1895 Bancorp of Wisconsin (BCOW) 10-Q 13 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 09, 2022
Cover [Abstract]
Document Type	10-Q
Document Period End Date	Mar. 31, 2022
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	BCOW
Entity Registrant Name	1895 Bancorp of Wisconsin, Inc.
Entity Central Index Key	0001847360
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Address, State or Province	WI
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		6,365,270
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 Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 46,093	$ 65,300
Fed funds sold	4,493	1,503
Cash and cash equivalents	50,586	66,803
Marketable equity securities, stated at fair value	3,366	3,544
Available for sale securities, stated at fair value	132,722	112,440
Loans held for sale	944	1,183
Loans, net	323,686	323,789
Premises and equipment, net	5,809	5,864
Mortgage servicing rights, net	1,988	2,036
Federal Home Loan Bank (FHLB) stock, at cost	3,032	3,032
Accrued interest receivable	1,033	948
Cash value of life insurance	13,996	13,892
Other assets	9,123	6,108
TOTAL ASSETS	546,285	539,639
Liabilities and Stockholders' Equity
Deposits	390,953	384,501
Advance payments by borrowers for taxes and insurance	4,735	1,860
FHLB advances	58,449	55,442
Accrued interest payable	117	109
Other liabilities	6,829	6,834
TOTAL LIABILITIES	461,083	448,746
Common stock (par value $0.01 per share) Authorized - 90,000,000 shares at March 31, 2022 and December 31, 2021 Issued – 6,401,261 at March 31, 2022 and 6,402,571 at December 31, 2021 (includes 87,842 and 97,128 unvested shares, respectively) Outstanding – 6,371,198 at March 31, 2022 and 6,372,508 at December 31, 2021 (includes 87,842 and 97,128 unvested shares, respectively)	64	64
Preferred stock, $0.01 par value, 10,000,000 shares authorized at March 31, 2022 and December 31, 2021	0	0
Additional paid-in capital	52,852	52,805
Unallocated common stock of Employee Stock Ownership Plan (ESOP), 422,288 and 377,077 shares at March 31, 2022 and December 31, 2021, respectively	(3,900)	(3,432)
Less treasury stock at cost, 30,063 at March 31, 2022 and December 31, 2021	(301)	(301)
Retained earnings	41,560	41,615
Accumulated other comprehensive (loss) income, net of income taxes	(5,073)	142
Total stockholders' equity	85,202	90,893
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 546,285	$ 539,639

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	90,000,000	90,000,000
Common Stock, Shares, Issued	6,401,261	6,402,571
Common Stock, Shares, Outstanding	6,371,198	6,372,508
Preferred stock par or stated value per share	$ 0.01	$ 0.01
Preferred stock shares authorized	10,000,000	10,000,000
Unallocated common stock of Employee Stock Ownership Plan	417,356	377,077
Treasury stock	30,063	30,063
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	87,842	97,128
Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		97,128
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	87,842
Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		97,128
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	87,842

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Loans, including fees		$ 3,290,000	$ 3,294,000
Securities, taxable		548,000	267,000
Other		48,000	56,000
Total interest and dividend income		3,886,000	3,617,000
Interest expense:
Interest-bearing deposits		169,000	256,000
Borrowed funds		172,000	200,000
Total interest expense		341,000	456,000
Net interest income		3,545,000	3,161,000
Provision for loan losses		105,000	0
Net interest income after provision for loan losses		3,440,000	3,161,000
Noninterest income:
Service charges and other fees		236,000	222,000
Loan servicing, net		177,000	574,000
Net gain on sale of loans		78,000	567,000
Net gain on sale of securities		0	12,000
Increase in cash surrender value of insurance		104,000	100,000
Unrealized (loss) gain on marketable equity securities		(210,000)	131,000
Other		6,000	4,000
Total noninterest income		391,000	1,610,000
Noninterest expense:
Salaries and employee benefits		2,285,000	2,455,000
Advertising and promotions		14,000	18,000
Data processing		201,000	197,000
Occupancy and equipment		354,000	373,000
FDIC assessment		27,000	33,000
Other		1,065,000	1,013,000
Total noninterest expense		3,946,000	4,089,000
(Loss) income before income taxes		(115,000)	682,000
Income tax (benefit) expense		(60,000)	161,000
Net (loss) income		$ (55,000)	$ 521,000	[1]
Earnings per share:
Basic	[2]	$ (0.01)	$ 0.11
Diluted	[2]	$ (0.01)	$ 0.11	[1]
Average common shares outstanding:
Basic	[2]	5,873,964	4,588,688	[1]
Diluted	[2]	5,873,964	4,697,342
[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 not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). Refer to Note 14 Earnings Per Share for retroactive recognition given to the exchange ratio applied in the Conversion for the three months ended March 31, 2021.

Consolidated Statements of Op_2

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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (55)	$ 521	[1]
Other comprehensive (loss) income:
Unrealized holding (losses) gains arising during the period	(7,144)	(801)
Reclassification adjustment for gains realized in net income	0	(12)
Other comprehensive (loss) income before tax effect	(7,144)	(813)
Tax effect of other comprehensive (loss) income items	1,929	219
Other comprehensive (loss) income, net of tax	(5,215)	(594)
Comprehensive (loss) income	$ (5,270)	$ (73)
[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 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, 2020		$ 60,008		$ 49	$ 20,134	$ (1,228)	$ (1,615)	$ 41,530	$ 1,138
Net (loss) income		521	[1]					521
Other comprehensive loss		(594)							(594)
Purchase of treasury stock		(15)				(15)
ESOP shares committed to be released (1,755 shares)	[2]	21			3		18
Issuance of treasury stock – stock compensation plan					(15)	15
Stock compensation expense		58			58
Balance at Mar. 31, 2021		59,999		49	20,180	(1,228)	(1,597)	42,051	544
Balance at Dec. 31, 2021		90,893		64	52,805	(301)	(3,432)	41,615	142
Net (loss) income		(55)						(55)
Other comprehensive loss		(5,215)							(5,215)
Reimbursement of stock offering costs		1			1
Purchase of ESOP Shares		(517)					(517)
ESOP shares committed to be released (1,755 shares)		51			2		49
Retirement of common stock		(15)			(15)	0
Stock compensation expense		59			59
Balance at Mar. 31, 2022		$ 85,202		$ 64	$ 52,852	$ (301)	$ (3,900)	$ 41,560	$ (5,073)
[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 not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). Refer to Note 14 Earnings Per Share for retroactive recognition given to the exchange ratio applied in the Conversion for the three months ended March 31, 2021.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical)	Mar. 31, 2022shares	Mar. 31, 2021shares
ESOP shares committed to be released	4,933	1,755

Consolidated Statements of Cash

Consolidated Statements of Cash flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net (loss) income	$ (55)	$ 521
Adjustments to reconcile net income to net cash used in operating activities:
Net amortization of investment securities	43	49
Depreciation	154	167
Provision for loan losses	105
Net change in fair value of marketable equity securities	210	(131)
Net gain on sale of available for sale securities		(12)
Stock compensation expense	59	58
Adjustment to mortgage servicing rights valuation		(369)
(Benefit from) provision for deferred income tax	(60)	161
Originations of mortgage loans held for sale	(6,504)	(40,153)
Proceeds from sales of mortgage loans held for sale	6,821	40,376
Net gain on sale of mortgage loans held for sale	(78)	(567)
ESOP compensation	51	21
Net change in cash value of life insurance	(104)	(100)
Changes in operating assets and liabilities:
Net change in mortgage servicing rights	48	28
Accrued interest receivable and other assets	(1,111)	(818)
Accrued interest payable and other liabilities	(12)	(316)
Net cash used in operating activities	(433)	(1,085)
Cash Flows From Investing Activities
Proceeds from sales of available for sale securities	0	1,018
Maturities, prepayments, and calls of available for sale securities	3,693	2,052
Purchases of available for sale securities	(31,162)	(13,158)
Net Change In Marketable Equity Securities	(32)	(23)
Net (increase) decrease in loans	(2)	1,508
Net capital expenditures for premises and equipment	(99)	(26)
Net cash used in investing activities	(27,602)	(8,629)
Cash Flows From Financing Activities
Net increase (decrease) in deposits	6,452	(2,190)
Net (decrease) increase in advance payments by borrowers for taxes and insurance	2,875	3,360
Proceeds from issuance of Federal Home Loan Bank advances	10,000
Principal payments on Federal Home Loan Bank advances	(6,993)	(486)
Reimbursement of stock offering costs	1
Purchases of common stock		(15)
Purchase of ESOP shares	(517)
Net cash provided by financing activities	11,818	669
Net decrease in cash and cash equivalents	(16,217)	(9,045)
Cash and cash equivalents at beginning of period	66,803	92,526
Cash and cash equivalents at end of period	50,586	83,481
Supplemental cash flow information:
Cash paid during the year for interest	333	496
Noncash activities:
Retirement of common stock	$ 15
Issuance of treasury stock – stock compensation plans		$ 15

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION 1895 Bancorp of Wisconsin, Inc., a Maryland corporation (the “Company” or “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 were deferred and deducted from the sales proceeds of the offering. PyraMax Bank is a stock savings bank headquartered in Greenfield, Wisconsin. PyraMax Bank operates as a full-service financial institution, providing a full range of financial services, including the granting of commercial, residential, and consumer loans and acceptance of deposits from individual customers and small businesses in the metropolitan Milwaukee, Wisconsin, area. PyraMax Bank is subject to competition from other financial and nonfinancial institutions providing financial products. In addition, PyraMax Bank is subject to the regulations of certain regulatory agencies and undergoes periodic examination by those regulatory agencies. The accompanying unaudited interim financial statements and the notes thereto have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). In the opinion of management, the accompanying unaudited interim financial statements contain all normal recurring adjustments necessary to present fairly the financial positions results of operations, changes in equity and cash flows for the periods presented. The accompanying unaudited financial statements and related notes should be read in conjunction with the audited annual financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K In preparing financial statements in conformity with 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. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the fair values of securities, financial instruments and mortgage servicing rights, and the valuation of deferred income tax assets. Actual results could differ from those estimates. On April 5, 2012, the Jumpstart Our Business Startups Act non-issuer non-issuer Accordingly, the Company’s financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the recent accounting standards in Note 2 reflect those that relate to non-issuer Subsequent Events The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this quarterly report on Form 10-Q There were no additional significant subsequent events for the quarter ended March 31, 2022 through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements.

Recent Accounting Standards

Recent Accounting Standards	3 Months Ended
	Mar. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Standards	NOTE 2 – RECENT ACCOUNTING STANDARDS The following Accounting Standards Updates (ASUs) have been issued by the FASB and may impact the Company’s 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	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Available for Sale Securities	NOTE 3 – AVAILABLE FOR SALE SECURITIES The amortized costs and fair values of securities available-for-sale March 31, 2022 Amortized Gross Gross Fair Value (in thousands) U.S. Treasury notes $ 29,534 $ — $ (1,528 ) $ 28,006 Obligations of states and political subdivisions 22,000 31 (1,435 ) 20,596 Government-sponsored mortgage-backed securities 80,560 20 (4,065 ) 76,515 Asset-backed securities 6,119 4 (2 ) 6,121 Certificates of deposit 1,459 25 — 1,484 Total $ 139,672 $ 80 $ (7,030 ) $ 132,722 December 31, 2021 Amortized Gross Gross Fair Value (in thousands) 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 Available for sale securities with a carrying value of $4.3 million and $1.8 million were pledged as collateral at March 31, 2022 and December 31, 2021, respectively. The amortized costs and fair values of securities available-for-sale, March 31, 2022 Amortized Cost Fair Value (in thousands) Debt and other securities: Due in one year or less $ 1,350 $ 1,354 Due after one through 5 years 18,686 17,993 Due after 5 through 10 years 21,859 20,563 Due after 10 years 11,098 10,176 Total debt and other securities 52,993 50,086 Mortgage-related securities 80,560 76,515 Asset-backed securities 6,119 6,121 Total $ 139,672 $ 132,722 Gross unrealized losses on securities available-for-sale March 31, 2022 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) U.S. Treasury notes $ 28,006 $ (1,528 ) $ — $ — $ 28,006 $ (1,528 ) Obligations of states and political subdivisions 13,706 (902 ) 3,691 (533 ) 17,397 (1,435 ) Government-sponsored mortgage-backed securities 62,610 (3,544 ) 7,979 (521 ) 70,589 (4,065 ) Asset-backed securities 570 (2 ) — — 570 (2 ) Total $ 104,892 $ (5,976 ) $ 11,670 $ (1,054 ) $ 116,562 $ (7,030 ) December 31, 2021 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) 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 ) At March 31, 2022 and December 31, 2021, respectively, the Company had 68 and 24 debt securities with unrealized losses representing aggregate depreciation of approximately 5.7% and 1.1% from their respective amortized cost basis. These unrealized losses relate principally to changes in interest rates and were not caused by changes in the financial condition of the issuers, 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. As management has the intent and ability to hold these debt securities to projected recovery, none of these declines are deemed to be other-than-temporary. The following table provides a summary of the proceeds from sales of securities available-for-sale, Three months ended 2022 2021 (in thousands) Proceeds from sales of securities available-for-sale $ — $ 1,018 Gross realized gains — 12 Gross realized losses — —

Loans

Loans	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Loans	NOTE 4 – LOANS Major classifications of loans are summarized as follows: March 31, 2022 December 31, (in thousands) Commercial: Real estate $ 188,256 $ 185,223 Land development 1,366 1,400 Other 37,447 38,160 Residential real estate: First mortgage 79,767 80,661 Construction 3,258 3,388 Consumer: Home equity and lines of credit 15,654 17,032 Other 104 128 Subtotal 325,852 325,992 Net deferred loan costs 851 655 Allowance for loan losses (3,017 ) (2,858 ) Loans, net $ 323,686 $ 323,789 Deposit accounts in an overdrawn position and reclassified as loans totaled $48,000 and $106,000 at March 31, 2022 and December 31, 2021, respectively. The Company provides several types of loans to its customers, including commercial, residential, construction and consumer loans. Significant loan concentrations are considered to exist for a financial institution 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 the Company’s credit risks are geographically concentrated within the metropolitan Milwaukee, Wisconsin area, there are no concentrations with individual borrowers or groups 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 of March 31, 2022 and December 31, 2021, respectively, the Company had transferred $29.9 million and $32.1 million in participation loans which were eligible for sales treatment to other financial institutions, all of which continue to be serviced by the Company. An analysis of past due loans is presented below: March 31, 2022 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 188,256 $ 188,256 Land development — — — 1,366 1,366 Other — — — 37,447 37,447 Residential real estate: First mortgage 264 — 264 79,503 79,767 Construction — — — 3,258 3,258 Consumer: Home equity and lines of credit — — — 15,654 15,654 Other — — — 104 104 Total $ 264 $ — $ 264 $ 325,588 $ 325,852 December 31, 2021 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 185,223 $ 185,223 Land development — — — 1,400 1,400 Other 33 — 33 38,127 38,160 Residential real estate: First mortgage 342 — 342 80,319 80,661 Construction — — — 3,388 3,388 Consumer: Home equity and lines of credit — — — 17,032 17,032 Other — — — 128 128 Total $ 375 $ — $ 375 $ 325,617 $ 325,992 There were no loans 90 days or more past due and accruing interest as of March 31, 2022 or December 31, 2021. A summary of activity in the allowance for loan losses for the three months ended March 31, 2022 and March 31, 2021, respectively, is presented below: Commercial Residential Consumer Total (in thousands) Three months ended March 31, 2022 Allowance for loan losses Beginning balance $ 1,657 $ 745 $ 456 $ 2,858 Provision (credit) for loan losses 105 — — 105 Loans charged-off — — (3 ) (3 ) Recoveries 52 — 5 57 Ending balance $ 1,814 $ 745 $ 458 $ 3,017 Three months ended March 31, 2021 Allowance for loan losses Beginning balance $ 1,609 $ 745 $ 349 $ 2,703 Provision for loan losses — — — — Loans charged-off — — (16 ) (16 ) Recoveries 5 — 7 12 Ending balance $ 1,614 $ 745 $ 340 $ 2,699 A summary of the allowance for loan losses for loans evaluated individually and collectively for impairment is presented below: March 31, 2022 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 4,082 $ 1,336 $ 36 $ 5,454 Collectively evaluated for impairment 222,987 81,689 15,722 320,398 Total loans $ 227,069 $ 83,025 $ 15,758 $ 325,852 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,814 745 458 3,017 Total allowance for loan losses $ 1,814 $ 745 $ 458 $ 3,017 December 31, 2021 Commercial Residential Consumer Total (in thousands) 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 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 Watch and Special Mention Substandard Doubtful A summary of the Company’s internal risk ratings of loans is presented below: March 31, 2022 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 180,938 $ 3,721 $ 3,597 $ 188,256 Land development 1,366 — — 1,366 Other 36,962 — 485 37,447 Total $ 219,266 $ 3,721 $ 4,082 $ 227,069 December 31, 2021 Pass Watch and Substandard Total (in thousands) 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 There were no loans rated Doubtful or Loss as of March 31, 2022 or December 31, 2021, respectively. 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 March 31, 2022 Performing Non Total (in thousands) Residential real estate: First mortgage $ 78,844 $ 923 $ 79,767 Construction 3,258 — 3,258 Consumer: Home equity and lines of credit 15,618 36 15,654 Other 104 — 104 Total $ 97,824 $ 959 $ 98,783 December 31, 2021 Performing Non Total (in thousands) 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 Information regarding impaired loans is presented below: As of and for the Three Months ended March 31, 2022 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve — — — — — Impaired loans with no reserve: Commercial: Real estate 3,597 3,597 NA 3,923 37 Land development — — NA — — Other 485 485 NA 558 56 Residential real estate: First mortgage 1,336 1,557 NA 1,344 15 Construction — — NA — — Consumer: Home equity and lines of credit 36 41 NA 36 — Other — — NA — — Total impaired loans with no reserve 5,454 5,680 NA 5,861 108 Total impaired loans $ 5,454 $ 5,680 $ — $ 5,861 $ 108 As of and for the Year Ended December 31, 2021 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans 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 mortgage 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 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 March 31, 2022 and December 31, 2021, respectively. Nonperforming loans are as follows: March 31, December 31, (in thousands) Nonaccrual loans, other than troubled debt restructurings $ 770 $ 826 Nonaccrual loans, troubled debt restructurings 189 191 Total nonperforming loans (NPLs) $ 959 $ 1,017 Troubled debt restructurings, accruing $ 414 $ 418 There were no loans modified as troubled debt restructurings during the three months ended March 31, 2022 and year ended December 31, 2021, respectively. 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. There were no Information on non-accrual March 31, 2022 December 31, (in thousands) Commercial: Real estate $ — $ — Land development — — Other — — Residential real estate: First mortgage 923 939 Construction — — Consumer: Home equity and lines of credit 36 78 Other — — Total non-accrual $ 959 $ 1,017 Total non-accrual 0.29 % 0.31 % Total non-accrual 0.18 % 0.19 %

Mortgage Servicing Rights

Mortgage Servicing Rights	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
Mortgage Servicing Rights	NOTE 5 – MORTGAGE SERVICING RIGHTS Loans serviced for others are not included in the balance sheets. The unpaid principal balance of mortgage loans serviced for others was $325.4 million and $332.9 million as of March 31, 2022 and December 31, 2021, respectively. A summary of activity in the Company’s mortgage servicing rights is presented below: Three Months 31, 2022 Three Months 31, 2021 (in thousands) Mortgage servicing rights beginning balance $ 2,036 $ 1,806 Additions 27 203 Amortization (75 ) (231 ) Decrease in valuation allowance — 369 Mortgage servicing rights ending balance $ 1,988 $ 2,147 Fair value at beginning of period $ 2,477 $ 1,806 Fair value at end of period $ 2,811 $ 2,153 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 March 31, 2022, the model used discount rates ranging from 10% to 13.5%, and prepayment speeds ranging from 9.6% to 35.8%, respectively, both of which were based on market data from independent organizations. As of March 31, 2021 the model used discount rates ranging from 10% to 13.5%, and prepayment speeds ranging from 14.6% to 44.7%, respectively, both of which were based on market data from independent organizations. The following table summarizes the estimated future amortization expense for mortgage servicing rights for the annual periods indicated. The projections of amortization expense are based on existing asset balances as of March 31, 2022. The actual amortization expense the Company recognizes in any given period may vary significantly depending on changes in interest rates, market conditions and regulatory requirements. (in thousands) Estimated future amortization as of March 31, 2022: 2022 $ 235 2023 265 2024 221 2025 189 2026 163 Thereafter 915 Total $ 1,988

Deposits

Deposits	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Deposits	NOTE 6 – DEPOSITS The composition of deposits is summarized below: March 31, 2022 December 31, (in thousands) Non-interest $ 108,096 $ 106,664 Interest bearing checking 37,215 37,467 Money market 96,725 94,823 Statement savings 67,985 64,954 Certificates of deposit 80,932 80,593 Total $ 390,953 $ 384,501 The Company held $9.7 million and $10.0 million in certificates of deposit which met or exceeded the FDIC insurance limit of $250,000 as of March 31, 2022 and December 31, 2021, respectively. The Company did not hold any brokered deposits as of March 31, 2022 and December 31, 2021. As of March 31, 2022, the scheduled maturities of certificates of deposit for the annual periods are presented below: (in thousands) 2022 $ 61,677 2023 17,124 2024 1,030 2025 580 2026 346 Thereafter 175 Total $ 80,932

FEDERAL HOME LOAN BANK ADVANCES

FEDERAL HOME LOAN BANK ADVANCES	3 Months Ended
	Mar. 31, 2022
Federal Home Loan Banks [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	NOTE 7 – FEDERAL HOME LOAN BANK ADVANCES Federal Home Loan Bank advances consist of the following: March 31, 2022 December 31, 2021 Rate Amount Rate Amount (dollars in thousands) Fixed rate, fixed term advance, maturing Feb 2022 N/A $ — 1.62 % $ 6,500 Fixed rate, fixed term advance, maturing Feb 2023 1.62 % 6,500 1.62 % 6,500 Putable advance, maturing Oct 2029 first put option date Nov 2020 1.03 % 10,000 1.03 % 10,000 Putable advance, maturing Feb 2030 first put option date Feb 2023 0.98 % 5,000 0.98 % 5,000 Putable advance, maturing Mar 2030 first put option date Mar 2025 0.89 % 10,000 0.89 % 10,000 Putable advance, maturing Mar 2032 first put option date Mar 2027 1.74 % 10,000 — — Advance structured note, payments due monthly, maturing Feb 2030 7.47 % 531 7.47 % 542 Advance structured note, payments due monthly, maturing April 2030 1.05 % 8,164 1.05 % 8,405 Advance structured note, payments due monthly, maturing May 2030 1.19 % 8,254 1.19 % 8,495 Total $ 58,449 $ 55,442 The scheduled maturities of Federal Home Loan Bank advances are presented below: March 31, 2022 Weighted Average Rate Amount (dollars in thousands) 2022 1.27 % $ 1,488 2023 1.54 % 8,506 2024 1.28 % 2,032 2025 1.30 % 2,059 2026 1.31 % 2,086 Thereafter 1.22 % 42,278 Total $ 58,449 Actual maturities may differ from scheduled maturities due to call options on various Federal Home Loan Bank advances. The Company maintains a master contract agreement with the Federal Home Loan Bank, which provides for borrowing up to the lesser of 22.22 times the value of the Federal Home Loan Bank 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 Federal Home Loan Bank provides both fixed and floating rate advances. Floating rates are tied to short-term market rates of interest such as the London InterBank Offered Rate, federal funds or Treasury bill rates. Federal Home Loan Bank advances are subject to a prepayment penalty if they are repaid prior to maturity. The Company has pledged approximately $145.1 million and $147.5 million of qualifying loans as collateral for Federal Home Loan Bank advances as of March 31, 2022 and December 31, 2021, respectively. Federal Home Loan Bank advances are also secured by approximately $3.0 million of Federal Home Loan Bank stock held by the Company as of March 31, 2022 and December 31, 2021. The Company’s available and unused portion of this borrowing agreement totaled $85.6 million and $90.9 million as of March 31, 2022 and December 31, 2021, respectively. Additional borrowing would require additional stock purchase. Additionally, at March 31, 2022 we had a $15.0 million federal funds rate line of credit with the BMO Harris Bank, none of which was drawn at March 31, 2022. The Company also had a $10.7 million line of credit at the Federal Reserve based on pledged commercial real estate loans of approximately $13.5 million at March 31, 2022. The Company had not drawn on the Federal Reserve line as of March 31, 2022.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 – INCOME TAXES Income tax (benefit) expense was ($60,000) and $161,000 for the three months ended March 31, 2022 and 2021, respectively. 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 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. The realization of deferred tax assets is dependent on the existence of taxable income of the appropriate character (e.g., ordinary or capital) within the carry-back and carry-forward periods available under tax law, which would consider future reversals of existing taxable temporary differences and available tax planning strategies. As of March 31, 2022, and December 31, 2021, the deferred tax valuation allowance was $934,000, reducing our net deferred tax asset to $5.8 million and $3.8 million at each respective date. Due to recent changes in market conditions and current events related to COVID-19,

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 – COMMITMENTS AND CONTINGENCIES 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 financial statements. No material legal proceedings existed at March 31, 2022. In the normal course of business, the Company is party to financial instruments with off-balance-sheet The Company’s exposure to credit losses is represented by the contractual, or notional, amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet The contractual amounts of off-balance-sheet March 31, 2022 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 19,062 $ 66,506 $ 85,568 Standby letters of credit — 175 175 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,245 — 1,245 Commitments to sell loans 5,364 — 5,364 Overdraft protection program commitments 3,948 — 3,948 December 31, 2021 Fixed Rate Variable Rate Total (in thousands) 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 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 financial statements, since recording the fair value of these guarantees would not have a significant impact on the financial statements. The Company participates in the Federal Home Loan Bank of Chicago 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 Federal Home Loan Bank of Chicago through the Program. Under the Program, loans are funded by the Federal Home Loan Bank of Chicago, and the Company receives an agency fee reported as a component of gain on sale of loans. The Company had $813,000 of commitments to deliver loans through the Program as of March 31, 2022. 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 through 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 March 31, 2022, and December 31, 2021, the Company had no liability outstanding related to the Program. 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.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Employee Stock Ownership Plan	NOTE 10 – EMPLOYEE STOCK OWNERSHIP PLAN The Company established a tax qualified Employee Stock Ownership Plan (“ESOP”) for the benefit of its employees, effective January 1, 2019, in connection with the mutual holding company reorganization and organization of Old 1895 Bancorp. 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 $51,000 and $21,000 in compensation expense for the three months ended March 31, 2022 and March 31, 2021, respectively. The following table provides the allocated and unallocated shares of common stock associated with the ESOP. March 31, 2022 December 31, 2021 (dollars in thousands) Shares committed to be released 4,933 22,401 Total allocated shares 37,640 15,239 Total unallocated shares 417,356 377,077 Total ESOP shares 459,929 414,717 Fair value of unallocated shares (based on $10.85 and $10.99 share price as of March 31, 2022 and December 31, 2021, respectively) $ 4,528 $ 4,144

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 11 – RELATED PARTY TRANSACTIONS A summary of loans to directors, executive officers, and their affiliates follows: March 31, 2022 December 31, 2021 (in thousands) Beginning balance $ 932 $ 1,034 Adjustments due to changes in directors, executive officers, and/or principal stockholders — 202 New loans 4 53 Repayments (41 ) (357 ) Ending balance $ 895 $ 932 Deposits from directors, executive officers, and their affiliates totaled $1.2 million and $1.1 million at March 31, 2022 and December 31, 2021, respectively. The Company utilizes the services of law firms in which certain of the Company’s directors are partners. Fees paid to the firms for these services were $6,000 and $6,000 during the three months ended March 31, 2022 and 2021, respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 12 – FAIR VALUE MEASUREMENTS ASC Topic 820, Fair Value Measurements and Disclosures 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, 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. 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 March 31, 2022 Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 3,366 $ 3,366 $ — $ — Securities available-for-sale: U.S. Treasury notes 28,006 — 28,006 — Obligations of states and political subdivisions 20,596 — 20,596 — Government-sponsored mortgage-backed securities 76,515 — 76,515 — Asset-backed securities 6,121 — 6,121 — Certificates of deposit 1,484 — 1,484 — Total $ 136,088 $ 3,366 $ 132,722 $ — Recurring Fair Value Measurements Using December 31, 2021 Level 1 Level 2 Level 3 (in thousands) 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 $ — Impaired loans are measured at fair value on a non-recurring Mortgage servicing rights are measured at fair value on a non-recurring The carrying values and estimated fair values of financial instruments are presented below: March 31, 2022 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 50,586 $ 50,586 $ — $ — Available for sale securities 132,722 — 132,722 — Marketable equity securities 3,366 3,366 — — Loans held for sale 944 — 944 — Loans 323,686 — — 315,013 Rate lock commitments 19 — — 19 Accrued interest receivable 1,033 1,033 — — Federal Home Loan Bank stock 3,032 — — 3,032 Cash value of life insurance 13,996 — — 13,996 Financial liabilities: Deposits 390,953 310,021 — 80,322 Advance payments by borrowers for taxes and insurance 4,735 4,735 — — Federal Home Loan Bank advances 58,449 — — 56,535 Accrued interest payable 117 117 — — December 31, 2021 Carrying Value Level 1 Level 2 Level 3 (in thousands) 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 — — The fair value of a financial instrument is the current amount that would be exchanged between market participants, other than in a forced liquidation. Fair value is best determined based on quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on- off-balance-sheet

Equity and Regulatory Matters

Equity and Regulatory Matters	3 Months Ended
	Mar. 31, 2022
Text Block [Abstract]
Equity and Regulatory Matters	NOTE 13 – EQUITY AND REGULATORY MATTERS PyraMax 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 financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, PyraMax Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities and certain off-balance-sheet Quantitative measures established by regulation to ensure capital adequacy require PyraMax 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 that PyraMax Bank met all applicable capital adequacy requirements as of March 31, 2022 and December 31, 2021. As of March 31, 2022, and December 31, 2021, PyraMax Bank was categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, PyraMax Bank must maintain minimum regulatory capital ratios as set forth in the table below. PyraMax Bank’s actual and required capital amounts and ratios are presented below:​​​​​​​ March 31, 2022 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 65,031 12.1 % $ 21,540 4.0 % $ 26,925 5.0 % Risk-based: Common Equity Tier 1 65,031 18.3 % 15,980 4.5 % 23,082 6.5 % Tier 1 65,031 18.3 % 21,307 6.0 % 28,409 8.0 % Total 68,048 19.2 % 28,409 8.0 % 35,511 10.0 % December 31, 2021 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) 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 %

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 14 – EARNINGS PER SHARE Basic earnings per common 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, excluding outstanding participating securities. Participating securities include non-vested non-forfeitable Earnings per common share for the three months ended March 31, 2022 and 2021 are presented in the following table. Three months ended March 31, 2022 2021 (1) 2021 (2) (dollars in thousands, except per share Net income $ (55 ) $ 521 $ 521 Weighted shares outstanding for basic EPS Weighted average shares outstanding 6,275,850 4,749,287 6,251,486 Less: Weighted average unallocated ESOP shares 401,886 160,599 211,396 Weighted average shares outstanding for basic EPS 5,873,964 4,588,688 6,040,090 Additional dilutive shares — 108,654 143,021 Weighted average shares outstanding for dilutive EPS 5,873,964 4,697,342 6,183,111 Basic income per share $ (0.01 ) $ 0.11 $ 0.09 Diluted income per share $ (0.01 ) $ 0.11 $ 0.08 (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)

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	NOTE 15 – 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. The following assumptions were used in estimating the fair value of options granted during the three months ended March 31, 2022 and March 31, 2021: For the Three Months March 31, 2022 (1) March 31, Dividend yield N/A 0.00 % Risk-free interest rate N/A 0.96 % Expected volatility N/A 24.64 % Weighted average expected life N/A 6.5 Weighted average per share value of options $ N/A $ 2.76 (1) There were no stock options granted during the three months 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. A summary of the Company’s stock option activity for the period ended March 31, 2022 is presented below. Stock Options Shares Weighted Weighted Aggregate Outstanding December 31, 2021 300,720 $ 6.19 8.40 1,443,067 Granted — — — — Exercised — — — — Forfeited — — — — Outstanding March 31, 2022 300,720 6.19 8.16 1,403,629 Options exercisable at March 31, 2022 75,835 6.15 8.12 356,984 The following table summarizes information about the Company’s nonvested stock option activity for the three months ended March 31, 2022: Stock Options Shares Weighted Average Nonvested at December 31, 2021 248,043 $ 1.58 Granted — — Vested (1) (23,158 ) 1.61 Forfeited — — Nonvested at March 31, 2022 224,885 $ 1.58 (1) Includes 2,105 shares vested under 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 $23,000 in stock option expense during the three months ended March 31, 2022 and 2021. At March 31, 2022, the Company had $300,000 in estimated unrecognized compensation costs related to outstanding stock options that is expected to be recognized over a weighted average period of 3.22 years. The following table summarizes information about the Company’s restricted stock activity for the three months ended March 31, 2022: Restricted Stock Shares Weighted Average Nonvested at December 31, 2021 97,128 $ 6.25 Granted — — Vested (1)(2) (9,286 ) 6.56 Forfeited — — Nonvested at March 31, 2022 87,842 $ 6.21 (1) Includes 263 shares vested under a restricted stock inducement award to the Company’s President and Chief Operating Officer. (2) Includes 1,310 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 $36,000 and $35,000 in restricted stock expense during the three months ended March 31, 2022 and 2021, respectively. At March 31, 2022, the Company had $464,000 of unrecognized compensation expense related to restricted stock shares that is expected to be recognized over a weighted average period of 3.22 years.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	NOTE 16 – LEASES The Company has operating leases consisting primarily of real estate leases. The Company leases real estate property for bank branches and office space with terms extending through 2028. As of March 31, 2022, the Company reported $510,000 of right-of-use At March 31, 2022, the Company was obligated under noncancelable operating leases for office space and other commitments. Rent expense under operating leases, included in net occupancy and equipment expense, was $19,000 and $20,000 for the three months ended March 31, 2022 and 2021, respectively. Rent commitments were as follows as of March 31, 2022: (in thousands) 2022 $ 64 2023 87 2024 89 2025 91 2026 94 Thereafter 112 Amounts representing interest (27 ) Total $ 510

Available for Sale Securities (

Available for Sale Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Summary of Amortized Costs and Fair Value of Securities Available for Sale	The amortized costs and fair values of securities available-for-sale March 31, 2022 Amortized Gross Gross Fair Value (in thousands) U.S. Treasury notes $ 29,534 $ — $ (1,528 ) $ 28,006 Obligations of states and political subdivisions 22,000 31 (1,435 ) 20,596 Government-sponsored mortgage-backed securities 80,560 20 (4,065 ) 76,515 Asset-backed securities 6,119 4 (2 ) 6,121 Certificates of deposit 1,459 25 — 1,484 Total $ 139,672 $ 80 $ (7,030 ) $ 132,722 December 31, 2021 Amortized Gross Gross Fair Value (in thousands) 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
Summary of Gross Unrealized Losses on Securities Available-for-sale and Fair Values	Gross unrealized losses on securities available-for-sale March 31, 2022 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) U.S. Treasury notes $ 28,006 $ (1,528 ) $ — $ — $ 28,006 $ (1,528 ) Obligations of states and political subdivisions 13,706 (902 ) 3,691 (533 ) 17,397 (1,435 ) Government-sponsored mortgage-backed securities 62,610 (3,544 ) 7,979 (521 ) 70,589 (4,065 ) Asset-backed securities 570 (2 ) — — 570 (2 ) Total $ 104,892 $ (5,976 ) $ 11,670 $ (1,054 ) $ 116,562 $ (7,030 ) December 31, 2021 Less than 12 months 12 months or longer Total Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized (in thousands) 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 )
Summary of Amortized Costs and Fair Values of Securities Available-for-sale, by Contractual Maturity	The amortized costs and fair values of securities available-for-sale, March 31, 2022 Amortized Cost Fair Value (in thousands) Debt and other securities: Due in one year or less $ 1,350 $ 1,354 Due after one through 5 years 18,686 17,993 Due after 5 through 10 years 21,859 20,563 Due after 10 years 11,098 10,176 Total debt and other securities 52,993 50,086 Mortgage-related securities 80,560 76,515 Asset-backed securities 6,119 6,121 Total $ 139,672 $ 132,722
Summary of Proceeds from Sales of Securities Available-for-sale, as well as Gross Gains and Losses	The following table provides a summary of the proceeds from sales of securities available-for-sale, Three months ended 2022 2021 (in thousands) Proceeds from sales of securities available-for-sale $ — $ 1,018 Gross realized gains — 12 Gross realized losses — —

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans are summarized as follows: March 31, 2022 December 31, (in thousands) Commercial: Real estate $ 188,256 $ 185,223 Land development 1,366 1,400 Other 37,447 38,160 Residential real estate: First mortgage 79,767 80,661 Construction 3,258 3,388 Consumer: Home equity and lines of credit 15,654 17,032 Other 104 128 Subtotal 325,852 325,992 Net deferred loan costs 851 655 Allowance for loan losses (3,017 ) (2,858 ) Loans, net $ 323,686 $ 323,789
Summary of Activity in Allowance for Loan and Lease Losses	A summary of activity in the allowance for loan losses for the three months ended March 31, 2022 and March 31, 2021, respectively, is presented below: Commercial Residential Consumer Total (in thousands) Three months ended March 31, 2022 Allowance for loan losses Beginning balance $ 1,657 $ 745 $ 456 $ 2,858 Provision (credit) for loan losses 105 — — 105 Loans charged-off — — (3 ) (3 ) Recoveries 52 — 5 57 Ending balance $ 1,814 $ 745 $ 458 $ 3,017 Three months ended March 31, 2021 Allowance for loan losses Beginning balance $ 1,609 $ 745 $ 349 $ 2,703 Provision for loan losses — — — — Loans charged-off — — (16 ) (16 ) Recoveries 5 — 7 12 Ending balance $ 1,614 $ 745 $ 340 $ 2,699
Summary of Allowance for Loan and Lease Losses for Loans Evaluated Individually and Collectively for Impairment	A summary of the allowance for loan losses for loans evaluated individually and collectively for impairment is presented below: March 31, 2022 Commercial Residential Consumer Total (in thousands) Loans: Individually evaluated for impairment $ 4,082 $ 1,336 $ 36 $ 5,454 Collectively evaluated for impairment 222,987 81,689 15,722 320,398 Total loans $ 227,069 $ 83,025 $ 15,758 $ 325,852 Allowance for loan losses: Individually evaluated for impairment $ — $ — $ — $ — Collectively evaluated for impairment 1,814 745 458 3,017 Total allowance for loan losses $ 1,814 $ 745 $ 458 $ 3,017 December 31, 2021 Commercial Residential Consumer Total (in thousands) 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
Summary of Information Regarding Impaired Loans	Information regarding impaired loans is presented below: As of and for the Three Months ended March 31, 2022 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans with reserve — — — — — Impaired loans with no reserve: Commercial: Real estate 3,597 3,597 NA 3,923 37 Land development — — NA — — Other 485 485 NA 558 56 Residential real estate: First mortgage 1,336 1,557 NA 1,344 15 Construction — — NA — — Consumer: Home equity and lines of credit 36 41 NA 36 — Other — — NA — — Total impaired loans with no reserve 5,454 5,680 NA 5,861 108 Total impaired loans $ 5,454 $ 5,680 $ — $ 5,861 $ 108 As of and for the Year Ended December 31, 2021 Recorded Unpaid Reserve Average Interest (in thousands) Impaired loans with reserve: Commercial: Real estate $ — $ — $ — $ — $ — Land development — — — — — Other — — — — — Residential real estate: First mortgage — — — — — Construction — — — — — Consumer: Home equity and lines of credit — — — — — Other — — — — — Total impaired loans 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 mortgage 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
Summary of Internal Risk Ratings of Loans	A summary of the Company’s internal risk ratings of loans is presented below: March 31, 2022 Pass Watch and Substandard Total (in thousands) Commercial: Real estate $ 180,938 $ 3,721 $ 3,597 $ 188,256 Land development 1,366 — — 1,366 Other 36,962 — 485 37,447 Total $ 219,266 $ 3,721 $ 4,082 $ 227,069 December 31, 2021 Pass Watch and Substandard Total (in thousands) 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
Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans	March 31, 2022 Performing Non Total (in thousands) Residential real estate: First mortgage $ 78,844 $ 923 $ 79,767 Construction 3,258 — 3,258 Consumer: Home equity and lines of credit 15,618 36 15,654 Other 104 — 104 Total $ 97,824 $ 959 $ 98,783 December 31, 2021 Performing Non Total (in thousands) 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
Summary of Nonperforming Loans	Nonperforming loans are as follows: March 31, December 31, (in thousands) Nonaccrual loans, other than troubled debt restructurings $ 770 $ 826 Nonaccrual loans, troubled debt restructurings 189 191 Total nonperforming loans (NPLs) $ 959 $ 1,017 Troubled debt restructurings, accruing $ 414 $ 418
Schedule of Analysis of Past due Loans	An analysis of past due loans is presented below: March 31, 2022 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 188,256 $ 188,256 Land development — — — 1,366 1,366 Other — — — 37,447 37,447 Residential real estate: First mortgage 264 — 264 79,503 79,767 Construction — — — 3,258 3,258 Consumer: Home equity and lines of credit — — — 15,654 15,654 Other — — — 104 104 Total $ 264 $ — $ 264 $ 325,588 $ 325,852 December 31, 2021 30-89 Days 90 Days or Total Past Current Total Loans (in thousands) Commercial: Real estate $ — $ — $ — $ 185,223 $ 185,223 Land development — — — 1,400 1,400 Other 33 — 33 38,127 38,160 Residential real estate: First mortgage 342 — 342 80,319 80,661 Construction — — — 3,388 3,388 Consumer: Home equity and lines of credit — — — 17,032 17,032 Other — — — 128 128 Total $ 375 $ — $ 375 $ 325,617 $ 325,992
Summary of Information Regarding Non-accrual Loans	Information on non-accrual March 31, 2022 December 31, (in thousands) Commercial: Real estate $ — $ — Land development — — Other — — Residential real estate: First mortgage 923 939 Construction — — Consumer: Home equity and lines of credit 36 78 Other — — Total non-accrual $ 959 $ 1,017 Total non-accrual 0.29 % 0.31 % Total non-accrual 0.18 % 0.19 %

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
Summary of Activity in Mortgage Servicing Rights	A summary of activity in the Company’s mortgage servicing rights is presented below: Three Months 31, 2022 Three Months 31, 2021 (in thousands) Mortgage servicing rights beginning balance $ 2,036 $ 1,806 Additions 27 203 Amortization (75 ) (231 ) Decrease in valuation allowance — 369 Mortgage servicing rights ending balance $ 1,988 $ 2,147 Fair value at beginning of period $ 2,477 $ 1,806 Fair value at end of period $ 2,811 $ 2,153
Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights	The following table summarizes the estimated future amortization expense for mortgage servicing rights for the annual periods indicated. The projections of amortization expense are based on existing asset balances as of March 31, 2022. The actual amortization expense the Company recognizes in any given period may vary significantly depending on changes in interest rates, market conditions and regulatory requirements. (in thousands) Estimated future amortization as of March 31, 2022: 2022 $ 235 2023 265 2024 221 2025 189 2026 163 Thereafter 915 Total $ 1,988

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Composition of Deposits	The composition of deposits is summarized below: March 31, 2022 December 31, (in thousands) Non-interest $ 108,096 $ 106,664 Interest bearing checking 37,215 37,467 Money market 96,725 94,823 Statement savings 67,985 64,954 Certificates of deposit 80,932 80,593 Total $ 390,953 $ 384,501
Scheduled Maturities of Certificates of Deposit	As of March 31, 2022, the scheduled maturities of certificates of deposit for the annual periods are presented below: (in thousands) 2022 $ 61,677 2023 17,124 2024 1,030 2025 580 2026 346 Thereafter 175 Total $ 80,932

FEDERAL HOME LOAN BANK ADVANC_2

FEDERAL HOME LOAN BANK ADVANCES (Tables)	3 Months Ended
	Mar. 31, 2022
Federal Home Loan Banks [Abstract]
Summary of Federal Home Loan Bank Advances	Federal Home Loan Bank advances consist of the following: March 31, 2022 December 31, 2021 Rate Amount Rate Amount (dollars in thousands) Fixed rate, fixed term advance, maturing Feb 2022 N/A $ — 1.62 % $ 6,500 Fixed rate, fixed term advance, maturing Feb 2023 1.62 % 6,500 1.62 % 6,500 Putable advance, maturing Oct 2029 first put option date Nov 2020 1.03 % 10,000 1.03 % 10,000 Putable advance, maturing Feb 2030 first put option date Feb 2023 0.98 % 5,000 0.98 % 5,000 Putable advance, maturing Mar 2030 first put option date Mar 2025 0.89 % 10,000 0.89 % 10,000 Putable advance, maturing Mar 2032 first put option date Mar 2027 1.74 % 10,000 — — Advance structured note, payments due monthly, maturing Feb 2030 7.47 % 531 7.47 % 542 Advance structured note, payments due monthly, maturing April 2030 1.05 % 8,164 1.05 % 8,405 Advance structured note, payments due monthly, maturing May 2030 1.19 % 8,254 1.19 % 8,495 Total $ 58,449 $ 55,442
Schedule of Maturities of Federal Home Loan Bank Advances	The scheduled maturities of Federal Home Loan Bank advances are presented below: March 31, 2022 Weighted Average Rate Amount (dollars in thousands) 2022 1.27 % $ 1,488 2023 1.54 % 8,506 2024 1.28 % 2,032 2025 1.30 % 2,059 2026 1.31 % 2,086 Thereafter 1.22 % 42,278 Total $ 58,449

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Contractual Amounts of Off-balance-sheet Credit-related Financial Instruments	The contractual amounts of off-balance-sheet March 31, 2022 Fixed Rate Variable Rate Total (in thousands) Commitments to extend credit $ 19,062 $ 66,506 $ 85,568 Standby letters of credit — 175 175 Credit enhancement under the FHLB of Chicago Mortgage Partnership Finance Program 1,245 — 1,245 Commitments to sell loans 5,364 — 5,364 Overdraft protection program commitments 3,948 — 3,948 December 31, 2021 Fixed Rate Variable Rate Total (in thousands) 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

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Table)	3 Months Ended
	Mar. 31, 2022
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. March 31, 2022 December 31, 2021 (dollars in thousands) Shares committed to be released 4,933 22,401 Total allocated shares 37,640 15,239 Total unallocated shares 417,356 377,077 Total ESOP shares 459,929 414,717 Fair value of unallocated shares (based on $10.85 and $10.99 share price as of March 31, 2022 and December 31, 2021, respectively) $ 4,528 $ 4,144

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2022
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: March 31, 2022 December 31, 2021 (in thousands) Beginning balance $ 932 $ 1,034 Adjustments due to changes in directors, executive officers, and/or principal stockholders — 202 New loans 4 53 Repayments (41 ) (357 ) Ending balance $ 895 $ 932

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 Level 1 Level 2 Level 3 (in thousands) Marketable equity securities $ 3,366 $ 3,366 $ — $ — Securities available-for-sale: U.S. Treasury notes 28,006 — 28,006 — Obligations of states and political subdivisions 20,596 — 20,596 — Government-sponsored mortgage-backed securities 76,515 — 76,515 — Asset-backed securities 6,121 — 6,121 — Certificates of deposit 1,484 — 1,484 — Total $ 136,088 $ 3,366 $ 132,722 $ — Recurring Fair Value Measurements Using December 31, 2021 Level 1 Level 2 Level 3 (in thousands) 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 $ —
Summary of Carrying Values and Estimated Fair Values of Financial Instruments	The carrying values and estimated fair values of financial instruments are presented below: March 31, 2022 Carrying Value Level 1 Level 2 Level 3 (in thousands) Financial assets: Cash and cash equivalents $ 50,586 $ 50,586 $ — $ — Available for sale securities 132,722 — 132,722 — Marketable equity securities 3,366 3,366 — — Loans held for sale 944 — 944 — Loans 323,686 — — 315,013 Rate lock commitments 19 — — 19 Accrued interest receivable 1,033 1,033 — — Federal Home Loan Bank stock 3,032 — — 3,032 Cash value of life insurance 13,996 — — 13,996 Financial liabilities: Deposits 390,953 310,021 — 80,322 Advance payments by borrowers for taxes and insurance 4,735 4,735 — — Federal Home Loan Bank advances 58,449 — — 56,535 Accrued interest payable 117 117 — — December 31, 2021 Carrying Value Level 1 Level 2 Level 3 (in thousands) 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 — —

Equity and Regulatory Matters (

Equity and Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2022
Text Block [Abstract]
Schedule of Banks Actual and Required Capital Amounts and Ratios	the table below. PyraMax Bank’s actual and required capital amounts and ratios are presented below: March 31, 2022 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) PyraMax Bank Leverage (Tier 1) $ 65,031 12.1 % $ 21,540 4.0 % $ 26,925 5.0 % Risk-based: Common Equity Tier 1 65,031 18.3 % 15,980 4.5 % 23,082 6.5 % Tier 1 65,031 18.3 % 21,307 6.0 % 28,409 8.0 % Total 68,048 19.2 % 28,409 8.0 % 35,511 10.0 % December 31, 2021 Actual For Capital Adequacy To Be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) 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 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Earnings per common share for the three months ended March 31, 2022 and 2021 are presented in the following table. Three months ended March 31, 2022 2021 (1) 2021 (2) (dollars in thousands, except per share Net income $ (55 ) $ 521 $ 521 Weighted shares outstanding for basic EPS Weighted average shares outstanding 6,275,850 4,749,287 6,251,486 Less: Weighted average unallocated ESOP shares 401,886 160,599 211,396 Weighted average shares outstanding for basic EPS 5,873,964 4,588,688 6,040,090 Additional dilutive shares — 108,654 143,021 Weighted average shares outstanding for dilutive EPS 5,873,964 4,697,342 6,183,111 Basic income per share $ (0.01 ) $ 0.11 $ 0.09 Diluted income per share $ (0.01 ) $ 0.11 $ 0.08 (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)

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Summary of Assumptions Used in Estimating the Fair Value of Options Granted	For the Three Months March 31, 2022 (1) March 31, Dividend yield N/A 0.00 % Risk-free interest rate N/A 0.96 % Expected volatility N/A 24.64 % Weighted average expected life N/A 6.5 Weighted average per share value of options $ N/A $ 2.76 (1) There were no stock options granted during the three months
Summary of Stock Option Activity	A summary of the Company’s stock option activity for the period ended March 31, 2022 is presented below. Stock Options Shares Weighted Weighted Aggregate Outstanding December 31, 2021 300,720 $ 6.19 8.40 1,443,067 Granted — — — — Exercised — — — — Forfeited — — — — Outstanding March 31, 2022 300,720 6.19 8.16 1,403,629 Options exercisable at March 31, 2022 75,835 6.15 8.12 356,984
Summary of Nonvested Stock option Activity	The following table summarizes information about the Company’s nonvested stock option activity for the three months ended March 31, 2022: Stock Options Shares Weighted Average Nonvested at December 31, 2021 248,043 $ 1.58 Granted — — Vested (1) (23,158 ) 1.61 Forfeited — — Nonvested at March 31, 2022 224,885 $ 1.58 (1) Includes 2,105 shares vested under 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 three months ended March 31, 2022: Restricted Stock Shares Weighted Average Nonvested at December 31, 2021 97,128 $ 6.25 Granted — — Vested (1)(2) (9,286 ) 6.56 Forfeited — — Nonvested at March 31, 2022 87,842 $ 6.21 (1) Includes 263 shares vested under a restricted stock inducement award to the Company’s President and Chief Operating Officer. (2) Includes 1,310 shares surrendered by employees to cover payroll tax costs related to the vested shares.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
schedule of rent commitments	Rent commitments were as follows as of March 31, 2022: (in thousands) 2022 $ 64 2023 87 2024 89 2025 91 2026 94 Thereafter 112 Amounts representing interest (27 ) Total $ 510

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Common Stock Held By Public	100.00%
Reorganization Cost And Issuing Of Common Stock Deferred	$ 2

RECENT ACCOUNTING STANDARDS - A

RECENT ACCOUNTING STANDARDS - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increase in assets and liabilities	$ 529,000

Available for Sale Securities -

Available for Sale Securities - Summary of Amortized Costs and Fair Value of Securities Available-for-sale (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	$ 139,672	$ 112,246
Securities Available for Sale, Gross Unrealized Gains	80	888
Securities Available for Sale, Gross Unrealized Losses	(7,030)	(694)
Securities Available for Sale, Fair Value	132,722	112,440
US Treasury Securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	29,534	19,501
Securities Available for Sale, Gross Unrealized Gains	0	8
Securities Available for Sale, Gross Unrealized Losses	(1,528)	(25)
Securities Available for Sale, Fair Value	28,006	19,484
Obligations of states and political subdivisions [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	22,000	20,758
Securities Available for Sale, Gross Unrealized Gains	31	207
Securities Available for Sale, Gross Unrealized Losses	(1,435)	(205)
Securities Available for Sale, Fair Value	20,596	20,760
Government-sponsored Mortgage-backed Securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	80,560	64,049
Securities Available for Sale, Gross Unrealized Gains	20	563
Securities Available for Sale, Gross Unrealized Losses	(4,065)	(463)
Securities Available for Sale, Fair Value	76,515	64,149
Asset-backed securities [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	6,119	6,479
Securities Available for Sale, Gross Unrealized Gains	4	45
Securities Available for Sale, Gross Unrealized Losses	(2)	(1)
Securities Available for Sale, Fair Value	6,121	6,523
Certificates of deposit [Member]
Marketable Securities [Line Items]
Securities Available for Sale, Amortized Cost	1,459	1,459
Securities Available for Sale, Gross Unrealized Gains	25	65
Securities Available for Sale, Fair Value	$ 1,484	$ 1,524

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) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Due in one year or less	$ 1,354
Due after one through 5 years	17,993
Due after 5 through 10 years	20,563
Due after 10 years	10,176
Subtotal	50,086
Total	132,722	$ 112,440
Due in one year or less	1,350
Due after one through 5 years	18,686
Due after 5 through 10 years	21,859
Due after 10 years	11,098
Subtotal	52,993
Total	139,672
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Subtotal	76,515
Subtotal	80,560
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Subtotal	6,121
Subtotal	$ 6,119

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	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Fair Value	$ 104,892	$ 58,585
Unrealized Loss	(5,976)	(571)
Fair Value	11,670	4,105
Unrealized Loss	(1,054)	(123)
Fair Value	116,562	62,690
Unrealized Loss	(7,030)	(694)
US Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	28,006	12,971
Unrealized Loss	(1,528)	(25)
Fair Value	28,006	12,971
Unrealized Loss	(1,528)	(25)
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	13,706	5,414
Unrealized Loss	(902)	(82)
Fair Value	3,691	4,105
Unrealized Loss	(533)	(123)
Fair Value	17,397	9,519
Unrealized Loss	(1,435)	(205)
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	62,610	39,392
Unrealized Loss	(3,544)	(463)
Fair Value	7,979
Unrealized Loss	(521)
Fair Value	70,589	39,392
Unrealized Loss	(4,065)	(463)
Asset-backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Fair Value	570	808
Unrealized Loss	(2)	(1)
Fair Value	570	808
Unrealized Loss	$ (2)	$ (1)

Available for Sale Securities_4

Available for Sale Securities - Additional Information (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)DebtInstrument	Dec. 31, 2021USD ($)DebtInstrument
Investments, Debt and Equity Securities [Abstract]
Number of debt securities with unrealized losses | DebtInstrument	68	24
Percentage of depreciation from amortized cost bases	5.70%	1.10%
Collateral to secure customer deposit accounts | $	$ 4.3	$ 1.8

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Proceeds from sales of securities available-for-sale	$ 0	$ 1,018
Gross realized gains	$ 0	$ 12

Loans - Summary of Major Classi

Loans - Summary of Major Classifications of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 325,852	$ 325,992
Net deferred loan costs	851	655
Allowance for loan losses	(3,017)	(2,858)	$ (2,699)	$ (2,703)
Loans, net	323,686	323,789
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	188,256	185,223
Commercial [Member] | Land [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	1,366	1,400
Commercial [Member] | Other Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	37,447	38,160
Residential Real Estate [Member] | First Mortgage [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	79,767	80,661
Residential Real Estate [Member] | Construction Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	3,258	3,388
Consumer [Member] | Other Consumer Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	104	128
Consumer [Member] | Home Equity Lines Of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 15,654	$ 17,032

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable	$ 325,852,000		$ 325,992,000
Additional committed impared loans	0		0
Loans modified as troubled debt restructurings	0	$ 0
Troubled debt restructurings within past twelve months for which there was a default	0	$ 0
Overdrawn deposit account reclassified as loan	48,000,000		106,000,000
Loans and leases receivable, net amount	$ 323,686,000		323,789,000
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	$ 7,300,000
Financing receivable deferral amount	264,000
Doubtful [Member]
Loans and Leases Receivable Disclosure [Line Items]
Additional Loans Receivable	0		0
Other Financial Institutions [Member]
Loans and Leases Receivable Disclosure [Line Items]
Participation loans transferred	$ 29,900,000		$ 32,100,000

Loans - Summary of Activity in

Loans - Summary of Activity in Allowance for Loan and Lease Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	$ 2,858	$ 2,703
Provision (credit) for loan losses	105	0
Loans charged-off	(3)	(16)
Recoveries of loans previously charged off	57	12
Ending balance	3,017	2,699
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	1,657	1,609
Provision (credit) for loan losses	105
Loans charged-off	0	0
Recoveries of loans previously charged off	52	5
Ending balance	1,814	1,614
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	745	745
Provision (credit) for loan losses	0
Loans charged-off	0	0
Recoveries of loans previously charged off	0	0
Ending balance	745	745
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Beginning balance	456	349
Provision (credit) for loan losses	0
Loans charged-off	(3)	(16)
Recoveries of loans previously charged off	5	7
Ending balance	$ 458	$ 340

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	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	$ 5,454	$ 6,227
Collectively evaluated for impairment	320,398	319,765
Total loans	325,852	325,992
Collectively evaluated for impairment	3,017	2,858
Total allowance for loan losses	3,017	2,858	$ 2,699	$ 2,703
Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	4,082	4,833
Collectively evaluated for impairment	222,987	219,950
Total loans	227,069	224,783
Collectively evaluated for impairment	1,814	1,657
Total allowance for loan losses	1,814	1,657	1,614	1,609
Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	1,336	1,357
Collectively evaluated for impairment	81,689	82,692
Total loans	83,025	84,049
Collectively evaluated for impairment	745	745
Total allowance for loan losses	745	745	745	745
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Individually evaluated for impairment	36	37
Collectively evaluated for impairment	15,722	17,123
Total loans	15,758	17,160
Collectively evaluated for impairment	458	456
Total allowance for loan losses	$ 458	$ 456	$ 340	$ 349

Loans - Summary of Internal Ris

Loans - Summary of Internal Risk Ratings of Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 325,852	$ 325,992
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	188,256	185,223
Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,366	1,400
Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	37,447	38,160
Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	227,069	224,783
Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	188,256	185,223
Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,366	1,400
Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	37,447	38,160
Pass [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	219,266	210,986
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	180,938	172,172
Pass [Member] | Internal Credit Risk Rating [Member] | Commercial Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	1,366	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	36,962	37,414
Watch and Special Mention [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,721	8,964
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	3,721	8,963
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	0	1
Substandard [Member] | Internal Credit Risk Rating [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	4,082	4,833
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,597	4,088
Substandard [Member] | Internal Credit Risk Rating [Member] | Commercial Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 485	$ 745

Loans - Summary of Information

Loans - Summary of Information Regarding the Credit Quality Indicators for Residential Real Estate and Consumer Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	$ 325,852	$ 325,992
Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	98,783	101,209
Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	79,767	80,661
Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,258	3,388
Credit Quality [Member] | Consumer Home Equity and Lines of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	15,654	17,032
Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	104	128
Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	97,824	100,192
Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	78,844	79,722
Performing [Member] | Credit Quality [Member] | Residential Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	3,258	3,388
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	15,618	16,954
Performing [Member] | Credit Quality [Member] | Consumer Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	104	128
Non Performing [Member] | Credit Quality [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	959	1,017
Non Performing [Member] | Credit Quality [Member] | Residential First Mortgages [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable gross carrying amount	923	939
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	$ 36	$ 78

Loans - Summary of Informatio_2

Loans - Summary of Information Regarding Impaired Loans (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 5,454	$ 6,227
Reserve		0
Average Investment	5,861	8,758
Interest Recognized	108	337
Recorded Investment	5,454	6,227
Principal Balance	5,680	6,498
Average Investment	5,861	8,758
Interest Recognized	108	337
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	3,597	4,088
Principal Balance	3,597	4,089
Average Investment	3,923	5,615
Interest Recognized	37	213
Commercial Land Development [Member]
Financing Receivable, Impaired [Line Items]
Average Investment	0	734
Interest Recognized	0	33
Commercial Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	485	745
Principal Balance	485	796
Average Investment	558	1,478
Interest Recognized	56	35
Residential real estate and consumer First mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,336	1,357
Principal Balance	1,557	1,572
Average Investment	1,344	914
Interest Recognized	15	34
Residential real estate and consumer Home equity and lines of credit
Financing Receivable, Impaired [Line Items]
Recorded Investment	36	37
Principal Balance	41	41
Average Investment	36	17
Interest Recognized	$ 0	$ 22

Loans - Summary of Nonperformin

Loans - Summary of Nonperforming Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Modifications [Line Items]
Nonaccrual loans, other than troubled debt restructurings	$ 770	$ 826
Total nonperforming loans (NPLs)	959	1,017
Non Accruing Loan [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	189	191
Accruing Loans [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructurings	$ 414	$ 418

Loans - Schedule of Analysis of

Loans - Schedule of Analysis of Past due Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 264	$ 375
Total Loans	325,852	325,992
Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Total Loans	188,256	185,223
Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Total Loans	1,366	1,400
Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans		33
Total Loans	37,447	38,160
Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	264	342
Total Loans	79,767	80,661
Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Total Loans	3,258	3,388
Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Total Loans	15,654	17,032
Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Total Loans	104	128
Loans Past Due 30-89 Days [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	264	375
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
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	264	342
Financial Asset, Not Past Due [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	325,588	325,617
Financial Asset, Not Past Due [Member] | Commercial Real Estate [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	188,256	185,223
Financial Asset, Not Past Due [Member] | Commercial Land Development [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	1,366	1,400
Financial Asset, Not Past Due [Member] | Commercial Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	37,447	38,127
Financial Asset, Not Past Due [Member] | Residential Real Estate First Mortgages [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	79,503	80,319
Financial Asset, Not Past Due [Member] | Residential Real Estate Construction [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	3,258	3,388
Financial Asset, Not Past Due [Member] | Consumer Home Equity and Lines of Credit [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	15,654	17,032
Financial Asset, Not Past Due [Member] | Consumer Other [Member]
Loans, Notes and Certificates, and Loan Servicing Rights [Line Items]
Past Due / Current Loans	$ 104	$ 128

Loans - Summary of Informatio_3

Loans - Summary of Information on Non-accrual Loans (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Non Performing Loans [Line Items]
Total non-accrual loans	$ 959	$ 1,017
Total non-accrual loans to total loans	0.29%	0.31%
Total non-accrual loans to total assets	0.18%	0.19%
Residential Real Estate First Mortgages [Member]
Non Performing Loans [Line Items]
Total non-accrual loans	$ 923	$ 939
Consumer Home Equity and Lines of Credit [Member]
Non Performing Loans [Line Items]
Total non-accrual loans	$ 36	$ 78

Mortgage Servicing Rights - Add

Mortgage Servicing Rights - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Risks Inherent in Servicing Assets and Servicing Liabilities [Line Items]
Unpaid principal balance of mortgage loans serviced for others	$ 325.4		$ 332.9
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	9.60%	14.60%
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	35.80%	44.70%

Mortgage Servicing Rights - Sum

Mortgage Servicing Rights - Summary of Activity in Mortgage Servicing Rights (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Servicing Asset at Amortized Cost, Balance [Roll Forward]
Mortgage servicing rights beginning balance	$ 2,036	$ 1,806
Additions	27	203
Amortization	(75)	(231)
Decrease (increase) in valuation allowance	0	369
Mortgage servicing rights ending balance	1,988	2,147
Fair value at beginning of period	2,477	1,806
Fair value at end of period	$ 2,811	$ 2,153

Mortgage Servicing Rights - S_2

Mortgage Servicing Rights - Summary of Estimated Future Amortization Expense for Mortgage Servicing Rights (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2022	$ 235
2023	265
2024	221
2025	189
2026	163
Thereafter	915
Total	$ 1,988

Deposits - Composition of Depos

Deposits - Composition of Deposits (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Non-interest bearing checking	$ 108,096	$ 106,664
Interest bearing checking	37,215	37,467
Money market	96,725	94,823
Statement savings	67,985	64,954
Certificates of deposit	80,932	80,593
Total	$ 390,953	$ 384,501

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Certificates of Deposit (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Time Deposits, Fiscal Year Maturity [Abstract]
2022	$ 61,677
2023	17,124
2024	1,030
2025	580
2026	346
Thereafter	175
Total	$ 80,932

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Certificates of deposit with balances of $250 or more	$ 9,700	$ 10,000
Certificates of deposit federally insured	250,000	250,000
Brokered deposits	$ 0	$ 0

FEDERAL HOME LOAN BANK ADVANC_3

FEDERAL HOME LOAN BANK ADVANCES - Summary of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances [Line Items]
FHLB Advances, total	$ 58,449	$ 55,442
Fixed rate, fixed term advance, maturing February 2022 [Member]
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate		1.62%
FHLB Advances, total	$ 0	$ 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	$ 531	$ 542
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	$ 8,164	$ 8,405
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	$ 8,254	$ 8,495
Putable advance, maturing Mar 2032 first put option date Mar 2027
Federal Home Loan Bank, Advances [Line Items]
FHLB advances, interest rate	1.74%
FHLB Advances, total	$ 10,000

FEDERAL HOME LOAN BANK ADVANC_4

FEDERAL HOME LOAN BANK ADVANCES - Schedule of Maturities of Federal Home Loan Bank Advances (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, Maturity, Rolling Year, Par Value [Abstract]
2022	1.27%
2023	1.54%
2024	1.28%
2025	1.30%
2026	1.31%
Thereafter	1.22%
2022	$ 1,488
2023	8,506
2024	2,032
2025	2,059
2026	2,086
Thereafter	42,278
Total	$ 58,449	$ 55,442

FEDERAL HOME LOAN BANK ADVANC_5

FEDERAL HOME LOAN BANK ADVANCES - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
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 Federal Home Loan Bank, which provides for borrowing up to the lesser of 22.22 times the value of the Federal Home Loan Bank 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	$ 145,100	$ 147,500
Federal Home Loan Bank stock held	3,032	3,032
Available and unused funds under borrowing agreement	85,600	$ 90,900
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
Federal Fund Rate [Member] | BMO Harris Bank [Member]
Federal Home Loan Bank, Advances [Line Items]
Qualifying loans pledged as collateral	13,500
Line Of Credit At Federal Reserve	10,700
Available Borrowing Capacity	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Valuation allowance	$ 934,000,000		$ 934,000,000
Income tax expense (benefit)	(60,000)	$ 161,000
Deferred tax asset net of valuation allowance	$ 5,800,000		$ 3,800,000

Commitments and Contingencies -

Commitments and Contingencies - Summary of Contractual Amounts of Off-balance Sheet Credit Related Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 85,568	$ 78,507
Credit Enhancement Under FHLB of Chicago Mortgage Partnership Finance Program [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	1,245	1,214
Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	5,364	5,410
Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,948	3,993
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	175	175
Fixed Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	19,062	21,586
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	1,245	1,214
Fixed Rate [Member] | Commitments to Sell Loans [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	5,364	5,410
Fixed Rate [Member] | Overdraft Protection Program Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	3,948	3,993
Variable Rate [Member] | Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	66,506	56,921
Variable Rate [Member] | Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fixed Rate	$ 175	$ 175

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - Mortgage Partnership Finance Program [Member] - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Commitments	$ 813,000,000,000
Other commitments	$ 0	$ 0

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Employee Stock Ownership Plan (ESOP) Disclosures (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Shares committed to be released	4,933,000	22,401,000
Total allocated shares	37,640	15,239
Total unallocated shares	417,356	377,077
Total ESOP shares	459,929	414,717
Fair value of unallocated shares (based on $10.85 and $10.99 share price as of March 31, 2022 and December 31, 2021, respectively)	$ 4,528	$ 4,144

Employee Stock Ownership Plan_2

Employee Stock Ownership Plan - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 14, 2021	Jan. 08, 2019	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESOP Purchased	45,212	175,528,000	232,126,000
Compensation Expense			$ 51,000	$ 21,000
Fair Value of Unallocated Shares Of ESOP Share Price			$ 10.85		$ 10.99
Number of shares to be contributed to the employee stock owership plan	283,360
Employee stock ownership plan weighted average price of shares purchased	$ 11.36		$ 10.97
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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Beginning balance	$ 932	$ 1,034
Adjustments due to changes in directors, executive officers, and/or principal stockholders	0	202
New loans	4	53
Repayments	(41)	(357)
Ending balance	$ 895	$ 932

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Fees paid to law firms	$ 6,000	$ 6,000
Directors, Executive Officers and Affiliates [Member]
Related Party Transaction [Line Items]
Deposits from directors, executive officers and affiliates	$ 1,200		$ 1,100

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 132,722	$ 112,440
Marketable equity securities	3,366	3,544
Total	136,088	115,984
U.S. Treasury notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	28,006	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	20,596	20,760
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	76,515	64,149
Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6,121	6,523
Certificates of Deposit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	1,484	1,524
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	132,722	112,440
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	76,515	64,149
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity securities	3,366	3,544
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	132,722	112,440
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	28,006	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	20,596	20,760
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	6,121	6,523
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	1,484	1,524
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	3,366	3,544
Total	$ 3,366	$ 3,544

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Values and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financial assets:
Available for sale securities	$ 132,722	$ 112,440
Loans	323,686	323,789
Accrued interest receivable	1,033	948
Cash value of life insurance	13,996	13,892
FHLB stock	3,032	3,032
Marketable securities	3,366	3,544
Financial liabilities:
Deposits	390,953	384,501
Advance payments by borrowers for taxes and insurance	4,735	1,860
FHLB advances	58,449	55,442
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	50,586	66,803
Accrued interest receivable	1,033	948
Marketable securities	3,366	3,544
Financial liabilities:
Deposits	310,021	303,908
Advance payments by borrowers for taxes and insurance	4,735	1,860
Accrued interest payable	117	109
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available for sale securities	132,722	112,440
Loans held for sale	944	1,183
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans	315,013	323,182
Rate lock commitments	19	30
Cash value of life insurance	13,996	13,892
FHLB stock	3,032	3,032
Financial liabilities:
Deposits	80,322	80,473
FHLB advances	56,535	55,981
Reported Value Measurement [Member]
Financial assets:
Cash and cash equivalents	50,586	66,803
Available for sale securities	132,722	112,440
Loans held for sale	944	1,183
Loans	323,686	323,789
Rate lock commitments	19	30
Accrued interest receivable	1,033	948
Cash value of life insurance	13,996	13,892
FHLB stock	3,032	3,032
Marketable securities	3,366	3,544
Financial liabilities:
Deposits	390,953	384,501
Advance payments by borrowers for taxes and insurance	4,735	1,860
FHLB advances	58,449	55,442
Accrued interest payable	$ 117	$ 109

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
impairment Loan on mortgage servicing rights	$ 0	$ 0

Equity and Regulatory Matters -

Equity and Regulatory Matters - Schedule of Banks Actual and Required Capital Amounts and Ratios (Detail) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Text Block [Abstract]
Leverage tier 1 capital actual amount	$ 65,031	$ 65,179
Common Equity Tier 1 risk based capital actual amount	65,031	65,179
Tier 1 risk based capital actual amount	65,031	65,179
Total risk based capital actual amount	$ 68,048	$ 68,037
Leverage tier 1 capital actual ratio	0.121	0.119
Common Equity Tier 1 risk based capital actual ratio	0.183	0.194
Tier 1 risk based capital actual ratio	0.183	0.194
Total risk based capital actual ratio	0.192	0.202
Leverage tier 1 capital for capital adequacy purposes amount	$ 21,540	$ 21,838
Common Equity Tier 1 risk based capital for capital adequacy purposes amount	15,980	15,124
Tier 1 risk based capital for capital adequacy purposes amount	21,307	20,166
Total risk based capital for capital adequacy purposes amount	$ 28,409	$ 26,888
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	$ 26,925	$ 27,298
Common Equity Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	23,082	21,846
Tier 1 risk based capital to be well capitalized under prompt corrective action provisions amount	28,409	26,888
Total risk based capital to be well capitalized under prompt corrective action provisions amount	$ 35,511	$ 33,610
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

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022shares
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	189,715

Earnings Per Share - Earnings P

Earnings Per Share - Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Net income		$ (55)	$ 521	[1]
Weighted shares outstanding for basic EPS
Weighted average shares outstanding		6,275,850	4,749,287	[1]
Less: Weighted average unallocated ESOP shares		401,886	160,599	[1]
Weighted average shares outstanding for basic EPS	[2]	5,873,964	4,588,688	[1]
Additional dilutive shares	[1]		108,654
Weighted average shares outstanding for dilutive EPS		5,873,964	4,697,342	[1]
Basic income per share		$ (0.01)	$ 0.11	[1]
Diluted income per share	[2]	$ (0.01)	$ 0.11	[1]
Restated [Member]
Net income	[3]		$ 521
Weighted shares outstanding for basic EPS
Weighted average shares outstanding	[3]		6,251,486
Less: Weighted average unallocated ESOP shares	[3]		211,396
Weighted average shares outstanding for basic EPS	[3]		6,040,090
Additional dilutive shares	[3]		143,021
Weighted average shares outstanding for dilutive EPS	[3]		6,183,111
Basic income per share	[3]		$ 0.09
Diluted income per share	[3]		$ 0.08
[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 not been restated to give the retroactive recognition to the exchange ratio applied in the Conversion (1.3163) (See Note 1). Refer to Note 14 Earnings Per Share for retroactive recognition given to the exchange ratio applied in the Conversion for the three months ended March 31, 2021.
[3]	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)

Earnings Per Share - Earnings_2

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

Stock Based Compensation - Summ

Stock Based Compensation - Summary of Assumptions Used in Estimating the Fair Value of Options Granted (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2022	[1]	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Dividend yield	0.00%		0.00%
Risk-free interest rate	0.00%		0.96%
Expected volatility	0.00%		24.64%
Weighted average expected life	0 years		6 years 6 months
Weighted average per share value of options	$ 0		$ 2.76
[1]	There were no stock options granted during the three months ended March 31, 2022

Stock Based Compensation - Su_2

Stock Based Compensation - Summary of Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Schedule of share based compensation stock options activity [Line Items]
Stock options - Beginning	300,720
Stock options - Shares granted	0
Stock options - Shares exercised	0
Stock options - Shares forfeited	0
Stock options - Ending	300,720	300,720
Stock options - Options exercisable	75,835
Weighted Average Exercise Price - Beginning	$ 6.19
Weighted Average Exercise Price - Granted	0
Weighted Average Exercise Price - Exercised	0
Weighted Average Exercise Price - Forfeited	0
Weighted Average Exercise Price - Ending	6.19	$ 6.19
Weighted Average Exercise Price - Options exercisable	$ 6.15
Weighted Average Remaining Contractual Term (Years)	8 years 1 month 28 days	8 years 4 months 24 days
Weighted Average Remaining Contractual Term (Years) - Options exercisable	8 years 1 month 13 days
Aggregate Intrinsic Value - Beginning	$ 1,443,067
Aggregate Intrinsic Value - Granted	$ 0
Aggregate Intrinsic Value - Ending	$ 1,403,629	$ 1,443,067
Aggregate Intrinsic Value - Options exercisable	$ 356,984

Stock Based Compensation - Su_3

Stock Based Compensation - Summary of Stock Option Activity (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022shares
President and Chief Operating Officer [Member]
Shares granted as a nonqualified stock option inducement award	2,105

Stock Based Compensation - Su_4

Stock Based Compensation - Summary of Nonvested Stock option Activity (Detail)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Share-based Payment Arrangement [Abstract]
Nonvested | shares	248,043	[1]
Granted | shares	0	[1]
Vested | shares	(23,158)	[1]
Forfeited | shares	0	[1]
Nonvested | shares	224,885	[1]
Nonvested | $ / shares	$ 1.58
Granted | $ / shares	0
Vested | $ / shares	1.61	[1]
Forfeited | $ / shares	0
Nonvested | $ / shares	$ 1.58
[1]	Includes 2,105 shares vested under 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 Restricted Stock Unit Activity (Detail)	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Schedule Of Share Based Compensation Restricted Stock Units Award Activity [Abstract]
Nonvested | shares	97,128
Granted | shares	0
Vested | shares	(9,286)	[1],[2]
Forfeited | shares	0
Nonvested | shares	87,842
Nonvested | $ / shares	$ 6.25
Granted | $ / shares	0
Vested | $ / shares	6.56	[1],[2]
Forfeited | $ / shares	0
Nonvested | $ / shares	$ 6.21
[1]	Includes 1,310 shares surrendered by employees to cover payroll tax costs related to the vested shares.
[2]	Includes 263 shares vested under a restricted stock inducement award to the Company’s President and Chief Operating Officer.

Stock Based Compensation - Su_6

Stock Based Compensation - Summary of Restricted Stock Unit Activity (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2022shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restrcited shares vested related to shares surrenders to cover payroll taxes	1,310
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	2,105
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	263

Stock Based Compensation - Addi

Stock Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 27, 2020
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans	$ 300,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	3 years 2 months 19 days
Restricted stock [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Unrecognized compensation expense related to stock compensation plans	$ 464,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	3 years 2 months 19 days
Stock option expense recognised	$ 36,000	$ 35,000
Employee Stock Option [Member]
Share-based compensation arrangement by share-based payment award [Line Items]
Stock option expense recognised	$ 23,000
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

Leases - Schedule of Rent Commi

Leases - Schedule of Rent Commitments (Detail) $ in Thousands	Mar. 31, 2022USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 64
2023	87
2024	89
2025	91
2026	94
Thereafter	112
Amounts representing interest	(27)
Total	$ 510

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Right-of-use asset	$ 510,000
lease liability	510,000
Operating Lease Rent Expense	$ 19,000	$ 20,000