Here are the 10-K annual reports from Waterstone Financial, Inc. (WSBF) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow WSBF and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WSBF filings page.
Waterstone Financial, Inc. reports on its community banking and nationwide mortgage operations for the year ended December 31, 2025. The company had 18,359,930 common shares outstanding and a public float valued at about $246.2 million as of mid‑2025.
WaterStone Bank’s loan portfolio totaled $1.68 billion, concentrated in multi-family (45.3%), one‑ to four‑family (29.0%) and commercial real estate (19.5%) loans, with an overall yield of 5.67%. Non‑accrual loans were $6.2 million, only 0.37% of total loans, and nonperforming assets were 0.29% of total assets.
The allowance for credit losses on loans was $17.5 million, equal to 1.04% of loans and 283.04% of non‑accrual loans, after a negative provision of $0.9 million and net recoveries. Deposits averaged $1.41 billion with a cost of funds of 3.09%, while Federal Home Loan Bank and other borrowings averaged $423.9 million at a 3.74% rate.