Waterstone Financial, Inc. Receives Top Ranking in Bank Director’s 2021 Bank Performance Scorecard

Rhea-AI Summary

Waterstone Financial, Inc. achieved the top ranking in Bank Director’s 2021 Bank Performance Scorecard, which evaluates the largest U.S. exchange-traded banks based on profitability, asset quality, and capital adequacy.

This recognition underscores the bank's strong performance, notably in its mortgage segment, which originated a record $4.5 billion in residential home loans. Additionally, the community banking division reported a 47% growth in transactional core deposits. The bank launched a new digital banking platform and opened its 14th branch during its 100th anniversary.

Positive

• Ranked number one in Bank Director’s 2021 Bank Performance Scorecard.
• Achieved record financial results amid the pandemic, with $4.5 billion in home loans.
• 47% growth in transactional core deposits in the community banking segment.
• Launched an innovative digital banking platform in 2020.
• Opened its 14th branch office in Milwaukee.

Negative

• None.

WAUWATOSA, Wis., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. today announced that it received the number one ranking in Bank Director’s 2021 Bank Performance Scorecard.

Bank Director’s Scorecard annually ranks the 300 largest exchange-traded banks in the United States based on the previous year’s performance. It uses five metrics that speak to profitability, asset quality and capital adequacy to score a bank’s performance. This year, the top 25 list of banks was dominated by community banks.

“Receiving the top ranking out of 300 banks is an honor that can only be achieved from the work each and every one of our dedicated employees does to create value for our customers, investors, and our community,” said Doug Gordon, President/CEO of WaterStone Bank. “2021 marks the 100th Anniversary of WaterStone Bank, and this recognition demonstrates that we continue to stand strong as a community bank.”

Despite the pandemic in 2020, Waterstone Financial, Inc. had record financial results, led by its mortgage banking segment originating a record $4.5 billion in residential home loans. The bank’s community banking segment also added excellent operating results with 47% growth in transactional core deposits. The bank launched a new robust and innovative digital banking platform for businesses and customers in 2020, and opened its first branch office in the City of Milwaukee – its 14^th branch overall.

About Waterstone Financial, Inc.

Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank. WaterStone Bank was established in 1921 and offers a full suite of personal and business banking products. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Greenfield/Loomis Rd, Milwaukee/Oklahoma Ave, Oak Creek/27th St, Oak Creek/Howell Ave, Oconomowoc/Lake Country, Pewaukee, Waukesha, West Allis/Greenfield Ave, and West Allis/National Ave, Wisconsin. WaterStone Bank is the parent company to Waterstone Mortgage, which has the ability to lend in 48 states. For more information about WaterStone Bank, go to http://www.wsbonline.com.

Contact: Amy Saari
Community Relations Coordinator
414-459-4183
amysaari@wsbonline.com  

FAQ

What did Waterstone Financial announce on August 2, 2021?

Waterstone Financial announced that it received the top ranking in Bank Director’s 2021 Bank Performance Scorecard.

How much did Waterstone Financial originate in residential home loans in 2020?

Waterstone Financial originated a record $4.5 billion in residential home loans in 2020.

What growth did Waterstone Financial’s community banking segment achieve?

The community banking segment of Waterstone Financial experienced a 47% growth in transactional core deposits.

What new services did Waterstone Financial launch in 2020?

In 2020, Waterstone Financial launched a new digital banking platform for businesses and customers.

How many branches does Waterstone Bank have as of August 2021?

As of August 2021, Waterstone Bank has a total of 14 branches.