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June 02, 2015 4:52 AM ET

Banks

Company Overview of Westbury Bancorp, Inc.

Company Overview

Westbury Bancorp, Inc. operates as a federal savings and loan holding company for Westbury Bank that provides various banking and financial products and services. The company offers deposit accounts, such as non-interest-bearing and interest-bearing checking accounts, passbook and statement savings accounts, variable rate money market accounts, certificates of deposit, and term certificate accounts. Its loan portfolio includes one-to four-family residential real estate loans, commercial real estate loans, commercial business loans, and multi-family loans, as well as consumer loans comprising home equity lines of credit, construction loans, and automobile loans. The company serves individuals...

200 South Main Street

West Bend, WI 53095

United States

Founded in 1926

127 Employees

Phone:

262-334-5563

Fax:

262-334-5306

Key Executives for Westbury Bancorp, Inc.

Chairman, Chief Executive Officer, Chairman of Westbury Bank and Chief Executive Officer of Westbury Bank
Age: 64
Total Annual Compensation: $286.7K
President, Chief Operating Officer, President of Westbury Bank and Chief Operating Officer of Westbury Bank
Age: 44
Total Annual Compensation: $181.7K
Chief Financial Officer, Senior Vice President, Chief Financial Officer of Westbury Bank and Senior Vice President of Westbury Bank
Age: 50
Total Annual Compensation: $172.9K
Compensation as of Fiscal Year 2014.

Westbury Bancorp, Inc. Key Developments

Westbury Bancorp, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Westbury Bancorp, Inc. announced earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported interest and dividend income of $5,120,000 compared to $4,472,000 a year ago. Net interest income was $4,660,000 compared to $4,073,000 a year ago. Income before income tax expense was $749,000 compared to loss before income tax expense of $3,014,000 a year ago. Net income was $484,000 compared to net loss of $1,799,000 a year ago. Return on average assets was 0.31% compared to negative return on average assets of 1.32% a year ago. Return on average equity was 2.27% compared to negative return on average equity of 7.91% a year ago. Book value per share was $19.1 compared to $18.84 a year ago. For the six months, the company reported interest and dividend income of $10,000,000 compared to $8,998,000 a year ago. Net interest income was $9,111,000 compared to $8,175,000 a year ago. Income before income tax expense was $1,419,000 compared to loss before income tax expense of $2,948,000 a year ago. Net income was $931,000 compared to net loss of $1,731,000 a year ago. Return on average assets was 0.31% compared to negative return on average assets of 0.63% a year ago. Return on average equity was 2.16% compared to negative return on average equity of 3.80% a year ago. Book value per share was $19.1 compared to $18.85 a year ago.

Westbury Bancorp, Inc. Announces Earnings Results for the Three Months Ended December 31, 2014

Westbury Bancorp, Inc. announced earnings results for the three months ended December 31, 2014. For the period, the company reported interest and dividend income of $4,880,000 compared to $4,526,000 a year ago. Net interest income was $4,451,000 compared to $4,102,000 a year ago. Income before income tax expense was $670,000 compared to $66,000 a year ago. Net income was $447,000 compared to $68,000 a year ago. Return on average assets was 0.31% compared to 0.05% a year ago. Return on average equity was 2.05% compared to 0.30% a year ago. Net income per common share was $0.10 compared to $0.01 a year ago. Book value per share - excluding unallocated ESOP shares was $18.61 compared to $19.09 a year ago. Book value per share - including unallocated ESOP shares was $17.24 compared to $17.64 a year ago.

Westbury Bancorp, Inc. and Westbury Bank to Appoint Greg J. Remus as President, Effective January 1, 2015

The Board of Directors of Westbury Bancorp, Inc. appointed Greg J. Remus President of the Company and its subsidiary, Westbury Bank, effective January 1, 2015. Remus will continue to serve as Chief Operating Officer of the Company and the Bank and Senior Vice President of Lending of the Bank.

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