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Last $12.90 USD
Change Today +0.06 / 0.47%
Volume 112.1K
WSBF On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

11200 West Plank Court

Wauwatosa, WI 53226

United States

Phone: 414-761-1000

Fax:

Waterstone Financial, Inc. operates as the holding company for WaterStone Bank SSB that provides various banking services. The company conducts its community banking business from nine banking offices located in Milwaukee, Washington, and Waukesha counties, Wisconsin, as well as a loan production office in Maple Grove, Minnesota. Market Area The company’s market area is defined as the Milwaukee, Wisconsin metropolitan market, which is located in the southeast corner of the state. Its primary market area is Milwaukee and Waukesha counties, and the five surrounding counties of Ozaukee, Washington, Jefferson, Walworth, and Racine. The company has four branch offices in Milwaukee County, four branch offices in Waukesha County, and one branch office in Washington County. Lending Activities The company’s principal lending activity is originating one- to four-family and multi-family residential real estate loans for retention in its portfolio. The company also offers home equity loans and lines of credit, construction and land loans, commercial real estate and commercial business loans, and consumer loans. Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market. One- to Four-Family Residential Mortgage Loans: The company’s primary lending activity is originating residential mortgage loans secured by properties located in Milwaukee and surrounding counties. Its adjustable-rate mortgage loans amortize through terms of approximately 30 years. Multi-family Real Estate Loans: These loans are secured by properties located in the company’s primary market area. Multi-family real estate loans are offered with interest rates that are fixed for periods of approximately five years or are variable and either adjust based on a market index or at its discretion. Home Equity Loans and Lines of Credit: The company also offers home equity loans and home equity lines of credit, both of which are secured by owner-occupied and non-owner occupied one- to four-family residences. Its home equity lines of credit have 10-year terms and adjustable rates of interest. Residential Construction and Land Loans: The company originates construction loans to individuals and contractors for the construction and acquisition of single and multi-family residences. Commercial Real Estate Loans: Commercial real estate loans are made up of loans secured by office and retail buildings, churches, restaurants, other retail properties, and mixed use properties. These loans are secured by property located in the company’s primary market area. Its commercial real estate underwriting policies provide that such real estate loans might be made in amounts of approximately 80% of the appraised value of the property. Commercial Loans: Commercial loans are made up of loans secured by accounts receivable, inventory, equipment, and real estate. The company’s commercial loans are made to borrowers that are located in its primary market area. Working capital lines of credit are granted for the purpose of carrying inventory and accounts receivable or purchasing equipment. Commercial business loans are variable rate loans with initial fixed rate periods of approximately five years. These loans amortize approximately 15 to 25 years. Investment Securities The company’s investment securities portfolio principally includes mortgage-backed securities, government-sponsored enterprise bonds, and municipal obligations. Deposits The company’s deposit offerings include certificates of deposit, money market savings accounts, transaction deposit accounts, non-interest bearing demand accounts, and individual retirement accounts. Subsidiary Activities Wauwatosa Investments, Inc.: Wauwatosa Investments, Inc. operates in Nevada as the bank's investment subsidiary. This wholly-owned subsidiary owns and manages the majority of the consolidated investment portfolio. Waterstone Mortgage Corporation: The bank has a mortgage banking subsidiary, Waterstone Mortgage Corporation, which has 21 offices in Wisconsin; 11 offices in Florida; 10 offices in Pennsylvania; 8 offices in Minnesota; 6 offic

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Industry Analysis

WSBF

Industry Average

Valuation WSBF Industry Range
Price/Earnings 27.1x
Price/Sales 2.8x
Price/Book 0.9x
Price/Cash Flow 25.1x
TEV/Sales NM Not Meaningful
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