Waterstone Bank
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Data as of · sourced from FFIEC call reports. How we update
Waterstone Bank is an FDIC-insured savings bank headquartered in Wauwatosa, WI, established in 1921 (FDIC certificate 28513), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.25B, down 0.1% from Q2 2025, the 13th largest of 153 banks headquartered in Wisconsin. Its CET1 capital ratio was 18.66% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Savings bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 28513
- Headquarters
- Wauwatosa, WI
- Established
- 1921
- Total assets, Q2 2026
- $2.25B
- Assets vs Q2 2025
- -0.1%
- CET1 ratio, Q2 2026
- 18.66%
- Domestic offices
- 16 FDIC institution directory, current count
- Routing number
- 275071770
- Latest call report
- Q2 2026, FFIEC 041 · Waterstone Bank call report
- Holding company
- WATERSTONE FINANCIAL, INC.
- Asset rank in state
- 13th of 153 in Wisconsin
Waterstone Bank carries far more capital than most banks of its size. It reported $2.3 billion in assets at June 30, 2026. It funds 15.43% of its assets with Tier 1 capital, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). On the other hand, it pays an average of 2.89% on its deposits and borrowings, higher than about three-quarters of banks its size (median 2.01%).
Costs are the weak spot: it spends about 73 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 58 cents).
As of June 30, 2026, Waterstone Bank reported a CET1 capital ratio of 18.66%, a return on assets of 1.51%, a nonperforming-loan ratio of 0.36% and a Texas ratio of 1.97%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Waterstone Bank is the 13th largest of the 153 banks headquartered in Wisconsin. From Q1 2026 to Q2 2026, its total assets were flat, loans rose 0.4% and deposits rose 0.3%. The largest part of its loan book on June 30, 2026 was multifamily loans, at 42.6% of total loans, ahead of 1-4 family residential loans at 34.2%. The FDIC Summary of Deposits lists 16 offices for it, in 11 cities in WI; its Wauwatosa 3 offices book 20% of its branch deposits. By the capital ratios in its Q2 2026 call report, Waterstone Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 11200 W Plank Ct, Wauwatosa, WI 53226
- County
- Milwaukee
- Metro Area
- Milwaukee-Waukesha, WI
- Charter
- State-chartered stock savings bank, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- —
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1921
- Former names
- WaterStone Bank, SSB (2008); Wauwatosa Savings Bank (1994-2008)
- Domestic offices
- 16 FDIC institution directory, current count
- Employees (FTE)
- 607
- Domestic deposits
- $1.47B
- Allowance for credit losses
- $17.9M
- Net charge-offs (YTD)
- -$27K
- Average total assets
- $2.23B
- Average total loans
- $1.80B
- Average interest-bearing deposits
- $1.37B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 28513
- Fed RSSD
- 310978
- SEC CIK
- 1569994 → filed by WATERSTONE FINANCIAL, INC.
- Website
- www.wsbonline.com →
- Parent Holding Company
- WATERSTONE FINANCIAL, INC. (RSSD 4523431) · WSBF
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Douglas S Gordon | CEO | CEO |
| Jeffrey R Mcguiness | PRES | Subsidary President |
| Gerke Mark Raymond | CFO | EVP/Chief Financial Officer |
| William F Bruss | COO | COO/General Counsel |
| Ryan J Gordon | CCO | EVP/Chief Credit Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Waterstone Bank's total assets ran between $2.17B (Q1 2025) and $2.29B (Q2 2024), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.25B total assets against $2.26B; $1.92B total liabilities against $1.93B.
$1.82B net loans and leases against $1.81B; $1.47B total deposits against $1.43B.
$237.6M securities against $219.0M; $37.9M cash and balances due against $70.6M.
$29.9M total interest income against $28.9M; $13.6M total interest expense against $15.0M.
$16.3M net interest income against $13.9M.
$23.9M total noninterest income against $24.1M; $29.3M total noninterest expense against $28.4M.
$236K provision for credit losses against -$9K.
$8.4M net income against $7.7M.
1.51% return on assets against 1.38%; 3.09% net interest margin against 2.64%.
18.66% CET1 capital ratio against 18.98%; 15.43% tier 1 leverage ratio against 15.35%.
Inside the full Waterstone Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Waterstone Bank rankings
Its closest position to the top of a national ranking is 542 of 4,196, for total assets; its furthest is 2,915 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.56% (Q1 2025) to 1.51% (Q2 2026) and its net interest margin ran from 2.19% (Q3 2024) to 3.09% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 18.66% | 1.51% | 0.36% | 1.97% | 3.09% |
| Q1 2026 | 19.24% | 1.08% | 0.41% | 2.19% | 2.98% |
| Q4 2025 | 19.47% | 1.34% | 0.34% | 1.86% | 2.99% |
| Q3 2025 | 18.78% | 1.41% | 0.32% | 1.74% | 2.83% |
| Q2 2025 | 18.98% | 1.38% | 0.45% | 2.41% | 2.64% |
| Q1 2025 | 19.60% | 0.56% | 0.42% | 2.18% | 2.53% |
| Q4 2024 | 19.21% | 0.91% | 0.31% | 1.78% | 2.49% |
| Q3 2024 | 18.85% | 0.82% | 0.29% | 1.60% | 2.19% |
Swipe the table sideways to see every column.
Branch Network
View all 16 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Wauwatosa State Street Office | Wauwatosa , WI | 53213 | $295.9M |
| Oak Creek Branch | Oak Creek , WI | 53154 | $206.0M |
| Waukesha Branch | Brookfield , WI | 53045 | $177.6M |
| Franklin Branch | Franklin , WI | 53132 | $133.3M |
| Germantown Branch | Germantown , WI | 53022 | $122.9M |
| George Towne Drive Branch | Pewaukee , WI | 53072 | $93.2M |
| Greenfield Branch | Greenfield , WI | 53220 | $81.5M |
| Brookfield Wi Branch | Brookfield , WI | 53045 | $71.4M |
| Fox Point Branch | Fox Point , WI | 53217 | $60.9M |
| West Allis Branch | West Allis , WI | 53214 | $60.7M |
| Oconomowoc Branch | Oconomowoc , WI | 53066 | $55.3M |
| Howell | Oak Creek , WI | 53154 | $54.7M |
| National | West Allis , WI | 53227 | $34.7M |
| Oklahoma Branch | Milwaukee , WI | 53219 | $21.9M |
| State Street Drive Up Facility Branch | Wauwatosa , WI | 53213 | $0 |
| Waterstone Bank, Ssb | Wauwatosa , WI | 53226 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in WI, rank 20 of 185 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 141 applications, 91 loans originated, $147.6M originated, across 15 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $190K approved, $190K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Waterstone Bank
What are Waterstone Bank's total assets?
As of the Q2 2026 filing, Waterstone Bank reported total assets of $2.25 billion in its FFIEC call report.
Where is Waterstone Bank headquartered?
It is headquartered in Wauwatosa, WI, United States.
When was Waterstone Bank founded?
It was established in 1921, per the FDIC institution directory.
Is Waterstone Bank FDIC-insured?
Yes. It is an FDIC-insured savings bank (FDIC Certificate #28513). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Waterstone Bank?
Waterstone Bank's primary federal regulator is the FDIC.
What is Waterstone Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 18.66% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Waterstone Bank operate?
It operates 16 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Waterstone Bank's Texas Ratio?
Its Texas Ratio is 1.97% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Waterstone Bank previously called?
The charter now named Waterstone Bank has also operated as WaterStone Bank, SSB (2008), Wauwatosa Savings Bank (1994-2008), per FDIC structure-change records.
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