1895 Bancorp of Wisconsin, Inc., Greenfield, Wisconsin Announces Second Quarter Operating Results
GREENFIELD, Wis., July 21, 2021 /PRNewswire/ -- 1895 Bancorp of Wisconsin, Inc. Greenfield, Wisconsin (NASDAQ: BCOW) today reported a fiscal second quarter net loss of
Total assets increased
Contact: Richard B. Hurd
Telephone: (414) 235-5207
SELECTED CONSOLIDATED FINANCIAL INFORMATION | ||||||||||
(In Thousands, except per share data) | ||||||||||
6/30/2021 | 12/31/2020 | |||||||||
Selected Financial Condition Data: | (Unaudited) | |||||||||
Total assets | $ 605,577 | $ 516,757 | ||||||||
Loans receivable, net | 330,903 | 329,073 | ||||||||
Allowance for loan losses | 2,732 | 2,703 | ||||||||
Cash and cash equivalents | 145,817 | 92,526 | ||||||||
Deposits | 466,184 | 379,848 | ||||||||
Advance payments by borrowers for taxes and insurance | 9,167 | 2,737 | ||||||||
FHLB advances | 63,423 | 68,398 | ||||||||
Shareholders equity | 60,300 | 60,008 | ||||||||
Selected Operations Data: | Three months ended | Six months ended | ||||||||
6/30/2021 | 6/30/2020 | 6/30/2021 | 6/30/2020 | |||||||
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||
Total interest income | $ 3,511 | $ 3,586 | $ 7,128 | $ 7,446 | ||||||
Total interest expense | 393 | 815 | 849 | 1,774 | ||||||
Net interest income | 3,118 | 2,771 | 6,279 | 5,672 | ||||||
Provision for loan losses | - | - | - | - | ||||||
Net interest income after provision for loan losses | 3,118 | 2,771 | 6,279 | 5,672 | ||||||
Non-interest income | 1,134 | 1,623 | 2,743 | 2,229 | ||||||
Non-interest expense | 4,361 | 3,975 | 8,450 | 7,048 | ||||||
Income before income taxes | (109) | 419 | 572 | 853 | ||||||
Income tax expense | (58) | 225 | 102 | 372 | ||||||
Net income | $ (51) | $ 194 | $ 470 | $ 481 | ||||||
Earnings per common share | ||||||||||
Basic | $ (0.01) | $ 0.04 | $ 0.10 | $ 0.11 | ||||||
Diluted | $ (0.01) | $ 0.04 | $ 0.10 | $ 0.11 |
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SOURCE PyraMax Bank / 1895 Bancorp of Wisconsin, Inc.