EWSB Bancorp (OTCQB: EWSB) is a Maryland-chartered bank holding company that owns 100% of East Wisconsin Savings Bank, a community savings bank headquartered in Kaukauna, Wisconsin. The company makes money through net interest income, the spread between interest earned on loans and securities and interest paid on deposits and borrowed funds. Net interest income was $4.6 million for the year ended December 31, 2025, up from $3.4 million for the year ended December 31, 2024, with a net interest margin of 1.74% in FY2025 versus 1.35% in FY2024. At December 31, 2025, the company had consolidated assets of $271.0 million, consolidated deposits of $217.3 million, and consolidated stockholders equity of $13.2 million. EWSB completed its initial public offering on September 20, 2024, selling 752,538 shares at $10.00 per share for gross proceeds of approximately $7.5 million in connection with converting from a mutual holding company structure. The Bank carries a net operating loss carryforward of $11.4 million as of December 31, 2025 and operates under a Memorandum of Understanding with the FDIC.

Revenue model

Net interest income from loans, investment securities, and interest-earning cash assets, funded by deposits and borrowed funds. Interest rate spread was 1.65% for FY2025. Secondary income sources from the filing excerpts are not specified.

Products and services

Deposit accounts including interest-bearing demand deposits, savings deposits, money market accounts, and certificates of deposit. Loans including one- to four-family residential real estate, multifamily, and commercial real estate. Investment securities held as available-for-sale and held-to-maturity debt securities.

Customers and end markets

Retail and commercial deposit customers. Residential and commercial real estate borrowers in the Kaukauna, Wisconsin area. No customer concentration data disclosed in the filing excerpts.

Value-chain role

Community savings bank operating as a deposit-taking and loan-originating institution. Parent holding company EWSB Bancorp is regulated by the Federal Reserve Board; subsidiary East Wisconsin Savings Bank is regulated by the FDIC and the Wisconsin Department of Financial Institutions.

Geographic exposure

Operations conducted primarily in Kaukauna, Wisconsin. Corporate offices at 109 West Second Street, Kaukauna, Wisconsin 54130.

Source: SEC 10-K, filed 2026-03-25

Industry: Savings Institutions, Not Federally Chartered