1895 Bancorp of Wisconsin (BCOW) 10-K 29 Mar 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 23, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2021
Amendment Flag	false
Document Fiscal Year Focus	2021
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
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		6,371,198
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			$ 86.4
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
ICFR Auditor Attestation Flag	false
Auditor Name	Wipfli LLP
Auditor Firm ID	344
Auditor Location	Eau Claire, Wisconsin
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE: None.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks		$ 65,300	$ 87,977
Fed funds sold		1,503	4,549
Cash and cash equivalents		66,803	92,526
Marketable equity securities, stated at fair value		3,544	2,992
Available for sale securities, stated at fair value		112,440	58,703
Loans held for sale		1,183	2,484
Loans, net		323,789	329,073
Premises and equipment, net		5,864	6,275
Mortgage servicing rights, net		2,036	1,806
Federal Home Loan Bank (FHLB) stock, at cost		3,032	3,032
Accrued interest receivable		948	912
Cash value of life insurance		13,892	13,485
Other assets		6,108	5,469
TOTAL ASSETS		539,639	516,757
Liabilities and Stockholders' Equity
Deposits		384,501	379,848
Advance payments by borrowers for taxes and insurance		1,860	2,737
FHLB advances		55,442	68,398
Accrued interest payable		109	183
Other liabilities		6,834	5,583
TOTAL LIABILITIES		448,746	456,749
Common stock (par value $0.01 per share) Authorized - 90,000,000 shares at December 31, 2021 and December 31, 2020 Issued - 6,402,571 at December 31, 2021 and 4,961,626 at December 31, 2020 (includes 97,128 and 84,949 unvested shares, respectively) Outstanding - 6,372,508 at December 31, 2021 and 4,834,401 at December 31, 2020 (includes 97,128 and 84,949 unvested shares, respectively)	[1]	64	49
Preferred stock, $0.01 par value, 10,000,000 shares authorized at December 31, 2021 and December 31, 2020		0	0
Additional paid-in capital		52,805	20,134
Unallocated common stock of Employee Stock Ownership Plan (ESOP), 377,077 and 161,486 shares at December 31, 2021 and December 31, 2020, respectively	[1]	(3,432)	(1,615)
Less treasury stock at cost, 30,063 at December 31, 2021 and 127,225 at December 31, 2020	[1]	(301)	(1,228)
Retained earnings		41,615	41,530
Accumulated other comprehensive income, net of income taxes		142	1,138
Total stockholders' equity		90,893	60,008
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 539,639	$ 516,757
[1]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical)		Dec. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares
Common Stock, Par or Stated Value Per Share | $ / shares		$ 0.01	$ 0.01
Common Stock, Shares Authorized		90,000,000	90,000,000
Common Stock, Shares, Issued		6,402,571	4,961,626
Common Stock, Shares, Outstanding		6,372,508	4,834,401
Preferred stock par or stated value per share | $ / shares		$ 0.01	$ 0.01
Preferred stock shares authorized		10,000,000	10,000,000
Unallocated common stock of Employee Stock Ownership Plan		377,077	161,486
Treasury stock		30,063	127,225
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	[1]	97,128	111,802
Common stock shares conversion ratio as part of offering pursuant to share based scheme		1.3163
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			84,949
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		97,128
Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number			84,949
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		97,128
[1]	Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Interest and dividend income:
Loans, including fees		$ 12,594		$ 13,959
Securities, taxable		1,399		1,349
Other		245		187
Total interest and dividend income		14,238		15,495
Interest expense:
Interest-bearing deposits		784		2,320
Borrowed funds		752		721
Total interest expense		1,536		3,041
Net interest income		12,702		12,454
Provision for loan losses		30		500
Net interest income after provision for loan losses		12,672		11,954
Noninterest income:
Service charges and other fees		964		814
Loan servicing, net		1,157		546
Net gain on sale of loans		1,503		3,499
Net gain on sale of securities		12		1,023
Increase in cash surrender value of insurance		407		400
Unrealized gain on marketable equity securities		222		568
Other		5		(72)
Total noninterest income		4,270		6,778
Noninterest expense:
Salaries and employee benefits		10,425		9,674
Foreclosed assets, net				(6)
Advertising and promotions		111		110
Data processing		801		761
Occupancy and equipment		1,410		1,361
FDIC assessment		163		112
Other		4,011		3,667
Total noninterest expense		16,921		15,679
Income before income taxes		21		3,053
Income (benefit) tax expense		(64)		1,736
Net income		$ 85	[1]	$ 1,317	[2]
Earnings per share:
Basic	[3]	$ 0.01		$ 0.28
Diluted	[3]	$ 0.01	[1]	$ 0.28	[2]
Average common shares outstanding:
Basic	[3]	5,987,164	[1]	4,642,171	[2]
Diluted	[3]	6,190,409		4,685,208
[1]	Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[2]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[3]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). Refer to Note 18 Earnings Per Share for retroactive recognition given to the exchange ratio applied in the Conversion for the year ended December 31, 2020.

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical)	Dec. 31, 2021	Jul. 14, 2021
Income Statement [Abstract]
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163	1.3163

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021		Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 85	[1]	$ 1,317	[2]
Other comprehensive (loss) income:
Unrealized holding (losses) gains arising during the period	(1,352)		2,435
Reclassification adjustment for gains realized in net income	(12)		(1,023)
Other comprehensive (loss) income before tax effect	(1,364)		1,412
Tax effect of other comprehensive (loss) income items	(368)		381
Other comprehensive (loss) income, net of tax	(996)		1,031
Comprehensive (loss) income	$ (911)		$ 2,348
[1]	Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[2]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands		Total		Common stock	Additional paid-in capital	Treasury Stock	Unallocated common stock of ESOP	Retained earnings	Accumulated other comprehensive income (loss)
Balance at Dec. 31, 2019		$ 58,665		$ 49	$ 19,981		$ (1,685)	$ 40,213	$ 107
Net income		1,317	[1]					1,317
Other comprehensive income		1,031							1,031
Repurchase of common stock		(1,053)				$ (1,053)
Common stock reclassified to treasury stock		(175)				(175)
ESOP shares committed to be released (7,021 shares)	[1]	67			(3)		70
Stock compensation expense		156			156
Balance at Dec. 31, 2020		60,008		49	20,134	(1,228)	(1,615)	41,530	1,138
Net income		85	[2]					85
Other comprehensive income		(996)							(996)
Gross proceeds from stock offering		35,418		15	35,403
Purchase of treasury stock by Rabbi Trust		(136)				(136)
Sales of treasury stock by Rabbi Trust		10				10
Repurchase of common stock		(15)			(15)
Contribution from 1895 Bancorp of Wisconsin, MHC		100			100
Stock offering costs		(1,988)			(1,988)
Retirement of treasury shares from stock offering					(1,053)	1,053
Purchase of ESOP Shares		(2,041)					(2,041)
ESOP shares committed to be released (7,021 shares)		246			22		224
Retirement of common stock		(69)			(69)
Stock options exercised		30			30
Stock compensation expense		241			241
Balance at Dec. 31, 2021		$ 90,893		$ 64	$ 52,805	$ (301)	$ (3,432)	$ 41,615	$ 142
[1]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[2]	Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	Dec. 31, 2021shares	Dec. 31, 2020shares
ESOP shares committed to be released	22,401	7,021
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163

Consolidated Statements of Cash

Consolidated Statements of Cash flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 85	$ 1,317
Adjustments to reconcile net income to net cash from operating activities:
Net amortization of investment securities	221	232
Depreciation	654	661
Provision for loan losses	30	500
Net loss on disposal of premises and equipment	0	33
Net change in fair value of marketable equity securities	(222)	(568)
Net gain on sale of available for sale securities	(12)	(1,023)
Stock compensation expense	241	156
Adjustment to mortgage servicing rights valuation	(369)	369
(Benefit from) provision for deferred income tax	(64)	1,650
Originations of mortgage loans held for sale	(121,562)	(195,425)
Proceeds from sales of mortgage loans held for sale	124,366	197,125
Net gain on sale of mortgage loans held for sale	(1,503)	(3,499)
ESOP compensation	246	67
Net change in cash value of life insurance	(407)	(400)
Changes in operating assets and liabilities:
Net change in mortgage servicing rights	139	(3)
Change in accrued interest receivable and other assets	(243)	(248)
Change in accrued interest payable and other liabilities	1,108	322
Net cash provided by operating activities	2,708	1,266
Cash Flows From Investing Activities
Proceeds from sales of available for sale securities	1,018	19,515
Maturities, prepayments, and calls of available for sale securities	12,442	55,217
Purchases of available for sale securities	(68,770)	(59,857)
Net Change In Marketable Equity Securities	(330)	(46)
Net (increase) decrease in loans	5,254	(18,899)
Net capital expenditures for premises and equipment	(243)	(288)
Net increase in Federal Home Loan Bank stock	0	(2,119)
Cash Received In MHC Merger	100	0
Net cash used in investing activities	(50,529)	(6,477)
Cash flows from financing activities
Net increase in deposits	4,653	35,252
Net (decrease) increase in advance payments by borrowers for taxes and insurance	(877)	1,056
Proceeds from the issuance of FHLB advances	0	52,000
Proceeds from stock offering	35,418	0
Stock offering costs	(1,988)	0
Purchase of ESOP shares	(2,041)	0
Purchases of common stock	(151)	(1,053)
Sale of treasury stock by Rabbi Trust	10	0
Principal payments on Federal Home Loan Bank advances	(12,956)	(1,225)
Stock options exercised	30	0
Net cash provided by financing activities	22,098	86,030
Net (decrease) increase in cash and cash equivalents	(25,723)	80,819
Cash and cash equivalents at beginning of year	92,526	11,707
Cash and cash equivalents at end of year	66,803	92,526
Supplemental cash flow information:
Cash paid during the year for interest	1,610	3,242
Cash received during the year for income taxes	(196)	(5)
Noncash activities:
Retirement of common stock	69	0
Loans transferred to loans held for sale	0	124
Issuance of treasury stock – stock compensation plans	15	0
1895 Bancorp of Wisconsin, Inc. common stock held by PyraMax Bank reclassified to treasury stock	0	175
Retirement of treasury stock	$ 1,053	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
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 The cost of the reorganization and the issuing of the common stock totaling $2.0 million 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. Impact of COVID-19 On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) COVID-19 COVID-19 COVID-19 Jumpstart Our Business Startups Act The Jumpstart Our Business Startups Act (the JOBS Act), which was signed into law on April 5, 2012, has made numerous changes to the federal securities laws to facilitate access to capital markets. Under the JOBS Act, a company with total annual gross revenues of less than $1.0 billion during its most recently completed fiscal year qualifies as an “emerging growth company.” The Company qualifies as an “emerging growth company” and believes that it will continue to qualify as an “emerging growth company” until five years from the completion of the stock offering. As an “emerging growth company,” the Company has elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the financial statements may not be comparable to the financial statements of companies that comply with such new or revised accounting standards. 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 loan 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 non-sufficient Sale of foreclosed assets Merchant card arrangement fees Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, interest-bearing and non-interest-bearing 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 for the period related to marketable equity securities still held as of December 31, 2021 and 2020 was $222 and $568, 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, 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. Declines in fair value of securities that are deemed to be other than temporary, if applicable, are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient enough to allow for any anticipated recovery in fair value. 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 loan 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 Allowance for Loan Losses The allowance for loan losses is maintained at the level considered adequate by management to provide for losses that are probable as of the balance sheet date. The allowance for loan losses is established through a provision for loan losses charged to expense as losses are estimated to have occurred. Loan losses are charged against the allowance when management believes that the collectability of the principal is unlikely. Subsequent recoveries, if any, are credited to the allowance. In determining the adequacy of the allowance balance, the Company makes evaluations of the loan portfolio and related off-balance When establishing the allowance for loan losses, management categorizes loans into risk categories generally based on the nature of the collateral and the basis of repayment. These risk categories and their relevant risk characteristics are as follows: Commercial real estate Land development: on-site Commercial Other: Residential real estate: loan-to-value Consumer: 1-4 Management regularly evaluates the allowance for loan losses using the Company’s past loan loss experience, known and inherent risks in the loan portfolio, composition of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, current economic conditions, and other relevant factors. This evaluation is inherently subjective since it requires material estimates that may be susceptible to significant change. A loan is 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. Management determines whether a loan is impaired on a case-by-case In addition, various regulatory agencies periodically review the allowance for loan losses. These agencies may require the Company to make additions to the allowance for loan losses based on their judgments of collectability based on information available to them at the time of their examination. Troubled Debt Restructurings Loans are accounted for as troubled debt restructurings when a borrower is experiencing financial difficulties that lead to a restructuring of the loan, and the Company grants a “concession” to the borrower that they would not otherwise consider. These concessions include a modification of terms such as a reduction of the stated interest rate or loan balance, a reduction of accrued interest, an extension of the maturity date at an interest rate lower than a current market rate for a new loan with similar risk, or some combination thereof to facilitate repayment. Troubled debt restructurings are considered impaired loans. 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. 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, 2021 and 2020, respectively. There were approximately $52 and $56 of residential real estate loans in process of foreclosure at December 31, 2021 and 2020, 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 loan 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 In the ordinary course of business, the Company has entered into off-balance-sheet 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 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 costs are expensed as incurred. Other Comprehensive (Loss) Income Other comprehensive (loss) income is shown on the statements of comprehensive (loss) income. The Company’s accumulated other comprehensive (loss) income 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) income for gains realized on sales of securities available for sale comprise the entire balance of “net gain on sale of securities” on the statements of operations. As part of this reclassification, income tax expense of approximately $3 and $276 was recognized for the years ended December 31, 2021 and 2020, respectively, in “income (benefit) tax expense” on the statements of operations. Reclassifications Certain reclassifications have been made to the 2020 consolidated financial statements to conform to the 2021 classifications. Subsequent events Management has reviewed the Company’s operations for potential disclosure or financial statement impacts related to events occurring after December 31, 2021, but prior to the release of these consolidated financial statements. Based on the results of this review, no other subsequent event disclosures or financial statement impacts to these consolidated financial statements are required. Recent Accounting Pronouncements The following Accounting Standards Updates (ASU) have been issued by the Financial Accounting Standards Board (FASB) and may impact the Company’s consolidated financial statements in future reporting periods. ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) 2016-13 2019-10, 2016-13 2016-13 ASU 2016-02, Leases (Topic 842) 2016-02 2019-10, 2020-05, ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04

Cash and Due from Banks

Cash and Due from Banks	12 Months Ended
	Dec. 31, 2021
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 ratios 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. 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, 2021
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: Gross Gross Amortized Unrealized Unrealized December 31, 2021 Cost Gains Losses Fair Value U.S. Treasury notes $ 19,501 $ 8 $ (25 ) $ 19,484 Obligations of states and political subdivisions 20,758 207 (205 ) 20,760 Government-sponsored mortgage-backed securities 64,049 563 (463 ) 64,149 Asset-backed securities 6,479 45 (1 ) 6,523 Certificates of deposit 1,459 65 — 1,524 Total $ 112,246 $ 888 $ (694 ) $ 112,440 Gross Gross Amortized Unrealized Unrealized December 31, 2020 Cost Gains Losses Fair Value Obligations of states and political subdivisions $ 11,570 $ 244 $ (11 ) $ 11,803 Government-sponsored mortgage-backed securities 36,886 1,165 (12 ) 38,039 Asset-backed securities 7,231 57 (7 ) 7,281 Certificates of deposit 1,458 122 — 1,580 Total $ 57,145 $ 1,588 $ (30 ) $ 58,703 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. Available for sale securities with a carrying value of $1.8 million and $2.0 million were pledged as collateral to secure customer deposit accounts at December 31, 2021 and December 31, 2020, respectively. The following table presents the portion of the Company’s portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 Value Loss Value Loss Value Loss U.S. Treasury notes $ 12,971 $ (25 ) $ — $ — $ 12,971 $ (25 ) Obligations of states and political subdivisions 5,414 (82 ) 4,105 (123 ) 9,519 (205 ) Government-sponsored mortgage-backed securities 39,392 (463 ) — — 39,392 (463 ) Asset-backed securities 808 (1 ) — — 808 (1 ) Total $ 58,585 $ (571 ) $ 4,105 $ (123 ) $ 62,690 $ (694 ) Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Value Loss Value Loss Value Loss Obligations of states and political subdivisions $ 4,235 $ (11 ) $ — $ — $ 4,235 $ (11 ) Government-sponsored mortgage-backed securities 4,984 (12 ) — — 4,984 (12 ) Asset-backed securities — — 638 (7 ) 638 (7 ) Total $ 9,219 $ (23 ) $ 638 $ (7 ) $ 9,857 $ (30 ) At December 31, 2021, the Company had 24 debt securities with unrealized losses with aggregate depreciation of 1.1% from the Company’s amortized cost basis. At December 31, 2020, the Company had 5 debt securities with unrealized losses with aggregate depreciation of 0.3% from the Company’s amortized cost basis. These unrealized losses relate principally to the changes in interest rates and are not caused by changes in the financial condition of the issuer, the quality of any underlying assets, or applicable credit enhancements. In analyzing whether unrealized losses on debt securities are other than temporary, management considers whether the securities are issued by a government body or agency, whether a rating agency has downgraded the securities, industry analysts’ reports, the financial condition and performance of the issuer, and the quality of any underlying assets or credit enhancements. Since management has the ability to hold debt securities for the foreseeable future, no declines are deemed to be other than temporary. The amortized cost and fair value of available for sale securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities in mortgage-backed securities since the anticipated maturities are not readily determinable. Therefore, these securities are not included in the maturity categories in the following maturity summary listed below: December 31, 2021 Amortized Fair Cost Value Debt and other securities: Due in one year or less $ 1,505 $ 1,512 Due after one through 5 years 13,901 13,982 Due after 5 through 10 years 14,812 14,822 Due after 10 years 11,500 11,452 Total debt and other securities 41,718 41,768 Mortgage-related securities 64,049 64,149 Asset-backed securities 6,479 6,523 Total $ 112,246 $ 112,440 The following is a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for each of the periods listed below: Years ended December 31, 2021 2020 Proceeds from sales of securities available-for-sale $ 1,018 $ 19,515 Gross realized gains 12 1,023 Gross realized losses — —

Loans

Loans	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Loans	NOTE 4 — Loans Major classifications of loans are as follows: As of December 31, 2021 2020 Commercial: Real estate $ 185,223 $ 189,291 Land development 1,400 1,492 Other 38,160 46,184 Residential real estate: First mortgage 80,661 68,968 Construction 3,388 2,954 Consumer: Home equity and lines of credit 17,032 22,348 Other 128 361 Subtotal 325,992 331,598 Net deferred loan costs 655 178 Allowance for loan losses (2,858 ) (2,703 ) Loans, net $ 323,789 $ 329,073 Deposit accounts in an overdrawn position and reclassified as loans totaled $106 and $141 at December 31, 2021 and 2020, respectively. The Coronavirus Aid, Relief and Economic Security (“CARES”) Act authorized the Small Business Administration (“SBA”) to temporarily guarantee loans under a new loan program called the Paycheck Protection Program (“PPP”). As a qualified SBA lender, we were automatically authorized to originate PPP loans. The Company actively participated in assisting our customers with applications for resources through the program until its closing on August 8, 2020. PPP loans originated by the Company have: (a) an interest rate of 1.0%, (b) two-year On December 27, 2020, the Relief Act became law and provided an additional $284 billion for the PPP, as well as extending the PPP through March 31, 2021. Among the changes to the PPP as a result of the Relief Act include: (1) an opportunity for a second PPP forgivable loan for small businesses and nonprofits with 300 or fewer employees that can demonstrate a loss of 25% of gross receipts in any quarter during 2020 compared to the corresponding quarter in 2019 (or demonstrating a loss of 25% of gross receipts for the calendar year 2020 compared to calendar year 2019); (2) allowing qualified borrowers to apply for a PPP loan up to 2.5 times (or 3.5 times for small businesses in the restaurant and hospitality industries) the borrower’s average monthly payroll costs in the one-year a tax-deductible, 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. 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, 2021 and December 31, 2020, respectively, the Company had transferred $32.1 million and $29.6 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: December 31, 2021 Commercial Residential Consumer Total Allowance for loan losses Beginning balance $ 1,609 $ 745 $ 349 $ 2,703 Provision (credit) for loan losses 30 — — 30 Loans charged-off — — (19 ) (19 ) Recoveries 18 — 126 144 Ending balance $ 1,657 $ 745 $ 456 $ 2,858 December 31, 2020 Commercial Residential Consumer Total Allowance for loan losses Beginning balance $ 1,235 $ 573 $ 192 $ 2,000 Provision (credit) for loan losses 360 100 40 500 Loans charged-off — (60 ) (8 ) (68 ) Recoveries 14 132 125 271 Ending balance $ 1,609 $ 745 $ 349 $ 2,703 Information about how loans were evaluated for impairment and the related allowance for loan losses follows: December 31, 2021 Commercial Residential Consumer Total Loans: Individually evaluated for impairment $ 4,833 $ 1,357 $ 37 $ 6,227 Collectively evaluated for impairment 219,950 82,692 17,123 319,765 Total loans $ 224,783 $ 84,049 $ 17,160 $ 325,992 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,657 745 456 2,858 Total allowance for loan losses $ 1,657 $ 745 $ 456 $ 2,858 December 31, 2020 Commercial Residential Consumer Total Loans: Individually evaluated for impairment $ 10,573 $ 411 $ 21 $ 11,005 Collectively evaluated for impairment 226,394 71,511 22,688 320,593 Total loans $ 236,967 $ 71,922 $ 22,709 $ 331,598 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,609 745 349 2,703 Total allowance for loan losses $ 1,609 $ 745 $ 349 $ 2,703 Information regarding impaired loans follows: Recorded Unpaid Reserve Average Interest December 31, 2021 Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgages — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve — — — — — Impaired loans with no reserve: Commercial: Real estate $ 4,088 $ 4,089 NA $ 5,615 $ 213 Land development — — NA 734 33 Other 745 796 NA 1,478 35 Residential real estate: First mortgages 1,357 1,572 NA 914 34 Construction — — NA — — Consumer: Home equity and lines of credit 37 41 NA 17 22 Other — — NA — — Total impaired loans with no reserve 6,227 6,498 NA 8,758 337 Total impaired loans $ 6,227 $ 6,498 $ — $ 8,758 $ 337 Information regarding impaired loans follows: Recorded Unpaid Reserve Average Interest December 31, 2020 Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgages — — — 36 — Construction — — — — — Consumer: Home equity and lines of credit — — — 4 — Other — — — — — Total impaired loans with reserve — — — 40 — Impaired loans with no reserve: Commercial: Real estate $ 6,277 $ 6,277 NA $ 6,268 $ 332 Land development 1,492 1,492 NA 503 40 Other 2,804 2,804 NA 2,301 138 Residential real estate: First mortgages 411 495 NA 568 261 Construction — — NA — — Consumer: Home equity and lines of credit 21 51 NA 24 3 Other — — NA — — Total impaired loans with no reserve 11,005 11,119 NA 9,664 774 Total impaired loans $ 11,005 $ 11,119 $ — $ 9,704 $ 774 Management regularly monitors impaired loan relationships. In the event facts and circumstances change, additional reserves may be necessary. There were no additional funds committed to impaired loans as of December 31, 2021 and 2020, respectively. The Company regularly evaluates various attributes of loans to determine the appropriateness of the allowance for loan 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. Information regarding the credit quality indicators most closely monitored for commercial loans by class follows: December 31, 2021 Pass Watch and Substandard Total Commercial: Real estate $ 172,172 $ 8,963 $ 4,088 $ 185,223 Land development 1,400 — — 1,400 Other 37,414 1 745 38,160 Total $ 210,986 $ 8,964 $ 4,833 $ 224,783 December 31, 2020 Pass Watch and Substandard Total Commercial: Real estate $ 163,961 $ 19,272 $ 6,058 $ 189,291 Land development — — 1,492 1,492 Other 37,675 5,705 2,804 46,184 Total $ 201,636 $ 24,977 $ 10,354 $ 236,967 There were no loans rated as doubtful at December 31, 2021 and December 31, 2020. Residential real estate and consumer loans are generally evaluated based on whether or not the loan is performing according to the contractual terms of the loan. Management determines that a loan is impaired or non-performing Information regarding the credit quality indicators most closely monitored for residential real estate and consumer loans by class follows: December 31, 2021 Performing Non-Performing Total Residential real estate: First mortgage $ 79,722 $ 939 $ 80,661 Construction 3,388 — 3,388 Consumer: Home equity and lines of credit 16,954 78 17,032 Other 128 — 128 Total $ 100,192 $ 1,017 $ 101,209 December 31, 2020 Performing Non-Performing Total Residential real estate: First mortgage $ 67,817 $ 1,151 $ 68,968 Construction 2,954 — 2,954 Consumer: Home equity and lines of credit 22,212 136 22,348 Other 361 — 361 Total $ 93,344 $ 1,287 $ 94,631 Loan aging and non-accrual December 31, 2021 Current Loans Past 30-89 Loans Past Total Non-accrual Commercial: Real estate $ 185,223 $ — $ — $ 185,223 $ — Land development 1,400 — — 1,400 — Other 38,127 33 — 38,160 — Residential real estate: First mortgage 80,319 342 — 80,661 939 Construction 3,388 — — 3,388 — Consumer: Home equity and lines of credit 17,032 — — 17,032 78 Other 128 — — 128 — Total $ 325,617 $ 375 $ — $ 325,992 $ 1,017 Total non-accrual 0.31 % Total non-accrual 0.19 % December 31, 2020 Current Loans Past 30-89 Loans Past Total Non-accrual Commercial: Real estate $ 189,050 $ 241 $ — $ 189,291 $ — Land development 1,492 — — 1,492 — Other 46,151 33 — 46,184 — Residential real estate: First mortgage 68,147 684 137 68,968 1,151 Construction 2,954 — — 2,954 — Consumer: Home equity and lines of credit 22,204 121 23 22,348 136 Other 361 — — 361 — Total $ 330,359 $ 1,079 $ 160 $ 331,598 $ 1,287 Total non-accrual 0.39 % Total non-accrual 0.25 % There are no loans 90 or more days past due and accruing interest as of December 31, 2021 or 2020. Non-performing Years ended December 31, 2021 2020 Nonaccrual loans, other than troubled debt restructurings $ 826 $ 1,068 Nonaccrual loans, troubled debt restructurings 191 219 Total nonperforming loans (NPLs) $ 1,017 $ 1,287 Troubled debt restructurings, accruing $ 418 $ 432 There were no loans modified as troubled debt restructurings during years ended December 31, 2021 and December 31, 2020. The provisions of the CARES Act included an election to not apply the guidance on accounting for troubled debt restructurings to loan modifications, such as extensions or deferrals, related to COVID-19 COVID-19 The Company considers a troubled debt restructuring in default if it becomes past due more than 90 days. No troubled debt restructurings defaulted within twelve months of their modification date during the years ended December 31, 2021 and 2020.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Land $ 863 $ 863 Buildings 8,060 7,845 Leasehold improvements 1 209 Furniture and equipment 6,111 5,929 Totals 15,035 14,846 Less: Accumulated depreciation 9,171 8,571 Premises and equipment, net $ 5,864 $ 6,275 Depreciation of premises and equipment totaled $654 and $661 for the years ended December 31, 2021 and 2020, respectively.

Mortgage Servicing Rights

Mortgage Servicing Rights	12 Months Ended
	Dec. 31, 2021
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	NOTE 6 — Mortgage Servicing Rights Loans serviced for others are not included in the consolidated The following is a summary of changes in the balance of mortgage servicing rights for the periods indicated below: As of December 31, 2021 2020 Mortgage servicing rights beginning balance $ 1,806 $ 2,172 Additions 553 770 Amortization (692 ) (767 ) De in 369 (369 ) Mortgage servicing rights ending balance $ 2,036 $ 1,806 Fair value at beginning of period $ 1,806 $ 2,404 Fair value at end of period $ 2,477 $ 1,806 There was no valuation allowance as of December 31, 2021. The valuation allowance as of December 31, 2020 was $369. The Company did not sell any mortgage servicing rights during the years ended December 31, 2021 and 2020. 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, 2021, the model used discount rates ranging from 10% to 13.5% and prepayment speeds ranging from 11.3% to 37%, respectively, both of which were based on market data from independent organizations. As of December 31, 2020, the model used discount rates of 10% to 13.5% and prepayment speeds ranging from 18% to 46%. 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, 2021. 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, 2021: 2022 $ 419 2023 282 2024 217 2025 181 2026 152 Thereafter 785 Total $ 2,036

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	NOTE 7 — Deposits The composition of deposits is as follows: As of December 31, 2021 2020 Non-interest $ 106,664 $ 98,970 Interest bearing checking 37,467 30,630 Money market 94,823 103,724 Statement savings 64,954 58,895 Certificates of deposit (1) 80,593 87,629 Total $ 384,501 $ 379,848 (1) Included in these amounts are brokered deposits of $5.5 million at December 31, 2020. There were no brokered deposits at December 31, 2021. Certificates of deposit that met or exceeded the FDIC insurance limit of $250 totaled $10.0 million and $8.7 million at December 31, 2021 and 2020, respectively. Interest expense on deposits is summarized as follows: Years ended December 31, 2021 2020 Interest bearing checking $ 36 $ 46 Money market 261 448 Statement savings 35 58 Certificates of deposit 452 1,768 Total $ 784 $ 2,320 The scheduled maturities of certificates of deposit are as follows: 2022 $ 77,339 2023 1,351 2024 972 2025 581 2026 350 Total $ 80,593

FHLB Advances and Other Borrowi

FHLB Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2021
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: As of December 31, 2021 2020 Rate Amount Rate Amount Fixed rate, COVID-19 N/A $ — 0.00 % $ 4,000 Fixed rate, fixed term advance, maturing July 2021 N/A — 1.41 % 7,000 Fixed rate, fixed term advance, maturing February 2022 1.62 % 6,500 1.62 % 6,500 Fixed rate, fixed term advance, maturing February 2023 1.62 % 6,500 1.62 % 6,500 Putable advance, maturing October 2029 first option date Nov 2020 1.03 % 10,000 1.03 % 10,000 Putable advance, maturing February 2030 first option date Feb 2023 0.98 % 5,000 0.98 % 5,000 Putable advance, maturing March 2030 first option date March 2025 0.89 % 10,000 0.89 % 10,000 Advance structured note, payments due monthly, maturing February 2030 7.47 % 542 7.47 % 584 Advance structured note, payments due monthly, maturing April 2030 1.05 % 8,405 1.05 % 9,365 Advance structured note, payments due monthly, maturing May 2030 1.19 % 8,495 1.19 % 9,449 Total $ 55,442 $ 68,398 A summary of the scheduled maturities and principal payments of Federal Home Loan Bank advances follows: December 31, 2021 Weighted Amount 2022 1.54 % 8,481 2023 1.54 % 8,506 2024 1.28 % 2,032 2025 1.30 % 2,059 2026 1.31 % 2,086 Thereafter 1.05 % 32,278 Total $ 55,442 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 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 mortgage loans with collateral values of approximately $147.5 million at December 31, 2021, and $149.1 million at December 31, 2020. FHLB advances were also secured by $3.0 million at December 31, 2021 and $3.0 million at December 31, 2020 of FHLB stock owned by the Company. At December 31, 2021 and 2020, the Company’s available and unused portion of this borrowing agreement totaled $90.9 million and $79.6 million, respectively. Additional borrowing would require additional purchase of FHLB stock. Additionally, at December 31, 2021 we had a $15.0 million federal funds rate line of credit with the BMO Harris Bank, none of which was drawn at December 31, 2021. The Company also had a $8.1 million line of credit at the Federal Reserve based on pledged commercial real estate loans of approximately $13.7 million at December 31, 2021. The Company had not drawn on the Federal Reserve line as of December 31, 2021.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
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 were $447 and $414 for the years ended December 31, 2021 and 2020, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Current tax expense (benefit): Federal $ — $ 86 State — — Total current tax expense (benefit) — 86 Deferred tax expense: Federal (49 ) 589 State (15 ) 127 Valuation allowance — 934 Total deferred tax expense (64 ) 1,650 Provision (credit) for income taxes $ (64 ) $ 1,736 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, 2021 2020 Amount % of Amount % of Reconciliation of statutory to effective rates: Federal income taxes at statutory rate $ 5 21.00 % $ 641 21.00 % Adjustments for: Increase in cash value of life insurance (85 ) (357.00 %) (84 ) (2.75 %) Change in valuation allowance — 0.00 % 934 30.60 % Other, net 16 67.20 % 245 8.03 % Total income tax expense (benefit) $ (64 ) (268.80 %) $ 1,736 56.88 % 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, 2021 2020 Deferred tax assets: Allowance for loan losses $ 780 $ 735 Deferred compensation 1,070 859 Accrued employee benefits 102 122 NOL and charitable contribution carryforwards 3,442 3,492 Premises and equipment 40 6 ESOP release of shares 32 17 Other 82 57 Total deferred tax assets $ 5,548 $ 5,288 Deferred tax liabilities: Loan fees $ 179 $ 48 Unrealized gain on available for sale securities 52 420 Mortgage servicing rights 556 491 FHLB stock dividends 26 26 Total deferred tax liabilities $ 813 $ 985 Net deferred tax asset/liability 4,735 4,303 Valuation allowance (934 ) (934 ) Net deferred tax asset $ 3,801 $ 3,369 Income (benefit) tax expense was ($64) for the year ended December 31, 2021 and $1.7 million for the year ended December 31, 2020. As of December 31, 2021 and December 31, 2020, the Company had a deferred tax asset valuation allowance of $934, reducing our net deferred tax assets to $3.8 million and $3.4 million, at each respective date. 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 $9.7 million as of December 31, 2021. Of this amount, $1.8 million represents a tax loss carryforward from the 2019 tax year has 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 $416 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 $19.9 million that may be applied against future state taxable income and begin to expire in 2024 as of December 31, 2021. The Company also has $419 With few exceptions, the Company is generally no longer subject to examinations by taxing authorities for years before 2018 for federal tax examinations and 2017 for state tax examinations.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
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, 2021 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 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- The contract amounts of credit-related financial instruments at December 31, 2021 and 2020 are summarized below: December 31, 2021 Fixed Variable Total Commitments to extend credit $ 21,586 $ 56,921 $ 78,507 Standby letters of credit — 175 175 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,214 — 1,214 Commitments to sell loans 5,410 — 5,410 Overdraft protection program commitments 3,993 — 3,993 December 31, 2020 Fixed Variable Total Commitments to extend credit $ 12,084 $ 41,778 $ 53,862 Standby letters of credit 23 2,150 2,173 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,087 — 1,087 Commitments to sell loans 53,847 — 53,847 Overdraft protection program commitments 4,104 — 4,104 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 $2.2 million of commitments to deliver loans through the Program as of December 31, 2021. 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, 2021, and 2020, 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. Lease Commitments At December 31, 2021, the Company was obligated under noncancelable operating leases for office space or other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $83 and $93 for the years ended December 31, 2021 and 2020, respectively. Rent commitments before considering renewal options that generally are present, were as follows at December 31, 2021: 2022 $ 85 2023 87 2024 15 Thereafter — Total $ 187

Concentration of Credit Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2021
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, 2021
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 the reorganization, effective January 1, 2019. 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 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 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 $246 and $67 in compensation expense for the years ended December 31, 2021 and December 31, 2020, respectively. The following table provides the allocated and unallocated shares of common stock associated with the ESOP as of December 31, 2021 and 2020. 2021 (1) 2020 Shares committed to be released 22,401 7,021 Total allocated shares 15,239 7,021 Total unallocated shares 377,077 161,486 Total ESOP shares 414,717 175,528 Fair value of unallocated shares (based on $10.99 and $9.96 share price as of December 31, 2021 and December 31, 2020, respectively) $ 4,144 $ 1,608 (1) Share amounts reflected in the table are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 14 — Related-Party Transactions A summary of loans to directors, executive officers, and their affiliates follows: Years ended 2021 2020 Beginning balance $ 1,034 $ 1,172 Adjustments due to changes in directors, executive officers, and/or principal stockholders 202 — New loans 53 512 Repayments (357 ) (650 ) Ending balance $ 932 $ 1,034 Deposits from directors, executive officers, and their affiliates totaled $1.1 million and $940 at December 31, 2021 and 2020, 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 $31 and $30 during the years ended December 31, 2021 and 2020, respectively.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2021
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 impaired 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 available-for-sale Impaired loans Rate lock commitments— Mortgage servicing rights 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, 2021 Level 1 Level 2 Level 3 Marketable equity securities $ 3,544 $ 3,544 $ — $ — Securities available-for-sale: U.S. Treasury notes 19,484 — 19,484 — Obligations of states and political subdivisions 20,760 — 20,760 — Government-sponsored mortgage-backed securities 64,149 — 64,149 — Asset-backed securities 6,523 — 6,523 — Certificates of deposit 1,524 — 1,524 — Total $ 115,984 $ 3,544 $ 112,440 $ — Recurring Fair Value Measurements Using December 31, 2020 Level 1 Level 2 Level 3 Marketable equity securities $ 2,992 $ 2,992 $ — $ — Securities available-for-sale: U.S. Treasury notes — — — — Obligations of states and political subdivisions 11,803 — 11,803 — Government-sponsored mortgage-backed securities 38,039 — 38,039 — Asset-backed securities 7,281 — 7,281 — Certificates of deposit 1,580 — 1,580 — Total $ 61,695 $ 2,992 $ 58,703 $ — Impaired loans are measured at fair value on a non-recurring Mortgage servicing rights are measured at fair value on a non-recurring 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: Fair Value at Significant Unobservable Input Value December 31, 2021 Valuation Significant Minimum Value Maximum Value Rate lock commitments 30 Pricing model Pull through rate 75.0 % 100.0 % Mortgage servicing rights 2,477 Pricing models Prepayment rate 11.3 % 37.0 % Discount rate 10.0 % 13.5 % Cost to service $ 83.00 $ 85.00 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 — Loans held for sale — Loans — non-performing FHLB stock Accrued interest receivable and payable Cash value of life insurance Deposits and advance payments by borrowers for taxes and insurance FHLB Advances The carrying value and estimated fair value of financial instruments follow: December 31, 2021 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 66,803 $ 66,803 $ — $ — Available for sale securities 112,440 — 112,440 — Marketable equity securities 3,544 3,544 — — Loans held for sale 1,183 — 1,183 — Loans 323,789 — — 323,182 Rate lock commitments 30 — — 30 Accrued interest receivable 948 948 — — Federal Home Loan Bank Stock 3,032 — — 3,032 Cash value of life insurance 13,892 — — 13,892 Financial liabilities: Deposits 384,501 303,908 — 80,473 Advance payments by borrowers for taxes and insurance 1,860 1,860 — — Federal Home Loan Bank advances 55,442 — — 55,981 Accrued interest payable 109 109 — — December 31, 2020 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 92,526 $ 92,526 $ — $ — Available for sale securities 58,703 — 58,703 — Marketable equity securities 2,992 2,992 — — Loans held for sale 2,484 — 2,484 — Loans 329,073 — — 332,882 Rate lock commitments 354 — — 354 Accrued interest receivable 912 912 — — Federal Home Loan Bank Stock 3,032 — — 3,032 Cash value of life insurance 13,485 — — 13,485 Financial liabilities: Deposits 379,848 292,219 — 87,884 Advance payments by borrowers for taxes and insurance 2,737 2,737 — — Federal Home Loan Bank advances 68,398 — — 70,561 Accrued interest payable 183 183 — — Limitations — 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- off-balance-sheet

Equity and Regulatory Matters

Equity and Regulatory Matters	12 Months Ended
	Dec. 31, 2021
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 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, 2021, that the Bank met all applicable capital adequacy requirements. As of December 31, 2021, 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, 2021 that management believes have changed the category. The Bank’s actual capital amounts and ratios are presented in the following tables: Actual For Capital Adequacy To Be Well Capitalized Under (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2021 PyraMax Bank Leverage (Tier 1) $ 65,179 11.9 % $ 21,838 4.0 % $ 27,298 5.0 % Risk-based: Common Equity Tier 1 65,179 19.4 % 15,124 4.5 % 21,846 6.5 % Tier 1 65,179 19.4 % 20,166 6.0 % 26,888 8.0 % Total 68,037 20.2 % 26,888 8.0 % 33,610 10.0 % December 31, 2020 PyraMax Bank Leverage (Tier 1) $ 49,534 9.8 % $ 20,195 4.0 % $ 25,243 5.0 % Risk-based: Common Equity Tier 1 49,534 15.1 % 14,725 4.5 % 21,269 6.5 % Tier 1 49,534 15.1 % 19,633 6.0 % 26,177 8.0 % Total 52,237 16.0 % 26,177 8.0 % 32,722 10.0 %

Deferred Compensation

Deferred Compensation	12 Months Ended
	Dec. 31, 2021
Compensation Related Costs [Abstract]
Disclosure Of 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 $ million and $ million at December , and , 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 gain or losses realized from the sales of marketable equity securities. Benefits paid total $ and $ for the years ended December , and , respectively. The amount charged to operations related to administrative fees for deferred compensation plans was $ and $ for the years ended December , and , respectively. 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 $231 and $299 at December 31, 2021 and 2020, respectively. The amount charged to operations was $16 and $20 for the years ended December 31, 2021 and 2020, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 18 — Earnings Per Share (EPS) Basic earnings per share is computed by dividing net income 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. Earnings per common share for the years ended December 31, 2021 and 2020 is presented in the following table. Years ended December 31, 2021 (1) 2020 (2) 2020 (1) (Unaudited) (dollars in thousands, except per share amounts) Net income $ 85 $ 1,317 $ 1,317 Weighted shares outstanding for basic EPS Weighted average shares outstanding 6,248,678 4,807,158 6,327,662 Less: Weighted average unallocated ESOP shares 261,514 164,987 217,172 Weighted average shares outstanding for basic EPS 5,987,164 4,642,171 6,110,490 Additional dilutive shares 203,245 43,037 56,649 Weighted average shares outstanding for dilutive EPS 6,190,409 4,685,208 6,167,139 Basic income per share $ 0.01 $ 0.28 $ 0.22 Diluted income per share $ 0.01 $ 0.28 $ 0.21 (1) Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). (2) Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	NOTE 19 – Stock Based Compensation Stock-Based Compensation Plan 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 and 95,387 restricted shares were approved for award. The stock options granted to employees and non-employee non-employee 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 life time period prior to issuance date. The following assumptions were used in estimating the fair value of options granted in the years ended December 31, 2021 and December 31, 2020: 2021 2020 Dividend yield 0.00 % 0.00 % Risk-free interest rate 0.96 % 0.45 % Expected volatility 24.64 % 24.00 % Weighted average expected life 6.5 6.5 Weighted average per share value of options $ 2.10 $ 1.98 Based on the assumptions above, the estimated weighted average grant-date fair value of options granted was $78 during the year ended December 31, 2021. A summary of the Company’s stock option activity for the years ended December 31, 2021 and 2020 is presented below. Stock Options Shares (1) Weighted Weighted Aggregate Outstanding and exercisable December 31, 2019 — $ — — — Granted 287,097 5.99 — 1,138,663 Exercised — — — — Forfeited — — — — Outstanding December 31, 2020 287,097 5.99 9.30 1,138,663 Options exercisable at December 31, 2020 — $ — — — Granted (2) 37,316 7.76 — 120,526 Exercised (4,738 ) 6.27 — 23,274 Forfeited (18,955 ) 6.27 — 91,574 Outstanding December 31, 2021 300,720 6.19 8.40 1,443,067 Options exercisable at December 31, 2021 52,677 $ 5.97 8.30 264,489 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer. Stock Options Shares (1) Weighted Average Grant Nonvested at December 31, 2019 — $ — Granted 287,097 1.98 Vested — — Forfeited — — Nonvested at December 31, 2020 287,097 $ 1.98 Nonvested at December 31, 2020 287,097 $ 1.98 Granted (2) 37,316 2.10 Vested (57,415 ) 1.50 Forfeited (18,955 ) 1.61 Nonvested at December 31, 2021 248,043 $ 1.58 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer. The Company amortizes the expense related to stock options as compensation expense over the vesting period. The Company recognized $95 and $61 in stock option expense during the years ended December 31, 2021 and December 31, 2020, respectively. At December 31, 2021, the Company had $323 in estimated unrecognized compensation costs related to outstanding stock options that is expected to be recognized over a weighted average period of 3.5 years. The following table summarizes information about the Company’s restricted stock activity for the years ended December 31, 2021 and 2020: Restricted Stock Shares (1) Weighted Average Nonvested at December 31, 2019 — $ — Granted 111,802 5.98 Vested — — Forfeited — — Nonvested at December 31, 2020 111,802 $ 5.98 Nonvested at December 31, 2020 111,802 $ 5.98 Granted (2) 15,052 7.76 Vested (3) (22,355 ) 5.98 Forfeited (7,371 ) 6.06 Nonvested at December 31, 2021 97,128 $ 6.25 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 1,313 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer. (3) Includes 6,305 shares 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 recognized $146 and $95 in restricted stock expense during the years ended December 31, 2021 and December 31, 2020, respectively. At December 31, 2021, the Company had $500 of unrecognized compensation expense related to restricted stock shares that is expected to be recognized over a weighted average period of 3.5 years.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
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 The cost of the reorganization and the issuing of the common stock totaling $2.0 million 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. Impact of COVID-19 On March 11, 2020, the World Health Organization declared the outbreak of a novel coronavirus (“COVID-19”) COVID-19 COVID-19 COVID-19 Jumpstart Our Business Startups Act The Jumpstart Our Business Startups Act (the JOBS Act), which was signed into law on April 5, 2012, has made numerous changes to the federal securities laws to facilitate access to capital markets. Under the JOBS Act, a company with total annual gross revenues of less than $1.0 billion during its most recently completed fiscal year qualifies as an “emerging growth company.” The Company qualifies as an “emerging growth company” and believes that it will continue to qualify as an “emerging growth company” until five years from the completion of the stock offering. As an “emerging growth company,” the Company has elected to use the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, the financial statements may not be comparable to the financial statements of companies that comply with such new or revised accounting standards.
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 loan 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 non-sufficient Sale of foreclosed assets Merchant card arrangement fees
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
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 for the period related to marketable equity securities still held as of December 31, 2021 and 2020 was $222 and $568, 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, 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. Declines in fair value of securities that are deemed to be other than temporary, if applicable, are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient enough to allow for any anticipated recovery in fair value.
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 loan 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
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is maintained at the level considered adequate by management to provide for losses that are probable as of the balance sheet date. The allowance for loan losses is established through a provision for loan losses charged to expense as losses are estimated to have occurred. Loan losses are charged against the allowance when management believes that the collectability of the principal is unlikely. Subsequent recoveries, if any, are credited to the allowance. In determining the adequacy of the allowance balance, the Company makes evaluations of the loan portfolio and related off-balance When establishing the allowance for loan losses, management categorizes loans into risk categories generally based on the nature of the collateral and the basis of repayment. These risk categories and their relevant risk characteristics are as follows: Commercial real estate Land development: on-site Commercial Other: Residential real estate: loan-to-value Consumer: 1-4 Management regularly evaluates the allowance for loan losses using the Company’s past loan loss experience, known and inherent risks in the loan portfolio, composition of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, current economic conditions, and other relevant factors. This evaluation is inherently subjective since it requires material estimates that may be susceptible to significant change. A loan is 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. Management determines whether a loan is impaired on a case-by-case In addition, various regulatory agencies periodically review the allowance for loan losses. These agencies may require the Company to make additions to the allowance for loan losses based on their judgments of collectability based on information available to them at the time of their examination.
Troubled Debt Restructurings	Troubled Debt Restructurings Loans are accounted for as troubled debt restructurings when a borrower is experiencing financial difficulties that lead to a restructuring of the loan, and the Company grants a “concession” to the borrower that they would not otherwise consider. These concessions include a modification of terms such as a reduction of the stated interest rate or loan balance, a reduction of accrued interest, an extension of the maturity date at an interest rate lower than a current market rate for a new loan with similar risk, or some combination thereof to facilitate repayment. Troubled debt restructurings are considered impaired loans.
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.
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, 2021 and 2020, respectively. There were approximately $52 and $56 of residential real estate loans in process of foreclosure at December 31, 2021 and 2020, 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 loan 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 In the ordinary course of business, the Company has entered into off-balance-sheet
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) Income Other comprehensive (loss) income is shown on the statements of comprehensive (loss) income. The Company’s accumulated other comprehensive (loss) income 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) income for gains realized on sales of securities available for sale comprise the entire balance of “net gain on sale of securities” on the statements of operations. As part of this reclassification, income tax expense of approximately $3 and $276 was recognized for the years ended December 31, 2021 and 2020, respectively, in “income (benefit) tax expense” on the statements of operations.
Reclassifications	Reclassifications Certain reclassifications have been made to the 2020 consolidated financial statements to conform to the 2021 classifications. Subsequent events Management has reviewed the Company’s operations for potential disclosure or financial statement impacts related to events occurring after December 31, 2021, but prior to the release of these consolidated financial statements. Based on the results of this review, no other subsequent event disclosures or financial statement impacts to these consolidated financial statements are required.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following Accounting Standards Updates (ASU) have been issued by the Financial Accounting Standards Board (FASB) and may impact the Company’s consolidated financial statements in future reporting periods. ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) 2016-13 2019-10, 2016-13 2016-13 ASU 2016-02, Leases (Topic 842) 2016-02 2019-10, 2020-05, ASU 2020-04, Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2020-04

Available for Sale Securities (

Available for Sale Securities (Tables)	12 Months Ended
	Dec. 31, 2021
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: Gross Gross Amortized Unrealized Unrealized December 31, 2021 Cost Gains Losses Fair Value U.S. Treasury notes $ 19,501 $ 8 $ (25 ) $ 19,484 Obligations of states and political subdivisions 20,758 207 (205 ) 20,760 Government-sponsored mortgage-backed securities 64,049 563 (463 ) 64,149 Asset-backed securities 6,479 45 (1 ) 6,523 Certificates of deposit 1,459 65 — 1,524 Total $ 112,246 $ 888 $ (694 ) $ 112,440 Gross Gross Amortized Unrealized Unrealized December 31, 2020 Cost Gains Losses Fair Value Obligations of states and political subdivisions $ 11,570 $ 244 $ (11 ) $ 11,803 Government-sponsored mortgage-backed securities 36,886 1,165 (12 ) 38,039 Asset-backed securities 7,231 57 (7 ) 7,281 Certificates of deposit 1,458 122 — 1,580 Total $ 57,145 $ 1,588 $ (30 ) $ 58,703
Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values	The following table presents the portion of the Company’s portfolio which has gross unrealized losses, reflecting the length of time that individual securities have been in a continuous unrealized loss position: Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2021 Value Loss Value Loss Value Loss U.S. Treasury notes $ 12,971 $ (25 ) $ — $ — $ 12,971 $ (25 ) Obligations of states and political subdivisions 5,414 (82 ) 4,105 (123 ) 9,519 (205 ) Government-sponsored mortgage-backed securities 39,392 (463 ) — — 39,392 (463 ) Asset-backed securities 808 (1 ) — — 808 (1 ) Total $ 58,585 $ (571 ) $ 4,105 $ (123 ) $ 62,690 $ (694 ) Less than 12 months 12 months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2020 Value Loss Value Loss Value Loss Obligations of states and political subdivisions $ 4,235 $ (11 ) $ — $ — $ 4,235 $ (11 ) Government-sponsored mortgage-backed securities 4,984 (12 ) — — 4,984 (12 ) Asset-backed securities — — 638 (7 ) 638 (7 ) Total $ 9,219 $ (23 ) $ 638 $ (7 ) $ 9,857 $ (30 )
Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity	The amortized cost and fair value of available for sale securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities in mortgage-backed securities since the anticipated maturities are not readily determinable. Therefore, these securities are not included in the maturity categories in the following maturity summary listed below: December 31, 2021 Amortized Fair Cost Value Debt and other securities: Due in one year or less $ 1,505 $ 1,512 Due after one through 5 years 13,901 13,982 Due after 5 through 10 years 14,812 14,822 Due after 10 years 11,500 11,452 Total debt and other securities 41,718 41,768 Mortgage-related securities 64,049 64,149 Asset-backed securities 6,479 6,523 Total $ 112,246 $ 112,440
Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses	The following is a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for each of the periods listed below: Years ended December 31, 2021 2020 Proceeds from sales of securities available-for-sale $ 1,018 $ 19,515 Gross realized gains 12 1,023 Gross realized losses — —

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans are as follows: As of December 31, 2021 2020 Commercial: Real estate $ 185,223 $ 189,291 Land development 1,400 1,492 Other 38,160 46,184 Residential real estate: First mortgage 80,661 68,968 Construction 3,388 2,954 Consumer: Home equity and lines of credit 17,032 22,348 Other 128 361 Subtotal 325,992 331,598 Net deferred loan costs 655 178 Allowance for loan losses (2,858 ) (2,703 ) Loans, net $ 323,789 $ 329,073
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: December 31, 2021 Commercial Residential Consumer Total Allowance for loan losses Beginning balance $ 1,609 $ 745 $ 349 $ 2,703 Provision (credit) for loan losses 30 — — 30 Loans charged-off — — (19 ) (19 ) Recoveries 18 — 126 144 Ending balance $ 1,657 $ 745 $ 456 $ 2,858 December 31, 2020 Commercial Residential Consumer Total Allowance for loan losses Beginning balance $ 1,235 $ 573 $ 192 $ 2,000 Provision (credit) for loan losses 360 100 40 500 Loans charged-off — (60 ) (8 ) (68 ) Recoveries 14 132 125 271 Ending balance $ 1,609 $ 745 $ 349 $ 2,703
Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment	Information about how loans were evaluated for impairment and the related allowance for loan losses follows: December 31, 2021 Commercial Residential Consumer Total Loans: Individually evaluated for impairment $ 4,833 $ 1,357 $ 37 $ 6,227 Collectively evaluated for impairment 219,950 82,692 17,123 319,765 Total loans $ 224,783 $ 84,049 $ 17,160 $ 325,992 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,657 745 456 2,858 Total allowance for loan losses $ 1,657 $ 745 $ 456 $ 2,858 December 31, 2020 Commercial Residential Consumer Total Loans: Individually evaluated for impairment $ 10,573 $ 411 $ 21 $ 11,005 Collectively evaluated for impairment 226,394 71,511 22,688 320,593 Total loans $ 236,967 $ 71,922 $ 22,709 $ 331,598 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,609 745 349 2,703 Total allowance for loan losses $ 1,609 $ 745 $ 349 $ 2,703
Summary of Information Regarding Impaired Loans	Information regarding impaired loans follows: Recorded Unpaid Reserve Average Interest December 31, 2021 Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgages — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve — — — — — Impaired loans with no reserve: Commercial: Real estate $ 4,088 $ 4,089 NA $ 5,615 $ 213 Land development — — NA 734 33 Other 745 796 NA 1,478 35 Residential real estate: First mortgages 1,357 1,572 NA 914 34 Construction — — NA — — Consumer: Home equity and lines of credit 37 41 NA 17 22 Other — — NA — — Total impaired loans with no reserve 6,227 6,498 NA 8,758 337 Total impaired loans $ 6,227 $ 6,498 $ — $ 8,758 $ 337 Information regarding impaired loans follows: Recorded Unpaid Reserve Average Interest December 31, 2020 Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgages — — — 36 — Construction — — — — — Consumer: Home equity and lines of credit — — — 4 — Other — — — — — Total impaired loans with reserve — — — 40 — Impaired loans with no reserve: Commercial: Real estate $ 6,277 $ 6,277 NA $ 6,268 $ 332 Land development 1,492 1,492 NA 503 40 Other 2,804 2,804 NA 2,301 138 Residential real estate: First mortgages 411 495 NA 568 261 Construction — — NA — — Consumer: Home equity and lines of credit 21 51 NA 24 3 Other — — NA — — Total impaired loans with no reserve 11,005 11,119 NA 9,664 774 Total impaired loans $ 11,005 $ 11,119 $ — $ 9,704 $ 774
Summary of Internal Risk Ratings of Loans	Information regarding the credit quality indicators most closely monitored for commercial loans by class follows: December 31, 2021 Pass Watch and Substandard Total Commercial: Real estate $ 172,172 $ 8,963 $ 4,088 $ 185,223 Land development 1,400 — — 1,400 Other 37,414 1 745 38,160 Total $ 210,986 $ 8,964 $ 4,833 $ 224,783 December 31, 2020 Pass Watch and Substandard Total Commercial: Real estate $ 163,961 $ 19,272 $ 6,058 $ 189,291 Land development — — 1,492 1,492 Other 37,675 5,705 2,804 46,184 Total $ 201,636 $ 24,977 $ 10,354 $ 236,967
Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans	Information regarding the credit quality indicators most closely monitored for residential real estate and consumer loans by class follows: December 31, 2021 Performing Non-Performing Total Residential real estate: First mortgage $ 79,722 $ 939 $ 80,661 Construction 3,388 — 3,388 Consumer: Home equity and lines of credit 16,954 78 17,032 Other 128 — 128 Total $ 100,192 $ 1,017 $ 101,209 December 31, 2020 Performing Non-Performing Total Residential real estate: First mortgage $ 67,817 $ 1,151 $ 68,968 Construction 2,954 — 2,954 Consumer: Home equity and lines of credit 22,212 136 22,348 Other 361 — 361 Total $ 93,344 $ 1,287 $ 94,631
Schedule of Analysis of Past due Loans	Loan aging and non-accrual December 31, 2021 Current Loans Past 30-89 Loans Past Total Non-accrual Commercial: Real estate $ 185,223 $ — $ — $ 185,223 $ — Land development 1,400 — — 1,400 — Other 38,127 33 — 38,160 — Residential real estate: First mortgage 80,319 342 — 80,661 939 Construction 3,388 — — 3,388 — Consumer: Home equity and lines of credit 17,032 — — 17,032 78 Other 128 — — 128 — Total $ 325,617 $ 375 $ — $ 325,992 $ 1,017 Total non-accrual 0.31 % Total non-accrual 0.19 % December 31, 2020 Current Loans Past 30-89 Loans Past Total Non-accrual Commercial: Real estate $ 189,050 $ 241 $ — $ 189,291 $ — Land development 1,492 — — 1,492 — Other 46,151 33 — 46,184 — Residential real estate: First mortgage 68,147 684 137 68,968 1,151 Construction 2,954 — — 2,954 — Consumer: Home equity and lines of credit 22,204 121 23 22,348 136 Other 361 — — 361 — Total $ 330,359 $ 1,079 $ 160 $ 331,598 $ 1,287 Total non-accrual 0.39 % Total non-accrual 0.25 %
Summary of Information Regarding Non-accrual Loans	Non-performing Years ended December 31, 2021 2020 Nonaccrual loans, other than troubled debt restructurings $ 826 $ 1,068 Nonaccrual loans, troubled debt restructurings 191 219 Total nonperforming loans (NPLs) $ 1,017 $ 1,287 Troubled debt restructurings, accruing $ 418 $ 432

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Land $ 863 $ 863 Buildings 8,060 7,845 Leasehold improvements 1 209 Furniture and equipment 6,111 5,929 Totals 15,035 14,846 Less: Accumulated depreciation 9,171 8,571 Premises and equipment, net $ 5,864 $ 6,275

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	12 Months Ended
	Dec. 31, 2021
Transfers and Servicing [Abstract]
Summary of Activity in Mortgage Servicing Rights	The following is a summary of changes in the balance of mortgage servicing rights for the periods indicated below: As of December 31, 2021 2020 Mortgage servicing rights beginning balance $ 1,806 $ 2,172 Additions 553 770 Amortization (692 ) (767 ) De in 369 (369 ) Mortgage servicing rights ending balance $ 2,036 $ 1,806 Fair value at beginning of period $ 1,806 $ 2,404 Fair value at end of period $ 2,477 $ 1,806
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, 2021. 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, 2021: 2022 $ 419 2023 282 2024 217 2025 181 2026 152 Thereafter 785 Total $ 2,036

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Composition of Deposits	The composition of deposits is as follows: As of December 31, 2021 2020 Non-interest $ 106,664 $ 98,970 Interest bearing checking 37,467 30,630 Money market 94,823 103,724 Statement savings 64,954 58,895 Certificates of deposit (1) 80,593 87,629 Total $ 384,501 $ 379,848 (1) Included in these amounts are brokered deposits of $5.5 million at December 31, 2020. There were no brokered deposits at December 31, 2021.
Interest Expense on Deposits	Interest expense on deposits is summarized as follows: Years ended December 31, 2021 2020 Interest bearing checking $ 36 $ 46 Money market 261 448 Statement savings 35 58 Certificates of deposit 452 1,768 Total $ 784 $ 2,320
Scheduled Maturities of Certificates of Deposit	The scheduled maturities of certificates of deposit are as follows: 2022 $ 77,339 2023 1,351 2024 972 2025 581 2026 350 Total $ 80,593

FHLB Advances and Other Borro_2

FHLB Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Banks [Abstract]
Summary of Federal Home Loan Bank Advances	A summary of Federal Home Loan Bank advances follows: As of December 31, 2021 2020 Rate Amount Rate Amount Fixed rate, COVID-19 N/A $ — 0.00 % $ 4,000 Fixed rate, fixed term advance, maturing July 2021 N/A — 1.41 % 7,000 Fixed rate, fixed term advance, maturing February 2022 1.62 % 6,500 1.62 % 6,500 Fixed rate, fixed term advance, maturing February 2023 1.62 % 6,500 1.62 % 6,500 Putable advance, maturing October 2029 first option date Nov 2020 1.03 % 10,000 1.03 % 10,000 Putable advance, maturing February 2030 first option date Feb 2023 0.98 % 5,000 0.98 % 5,000 Putable advance, maturing March 2030 first option date March 2025 0.89 % 10,000 0.89 % 10,000 Advance structured note, payments due monthly, maturing February 2030 7.47 % 542 7.47 % 584 Advance structured note, payments due monthly, maturing April 2030 1.05 % 8,405 1.05 % 9,365 Advance structured note, payments due monthly, maturing May 2030 1.19 % 8,495 1.19 % 9,449 Total $ 55,442 $ 68,398
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, 2021 Weighted Amount 2022 1.54 % 8,481 2023 1.54 % 8,506 2024 1.28 % 2,032 2025 1.30 % 2,059 2026 1.31 % 2,086 Thereafter 1.05 % 32,278 Total $ 55,442

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Current tax expense (benefit): Federal $ — $ 86 State — — Total current tax expense (benefit) — 86 Deferred tax expense: Federal (49 ) 589 State (15 ) 127 Valuation allowance — 934 Total deferred tax expense (64 ) 1,650 Provision (credit) for income taxes $ (64 ) $ 1,736
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, 2021 2020 Amount % of Amount % of Reconciliation of statutory to effective rates: Federal income taxes at statutory rate $ 5 21.00 % $ 641 21.00 % Adjustments for: Increase in cash value of life insurance (85 ) (357.00 %) (84 ) (2.75 %) Change in valuation allowance — 0.00 % 934 30.60 % Other, net 16 67.20 % 245 8.03 % Total income tax expense (benefit) $ (64 ) (268.80 %) $ 1,736 56.88 %
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, 2021 2020 Deferred tax assets: Allowance for loan losses $ 780 $ 735 Deferred compensation 1,070 859 Accrued employee benefits 102 122 NOL and charitable contribution carryforwards 3,442 3,492 Premises and equipment 40 6 ESOP release of shares 32 17 Other 82 57 Total deferred tax assets $ 5,548 $ 5,288 Deferred tax liabilities: Loan fees $ 179 $ 48 Unrealized gain on available for sale securities 52 420 Mortgage servicing rights 556 491 FHLB stock dividends 26 26 Total deferred tax liabilities $ 813 $ 985 Net deferred tax asset/liability 4,735 4,303 Valuation allowance (934 ) (934 ) Net deferred tax asset $ 3,801 $ 3,369

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Amounts of Off-balance-sheet Credit-related Financial Instruments	The contract amounts of credit-related financial instruments at December 31, 2021 and 2020 are summarized below: December 31, 2021 Fixed Variable Total Commitments to extend credit $ 21,586 $ 56,921 $ 78,507 Standby letters of credit — 175 175 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,214 — 1,214 Commitments to sell loans 5,410 — 5,410 Overdraft protection program commitments 3,993 — 3,993 December 31, 2020 Fixed Variable Total Commitments to extend credit $ 12,084 $ 41,778 $ 53,862 Standby letters of credit 23 2,150 2,173 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,087 — 1,087 Commitments to sell loans 53,847 — 53,847 Overdraft protection program commitments 4,104 — 4,104
Summary of Rent commitments Before Considering Renewal Options	Rent commitments before considering renewal options that generally are present, were as follows at December 31, 2021: 2022 $ 85 2023 87 2024 15 Thereafter — Total $ 187

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Table)	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020. 2021 (1) 2020 Shares committed to be released 22,401 7,021 Total allocated shares 15,239 7,021 Total unallocated shares 377,077 161,486 Total ESOP shares 414,717 175,528 Fair value of unallocated shares (based on $10.99 and $9.96 share price as of December 31, 2021 and December 31, 2020, respectively) $ 4,144 $ 1,608 (1) Share amounts reflected in the table are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
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: Years ended 2021 2020 Beginning balance $ 1,034 $ 1,172 Adjustments due to changes in directors, executive officers, and/or principal stockholders 202 — New loans 53 512 Repayments (357 ) (650 ) Ending balance $ 932 $ 1,034

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 Level 1 Level 2 Level 3 Marketable equity securities $ 3,544 $ 3,544 $ — $ — Securities available-for-sale: U.S. Treasury notes 19,484 — 19,484 — Obligations of states and political subdivisions 20,760 — 20,760 — Government-sponsored mortgage-backed securities 64,149 — 64,149 — Asset-backed securities 6,523 — 6,523 — Certificates of deposit 1,524 — 1,524 — Total $ 115,984 $ 3,544 $ 112,440 $ — Recurring Fair Value Measurements Using December 31, 2020 Level 1 Level 2 Level 3 Marketable equity securities $ 2,992 $ 2,992 $ — $ — Securities available-for-sale: U.S. Treasury notes — — — — Obligations of states and political subdivisions 11,803 — 11,803 — Government-sponsored mortgage-backed securities 38,039 — 38,039 — Asset-backed securities 7,281 — 7,281 — Certificates of deposit 1,580 — 1,580 — Total $ 61,695 $ 2,992 $ 58,703 $ —
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: Fair Value at Significant Unobservable Input Value December 31, 2021 Valuation Significant Minimum Value Maximum Value Rate lock commitments 30 Pricing model Pull through rate 75.0 % 100.0 % Mortgage servicing rights 2,477 Pricing models Prepayment rate 11.3 % 37.0 % Discount rate 10.0 % 13.5 % Cost to service $ 83.00 $ 85.00
Summary of Carrying Values and Estimated Fair Values of Financial Instruments	The carrying value and estimated fair value of financial instruments follow: December 31, 2021 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 66,803 $ 66,803 $ — $ — Available for sale securities 112,440 — 112,440 — Marketable equity securities 3,544 3,544 — — Loans held for sale 1,183 — 1,183 — Loans 323,789 — — 323,182 Rate lock commitments 30 — — 30 Accrued interest receivable 948 948 — — Federal Home Loan Bank Stock 3,032 — — 3,032 Cash value of life insurance 13,892 — — 13,892 Financial liabilities: Deposits 384,501 303,908 — 80,473 Advance payments by borrowers for taxes and insurance 1,860 1,860 — — Federal Home Loan Bank advances 55,442 — — 55,981 Accrued interest payable 109 109 — — December 31, 2020 Carrying Value Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 92,526 $ 92,526 $ — $ — Available for sale securities 58,703 — 58,703 — Marketable equity securities 2,992 2,992 — — Loans held for sale 2,484 — 2,484 — Loans 329,073 — — 332,882 Rate lock commitments 354 — — 354 Accrued interest receivable 912 912 — — Federal Home Loan Bank Stock 3,032 — — 3,032 Cash value of life insurance 13,485 — — 13,485 Financial liabilities: Deposits 379,848 292,219 — 87,884 Advance payments by borrowers for taxes and insurance 2,737 2,737 — — Federal Home Loan Bank advances 68,398 — — 70,561 Accrued interest payable 183 183 — —

Equity and Regulatory Matters (

Equity and Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2021
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: Actual For Capital Adequacy To Be Well Capitalized Under (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2021 PyraMax Bank Leverage (Tier 1) $ 65,179 11.9 % $ 21,838 4.0 % $ 27,298 5.0 % Risk-based: Common Equity Tier 1 65,179 19.4 % 15,124 4.5 % 21,846 6.5 % Tier 1 65,179 19.4 % 20,166 6.0 % 26,888 8.0 % Total 68,037 20.2 % 26,888 8.0 % 33,610 10.0 % December 31, 2020 PyraMax Bank Leverage (Tier 1) $ 49,534 9.8 % $ 20,195 4.0 % $ 25,243 5.0 % Risk-based: Common Equity Tier 1 49,534 15.1 % 14,725 4.5 % 21,269 6.5 % Tier 1 49,534 15.1 % 19,633 6.0 % 26,177 8.0 % Total 52,237 16.0 % 26,177 8.0 % 32,722 10.0 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per common share for the years ended December 31, 2021 and 2020 is presented in the following table. Years ended December 31, 2021 (1) 2020 (2) 2020 (1) (Unaudited) (dollars in thousands, except per share amounts) Net income $ 85 $ 1,317 $ 1,317 Weighted shares outstanding for basic EPS Weighted average shares outstanding 6,248,678 4,807,158 6,327,662 Less: Weighted average unallocated ESOP shares 261,514 164,987 217,172 Weighted average shares outstanding for basic EPS 5,987,164 4,642,171 6,110,490 Additional dilutive shares 203,245 43,037 56,649 Weighted average shares outstanding for dilutive EPS 6,190,409 4,685,208 6,167,139 Basic income per share $ 0.01 $ 0.28 $ 0.22 Diluted income per share $ 0.01 $ 0.28 $ 0.21 (1) Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). (2) Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 and December 31, 2020: 2021 2020 Dividend yield 0.00 % 0.00 % Risk-free interest rate 0.96 % 0.45 % Expected volatility 24.64 % 24.00 % Weighted average expected life 6.5 6.5 Weighted average per share value of options $ 2.10 $ 1.98
Summary of Stock Option Activity	A summary of the Company’s stock option activity for the years ended December 31, 2021 and 2020 is presented below. Stock Options Shares (1) Weighted Weighted Aggregate Outstanding and exercisable December 31, 2019 — $ — — — Granted 287,097 5.99 — 1,138,663 Exercised — — — — Forfeited — — — — Outstanding December 31, 2020 287,097 5.99 9.30 1,138,663 Options exercisable at December 31, 2020 — $ — — — Granted (2) 37,316 7.76 — 120,526 Exercised (4,738 ) 6.27 — 23,274 Forfeited (18,955 ) 6.27 — 91,574 Outstanding December 31, 2021 300,720 6.19 8.40 1,443,067 Options exercisable at December 31, 2021 52,677 $ 5.97 8.30 264,489 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.
Summary of Nonvested Stock option Activity	Stock Options Shares (1) Weighted Average Grant Nonvested at December 31, 2019 — $ — Granted 287,097 1.98 Vested — — Forfeited — — Nonvested at December 31, 2020 287,097 $ 1.98 Nonvested at December 31, 2020 287,097 $ 1.98 Granted (2) 37,316 2.10 Vested (57,415 ) 1.50 Forfeited (18,955 ) 1.61 Nonvested at December 31, 2021 248,043 $ 1.58 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating 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, 2021 and 2020: Restricted Stock Shares (1) Weighted Average Nonvested at December 31, 2019 — $ — Granted 111,802 5.98 Vested — — Forfeited — — Nonvested at December 31, 2020 111,802 $ 5.98 Nonvested at December 31, 2020 111,802 $ 5.98 Granted (2) 15,052 7.76 Vested (3) (22,355 ) 5.98 Forfeited (7,371 ) 6.06 Nonvested at December 31, 2021 97,128 $ 6.25 (1) Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering. (2) Includes 1,313 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer. (3) Includes 6,305 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreclosed assets	$ 0	$ 0
Reorganization Cost And Issuing Of Common Stock Deferred	2,000
Other comprehensive income (loss) tax	3,000	276,000
Unrealized Gain (Loss) Marketable Securities	222,000	568,000
Increase in assets and liabilities	$ 507,000
Common Stock Held By Public	100.00%
Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Annual gross revenue benchmark to qualify as emerging growth company	$ 1,000,000,000
Period for company qualifies as emerging growth company from completion of stock offering	5 years
Residential Real Estate [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loans in process of foreclosure	$ 52	$ 56

Cash and Due from Banks - Addit

Cash and Due from Banks - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Mar. 12, 2021	Dec. 31, 2020
Certificates of deposit federally insured	$ 250		$ 250
Federal Reserve Bank Advances [Member]
Cash Reserve Requirement Percentage		0.00%

Nature of Operations and Basis

Nature of Operations and Basis of Presentation - Additional Information (Detail) - Federal funds rate [Member]	Mar. 03, 2020	Mar. 16, 2020
Increase decrease in interest rate	50.00%
Maximum [Member]
Debt instrument interest rate		0.25%
Minimum [Member]
Debt instrument interest rate	1.00%	0.00%

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, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 112,246	$ 57,145
Securities Available for Sale, Gross Unrealized Gains	888	1,588
Securities Available for Sale, Gross Unrealized Losses	(694)	(30)
Securities Available for Sale, Fair Value	112,440	58,703
US Treasury Securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	19,501
Securities Available for Sale, Gross Unrealized Gains	8
Securities Available for Sale, Gross Unrealized Losses	(25)
Securities Available for Sale, Fair Value	19,484
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	20,758	11,570
Securities Available for Sale, Gross Unrealized Gains	207	244
Securities Available for Sale, Gross Unrealized Losses	(205)	(11)
Securities Available for Sale, Fair Value	20,760	11,803
Government-sponsored Mortgage-backed Securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	64,049	36,886
Securities Available for Sale, Gross Unrealized Gains	563	1,165
Securities Available for Sale, Gross Unrealized Losses	(463)	(12)
Securities Available for Sale, Fair Value	64,149	38,039
Asset-backed securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	6,479	7,231
Securities Available for Sale, Gross Unrealized Gains	45	57
Securities Available for Sale, Gross Unrealized Losses	(1)	(7)
Securities Available for Sale, Fair Value	6,523	7,281
Certificates of deposit [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	1,459	1,458
Securities Available for Sale, Gross Unrealized Gains	65	122
Securities Available for Sale, Fair Value	$ 1,524	$ 1,580

Available for Sale Securities_2

Available for Sale Securities - Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Debt Securities, Available-for-sale [Line Items]
Due in one year or less	$ 1,512
Due after one through 5 years	13,982
Due after 5 through 10 years	14,822
Due after 10 years	11,452
Subtotal	41,768
Total	112,440
Due in one year or less	1,505
Due after one through 5 years	13,901
Due after 5 through 10 years	14,812
Due after 10 years	11,500
Subtotal	41,718
Total	112,246
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Subtotal	64,149
Subtotal	64,049
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Subtotal	6,523
Subtotal	$ 6,479

Available for Sale Securities_3

Available for Sale Securities - Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 58,585	$ 9,219
Unrealized Loss	(571)	(23)
Fair Value	4,105	638
Unrealized Loss	(123)	(7)
Fair Value	62,690	9,857
Unrealized Loss	(694)	(30)
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	12,971
Unrealized Loss	(25)
Fair Value	12,971
Unrealized Loss	(25)
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	5,414	4,235
Unrealized Loss	(82)	(11)
Fair Value	4,105	0
Unrealized Loss	(123)	0
Fair Value	9,519	4,235
Unrealized Loss	(205)	(11)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	39,392	4,984
Unrealized Loss	(463)	(12)
Fair Value		0
Unrealized Loss		0
Fair Value	39,392	4,984
Unrealized Loss	(463)	(12)
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	808	0
Unrealized Loss	(1)	0
Fair Value		638
Unrealized Loss		(7)
Fair Value	808	638
Unrealized Loss	$ (1)	$ (7)

Available for Sale Securities_4

Available for Sale Securities - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)DebtInstrument	Dec. 31, 2020USD ($)DebtInstrument
Investments, Debt and Equity Securities [Abstract]
Number of debt securities with unrealized losses | DebtInstrument	24	5
Percentage of depreciation from amortized cost bases	1.10%	0.30%
Collateral to secure customer deposit accounts | $	$ 1.8	$ 2

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, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of securities available-for-sale	$ 1,018	$ 19,515
Gross realized gains	$ 12	$ 1,023

Loans - Summary of Major Classi

Loans - Summary of Major Classifications of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 325,992	$ 331,598
Net deferred loan costs	655	178
Allowance for loan losses	(2,858)	(2,703)	$ (2,000)
Loans, net	323,789	329,073
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	185,223	189,291
Commercial [Member] | Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	1,400	1,492
Commercial [Member] | Other Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	38,160	46,184
Residential Real Estate [Member] | First Mortgage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	80,661	68,968
Residential Real Estate [Member] | Construction Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	3,388	2,954
Consumer [Member] | Other Consumer Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	128	361
Consumer [Member] | Home Equity Lines Of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 17,032	$ 22,348

Loans - Additional Information

Loans - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)Second	Dec. 31, 2020USD ($)	Dec. 27, 2020USD ($)	Aug. 08, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans 90 days or more past due and accruing interest	$ 0	$ 0
Additional Loans Receivable	325,992,000	331,598,000
Additional committed impared loans	0	0
Loans modified as troubled debt restructurings	0	0
Overdrawn deposit account reclassified as loan	106,000	141,000
Loans and leases receivable, net amount	323,789,000	329,073,000
PPP loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable			$ 284,000,000,000
Loans and leases receivable, net amount	$ 10,500,000
Financing Receivable, Interest Rate				1.00%
Financing Receivable, Number Of Contracts | Second	143
Forgiven Loans in process			$ 150,000,000
Percentage Of Loss In Gross Receipts			25.00%
Maximum Loan Borrowed			$ 2,000,000
Loans Forgiven Amount	$ 5,100,000
PPP loans [Member] | Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases receivable, net amount	$ 30,300,000
Percentage Of Loan Guarantee By Small Business Administration	100.00%
Financing Receivable, Number Of Contracts	246
Covid Nineteen [Member] | Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing recievable threshold past due					30 days
Loans and leases receivable, net amount	$ 11,200,000
Financing receivable deferral amount	383
Doubtful [Member]
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable	0	0
Troubled debt restructurings within past twelve months for which there was a default	0	0
Other Financial Institutions [Member]
Loans and Leases Receivable Disclosure [Line Items]
Participation loans transferred	$ 32,100,000	$ 29,600,000

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, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	$ 2,703	$ 2,000
Provision (credit) for loan losses	30	500
Loans charged-off	(19)	(68)
Recoveries of loans previously charged off	144	271
Ending balance	2,858	2,703
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	1,609	1,235
Provision (credit) for loan losses	30	360
Loans charged-off	0
Recoveries of loans previously charged off	18	14
Ending balance	1,657	1,609
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	745	573
Provision (credit) for loan losses	0	100
Loans charged-off	0	(60)
Recoveries of loans previously charged off	0	132
Ending balance	745	745
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	349	192
Provision (credit) for loan losses	0	40
Loans charged-off	(19)	(8)
Recoveries of loans previously charged off	126	125
Ending balance	$ 456	$ 349

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	$ 6,227	$ 11,005
Collectively evaluated for impairment	319,765	320,593
Total loans	325,992	331,598
Collectively evaluated for impairment	2,858	2,703
Total allowance for loan losses	2,858	2,703	$ 2,000
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	4,833	10,573
Collectively evaluated for impairment	219,950	226,394
Total loans	224,783	236,967
Collectively evaluated for impairment	1,657	1,609
Total allowance for loan losses	1,657	1,609	1,235
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	1,357	411
Collectively evaluated for impairment	82,692	71,511
Total loans	84,049	71,922
Collectively evaluated for impairment	745	745
Total allowance for loan losses	745	745	573
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	37	21
Collectively evaluated for impairment	17,123	22,688
Total loans	17,160	22,709
Collectively evaluated for impairment	456	349
Total allowance for loan losses	$ 456	$ 349	$ 192

Loans - Summary of Internal Ris

Loans - Summary of Internal Risk Ratings of Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 325,992	$ 331,598
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	185,223	189,291
Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,400	1,492
Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	38,160	46,184
Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	224,783	236,967
Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	185,223	189,291
Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,400	1,492
Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	38,160	46,184
Pass [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	210,986	201,636
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	172,172	163,961
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,400
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	37,414	37,675
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	8,964	24,977
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	8,963	19,272
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	1	5,705
Substandard [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	4,833	10,354
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	4,088	6,058
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount		1,492
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 745	$ 2,804

Loans - Summary of Information

Loans - Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 325,992	$ 331,598
Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	101,209	94,631
Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	80,661	68,968
Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,388	2,954
Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	17,032	22,348
Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	128	361
Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	100,192	93,344
Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	79,722	67,817
Performing [Member] | Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,388	2,954
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	16,954	22,212
Performing [Member] | Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	128	361
Non Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,017	1,287
Non Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	939	1,151
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	$ 78	$ 136

Loans - Summary of Informatio_2

Loans - Summary of Information Regarding Impaired Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Recorded Investment		$ 40
Recorded Investment	$ 6,227	11,005
Reserve	0	369
Average Investment	8,758	9,704
Interest Recognized	337	774
Recorded Investment	6,227	11,005
Principal Balance	6,498	11,119
Average Investment	8,758	9,664
Interest Recognized	337	774
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	4,088	6,277
Principal Balance	4,089	6,277
Average Investment	5,615	6,268
Interest Recognized	213	332
Commercial Land Development [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment		1,492
Principal Balance		1,492
Average Investment	734	503
Interest Recognized	33	40
Commercial Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	745	2,804
Principal Balance	796	2,804
Average Investment	1,478	2,301
Interest Recognized	35	138
Residential real estate and consumer First mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment		36
Recorded Investment	1,357	411
Principal Balance	1,572	495
Average Investment	914	568
Interest Recognized	34	261
Residential real estate and consumer Home equity and lines of credit
Financing Receivable, Impaired [Line Items]
Recorded Investment		4
Recorded Investment	37	21
Principal Balance	41	51
Average Investment	17	24
Interest Recognized	$ 22	$ 3

Loans - Summary of Nonperformin

Loans - Summary of Nonperforming Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, other than troubled debt restructurings	$ 826	$ 1,068
Total nonperforming loans (NPLs)	1,017	1,287
Non Accruing Loan [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	191	219
Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 418	$ 432

Loans - Schedule of Analysis of

Loans - Schedule of Analysis of Past due Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 325,617	$ 330,359
Total Loans	325,992	331,598
Nonaccrual Loans	$ 1,017	$ 1,287
Total non-accrual loans to total loans	0.31%	0.39%
Total non-accrual loans to total assets	0.19%	0.25%
Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 185,223	$ 189,050
Total Loans	185,223	189,291
Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	1,400	1,492
Total Loans	1,400	1,492
Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	38,127	46,151
Total Loans	38,160	46,184
Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	80,319	68,147
Total Loans	80,661	68,968
Nonaccrual Loans	939	1,151
Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	3,388	2,954
Total Loans	3,388	2,954
Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	17,032	22,204
Total Loans	17,032	22,348
Nonaccrual Loans	78	136
Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	128	361
Total Loans	128	361
Loans Past Due 30-89 Days [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	375	1,079
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	0	241
Loans Past Due 30-89 Days [Member] | Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	33	33
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	342	684
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	121
Loans Past Due 90+ Days [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	0	160
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	0	137
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	$ 23

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 15,035	$ 14,846
Less: Accumulated depreciation	9,171	8,571
Premises and equipment, net	5,864	6,275
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	8,060	7,845
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1	209
Furniture and Equipment [Member]
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 6,111	$ 5,929

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Depreciation of Premises and Equipment	$ 654	$ 661

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Unpaid principal balance of mortgage loans serviced for others	$ 332,900	$ 345,100
Mortgage servicing rights , valuation allowance	$ 0	$ 369
Minimum [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Discount rates used in valuation model	10.00%	10.00%
Prepayment speeds used in valuation model	11.30%	18.00%
Maximum [Member]
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Discount rates used in valuation model	13.50%	13.50%
Prepayment speeds used in valuation model	37.00%	46.00%

Mortgage Servicing Rights - Sum

Mortgage Servicing Rights - Summary of Activity in Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Mortgage servicing rights beginning balance	$ 1,806	$ 2,172
Additions	553	770
Amortization	(692)	(767)
Decrease (increase) in valuation allowance	369	(369)
Mortgage servicing rights ending balance	2,036	1,806
Fair value at beginning of period	1,806	2,404
Fair value at end of period	$ 2,477	$ 1,806

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 419
2023	282
2024	217
2025	181
2026	152
Thereafter	785
Total	$ 2,036

Deposits - Composition of Depos

Deposits - Composition of Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Non-interest bearing checking	$ 106,664	$ 98,970
Interest bearing checking	37,467	30,630
Money market	94,823	103,724
Statement savings	64,954	58,895
Certificates of deposit	80,593	87,629
Total	$ 384,501	$ 379,848

Deposits - Composition of Dep_2

Deposits - Composition of Deposits (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Brokered deposits	$ 0	$ 5,500

Deposits - Interest Expense On

Deposits - Interest Expense On Deposits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Interest bearing checking	$ 36	$ 46
Money market	261	448
Statement savings	35	58
Certificates of deposit	452	1,768
Total	$ 784	$ 2,320

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Time Deposits, Fiscal Year Maturity [Abstract]
2022	$ 77,339
2023	1,351
2024	972
2025	581
2026	350
Total	$ 80,593

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Certificates of deposit with balances of $250 or more	$ 10,000	$ 8,700
Certificates of deposit federally insured	$ 250	$ 250

FHLB Advances and Other Borro_3

FHLB Advances and Other Borrowings - Summary of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Federal Home Loan Bank, Advances [Line Items]
FHLB Advances, total	$ 55,442	$ 68,398
Fixed rate, COVID-19 Relief Advance, maturing May 2021 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		0.00%
FHLB Advances, total	0	$ 4,000
Fixed rate, fixed term advance, maturing July 2021 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		1.41%
FHLB Advances, total	$ 0	$ 7,000
Fixed rate, fixed term advance, maturing February 2022 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.62%	1.62%
FHLB Advances, total	$ 6,500	$ 6,500
Fixed rate, fixed term advance, maturing February 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.62%	1.62%
FHLB Advances, total	$ 6,500	$ 6,500
Putable advance, maturing October 2029 first option date Nov 2020 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.03%	1.03%
FHLB Advances, total	$ 10,000	$ 10,000
Putable advance, maturing February 2030 first option date Feb 2023 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	0.98%	0.98%
FHLB Advances, total	$ 5,000	$ 5,000
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
Advance structured note, payments due monthly, maturing February 2030 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	7.47%	7.47%
FHLB Advances, total	$ 542	$ 584
Advance 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	$ 8,405	$ 9,365
Advance 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	$ 8,495	$ 9,449

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, 2021	Dec. 31, 2020
Federal Home Loan Bank, Advances, Maturity, Rolling Year, Par Value [Abstract]
2022	1.54%
2023	1.54%
2024	1.28%
2025	1.30%
2026	1.31%
Thereafter	1.05%
2022	$ 8,481
2023	8,506
2024	2,032
2025	2,059
2026	2,086
Thereafter	32,278
Total	$ 55,442	$ 68,398

FHLB Advances and Other Borro_5

FHLB Advances and Other Borrowings - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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	$ 147,500,000	$ 149,100,000
Federal Home Loan Bank stock held	3,032,000	3,032,000
Available and unused funds under borrowing agreement	90,900,000	$ 79,600,000
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	15,000,000
Federal Fund Rate [Member] | BMO Harris Bank [Member]
Federal Home Loan Bank, Advances [Line Items]
Qualifying loans pledged as collateral	13,700,000
Line Of Credit At Federal Reserve	8,100,000
Available Borrowing Capacity	$ 0

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Matching contributions	$ 447	$ 414

Income Taxes - Provision For In

Income Taxes - Provision For Income taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Current tax expense (benefit):
Federal		$ 86
Total current tax expense (benefit)		86
Deferred tax expense:
Federal	$ (49)	589
State	(15)	127
Valuation allowance		934
Total deferred tax expense	(64)	1,650
Total income tax expense (benefit), Amount	$ (64)	$ 1,736

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Asset and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for loan losses	$ 780	$ 735
Deferred compensation	1,070	859
Accrued employee benefits	102	122
NOL and charitable contribution carryforwards	3,442	3,492
Premises and equipment	40	6
ESOP release of shares	32	17
Other	82	57
Total deferred tax assets	5,548	5,288
Deferred tax liabilities:
Loan fees	179	48
Unrealized gain on available for sale securities	52	420
Mortgage servicing rights	556	491
FHLB stock dividends	26	26
Total deferred tax liabilities	813	985
Net deferred tax asset/liability	4,735	4,303
Valuation allowance	(934)	(934)
Net deferred tax assets	$ 3,801	$ 3,369

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, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Federal income taxes at statutory rate, Amount	$ 5	$ 641
Increase in cash value of life insurance, Amount	(85)	(84)
Change in valuation allowance, Amount		934
Other net, Amount	16	245
Total income tax expense (benefit), Amount	$ (64)	$ 1,736
Reconciliation of statutory to effective rates: Percentage
Federal income taxes at statutory rate, Percentage	21.00%	21.00%
Increase in cash value of life insurance, Percentage	(357.00%)	(2.75%)
Change in valuation allowance, Percentage	0.00%	30.60%
Other net, Percentage	67.20%	8.03%
Total income tax expense (benefit), Percentage	(268.80%)	56.88%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Valuation allowance	$ 934	$ 934
Income tax expense (benefit)	(64)	1,736
Deferred tax asset net of valuation allowance	3,801	$ 3,369
Charitable contribution carryforward [Member]
Federal Loss Carryforwards	$ 419,000
Expiration Period	2024 years
Retained Earnings	$ 416,000
Domestic Tax Authority [Member]
Federal Loss Carryforwards	$ 9,700
Expiration Period	2030 years
Operating Loss Carryforwards, Not Subject to Expiration			$ 1,800
Operating Loss Carryforwards, Subject to Expiration			$ 7,900
State and Local Jurisdiction [Member]
Federal Loss Carryforwards	$ 19,900
Expiration Period	2024 years

Commitments and Contingencies -

Commitments and Contingencies - Summary of Contractual Amounts of Off-balance Sheet Credit Related Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 78,507	$ 53,862
Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	1,214	1,087
Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	5,410	53,847
Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,993	4,104
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	175	2,173
Fixed Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	21,586	12,084
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	1,214	1,087
Fixed Rate [Member] | Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	5,410	53,847
Fixed Rate [Member] | Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,993	4,104
Fixed Rate [Member] | Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate		23
Variable Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	56,921	41,778
Variable Rate [Member] | Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 175	$ 2,150

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Rent commitments Before Considering Renewal Options (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Lessee Disclosure [Abstract]
2022	$ 85
2023	87
2024	15
Thereafter	0
Total	$ 187

Commitments and Contingencies_3

Commitments and Contingencies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Opearating Lease, Rent Expenses	$ 83,000	$ 93,000
Mortgage Partnership Finance Program [Member]
Loss Contingencies [Line Items]
Commitments	2,200,000
Other commitments	$ 0	$ 0

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Employee Stock Ownership Plan (ESOP) Disclosures (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Shares committed to be released	22,401,000	7,021,000
Total allocated shares	15,239	7,021
Total unallocated shares	377,077	161,486
Total ESOP shares	414,717	175,528
Fair value of unallocated shares (based on $10.99 and $9.96 share price as of December 31, 2021 and December 31, 2020, respectively)	$ 4,144	$ 1,608

Employee Stock Ownership Plan_2

Employee Stock Ownership Plan - Employee Stock Ownership Plan (ESOP) Disclosures (Parenthetical) (Detail)	Dec. 31, 2021	Jul. 14, 2021
Share-based Payment Arrangement [Abstract]
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163	1.3163

Employee Stock Ownership Plan_3

Employee Stock Ownership Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 14, 2021	Jan. 08, 2019	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESOP Purchased		175,528,000	186,914,000
Compensation Expense			$ 246	$ 67
Fair Value of Unallocated Shares Of ESOP Share Price			$ 10.99	$ 9.96
Number of shares to be contributed to the employee stock owership plan	283,360
Employee stock ownership plan weighted average price of shares purchased			$ 10.87
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested Percentage			20.00%
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			40.00%
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			60.00%
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			80.00%
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			100.00%
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, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Beginning balance	$ 1,034	$ 1,172
Adjustments due to changes in directors, executive officers, and/or principal stockholders	202	0
New loans	53	512
Repayments	(357)	(650)
Ending balance	$ 932	$ 1,034

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Fees paid to law firms	$ 31	$ 30
Directors, Executive Officers and Affiliates [Member]
Related Party Transaction [Line Items]
Deposits from directors, executive officers and affiliates	$ 1,100	$ 940,000

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 112,440
Marketable equity securities	3,544	$ 2,992
Total	115,984	61,695
U.S. Treasury notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	19,484
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	20,760	11,803
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	64,149	38,039
Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6,523	7,281
Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	1,524	1,580
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	64,149
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	3,544	2,992
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	112,440	58,703
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	19,484
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	20,760	11,803
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale		38,039
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	6,523	7,281
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	1,524	1,580
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	3,544	2,992
Total	$ 3,544	$ 2,992

Fair Value - Schedule of Quanti

Fair Value - Schedule of Quantitative Information about Nonrecurring Level 3 Fair Value Measurements (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)d
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Rate lock commitments | $	$ 30,000
Mortgage servicing rights | $	2,477,000
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 | $	$ 85,000
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	11.3
Measurement Input, Prepayment Rate [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	37
Measurement Input, Discount Rate [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	10
Measurement Input, Discount Rate [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rates	13.5

Fair Value - Summary of Carryin

Fair Value - Summary of Carrying Values and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Available for sale securities	$ 112,440	$ 58,703
Loans	323,789	329,073
Accrued interest receivable	948	912
Cash value of life insurance	13,892	13,485
FHLB stock	3,032	3,032
Marketable securities	3,544	2,992
Financial liabilities:
Deposits	384,501	379,848
Advance payments by borrowers for taxes and insurance	1,860	2,737
FHLB advances	55,442	68,398
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	66,803	92,526
Accrued interest receivable	948	912
Marketable securities	3,544	2,992
Financial liabilities:
Deposits	303,908	292,219
Advance payments by borrowers for taxes and insurance	1,860	2,737
Accrued interest payable	109	183
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available for sale securities	112,440	58,703
Loans held for sale	1,183	2,484
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans	323,182	332,882
Rate lock commitments	30	354
Cash value of life insurance	13,892	13,485
FHLB stock	3,032	3,032
Financial liabilities:
Deposits	80,473	87,884
FHLB advances	55,981	70,561
Reported Value Measurement [Member]
Financial assets:
Cash and cash equivalents	66,803	92,526
Available for sale securities	112,440	58,703
Loans held for sale	1,183	2,484
Loans	323,789	329,073
Rate lock commitments	30	354
Accrued interest receivable	948	912
Cash value of life insurance	13,892	13,485
FHLB stock	3,032	3,032
Marketable securities	3,544	2,992
Financial liabilities:
Deposits	384,501	379,848
Advance payments by borrowers for taxes and insurance	1,860	2,737
FHLB advances	55,442	68,398
Accrued interest payable	$ 109	$ 183

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Valuation allowance against impaired loans	$ 0	$ 369
Servicing assets at amortised cost	2,036	1,806	$ 2,172
Servicing assets at fair value	2,477	1,806	$ 2,404
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, 2021USD ($)	Dec. 31, 2020USD ($)
Text Block [Abstract]
Leverage tier 1 capital actual amount	$ 65,179	$ 49,534
Common Equity Tier 1 risk based capital actual amount	65,179	49,534
Tier 1 risk based capital actual amount	65,179	49,534
Total risk based capital actual amount	$ 68,037	$ 52,237
Leverage tier 1 capital actual ratio	0.119	0.098
Common Equity Tier 1 risk based capital actual ratio	0.194	0.151
Tier 1 risk based capital actual ratio	0.194	0.151
Total risk based capital actual ratio	0.202	0.160
Leverage tier 1 capital for capital adequacy purposes amount	$ 21,838	$ 20,195
Common Equity Tier 1 risk based capital for capital adequacy purposes amount	15,124	14,725
Tier 1 risk based capital for capital adequacy purposes amount	20,166	19,633
Total risk based capital for capital adequacy purposes amount	$ 26,888	$ 26,177
Leverage tier 1 capital for capital adequacy purposes ratio	4.00%	4.00%
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	0.060	0.060
Total risk based capital for capital adequacy purposes ratio	0.080	0.080
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions amount	$ 27,298	$ 25,243
Common Equity Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	21,846	21,269
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	26,888	26,177
Total risk based capital to be well capitalized under prompt corrective action provisions amount	$ 33,610	$ 32,722
Leverage tier 1 capital to be well capitalized under prompt corrective action provisions ratio	5.00%	5.00%
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	0.080	0.080
Total risk based capital to be well capitalized under prompt corrective action provisions ratio	0.100	0.100

Deferred Compensation - Additio

Deferred Compensation - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred Compensation Obligations	$ 3,900	$ 3,200
Liability outstanding	231	299
Benefits paid	36	56
Charges to operations	16	20
Deferred Compensation Plan [Member]
Charges to operations	$ 15	$ 11

Earnings Per Share - Earnings P

Earnings Per Share - Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2021	[1]	Dec. 31, 2020
Net income		$ 85		$ 1,317	[2]
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		6,248,678,000		4,807,158,000	[2]
Less: Weighted average unallocated ESOP shares		261,514,000		164,987,000	[2]
Weighted average shares outstanding for basic EPS	[3]	5,987,164		4,642,171	[2]
Additional dilutive shares		203,245,000		43,037	[2]
Weighted average shares outstanding for dilutive EPS		6,190,409		4,685,208	[2]
Basic income per share		$ 0.01		$ 0.28	[2]
Diluted income per share	[3]	$ 0.01		$ 0.28	[2]
Restated [Member]
Net income	[1]			$ 1,317
Weighted shares outstanding for basic EPS
Weighted average shares outstanding	[1]			6,327,662
Less: Weighted average unallocated ESOP shares	[1]			217,172
Weighted average shares outstanding for basic EPS	[1]			6,110,490
Additional dilutive shares	[1]			56,649
Weighted average shares outstanding for dilutive EPS	[1]			6,167,139
Basic income per share	[1]			$ 0.22
Diluted income per share	[1]			$ 0.21
[1]	Amounts related to periods prior to the date of Conversion (July 2021) have been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[2]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1).
[3]	Amounts related to periods prior to the date of Conversion (July 2021) have not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). Refer to Note 18 Earnings Per Share for retroactive recognition given to the exchange ratio applied in the Conversion for the year ended December 31, 2020.

Earnings Per Share - Earnings_2

Earnings Per Share - Earnings Per Common Share (Parenthetical) (Detail)	Dec. 31, 2021	Jul. 14, 2021
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163	1.3163

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, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Dividend yield	0.00%	0.00%
Risk-free interest rate	0.96%	0.45%
Expected volatility	24.64%	24.00%
Weighted average expected life	6 years 6 months	6 years 6 months
Weighted average per share value of options	$ 2.10	$ 1.98

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, 2021		Dec. 31, 2020
Schedule of share based compensation stock options activity [Line Items]
Stock options - Beginning	[1]	287,097
Stock options - Shares granted	[1]	37,316	[2]	287,097
Stock options - Shares exercised	[1]	(4,738)
Stock options - Shares forfeited	[1]	(18,955)
Stock options - Ending	[1]	300,720		287,097
Stock options - Options exercisable	[1]	52,677
Weighted Average Exercise Price - Beginning		$ 5.99
Weighted Average Exercise Price - Granted		7.76	[2]	5.99
Weighted Average Exercise Price - Exercised		6.27
Weighted Average Exercise Price - Forfeited		6.27
Weighted Average Exercise Price - Ending		6.19		5.99
Weighted Average Exercise Price - Options exercisable		$ 5.97
Weighted Average Remaining Contractual Term (Years)		8 years 4 months 24 days		9 years 3 months 18 days
Weighted Average Remaining Contractual Term (Years) - Options exercisable		8 years 3 months 18 days
Aggregate Intrinsic Value - Granted		$ 120,526	[2]	$ 1,138,663
Aggregate Intrinsic Value - Exercised		$ 23,274
Aggregate Intrinsic Value, Forfeited		91,574
Aggregate Intrinsic Value - Ending		1,443,067		$ 1,138,663
Aggregate Intrinsic Value - Options exercisable		$ 264,489
[1]	Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.
[2]	Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Stock Option Activity (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021shares	Jul. 14, 2021
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163	1.3163
President and Chief Operating Officer [Member]
Shares granted as a nonqualified stock option inducement award	10,527

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of Nonvested Stock option Activity (Detail) - $ / shares		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Nonvested	[1]	287,097		0
Granted	[1]	37,316	[2]	287,097
Vested	[1]	(57,415)		0
Forfeited	[1]	(18,955)		0
Nonvested	[1]	248,043		287,097
Nonvested		$ 1.98		$ 0
Granted		2.10	[2]	1.98
Vested		1.50		0
Forfeited		1.61		0
Nonvested		$ 1.58		$ 1.98
[1]	Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.
[2]	Includes 10,527 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.

Stock Based Compensation - Su_5

Stock Based Compensation - Summary of Nonvested Stock option Activity (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021shares	Jul. 14, 2021
Common Stock Shares Conversion Ratio As Part Of Offering Pursuant To Share Based Scheme	1.3163	1.3163
President and Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Period Increase (Decrease)	10,527

Stock Based Compensation - Su_6

Stock Based Compensation - Summary of Restricted Stock Unit Activity (Detail) - $ / shares		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Schedule Of Share Based Compensation Restricted Stock Units Award Activity [Abstract]
Nonvested	[1]	111,802		0
Granted	[1]	15,052	[2]	111,802
Vested	[1]	(22,355)	[3]	0
Forfeited	[1]	(7,371)		0
Nonvested	[1]	97,128		111,802
Nonvested		$ 5.98		$ 0
Granted		7.76	[2]	5.98
Vested		5.98	[3]	0
Forfeited		6.06		0
Nonvested		$ 6.25		$ 5.98
[1]	Share amounts reflected in the tables are adjusted for the 1.3163 to 1 common share conversion ratio as part of the conversion and offering.
[2]	Includes 1,313 shares granted as a nonqualified stock option inducement award to the Company’s President and Chief Operating Officer.
[3]	Includes 6,305 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Stock Based Compensation - Su_7

Stock Based Compensation - Summary of Restricted Stock Unit Activity (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021shares	Jul. 14, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock shares conversion ratio as part of offering pursuant to share based scheme	1.3163	1.3163
Restrcited shares vested related to shares surrenders to cover payroll taxes	6,305
President And Chief Operating Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted as a nonqualified stock option inducement award	10,527
President And Chief Operating Officer [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted as a nonqualified stock option inducement award	1,313

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Mar. 27, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans	$ 323
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	3 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	$ 78
Restricted stock [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans	$ 500
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	3 years 6 months
Stock option expense recognised	$ 146	$ 95
Employee Stock Option [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Stock option expense recognised	$ 95	$ 61
Twenty twenty equity incentive plan [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Stock based compensation number of shares authorized			238,467
Twenty twenty 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