1895 Bancorp of Wisconsin Inc 2025年度报告

Consolidated Financial Statements For the Years Ended December 31, 2025 and 2024 Independent Auditor's Report To the Shareholders and the Board of Directors of 1895 Bancorp of Wisconsin, Inc.Greenfield, Wisconsin Opinion We have audited the accompanying consolidated financial statements (the ''financial statements'') of 1895Bancorp of Wisconsin, Inc. and Subsidiary (the "Company"), which comprise the consolidated balance sheets as ofDecember 31, 2025 and 2024, and the related consolidated statements of operations, comprehensive income In our opinion, the financial statements referred to above present fairly, in all material respects, the financialposition of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for Basis for Opinion We conducted our audits in accordance with auditing standards generally accepted in the United States ofAmerica ("GAAS"). Our responsibilities under those standards are further described in the Auditor’sResponsibilities for the Audit of the Financial Statements section of our report. We are required to be Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordancewith GAAP, and for the design, implementation, and maintenance of internal control relevant to the preparation In preparing the financial statements, management is required to evaluate whether there are conditions orevents, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are freefrom material misstatement, whether due to fraud or error, and to issue an auditor's report that includes ouropinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not aguarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when itexists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from In performing an audit in accordance with GAAS,we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud orerror, and design and perform audit procedures responsive to those risks. Such procedures include Obtain an understanding of internal control relevant to the audit in order to design audit procedures thatare appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raisesubstantial doubt about the Company's ability to continue as a going concern for a reasonable period of We are required to communicate with those charged with governance regarding, among other matters, theplanned scope and timing of the audit, significant audit findings, and certain internal control–related matters that Wipfli LLP Milwaukee, WisconsinMarch 11, 2026 1895 BANCORP OF WISCONSIN, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSYears Ended December 31, 2025 and 2024 NOTE 1 — Summary of Significant Accounting Policies Organization 1895 Bancorp of Wisconsin, Inc., a Maryland corporation (the “Company”, “New 1895 Bancorp”) was formed to serve as the stock holdingcompany for PyraMax Bank, FSB (the “Bank”) as part of the mutual-to-stock conversion of 1895 Bancorp of Wisconsin, MHC. Uponcompletion of the conversion, which occurred on July 14, 2021, 1895 Bancorp of Wisconsin, MHC and 1895 Bancorp of Wisconsin, afederal corporation (“Old 1895 Bancorp”) ceased to exist and New 1895 Bancorp became the successor corporation to Old 1895 Bancorp.The conversion was accomplished by the merger of 1895 Bancorp of Wisconsin, MHC with and into Old 1895 Bancorp followed by themerger of Old 1895 Bancorp with and into New 1895 Bancorp. The shares of New 1895 Bancorp common stock that were offered for sale inconnection with the conversion represented the majority ownership interest in Old 1895 Bancorp owned by 1895 Bancorp of Wisconsin, In connection with the conversion and applicable federal regulations, the Company and the Bank established liquidation accounts which aremaintained for the benefit of eligible deposit account holders of the Bank who continue to maintain their accounts at the Bank. Theliquidation accounts are reduced annually to the extent that eligible holders have reduced their qualifying deposits. Subsequent increases donot restore an eligible account holder’s interest in the liquidation account. In the event of a complete liquidation by the Ban