Waterstone Financial, Inc.

Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB, providing financial services to customers in southeastern Wisconsin, United States. The company operates through two segments: Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, including checking, credit, debit, and pre-paid cards, online banking, bill pay, and money transfer services. It also provides savings, money market deposits, individual retirement accounts, and certificates of deposit. Lending products in this segment include residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit. Additionally, it offers fixed and variable annuities, insurance products, and trust and investment management accounts. This segment also handles transaction deposits, interest-bearing transaction accounts, demand deposits, non-interest-bearing demand accounts, and time deposits, along with secured and unsecured lines, commercial real estate construction loans, term loans for working capital, inventory, and general corporate use, and personal term loans and investment services. The Mortgage Banking segment focuses on originating residential mortgage loans for sale in the secondary market. Waterstone Financial, Inc. also invests in a portfolio of securities, which includes mortgage-backed securities, government-sponsored and private-label enterprise bonds, collateralized mortgage obligations, municipal obligations, and other debt securities. The company was founded in 1921 and is based in Wauwatosa, Wisconsin.