EWSB Bancorp Reports $3.34 Million Net Loss in Q3 2025, Total Assets Rise to $280.21 Million

EWSB Bancorp, Inc. reported a net loss of $3.34 million for the third quarter of 2025, a significant increase from a loss of $331,549 in the same period last year. The company's total interest income rose to $2.86 million, up 15.8% from $2.47 million in the prior year, primarily driven by a $378,000 increase in interest and fees on loans. The weighted average yield on the loan portfolio increased to 5.06%, compared to 4.82% in the previous year. However, total noninterest income decreased by 15.3% to $432,055, largely due to declines in service charges and gains on interest rate swaps.

In terms of overall financial performance, EWSB Bancorp's total assets increased by 2.5% to $280.21 million as of September 30, 2025, compared to $273.31 million at the end of 2024. This growth was primarily attributed to a $10.5 million increase in net loans, which rose to $196.87 million, reflecting strong loan production that outpaced payoffs. Conversely, total deposits decreased by 5.3% to $219.14 million, with a notable decline in interest-bearing deposits, which fell by approximately $13.9 million.

The company also experienced a significant increase in borrowed funds, which rose to $44.82 million from $24.2 million at the end of 2024. This increase was utilized to support loan growth and offset the decline in brokered deposits. EWSB Bancorp's stockholders' equity decreased to $12.88 million, down from $15.63 million, primarily due to the net loss incurred during the period. The accumulated other comprehensive loss improved by $1.4 million, reflecting an increase in the market value of the investment portfolio.

Looking ahead, EWSB Bancorp is focused on improving its liquidity and capital resources, particularly in light of its regulatory capital requirements. The company is currently categorized as "well capitalized" under federal regulations, but it operates under a memorandum of understanding with the Wisconsin Department of Financial Institutions and the FDIC, which requires it to maintain certain capital ratios. The bank's net worth ratio was reported at 4.60%, below the 6.0% minimum required by Wisconsin law. Management is actively working to enhance its capital position and liquidity through various strategies, including increasing core deposits and managing interest rate risk effectively.