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11200 West Plank Court
Wauwatosa, WI 53226

WaterStone Bank, SSB is headquartered in Wauwatosa and is the 7th largest bank in the state of Wisconsin. It is also the 397th largest bank in the nation. It was established in 1921 and as of March of 2014, it had grown to 855 employees at 11 locations. WaterStone Bank, SSB has a A health rating.

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5 Days Only - WaterStone Bank (WI) 11-Month and 19-Month CD Specials - 8/12/2014

WaterStone Bank, SSB, is offering two CD Specials: 11-month CD (1.00% APY) and 19-month CD (1.15% APY). These rates are guaranteed only from August 11-16, 2014.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 WaterStone Bank, SSB had $69.86 million in non-current loans and owned real-estate with $356.61 million in equity and loan loss allowances on hand to cover it. This gives WaterStone Bank, SSB a Texas Ratio of 19.59% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for WaterStone Bank, SSB decreased dramatically from 42.27% as of March 31, 2013 to 19.59% as of March 31, 2014, resulting in a positive change of 53.66%.This indicates that the balance sheet and financial strength for WaterStone Bank, SSB has improved dramatically in recent periods.

Deposit Growth


In the past year, WaterStone Bank, SSB has increased its total deposits by $42.2 million, resulting in 4.55% 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.



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 $1.76 billion in assets with $356.61 million in equity, resulting in a capitalization level of 20.29%, which is excellent.

Institution Statistics

FDIC Certificate #28513
Year Established1921
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.76 billion
Loans$1.19 billion
Deposits$969.57 million
Equity Capital$333.22 million
Loan Loss Allowance$23.39 million
Unbacked Noncurrent Loans$47.32 million
Real Estate Owned$22.54 million
Historic Data - March 2013
Assets$1.62 billion
Equity Capital$199.61 million
Loan Loss Allowance$29.30 million
Unbacked Noncurrent Loans$47.32 million
Real Estate Owned$30.80 million
Profit Margin - Quarterly
Net Interest Margin2.26%
Return on Assets0.4%
Return on Equity2.74%
Interest Income$15.02 million

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WaterStone Bank, SSB Savings Account Rates

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

WaterStone Bank, SSB Money Market Rates

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

WaterStone Bank, SSB Checking Account Rates

0.05%--Non Profit Community Checking
0.05%$10k-Municipal Checking
0.01%--Business Interest Checking

WaterStone Bank, SSB CD Rates

1.15%$5k-21 Month CD Special
1.00%$1k-5 Year CD
1.00%$5k-15 Months CD Special
0.80%$1k-4 Year CD
0.75%$5k-11 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

1.15%$5k-21 Month IRA Special
1.00%$500-5 Year IRA
1.00%$2,500-15 Months IRA Special
0.80%$500-4 Year IRA
0.75%$5k-11 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

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