Name | Value |
---|---|
Revenues | 35.3M |
Cost of Revenue | 0.0M |
Gross Profit | 35.3M |
Operating Expense | -30.2M |
Operating I/L | 5.1M |
Other Income/Expense | -3.6M |
Interest Income | 24.2M |
Pretax | 5.1M |
Income Tax Expense | 1.1M |
Net Income/Loss | 4.0M |
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB, providing consumer and business banking products and services in southeastern Wisconsin. Its Community Banking segment offers deposit and transactional solutions, investable funds, residential mortgages, home equity loans, and various lending products. The Mortgage Banking segment provides residential mortgage loans for sale in the secondary market. The company also invests in a portfolio of securities, including mortgage-backed securities and government-sponsored bonds. With 14 full-service banking offices and a range of financial products, Waterstone Financial generates revenue through interest income, fees, and investment returns.