306 $ 2.82 Nonvested at December 31, 2022 543,306 $ 2.82 Granted 3,000 3.37 Vested (2) ( 123,311 ) 2.57 Forfeited ( 52,703 ) 2.55 Nonvested at December 31, 2023 370,292 $ 2.94 (1) Inclu des 2,105 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer. (2) Inclu des 2,106 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer.
Summary of Restricted Stock Unit Activity	The following table summarizes information about the Company’s restricted stock activity for the years ended December 31, 2023 and 2022: Restricted Stock Shares Weighted Average Grant Date Fair Value Nonvested at December 31, 2021 97,128 $ 6.25 Granted 137,753 10.02 Vested (1)(2) ( 23,532 ) 6.20 Forfeited — — Nonvested at December 31, 2022 211,349 $ 8.71 Nonvested at December 31, 2022 211,349 $ 8.71 Granted — — Vested (1)(3) ( 48,667 ) 8.21 Forfeited ( 18,385 ) 8.15 Nonvested at December 31, 2023 144,297 $ 8.95 (1) Includ es 263 shares vested under a restricted stock inducement award to the Company's President and Chief Executive Officer. (2) Includes 7,238 shares surrendered by employees to cover payroll tax costs related to the vested shares. (3) Include s 7,238 sha res surrendered by employees to cover payroll tax costs related to the vested shares.

Parent Company Only Financial_2

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

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreclosed assets	$ 0	$ 0
Reorganization Cost And Issuing Of Common Stock Deferred	2,000,000
Other comprehensive income (loss) tax	951,000	0
FHLB Advances, total	71,007,000	71,464,000
Unrealized Gain (Loss) Marketable Securities	$ 663,000	(714,000)
Common Stock Held By Public	100%
Accrued interest on securities available for sale	$ 473,000	382,000
Security available for sale accrued interest Written off	$ 0	0
Uncertain principal collection written off period	90 days
Accrued interest on loans excluded from amortized cost basis of loan	$ 1,100,000	874,000
ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jan. 01, 2023
Establishment of allowance for credit losses unfunded loan commitment	$ 665,000,000
Cumulative effect on adjustment of retained earnings after tax			$ 783,000,000
Minimum [Member] | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Amount of increase in credit loss for loans allowance	412,000,000
Residential Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans in process of foreclosure	$ 0	$ 0

Cash and Due from Banks - Addit

Cash and Due from Banks - Additional Information (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Mar. 12, 2021
Certificates of deposit federally insured	$ 250,000	$ 250,000
Federal Reserve Bank Advances [Member]
Cash Reserve Requirement Percentage			0%

Available for Sale Securities -

Available for Sale Securities - Summary of Amortized Costs and Fair Value of Securities Available-for-sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 119,055	$ 130,233
Securities Available for Sale, Gross Unrealized Gains	308	6
Securities Available for Sale, Gross Unrealized Losses	(9,804)	(15,747)
Available for sale securities	109,559	114,492
U.S. Treasury notes [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost		29,597
Securities Available for Sale, Gross Unrealized Gains		0
Securities Available for Sale, Gross Unrealized Losses		(2,970)
Available for sale securities		26,627
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	17,043	21,379
Securities Available for Sale, Gross Unrealized Gains	3	6
Securities Available for Sale, Gross Unrealized Losses	(2,815)	(3,729)
Available for sale securities	14,231	17,656
Government-sponsored Mortgage-backed Securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	97,674	73,235
Securities Available for Sale, Gross Unrealized Gains	305	0
Securities Available for Sale, Gross Unrealized Losses	(6,960)	(8,968)
Available for sale securities	91,019	64,267
Asset-backed securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	3,593	4,563
Securities Available for Sale, Gross Unrealized Gains	0	0
Securities Available for Sale, Gross Unrealized Losses	(21)	(46)
Available for sale securities	3,572	4,517
Certificates of deposit [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	745	1,459
Securities Available for Sale, Gross Unrealized Gains	0	0
Securities Available for Sale, Gross Unrealized Losses	(8)	(34)
Available for sale securities	$ 737	$ 1,425

Available for Sale Securities_2

Available for Sale Securities - Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 1,740	$ 30,114
Unrealized Loss	(5)	(1,786)
Fair Value	57,441	83,955
Unrealized Loss	(9,799)	(13,961)
Fair Value	59,181	114,069
Unrealized Loss	(9,804)	(15,747)
U.S. Treasury notes [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value		0
Unrealized Loss		0
Fair Value		26,627
Unrealized Loss		(2,970)
Fair Value		26,627
Unrealized Loss		(2,970)
Obligations of States and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	0	5,088
Unrealized Loss	0	(396)
Fair Value	13,889	12,145
Unrealized Loss	(2,815)	(3,333)
Fair Value	13,889	17,233
Unrealized Loss	(2,815)	(3,729)
Government-sponsored Mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	0	19,084
Unrealized Loss	0	(1,310)
Fair Value	40,983	45,183
Unrealized Loss	(6,960)	(7,658)
Fair Value	40,983	64,267
Unrealized Loss	(6,960)	(8,968)
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	1,740	4,517
Unrealized Loss	(5)	(46)
Fair Value	1,832	0
Unrealized Loss	(16)	0
Fair Value	3,572	4,517
Unrealized Loss	(21)	(46)
Certificates of Deposit [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	0	1,425
Unrealized Loss	0	(34)
Fair Value	737	0
Unrealized Loss	(8)	0
Fair Value	737	1,425
Unrealized Loss	$ (8)	$ (34)

Available for Sale Securities_3

Available for Sale Securities - Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Due in one year or less	$ 821
Due after one through 5 years	1,054
Due after 5 through 10 years	10,645
Due after 10 years	2,448
Total debt and other securities, Fair Value	14,968
Total	109,559	$ 114,492
Due in one year or less	830
Due after one through 5 years	1,070
Due after 5 through 10 years	12,774
Due after 10 years	3,114
Total debt and other securities, Amortized Cost	17,788
Total	119,055
Government-sponsored Mortgage-backed securities [Member]
Debt Securities, Available-for-sale [Line Items]
Total debt and other securities, Fair Value	91,019
Total debt and other securities, Amortized Cost	97,674
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Total debt and other securities, Fair Value	3,572
Total	3,572	$ 4,517
Total debt and other securities, Amortized Cost	$ 3,593

Available for Sale Securities_4

Available for Sale Securities - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Collateral to secure customer deposit accounts	$ 426	$ 3,600

Available for Sale Securities_5

Available for Sale Securities - Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of securities available-for-sale	$ 44,437	$ 0
Gross realized gains	0	0
Gross realized losses	(4,529)	0
Net realized loss	$ (4,529)	$ 0

Available for Sale Securities_6

Available for Sale Securities - Summary of Number of Debt Securities in an Unrealized Loss Position and the Aggregate Depreciation (Details)	Dec. 31, 2023 Security
Debt Securities, Available-for-Sale [Line Items]
Number of Securities	48
Aggregate Depreciation	14.20%
Obligations of States and Political Subdivisions [Member]
Debt Securities, Available-for-Sale [Line Items]
Number of Securities	16
Aggregate Depreciation	16.90%
Government-sponsored Mortgage-backed securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Number of Securities	25
Aggregate Depreciation	14.50%
Asset-backed securities [Member]
Debt Securities, Available-for-Sale [Line Items]
Number of Securities	4
Aggregate Depreciation	0.60%
Certificates of deposit [Member]
Debt Securities, Available-for-Sale [Line Items]
Number of Securities	3
Aggregate Depreciation	1.10%

Loans - Summary of Major Classi

Loans - Summary of Major Classifications of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 397,714	$ 361,947
Net deferred loan costs	854	830
Allowance for credit losses for loans	(3,734)	(3,203)	$ (2,858)
Total loans, net of deferred loan costs and allowance for credit losses	394,834	359,574
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross		0
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	231,893	210,858
Commercial [Member] | Other Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	47,898	43,708
Residential Real Estate [Member] | First Mortgage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	97,747	85,444
Residential Real Estate [Member] | Construction Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	359	3,248
Consumer [Member] | Home Equity Lines Of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	19,683	18,590
Consumer [Member] | Other Consumer Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 134	$ 99

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable	$ 397,714,000	$ 361,947,000
Loans modified as troubled debt restructurings		0
Overdrawn deposit account reclassified as loan	78,000	98,000
Loans 90 or more days past due and accruing interest	0	0
Nonaccrual Loans	1,110,000	769,000
Interest earned on nonaccrual loans	0
Accrued interest reversed	11,000
Troubled debt restructurings amount		538,000
Troubled debt restructurings nonaccrual amount		183,000
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable		0
Other Financial Institutions [Member]
Loans and Leases Receivable Disclosure [Line Items]
Participation loans transferred	29,000,000	30,300,000
Outstanding from loans purchased	34,800,000	$ 31,600,000
Available future draws	$ 30,700,000

Loans - Summary of Activity in

Loans - Summary of Activity in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance		$ 3,203	$ 2,858
Provision for credit losses		300	222
CECL Adoption Adjustment	[1]	412
Loans charged-off		(10)	(10)
Recoveries of loans previously charged off		39	133
Ending balance		3,734	3,203
Unfunded Loan Commitments [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	[2]	0
Provision for credit losses	[2]	210
CECL Adoption Adjustment	[1],[2]	665
Ending balance	[2]	875	0
Total Allowance for credit losses for loans and unfunded loan commitments		4,609
Allowance for Credit Losses for Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		90	222
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance		1,944	1,657
Provision for credit losses			222
CECL Adoption Adjustment	[1]	666
Loans charged-off		0	0
Recoveries of loans previously charged off		19	65
Ending balance		2,693	1,944
Commercial [Member] | Unfunded Loan Commitments [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	[2]	0
Provision for credit losses	[2]	207
CECL Adoption Adjustment	[1],[2]	640
Ending balance	[2]	847	0
Total Allowance for credit losses for loans and unfunded loan commitments		3,540
Commercial [Member] | Allowance for Credit Losses for Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		64
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance		752	745
Provision for credit losses			0
CECL Adoption Adjustment	[1]	75
Loans charged-off		0	0
Recoveries of loans previously charged off		0	7
Ending balance		849	752
Residential [Member] | Unfunded Loan Commitments [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	[2]	0
Provision for credit losses	[2]	3
CECL Adoption Adjustment	[1],[2]	25
Ending balance	[2]	28	0
Total Allowance for credit losses for loans and unfunded loan commitments		877
Residential [Member] | Allowance for Credit Losses for Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		22
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance		507	456
Provision for credit losses			0
CECL Adoption Adjustment	[1]	(329)
Loans charged-off		(10)	(10)
Recoveries of loans previously charged off		20	61
Ending balance		192	507
Consumer [Member] | Unfunded Loan Commitments [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	[2]	0
Provision for credit losses		0
CECL Adoption Adjustment		0
Ending balance		0	$ 0	[2]
Total Allowance for credit losses for loans and unfunded loan commitments		192
Consumer [Member] | Allowance for Credit Losses for Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		$ 4
[1] On January 1, 2023, the Company adopted ASU 2016-13 ("CECL"). See Note 1 for additional information regarding the adoption of ASU 2016-13. The allowance for credit losses for unfunded loan commitments is included in other liabilities on the Company's Consolidated Balance Sheets.

Loans - Schedule of Components

Loans - Schedule of Components of Provision For Credit Losses (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		$ 300	$ 222
Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses		90	$ 222
Unfunded Loan Commitments [Member]
Loans and Leases Receivable Disclosure [Line Items]
Provision for credit losses	[1]	$ 210
[1] The allowance for credit losses for unfunded loan commitments is included in other liabilities on the Company's Consolidated Balance Sheets.

Loans - Summary of Allowance fo

Loans - Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		$ 4,497
Collectively evaluated for impairment		357,450
Total loans		361,947
Collectively evaluated for impairment		3,203
Total allowance for loan losses	$ 3,734	3,203	$ 2,858
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		3,525
Collectively evaluated for impairment		251,041
Total loans		254,566
Collectively evaluated for impairment		1,944
Total allowance for loan losses	2,693	1,944	1,657
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		917
Collectively evaluated for impairment		87,775
Total loans		88,692
Collectively evaluated for impairment		752
Total allowance for loan losses	849	752	745
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		55
Collectively evaluated for impairment		18,634
Total loans		18,689
Collectively evaluated for impairment		507
Total allowance for loan losses	$ 192	$ 507	$ 456

Loans - Summary of Amortized Co

Loans - Summary of Amortized Cost Basis of Loans By Credit Quality Indicator and Origination Year (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 53,426
2022	106,395
2021	80,293
2020	57,846
2019	14,153
2018 and Prior	56,620
Revolving Lines of Credit	28,274
Revolving Lines of Credit Converted to Term Loans	707
Total Loans	397,714
Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	39,435
2022	91,877
2021	46,532
2020	41,919
2019	10,953
2018 and Prior	37,740
Revolving Lines of Credit	11,335
Total Loans	279,791
Residential Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	13,844
2022	14,419
2021	33,619
2020	15,854
2019	3,033
2018 and Prior	17,337
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	98,106
Consumer Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	147
2022	99
2021	142
2020	73
2019	167
2018 and Prior	1,543
Revolving Lines of Credit	16,939
Revolving Lines of Credit Converted to Term Loans	707
Total Loans	19,817
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,486
2022	80,294
2021	41,195
2020	40,914
2019	10,874
2018 and Prior	36,088
Revolving Lines of Credit	42
Total Loans	231,893
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	79
2018 and Prior	343
Total Loans	422
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	22,486
2022	78,098
2021	40,597
2020	40,914
2019	8,881
2018 and Prior	34,342
Revolving Lines of Credit	42
Total Loans	225,360
Commercial Real Estate Portfolio Segment [Member] | Watch and Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	232
2019	1,706
2018 and Prior	328
Total Loans	2,266
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,885
2021	598
2019	287
2018 and Prior	1,075
Total Loans	3,845
Other Commercial Loans Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	16,949
2022	11,583
2021	5,337
2020	1,005
2019	79
2018 and Prior	1,652
Revolving Lines of Credit	11,293
Total Loans	47,898
Other Commercial Loans Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	16,949
2022	11,347
2021	4,729
2020	974
2019	64
2018 and Prior	1,488
Revolving Lines of Credit	9,905
Total Loans	45,456
Other Commercial Loans Portfolio Segment [Member] | Watch and Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	197
2020	31
2019	15
2018 and Prior	48
Revolving Lines of Credit	828
Total Loans	1,119
Other Commercial Loans Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	236
2021	411
2019	0
2018 and Prior	116
Revolving Lines of Credit	560
Total Loans	1,323
Residential Real Estate First Mortgages [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	13,485
2022	14,419
2021	33,619
2020	15,854
2019	3,033
2018 and Prior	17,337
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	97,747
Residential Real Estate First Mortgages [Member] | Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	13,485
2022	14,419
2021	33,619
2020	15,854
2019	3,033
2018 and Prior	16,680
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	97,090
Residential Real Estate First Mortgages [Member] | Nonaccrual [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
2018 and Prior	657
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	657
Residential Real Estate Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	359
2022	0
2021	0
2020	0
2019	0
2018 and Prior	0
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	359
Residential Real Estate Construction [Member] | Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	359
2022	0
2021	0
2020	0
2019	0
2018 and Prior	0
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	359
Residential Real Estate Construction [Member] | Nonaccrual [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
2018 and Prior	0
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	0
Consumer Home equity and lines of credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	74
2022	53
2021	142
2020	66
2019	167
2018 and Prior	1,535
Revolving Lines of Credit	16,939
Revolving Lines of Credit Converted to Term Loans	707
Total Loans	19,683
Consumer Home equity and lines of credit [Member] | Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	74
2022	53
2021	142
2020	66
2019	167
2018 and Prior	1,504
Revolving Lines of Credit	16,939
Revolving Lines of Credit Converted to Term Loans	707
Total Loans	19,652
Consumer Home equity and lines of credit [Member] | Nonaccrual [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
2018 and Prior	31
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	31
Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	73
2022	46
2021	0
2020	7
2019	0
2018 and Prior	8
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	134
Consumer Other [Member] | Performing [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	73
2022	46
2021	0
2020	7
2019	0
2018 and Prior	8
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	134
Consumer Other [Member] | Nonaccrual [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	0
2022	0
2021	0
2020	0
2019	0
2018 and Prior	0
Revolving Lines of Credit	0
Revolving Lines of Credit Converted to Term Loans	0
Total Loans	$ 0

Loans - Summary of Information

Loans - Summary of Information Regarding Impaired Loans (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 4,497
Reserve	0
Average Investment	6,325
Interest Recognized	344
Recorded Investment	4,497
Principal Balance	4,771
Average Investment	6,325
Interest Recognized	344
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,422
Principal Balance	1,470
Average Investment	3,952
Interest Recognized	177
Commercial Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,103
Principal Balance	2,103
Average Investment	1,325
Interest Recognized	110
Residential real estate and consumer First mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	917
Principal Balance	1,138
Average Investment	1,011
Interest Recognized	55
Residential real estate and consumer Home equity and lines of credit
Financing Receivable, Impaired [Line Items]
Recorded Investment	55
Principal Balance	60
Average Investment	37
Interest Recognized	$ 2

Loans - Summary of Internal Ris

Loans - Summary of Internal Risk Ratings of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 397,714	$ 361,947
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	231,893	210,858
Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	0	0
Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 47,898	43,708
Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		254,566
Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		210,858
Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		0
Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		43,708
Pass [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		248,224
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		206,655
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		0
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		41,569
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		2,967
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		2,932
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		0
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		35
Substandard [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		3,375
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		1,271
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		0
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		$ 2,104

Loans - Summary of Informatio_2

Loans - Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 397,714	$ 361,947
Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		107,381
Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		85,444
Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		3,248
Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		18,590
Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		99
Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		106,612
Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		84,730
Performing [Member] | Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		3,248
Performing [Member] | Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		18,535
Performing [Member] | Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		99
Non Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		769
Non Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		714
Non Performing [Member] | Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		0
Non Performing [Member] | Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		55
Non Performing [Member] | Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		$ 0

Loans - Summary of Gross Charge

Loans - Summary of Gross Charge-offs of Loans for Portfolio Class By Origination Year (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2023	$ 53,426
2022	106,395
2021	80,293
2020	57,846
2018 and Prior	56,620
Total Loans, charge-offs	10	$ 10
Loan Charge-offs [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1
2022	3
2021	1
2020	1
2018 and Prior	4
Total Loans, charge-offs	10
Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	147
2022	99
2021	142
2020	73
2018 and Prior	1,543
Total Loans, charge-offs	10	$ 10
Consumer [Member] | Loan Charge-offs [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1
2022	3
2021	1
2020	1
2018 and Prior	4
Total Loans, charge-offs	10
Consumer Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	73
2022	46
2021	0
2020	7
2018 and Prior	8
Consumer Other [Member] | Loan Charge-offs [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1
2022	3
2021	1
2020	1
2018 and Prior	4
Total Loans, charge-offs	$ 10

Loans - Schedule of Analysis of

Loans - Schedule of Analysis of Past due Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 396,941	$ 359,876
Loans, gross	397,714	361,947
Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	231,471	209,126
Loans, gross	231,893	210,858
Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans, gross	0	0
Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	47,898	43,708
Loans, gross	47,898	43,708
Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	97,396	85,200
Loans, gross	97,747	85,444
Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	359	3,248
Loans, gross	359	3,248
Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	19,683	18,497
Loans, gross	19,683	18,590
Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	134	97
Loans, gross	134	99
Loans Past Due 30-89 Days [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	378	1,987
Loans Past Due 30-89 Days [Member] | Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	79	1,732
Loans Past Due 30-89 Days [Member] | Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 30-89 Days [Member] | Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 30-89 Days [Member] | Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	299	181
Loans Past Due 30-89 Days [Member] | Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 30-89 Days [Member] | Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	72
Loans Past Due 30-89 Days [Member] | Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	2
Loans Past Due 90+ Days [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	395	84
Loans Past Due 90+ Days [Member] | Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	343	0
Loans Past Due 90+ Days [Member] | Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 90+ Days [Member] | Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 90+ Days [Member] | Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	52	63
Loans Past Due 90+ Days [Member] | Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Loans Past Due 90+ Days [Member] | Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	21
Loans Past Due 90+ Days [Member] | Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Total Past Due [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	773	2,071
Total Past Due [Member] | Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	422	1,732
Total Past Due [Member] | Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Total Past Due [Member] | Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Total Past Due [Member] | Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	351	244
Total Past Due [Member] | Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	0
Total Past Due [Member] | Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	93
Total Past Due [Member] | Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 0	$ 2

Loans - Summary of Informatio_3

Loans - Summary of Information on Non-accrual Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Non Performing Loans [Line Items]
Total nonaccrual loans	$ 1,110	$ 769
Total nonaccrual loans to total loans	0.28%	0.21%
Total nonaccrual loans to total assets	0.20%	0.14%
Commercial Real Estate [Member]
Non Performing Loans [Line Items]
Total nonaccrual loans	$ 422
Residential Real Estate First Mortgages [Member]
Non Performing Loans [Line Items]
Total nonaccrual loans	657	$ 714
Consumer Home Equity and Lines of Credit [Member]
Non Performing Loans [Line Items]
Total nonaccrual loans	$ 31	$ 55

Loans - Summary of Collateral D

Loans - Summary of Collateral Dependent Loans and Related ACL (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 6,666
Commercial Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans	4,457
Commercial Other [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans	1,323
Residential Real Estate First Mortgages [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans	855
Consumer Home Equity and Lines of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans	$ 31

Loans - Summary of Allowance _2

Loans - Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		$ 4,497
Collectively evaluated for impairment		357,450
Total loans		361,947
Collectively evaluated for impairment		3,203
Total allowance for loan losses	$ 3,734	3,203	$ 2,858
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		3,525
Collectively evaluated for impairment		251,041
Total loans		254,566
Collectively evaluated for impairment		1,944
Total allowance for loan losses	2,693	1,944	1,657
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		917
Collectively evaluated for impairment		87,775
Total loans		88,692
Collectively evaluated for impairment		752
Total allowance for loan losses	849	752	745
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment		55
Collectively evaluated for impairment		18,634
Total loans		18,689
Collectively evaluated for impairment		507
Total allowance for loan losses	$ 192	$ 507	$ 456

Loans - Summary of Informatio_4

Loans - Summary of Information Regarding Impaired Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 4,497
Reserve	0
Average Investment	6,325
Interest Recognized	344
Recorded Investment	4,497
Principal Balance	4,771
Average Investment	6,325
Interest Recognized	344
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,422
Principal Balance	1,470
Average Investment	3,952
Interest Recognized	177
Commercial Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,103
Principal Balance	2,103
Average Investment	1,325
Interest Recognized	110
Residential real estate and consumer First mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	917
Principal Balance	1,138
Average Investment	1,011
Interest Recognized	55
Residential real estate and consumer Home equity and lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	55
Principal Balance	60
Average Investment	37
Interest Recognized	$ 2

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 15,156	$ 15,148
Less: Accumulated depreciation	9,974	9,697
Premises and equipment, net	5,182	5,451
Land [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	863	863
Building [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	8,074	8,072
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1	1
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 6,218	$ 6,212

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 492	$ 600
Remaining lease term	3 years 1 month 6 days
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Operating lease, extension option term	3 years
Right of use asset	$ 282
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Right of use liability	$ 282
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Premises and Equipment - Summ_2

Premises and Equipment - Summary of Net Lease Cost (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Lease Cost:
Operating lease cost	$ 87	$ 85
Net lease cost	$ 87	$ 85
Selected other operating lease information:
Weighted average remaining lease terms (years)	3 years 1 month 6 days	1 year 2 months 12 days
Weighted average discount rate	1.70%	1.79%

Premises and Equipment - Summ_3

Premises and Equipment - Summary of Maturity of Remaining Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Abstract]
2024	$ 89
2025	91
2026	93
2027	16
Sub-total	289
Less amount representing interest	(7)
Total	$ 282
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Unpaid principal balance of mortgage loans serviced for others	$ 282,200,000	$ 304,300,000
Mortgage servicing rights , valuation allowance	$ 0	$ 0
Minimum [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Discount rates used in valuation model	10.10%	10%
Prepayment speeds used in valuation model	6.90%	7%
Maximum [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Discount rates used in valuation model	13%	13%
Prepayment speeds used in valuation model	34.40%	33.90%

Mortgage Servicing Rights - Sum

Mortgage Servicing Rights - Summary of Changes in Balance of Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Mortgage servicing rights beginning balance	$ 1,860	$ 2,036
Additions	52	68
Amortization	(192)	(244)
Mortgage servicing rights ending balance	1,720	1,860
Fair value at beginning of period	3,376	2,477
Fair value at end of period	$ 3,269	$ 3,376

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024	$ 206
2025	190
2026	170
2027	149
2028	128
Thereafter	877
Total	$ 1,720

Deposits - Composition of Depos

Deposits - Composition of Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Non-interest bearing checking	$ 78,476	$ 92,465
Interest bearing checking	28,899	32,514
Money market	88,687	121,215
Statement savings	46,473	61,969
Certificates of deposit	161,148	79,558
Total	$ 403,683	$ 387,721

Deposits - Composition of Dep_2

Deposits - Composition of Deposits (Parenthetical) (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Brokered deposits	$ 0	$ 0

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Certificates of deposit with balances of $250 or more	$ 31,300,000	$ 8,900,000
Certificates of deposit federally insured	$ 250,000	$ 250,000

Deposits - Interest Expense On

Deposits - Interest Expense On Deposits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deposits [Abstract]
Interest bearing checking	$ 272	$ 76
Money market	2,029	565
Statement savings	25	33
Certificates of deposit	4,020	442
Interest Expense, Deposits, Total	$ 6,346	$ 1,116

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Detail) $ in Thousands	Dec. 31, 2023 USD ($)
Time Deposits, Fiscal Year Maturity [Abstract]
2023	$ 127,907
2024	20,710
2025	12,218
2026	236
2027	77
Total	$ 161,148

FHLB Advances and Other Borro_3

FHLB Advances and Other Borrowings - Summary of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances [Line Items]
FHLB Advances, total	$ 71,007	$ 71,464
Open line of credit [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	5.72%
FHLB Advances, total	$ 8,000
Fixed rate, fixed term advance, maturing February 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		1.62%
FHLB Advances, total		$ 6,500
Fixed rate, fixed term advance, maturing July 2027 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	2.90%	2.90%
FHLB Advances, total	$ 5,000	$ 5,000
Putable advance, maturing July 2029 first option date January 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		1.68%
FHLB Advances, total		$ 5,000
Putable advance, maturing February 2030 first option date February 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		0.98%
FHLB Advances, total		$ 5,000
Putable advance, maturing October 2029 first option date July 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		2.96%
FHLB Advances, total		$ 5,000
Putable advance, maturing January 2028 first option date January 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	3.44%
FHLB Advances, total	$ 5,000
Putable advance, maturing February 2028 first option date February 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	3.63%
FHLB Advances, total	$ 5,000
Putable advance, maturing March 2028 first option date March 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	3.47%
FHLB Advances, total	$ 5,000
Putable advance, maturing May 2026 first option date May 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	3.92%
FHLB Advances, total	$ 2,500
Putable advance, maturing May 2028 first option date May 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	3.51%
FHLB Advances, total	$ 2,500
Putable advance, maturing March 2030 first option date March 2025 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	0.89%	0.89%
FHLB Advances, total	$ 10,000	$ 10,000
Putable Advance, Maturing March 2032 First Option Date March 2027 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.74%	1.74%
FHLB Advances, total	$ 10,000	$ 10,000
Advanced structured note, payments due monthly, maturing April 2030 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.05%	1.05%
FHLB Advances, total	$ 6,454	$ 7,435
Advanced structured note, payments due monthly, maturing May 2030 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.19%	1.19%
FHLB Advances, total	$ 6,553	$ 7,529
SOFR Floater advance, maturing October 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		4.54%
FHLB Advances, total		$ 5,000
SOFR Floater advance, maturing October 2024 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	5.68%	4.59%
FHLB Advances, total	$ 5,000	$ 5,000

FHLB Advances and Other Borro_4

FHLB Advances and Other Borrowings - Schedule of Maturities of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, Par Value, Maturity, Rolling Year [Abstract]
2024	5.10%
2025	1.12%
2026	2.67%
2027	2.38%
2028	3.26%
Thereafter	1.29%
Total	2.83%
2024	$ 14,979
2025	2,002
2026	4,524
2027	7,047
2028	19,570
Thereafter	22,885
Total	$ 71,007	$ 71,464

FHLB Advances and Other Borro_5

FHLB Advances and Other Borrowings - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank stock to maximum borrowing capacity	The Company maintains a master contract agreement with the FHLB, which provides for borrowing up to the lesser of 22.22 times the FHLB stock owned, a determined percentage of the book value of the Company’s qualifying real estate loans, or a determined percentage of the Company’s assets.
Qualifying loans pledged as collateral		$ 361,947
Federal Home Loan Bank stock held	$ 4,164	3,429
Available and unused funds under borrowing agreement	100,900	100,000
Asset Pledged as Collateral without Right [Member]
Federal Home Loan Bank, Advances [Line Items]
Qualifying loans pledged as collateral	173,000	$ 172,400
Fed Funds Effective Rate Overnight Index Swap Rate [Member] | BMO Harris Bank [Member]
Federal Home Loan Bank, Advances [Line Items]
Federal funds rate line of credit	12,000
Federal Fund Rate [Member] | BMO Harris Bank [Member]
Federal Home Loan Bank, Advances [Line Items]
Line Of Credit At Federal Reserve	9,500
Available Borrowing Capacity	0
Federal Fund Rate [Member] | BMO Harris Bank [Member] | Asset Pledged as Collateral without Right [Member]
Federal Home Loan Bank, Advances [Line Items]
Qualifying loans pledged as collateral	$ 12,400

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Matching contributions	$ 425	$ 411

Income Taxes - Provision For In

Income Taxes - Provision For Income taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred tax expense:
Federal	$ (1,819)	$ (131)
State		(40)
Valuation allowance	2,207
Total deferred tax expense	388	(171)
Total income tax expense (benefit), Amount	$ 388	$ (171)

Income Taxes - Summary of the S

Income Taxes - Summary of the Sources of Differences Between Income Taxes At the Federal Statutory Rate and the Provision (Credit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal income taxes at statutory rate, Amount	$ (1,345)	$ (67)
Increase in cash value of life insurance, Amount	(124)	(89)
Change in valuation allowance, Amount	1,756
Other net, Amount	101	(15)
Total income tax expense (benefit), Amount	$ 388	$ (171)
Reconciliation of statutory to effective rates: Percentage
Federal income taxes at statutory rate, Percentage	21%	21%
Increase in cash value of life insurance, Percentage	1.94%	27.90%
Change in valuation allowance, Percentage	(27.42%)
Other net, Percentage	(1.58%)	4.70%
Total income tax expense (benefit), Percentage	(6.06%)	53.60%

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Asset and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses	$ 1,248	$ 875
Deferred compensation	1,046	893
Accrued employee benefits	71	81
NOL and charitable contribution carryforwards	5,610	3,657
Net unrealized losses on available for sale securities	2,564	4,250
Premises and equipment	26	67
ESOP release of shares	66	49
Other	103	97
Total deferred tax assets	10,734	9,969
Deferred tax liabilities:
Loan fees	231	227
Mortgage servicing rights	466	508
FHLB stock dividends	26	26
Total deferred tax liabilities	723	761
Net deferred tax asset/liability	10,011	9,208
Valuation allowance	(3,141)	(934)
Net deferred tax assets	$ 6,870	$ 8,274

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended			12 Months Ended
	Jul. 05, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Valuation allowance					$ 3,141	$ 934
Income tax expense (benefit)					388	(171)
Deferred tax asset net of valuation allowance					6,870	$ 8,274
Reversal of income tax benefits recorded in prior quarters			$ 98	$ 98
Increased valuation allowance		$ 1,800
Increase income tax expense		$ 1,900
Maximum [Member]
Tax exemption income	$ 5,000
Charitable contribution carryforward [Member]
Federal Loss Carryforwards					$ 518,000
Expiration Period					2024 years
Retained Earnings					$ 515,000
Domestic Tax Authority [Member]
Federal Loss Carryforwards					$ 16,200
Expiration Period					2030 years
Operating Loss Carryforwards, Not Subject to Expiration					$ 8,300
Operating Loss Carryforwards, Subject to Expiration					7,900
State and Local Jurisdiction [Member]
Federal Loss Carryforwards					$ 33,000
Expiration Period					2024 years

Commitments and Contingencies -

Commitments and Contingencies - Summary of Contract Amounts of Credit-related Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 87,337	$ 84,022
Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	1,095	894
Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	635	1,292
Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,758	3,881
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	150	150
Fixed Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	1,136	3,391
Fixed Rate [Member] | Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	1,095	894
Fixed Rate [Member] | Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	635	1,292
Fixed Rate [Member] | Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,758	3,881
Variable Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	86,201	80,631
Variable Rate [Member] | Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 150	$ 150

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - Mortgage Partnership Finance Program [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Commitments	$ 0
Other commitments	$ 0	$ 0

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Employee Stock Ownership Plan (ESOP) Disclosures (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Shares committed to be released	19,730	19,730
Total allocated shares	51,719	36,170
Total unallocated shares	434,062	453,792
Total ESOP shares	505,511	509,692
Fair value of unallocated shares ( based on $6.99 and $10.00 share price as of December 31, 2023 and December 31, 2022, respectively)	$ 3,034	$ 4,538

Employee Stock Ownership Plan_2

Employee Stock Ownership Plan - Employee Stock Ownership Plan (ESOP) Disclosures (Parenthetical) (Detail)	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Common stock shares conversion ratio as part of offering pursuant to share based scheme	6.99	10

Employee Stock Ownership Plan_3

Employee Stock Ownership Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended
	Jul. 14, 2021	Jan. 08, 2019	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Share-based compensation arrangement by share-based payment award [Line Items]
ESOP Purchased				96,446
ESOP additional shares purchased					283,360
ESOP Purchased shares adjusted for the conversion		231,047
Employee stock ownership plan weighted average price of additional shares purchased					$ 10.9
Compensation Expense			$ 129	$ 200
Number of shares to be contributed to the employee stock owership plan	283,360
Previously Reported [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
ESOP Purchased		175,528
Share-based Compensation Award, Tranche One [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Vested Percentage			20%
Vested Years Of Service			1 year
Share-based Compensation Award, Tranche Two [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Vested Percentage			40%
Vested Years Of Service			2 years
Share-based Compensation Award, Tranche Three [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Vested Percentage			60%
Vested Years Of Service			3 years
Share-based Compensation Award Tranche Four [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Vested Percentage			80%
Vested Years Of Service			4 years
Share-based Compensation Award Tranche Five [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Vested Percentage			100%
Vested Years Of Service			5 years

Related Party Transactions - Su

Related Party Transactions - Summary of Loans to Directors, Executive Officers and Affiliates (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Beginning balance	$ 1,015	$ 932
Adjustments due to changes in directors, executive officers, and/or principal stockholders	167
New loans	218	169
Repayments	(71)	(86)
Ending balance	$ 995	$ 1,015

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Directors, Executive Officers and Affiliates [Member]
Related Party Transaction [Line Items]
Deposits from directors, executive officers and affiliates	$ 729	$ 583
Related Party [Member]
Related Party Transaction [Line Items]
Fees paid to law firms	$ 24	$ 24

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 109,559	$ 114,492
Marketable equity securities	3,625	2,924
Total	113,184	117,416
U.S. Treasury notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale		26,627
Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	14,231	17,656
Government-sponsored Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	91,019	64,267
Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	3,572	4,517
Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	737	1,425
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	109,559	114,492
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	3,625	2,924
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	109,559	114,492
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale		26,627
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	14,231	17,656
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Government-sponsored Mortgage-backed securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	91,019	64,267
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	3,572	4,517
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	737	1,425
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	3,625	2,924
Total	$ 3,625	$ 2,924

Fair Value - Schedule of Quanti

Fair Value - Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements (Detail)	12 Months Ended
	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rate lock commitments	$ 4,000
Mortgage servicing rights	3,269,000
Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost of Goods and Services Sold	83,000
Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost of Goods and Services Sold	$ 86,000
Interest Rate Lock Commitments [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	75
Interest Rate Lock Commitments [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	100
Measurement Input, Prepayment Rate [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	6.9
Measurement Input, Prepayment Rate [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	34.4
Measurement Input, Discount Rate [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	10.1
Measurement Input, Discount Rate [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	13

Fair Value - Summary of Carryin

Fair Value - Summary of Carrying Values and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Available for sale securities	$ 109,559	$ 114,492
Loans, net	394,834	359,574
Accrued interest receivable	1,554	1,257
Cash value of life insurance	14,027	14,316
FHLB Stock	4,164	3,429
Marketable securities	3,625	2,924
Financial liabilities:
Deposits	403,683	387,721
Advance payments by borrowers for taxes and insurance	1,233	1,029
FHLB advances	71,007	71,464
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	13,250	28,344
Accrued interest receivable	1,554	1,257
Marketable securities	3,625	2,924
Financial liabilities:
Deposits	242,535	308,162
Advance payments by borrowers for taxes and insurance	1,233	1,029
Accrued interest payable	1,106	291
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available for sale securities	109,559	114,492
Loans held for sale	704	125
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans, net	368,133	335,987
Rate lock commitments	4	6
Cash value of life insurance	14,027	14,316
FHLB Stock	4,164	3,429
Financial liabilities:
Deposits	160,303	78,418
FHLB advances	68,462	69,633
Reported Value Measurement [Member]
Financial assets:
Cash and cash equivalents	13,250	28,344
Available for sale securities	109,559	114,492
Loans held for sale	704	125
Loans, net	394,834	359,574
Rate lock commitments	4	6
Accrued interest receivable	1,554	1,257
Cash value of life insurance	14,027	14,316
FHLB Stock	4,164	3,429
Marketable securities	3,625	2,924
Financial liabilities:
Deposits	403,683	387,721
Advance payments by borrowers for taxes and insurance	1,233	1,029
FHLB advances	71,007	71,464
Accrued interest payable	$ 1,106	$ 291

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Impairment loan on mortgage servicing rights	$ 0	$ 0

Equity and Regulatory Matters -

Equity and Regulatory Matters - Schedule of Banks Actual and Required Capital Amounts and Ratios (Detail) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Text Block [Abstract]
Leverage tier 1 capital actual amount	$ 63,101	$ 65,497
Common Equity Tier 1 risk based capital actual amount	63,101	65,497
Tier 1 risk based capital actual amount	63,101	65,497
Total risk based capital actual amount	$ 67,710	$ 68,700
Leverage tier 1 capital actual ratio	0.112	0.119
Common Equity Tier 1 risk based capital actual ratio	0.151	0.166
Tier 1 risk based capital actual ratio	0.151	0.166
Total risk based capital actual ratio	0.162	0.175
Leverage tier 1 capital for capital adequacy purposes amount	$ 22,574	$ 22,086
Common Equity Tier 1 risk based capital for capital adequacy purposes amount	18,751	17,711
Tier 1 risk based capital for capital adequacy purposes amount	25,002	23,615
Total risk based capital for capital adequacy purposes amount	$ 33,336	$ 31,486
Leverage tier 1 capital for capital adequacy purposes ratio	4%	4%
Common Equity Tier 1 risk based capital for capital adequacy purposes ratio	0.045	0.045
Tier 1 risk based capital for capital adequacy purposes ratio	0.06	0.06
Total risk based capital for capital adequacy purposes ratio	0.08	0.08
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions amount	$ 28,217	$ 27,608
Common Equity Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	27,085	25,583
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	33,336	31,486
Total risk based capital to be well capitalized under prompt corrective action provisions amount	$ 41,670	$ 39,358
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions ratio	5%	5%
Common Equity Tier 1 risk based capital to be well capitalized under prompt corrective action provisions ratio	0.065	0.065
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions ratio	0.08	0.08
Total risk based capital to be well capitalized under prompt corrective action provisions ratio	0.10	0.10

Equity and Regulatory Matters_2

Equity and Regulatory Matters - Additional Information (Detail) - USD ($) $ in Thousands	7 Months Ended	9 Months Ended
	Dec. 31, 2023	Jun. 07, 2023	Jun. 09, 2023	Aug. 26, 2022
Text Block [Abstract]
Percentage of repurchase of outstanding shares			10%	5%
Stock Repurchase Program Number of Shares Authorized to be Repurchased			621,522	319,766
Shares repurchased	71,029	319,766
Purchase price of repurchased shares	$ 501	$ 3,400

Deferred Compensation - Additio

Deferred Compensation - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Compensation Obligations	$ 3,900,000	$ 3,300,000
Liability outstanding	126,000	160,000
Benefits paid	68,000	0
Charges to operations	9,000	12,000
Deferred Compensation Plan [Member]
Charges to operations	$ 14,000	$ 14,000

Earnings (Loss) Per Share (EP_3

Earnings (Loss) Per Share (EPS) - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	65,154	177,059

Earnings (Loss) Per Share (EP_4

Earnings (Loss) Per Share (EPS) - Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net loss		$ (6,792)	$ (148)
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		5,977,859	6,216,791
Less: Weighted average unallocated ESOP shares		443,900	441,651
Weighted average shares outstanding for basic EPS		5,533,959	5,775,140
Additional dilutive shares	[1]	0	0
Weighted average shares outstanding for dilutive EPS	[2]	5,533,959	5,775,140
Basic (loss) per share		$ (1.23)	$ (0.03)
Diluted (loss) per share	[1],[2]	$ (1.23)	$ (0.03)
[1] For 2023 and 2022, the effect of the stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted (loss) calculations. Diluted loss per share and average shares outstanding excludes all common shares as their effect is anti-dilutive.

Earnings (Loss) Per Share (EP_5

Earnings (Loss) Per Share (EPS) - Schedule of Earnings Per Share, Basic and Diluted (Parenthetical) (Detail) - shares		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Dilutive shares	[1]	0	0
[1] For 2023 and 2022, the effect of the stock options was anti-dilutive due to the net loss and therefore no dilutive shares are included in the weighted average shares outstanding or diluted (loss) calculations.

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands		12 Months Ended
	Mar. 27, 2020	Dec. 31, 2023	Dec. 31, 2022	Aug. 26, 2022
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans		$ 977,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition		3 years 6 months 7 days
Estimated weighted average grant-date fair value of options granted		$ 10,000
Restricted Stock [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans		$ 1,200
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition		3 years 5 months 4 days
Stock option expense recognised		$ 376,000	$ 211,000
Employee Stock Option
Share-based compensation arrangement by share-based payment award [Line Items]
Stock option expense recognised		$ 302,000	$ 152,000
2020 Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Stock based compensation number of shares authorized	95,387
Shares adjusted for the 2021 conversion	125,557
2020 Equity Incentive Plan [Member] | Employee Stock Option
Share-based compensation arrangement by share-based payment award [Line Items]
Stock based compensation number of shares authorized	238,467
Shares adjusted for the 2021 conversion	313,894
2022 Equity Incentive Plan [Member] | Restricted Stock [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Stock based compensation number of shares authorized				141,680
Common stock available for grant		44,455
2022 Equity Incentive Plan [Member] | Employee Stock Option
Share-based compensation arrangement by share-based payment award [Line Items]
Stock based compensation number of shares authorized				354,200
Common stock available for grant		21,382

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Assumptions Used in Estimating the Fair Value of Options Granted (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Dividend yield	0%	0%
Risk-free interest rate	3.59%	3.83%
Expected volatility	24.64%	24.64%
Weighted average expected life (years)	6 years 6 months	6 years 6 months
Weighted average per share value of options	$ 3.37	$ 3.47

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of share based compensation stock options activity [Line Items]
Stock options - Beginning	656,130	300,720
Stock options - Shares granted	3,000	355,410
Stock options - Shares exercised	(3,159)
Stock options - Shares forfeited	(52,703)
Stock Options- Vested Shares Expired	(3,158)
Stock options - Ending	600,110	656,130	300,720
Stock options - Options exercisable	229,818	112,824
Weighted Average Exercise Price - Beginning	$ 8.27	$ 6.19
Weighted Average Exercise Price - Granted	9.94	10.02
Weighted Average Exercise Price - Exercised	5.96
Weighted Average Exercise Price - Forfeited	8.22
Weighted Average Exercise Price - Vested Shares Expired	5.96
Weighted Average Exercise Price - Ending	8.3	8.27	$ 6.19
Weighted Average Exercise Price - Options exercisable	$ 7.24	$ 6.09
Weighted Average Remaining Contractual Term (Years)	7 years 5 months 26 days	8 years 8 months 8 days	8 years 4 months 24 days
Weighted Average Remaining Contractual Term (Years) - Options granted	6 years 6 months
Weighted Average Remaining Contractual Term (Years) - Options exercisable	6 years 5 months 23 days	7 years 4 months 6 days
Aggregate Intrinsic Value - Beginning	$ 1,122,214	$ 1,443,067
Aggregate Intrinsic Value - Exercised	4,746
Aggregate Intrinsic Value - Ending	238,951	1,122,214	$ 1,443,067
Aggregate Intrinsic Value - Options exercisable	$ 152,831	$ 432,408

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Nonvested Stock option Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Nonvested	543,306		248,043
Granted	3,000		355,410
Vested	(123,311)	[1]	(60,147)	[2]
Forfeited	(52,703)
Nonvested	370,292		543,306
Nonvested	$ 2.82		$ 1.58
Granted	3.37		3.47
Vested	2.57	[1]	1.56	[2]
Forfeited	2.55
Nonvested	$ 2.94		$ 2.82
[1] Inclu des 2,106 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer. Inclu des 2,105 sha res vested under a nonqualified stock option inducement award to the Company's President and Chief Executive Officer.

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of Nonvested Stock option Activity (Parenthetical) (Detail) - shares		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Shares vested under a nonqualified stock option inducement award	[1]	48,667	[2]	23,532	[3]
President and Chief Executive Officer [Member]
Shares vested under a nonqualified stock option inducement award		2,106		2,105
[1] Includ es 263 shares vested under a restricted stock inducement award to the Company's President and Chief Executive Officer. Include s 7,238 sha res surrendered by employees to cover payroll tax costs related to the vested shares. Includes 7,238 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Stock Based Compensation - Su_5

Stock Based Compensation - Summary of Restricted Stock Unit Activity (Detail) - $ / shares		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Schedule Of Share Based Compensation Restricted Stock Units Award Activity [Abstract]
Nonvested		211,349		97,128
Granted				137,753
Vested	[1]	(48,667)	[2]	(23,532)	[3]
Forfeited		(18,385)
Nonvested		144,297		211,349
Nonvested		$ 8.71		$ 6.25
Granted				10.02
Vested	[1]	8.21	[2]	6.2	[3]
Forfeited		8.15
Nonvested		$ 8.95		$ 8.71
[1] Includ es 263 shares vested under a restricted stock inducement award to the Company's President and Chief Executive Officer. Include s 7,238 sha res surrendered by employees to cover payroll tax costs related to the vested shares. Includes 7,238 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Stock Based Compensation - Su_6

Stock Based Compensation - Summary of Restricted Stock Unit Activity (Parenthetical) (Detail) - shares		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares vested under a nonqualified stock option inducement award	[1]	48,667	[2]	23,532	[3]
Restrcited shares vested related to shares surrenders to cover payroll taxes		7,238		7,238
President and Chief Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares vested under a nonqualified stock option inducement award		2,106		2,105
President and Chief Executive Officer [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares vested under a nonqualified stock option inducement award		263		263
[1] Includ es 263 shares vested under a restricted stock inducement award to the Company's President and Chief Executive Officer. Include s 7,238 sha res surrendered by employees to cover payroll tax costs related to the vested shares. Includes 7,238 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Parent Company Only Financial_3

Parent Company Only Financial Statements - Summary of Condensed Financial Statements of Parent Holding Company (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash in bank subsidiary	$ 11,220	$ 26,029
Loans receivable-ESOP	394,834	359,574
Other assets	8,988	11,244
TOTAL ASSETS	557,607	543,016
Liabilities and Stockholders' Equity
Other Liabilities	7,817	7,149
TOTAL LIABILITIES	484,846	467,654
Total stockholders' equity	72,761	75,362	$ 90,893
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	557,607	543,016
Interest and dividend income:
Loans-ESOP	17,029	13,584
Total interest and dividend income	20,855	16,438
Interest expense:
Total interest expense	8,544	1,991
Net interest income	12,311	14,447
Noninterest income	(1,371)	1,737
Noninterest expense	17,044	16,281
Loss before income taxes	(6,404)	(319)
Income tax benefit	388	(171)
Net loss	(6,792)	(148)
Cash flows from operating activities:
Net loss	(6,792)	(148)
Adjustments to reconcile net loss to net cash from operating activities:
Gain on sale of other real estate	(110)
Stock compensation expense	678	363
Deferred income tax benefit	388	(171)
Changes in operating assets and liabilities:
Net cash (used in) provided by operating activities	(709)	2,585
Cash Flows From Investing Activities
Proceeds from sale of other real estate owned	699
Net cash (used in) provided by investing activities	(29,320)	(55,141)
Cash flows from financing activities
Reimbursement of stock offering costs		2
Stock options exercised	19
Purchases of ESOP shares		(1,062)
Net cash (used in) provided by financing activities	14,935	14,097
Net decrease in cash and cash equivalents	(15,094)	(38,459)
Cash and cash equivalents at beginning of period	28,344	66,803
Cash and cash equivalents at end of period	13,250	28,344
Parent Company [Member]
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
Interest and dividend income:
Loans-ESOP	146	144
Total interest and dividend income	146	144
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)
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) provided by 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 recived on ESOP loan	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 period	12,218	17,846
Cash and cash equivalents at end of period	$ 7,961	$ 12,218