Waterstone Financial, Inc. (WSBF)

12.29 +0.74 (+6.41%) At close: 04:00PM EDT

Waterstone Financial, Inc.

11200 West Plank Court
Wauwatosa, WI 53226
United States
414 761 1000
https://www.wsbonline.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 698

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. William F. Bruss	CEO, President, General Counsel, Secretary & Director	636.47k	N/A	1970
Mr. Mark Raymond Gerke	Executive VP, CFO & Chief Accounting Officer	447.27k	N/A	1975
Ms. Julie A. Glynn	Executive Vice President	413.01k	N/A	1964
Mr. Ryan J. Gordon	Executive VP & Chief Credit Officer	404.67k	N/A	1987
Mr. Jeffrey R. McGuiness	President & CEO of Waterstone Mortgage Corporation	461.21k	N/A	1966
Mr. Kyle J. Mertz	Controller	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers consumer and business banking products and services, such as deposit and transactional solutions, including checking accounts, online banking and bill pay services, money transfer services, as well as credit, debit, and pre-paid cards; investable funds solutions comprising savings, money market deposits, individual retirement accounts, and certificates of deposit; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; and fixed and variable annuities, insurance products, and trust and investment management accounts. It also provides transaction deposits, interest bearing transaction accounts, demand deposits, non-interest-bearing demand accounts, and time deposits; 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 offers residential mortgage loans for the purpose of sale in the secondary market. It also invests in a portfolio of securities include mortgage-backed securities, government-sponsored and private-label enterprise bonds, collateralized mortgage and municipal obligations, and other debt securities. The company was formerly known as Wauwatosa Holdings, Inc. and changed its name to Waterstone Financial, Inc. in August 2008. The company was founded in 1921 and is based in Wauwatosa, Wisconsin.

Corporate Governance

Waterstone Financial, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 5; Board: 4; Shareholder Rights: 7; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.