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414-761-1000
11200 West Plank Court
Wauwatosa, WI 53226

WaterStone Bank, SSB is headquartered in Wauwatosa and is the 5th largest bank in the state of Wisconsin. It is also the 363rd largest bank in the nation. It was established in 1921 and as of December of 2013, it had grown to 849 employees at 10 locations. WaterStone Bank, SSB has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 WaterStone Bank, SSB had $73.62 million in non-current loans and owned real-estate with $229.62 million in equity and loan loss allowances on hand to cover it. This gives WaterStone Bank, SSB a Texas Ratio of 32.06% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for WaterStone Bank, SSB decreased dramatically from 48.85% as of December 31, 2012 to 32.06% as of December 31, 2013, resulting in a positive change of 34.36%.This indicates that the balance sheet and financial strength for WaterStone Bank, SSB has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, WaterStone Bank, SSB has increased its total deposits by $305.55 million, resulting in 31.79% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth WaterStone Bank, SSB has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. WaterStone Bank, SSB has $1.94 billion in assets with $229.62 million in equity, resulting in a capitalization level of 11.85%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28513
Year Established1921
Employees849
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.94 billion
Loans$1.17 billion
Deposits$1.27 billion
Equity Capital$205.78 million
Loan Loss Allowance$23.84 million
Unbacked Noncurrent Loans$50.96 million
Real Estate Owned$22.66 million
Historic Data - December 2012
Assets$1.66 billion
Equity Capital$195.45 million
Loan Loss Allowance$31.04 million
Unbacked Noncurrent Loans$50.96 million
Real Estate Owned$35.97 million
Profit Margin - Quarterly
Net Interest Margin2.7%
Return on Assets0.86%
Return on Equity7.18%
Interest Income$62.94 million
Rates

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WaterStone Bank, SSB Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$75k-High Yield Relationship Savings
0.05%$1k-High Yield Savings
0.05%$5k-Health Savings Account
0.01%--Savings
0.01%--Purpose Savings
0.01%--Business Savings
0.01%--IRA

WaterStone Bank, SSB Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-iMoneyMarket Plus
0.15%$50k-Business iMoneyMarket Plus
0.05%$10k-iMoneyMarket
0.05%$2,500-Business Money Market

WaterStone Bank, SSB Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$100k-Loyalty
0.05%--Non Profit Community Checking
0.05%$10k-Municipal Checking
0.01%$2,500-Relationship
0.01%--Business Interest Checking

WaterStone Bank, SSB CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-5 Year CD
1.00%$5k-25 Month CD Special
0.80%$1k-4 Year CD
0.75%$5k-13 Month CD Special
0.60%$1k-3 Year CD
0.40%$1k-2 Year CD
0.20%$1k-1 Year CD
0.10%$1k-6 Month CD

WaterStone Bank, SSB IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-5 Year IRA
1.00%$5k-25 Month IRA Special
0.80%$500-4 Year IRA
0.75%$5k-13 Month IRA Special
0.60%$500-3 Year IRA
0.40%$500-2 Year IRA
0.20%$500-1 Year IRA
0.10%$500-6 Month IRA
Locations


WaterStone Bank, SSB Locations
West Allis Branch10101 West Greenfield AvenueWest Allis, WI 53214
Waterstone Bank, SSB11200 West Plank CourtWauwatosa, WI 53226
George Towne Drive Branch1230 George Towne DrivePewaukee, WI 53072
Oconomowoc Branch1239-45 Oconomowoc DriveOconomowoc, WI 53066
Brookfield Branch21505 Highway 18Brookfield, WI 53005
Franklin Branch6555 South 108th StreetFranklin, WI 53132
Oak Creek Branch6560 S 27th StreetOak Creek, WI 53154
State Street Drive Up Facility Branch7136 West State StreetWauwatosa, WI 53213
Wauwatosa State Street Office7500 West State StreetWauwatosa, WI 53213
Germantown BranchW188 N9820 Appleton AveGermantown, WI 53022