2024 Q4 Form 10-Q Financial Statement

#000143774924033139 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $29.19M
YoY Change 10.67%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $762.0K
YoY Change 8.86%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $5.886M
YoY Change 56.83%
Income Tax $1.158M
% Of Pretax Income 19.67%
Net Earnings $4.728M
YoY Change 45.34%
Net Earnings / Revenue 16.2%
Basic Earnings Per Share $0.26
Diluted Earnings Per Share $0.26
COMMON SHARES
Basic Shares Outstanding 19.37M 19.46M
Diluted Shares Outstanding 18.45M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $41.41M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $19.45M
YoY Change -2.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.244B
YoY Change 1.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $27.85M
YoY Change -1.25%
Deferred Revenue
YoY Change
Short-Term Debt $137.1M
YoY Change 33.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.85M
YoY Change -78.76%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $50.52M
YoY Change -5.92%
Total Long-Term Liabilities $50.52M
YoY Change -5.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.85M
Total Long-Term Liabilities $50.52M
Total Liabilities $1.902B
YoY Change 1.46%
SHAREHOLDERS EQUITY
Retained Earnings $274.7M
YoY Change 0.81%
Common Stock $194.0K
YoY Change -7.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $342.0M
YoY Change
Total Liabilities & Shareholders Equity $2.244B
YoY Change 1.03%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $4.728M
YoY Change 45.34%
Depreciation, Depletion And Amortization $762.0K
YoY Change 8.86%
Cash From Operating Activities $74.09M
YoY Change 65.01%
INVESTING ACTIVITIES
Capital Expenditures $194.0K
YoY Change 94.0%
Acquisitions
YoY Change
Other Investing Activities -$16.85M
YoY Change -47.18%
Cash From Investing Activities -$17.04M
YoY Change -46.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -56.95M
YoY Change 382.67%
NET CHANGE
Cash From Operating Activities 74.09M
Cash From Investing Activities -17.04M
Cash From Financing Activities -56.95M
Net Change In Cash 91.00K
YoY Change -90.9%
FREE CASH FLOW
Cash From Operating Activities $74.09M
Capital Expenditures $194.0K
Free Cash Flow $73.90M
YoY Change 64.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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1229000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3745000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3441000 usd
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Communication
232000 usd
CY2023Q3 us-gaap Communication
Communication
243000 usd
us-gaap Communication
Communication
698000 usd
us-gaap Communication
Communication
719000 usd
CY2024Q3 wsbf Professional Income Fees
ProfessionalIncomeFees
569000 usd
CY2023Q3 wsbf Professional Income Fees
ProfessionalIncomeFees
745000 usd
wsbf Professional Income Fees
ProfessionalIncomeFees
2070000 usd
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ProfessionalIncomeFees
1779000 usd
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ForeclosedRealEstateExpenseIncome
0 usd
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ForeclosedRealEstateExpenseIncome
1000 usd
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ForeclosedRealEstateExpenseIncome
14000 usd
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ForeclosedRealEstateExpenseIncome
3000 usd
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LoanProcessingFee
697000 usd
CY2023Q3 us-gaap Loan Processing Fee
LoanProcessingFee
722000 usd
us-gaap Loan Processing Fee
LoanProcessingFee
2604000 usd
us-gaap Loan Processing Fee
LoanProcessingFee
2672000 usd
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OtherNoninterestExpense
1965000 usd
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OtherNoninterestExpense
2584000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
5762000 usd
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OtherNoninterestExpense
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NoninterestExpense
28560000 usd
CY2023Q3 us-gaap Noninterest Expense
NoninterestExpense
30021000 usd
us-gaap Noninterest Expense
NoninterestExpense
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us-gaap Noninterest Expense
NoninterestExpense
90050000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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5886000 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3753000 usd
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17796000 usd
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11627000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1158000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4318000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2212000 usd
CY2024Q3 us-gaap Net Income Loss
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4728000 usd
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
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9415000 usd
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EarningsPerShareBasic
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EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2024Q3 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
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Dividends
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Depreciation Amortization And Accretion Net
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us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Payments To Purchase Loans Held For Sale
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us-gaap Payments To Purchase Loans Held For Sale
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us-gaap Proceeds From Sale Of Loans Held For Sale
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us-gaap Increase Decrease In Accrued Interest Receivable Net
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1296000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1562000 usd
us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
1373000 usd
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us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
3025000 usd
wsbf Increase Decrease In Accrued Interest On Deposits And Borrowings
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wsbf Increase Decrease In Accrued Interest On Deposits And Borrowings
IncreaseDecreaseInAccruedInterestOnDepositsAndBorrowings
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us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
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us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
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us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
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us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
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wsbf Gain On Sale Of Msr
GainOnSaleOfMSR
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wsbf Gain On Sale Of Msr
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583000 usd
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1430000 usd
us-gaap Increase Decrease In Other Operating Assets
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2274000 usd
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IncreaseDecreaseInOtherOperatingLiabilities
183000 usd
us-gaap Increase Decrease In Other Operating Liabilities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
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us-gaap Payments To Acquire Mortgage Backed Securities Mbs Categorized As Available For Sale
PaymentsToAcquireMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
18918000 usd
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
180000 usd
us-gaap Payments To Acquire Life Insurance Policies
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180000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
PaymentsToAcquireFederalHomeLoanBankStock
2340000 usd
us-gaap Payments To Acquire Federal Home Loan Bank Stock
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9441000 usd
us-gaap Payments To Acquire Property Plant And Equipment
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745000 usd
us-gaap Payments To Acquire Property Plant And Equipment
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283000 usd
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us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
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15872000 usd
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5728000 usd
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
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us-gaap Proceeds From Sale Of Federal Home Loan Bank Stock
ProceedsFromSaleOfFederalHomeLoanBankStock
3384000 usd
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
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us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
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us-gaap Proceeds From Issuance Of Long Term Debt
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Interest Paid Net
InterestPaidNet
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><a href="#" id="notes" title="notes"></a>Note <em style="font: inherit;">1</em> </b>—<b> Basis of Presentation</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The unaudited interim consolidated financial statements include the accounts of Waterstone Financial, Inc. (the “Company”) and the Company’s subsidiaries.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">WaterStone Bank SSB (the "Bank") is a community bank that has served the banking needs of its customers since <em style="font: inherit;">1921.</em> WaterStone Bank owns Wauwatosa Investments, Inc, an investment subsidiary, and has an active mortgage banking segment, Waterstone Mortgage Corporation.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">WaterStone Bank conducts its community banking business from 14 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin. WaterStone Bank's principal lending activity is originating <em style="font: inherit;">one</em>- to <em style="font: inherit;">four</em>-family, multi-family residential real estate, and commercial real estate loans for retention in its portfolio. WaterStone Bank also offers home equity loans and lines of credit, construction and land loans, commercial business loans, and consumer loans. WaterStone Bank funds its loan production primarily with retail deposits and Federal Home Loan Bank advances. The Company's deposit offerings include: certificates of deposit, money market savings accounts, transaction deposit accounts, non-interest bearing demand accounts and individual retirement accounts.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">Wauwatosa Investments, Inc. operates in Nevada as owns and manages the majority of the consolidated investment portfolio. The investment securities portfolio is comprised principally of mortgage-backed securities, government-sponsored enterprise bonds and municipal obligations.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">WaterStone Bank's mortgage banking operations are conducted through its wholly-owned subsidiary, Waterstone Mortgage Corporation.  Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market.  Waterstone Mortgage Corporation utilizes lines of credit provided by WaterStone Bank as a primary source of funds, and also utilizes a line of credit with another financial institution as needed.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information, Rule <em style="font: inherit;">10</em>-<em style="font: inherit;">01</em> of Regulation S-<em style="font: inherit;">X</em> and the instructions to Form <em style="font: inherit;">10</em>-Q. The financial statements do <em style="font: inherit;">not</em> include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary to present fairly the financial position, results of operations, changes in shareholders’ equity, and cash flows of the Company for the periods presented.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the Company’s <em style="font: inherit;"> December 31, 2023</em> Annual Report on Form <em style="font: inherit;">10</em>-K. Operating results for the <em style="font: inherit;">three</em> and <em style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2024</em> are <em style="font: inherit;">not</em> necessarily indicative of the results that <em style="font: inherit;"> may </em>be expected for the year ending <em style="font: inherit;"> December 31, </em><em style="font: inherit;">2024</em> or for any other period.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of the unaudited consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the allowance for credit losses, income taxes, and fair value measurements. Actual results could differ from those estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i></i></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><i>Subsequent Events</i></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the unaudited consolidated financial statements included in this Quarterly Report on Form <em style="font: inherit;">10</em>-Q were issued. There were <em style="font: inherit;">no</em> significant subsequent events for the <em style="font: inherit;">three</em> and <em style="font: inherit;">nine</em> months ended <em style="font: inherit;"> September 30, 2024</em> through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements.</p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i></i></p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><i>Impact of Recent Accounting Pronouncements</i></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">In <em style="font: inherit;"> December 2023, </em>the FASB issued ASU <em style="font: inherit;">No.</em> <em style="font: inherit;">2023</em>-<em style="font: inherit;">09,</em> “Income Taxes (Topic <em style="font: inherit;">740</em>): Improvements to Income Tax Disclosures.” This update enhances the transparency and decision usefulness of income tax disclosures by providing better information regarding exposure to potential changes in jurisdictional tax legislation and related forecasting and cash flow opportunities. This update is effective for fiscal years beginning after <em style="font: inherit;"> December 15, 2024. </em>The Corporation is assessing the impact of the standard.</p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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CY2023Q3 us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0 usd
CY2023Q3 wsbf Mortgage Servicing Rights Underlying Financing Receivable
MortgageServicingRightsUnderlyingFinancingReceivable
318400000 usd
CY2023Q3 wsbf Mortgage Servicing Rights Underlying Financing Receivable Book Value
MortgageServicingRightsUnderlyingFinancingReceivableBookValue
2900000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Year One
MortgageServicingRightsFutureAmortizationExpensesYearOne
21000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Year Two
MortgageServicingRightsFutureAmortizationExpensesYearTwo
89000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Year Three
MortgageServicingRightsFutureAmortizationExpensesYearThree
80000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Year Four
MortgageServicingRightsFutureAmortizationExpensesYearFour
71000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Year Five
MortgageServicingRightsFutureAmortizationExpensesYearFive
62000 usd
CY2024Q3 wsbf Mortgage Servicing Rights Future Amortization Expenses Thereafter
MortgageServicingRightsFutureAmortizationExpensesThereafter
168000 usd
CY2024Q3 wsbf Mortgage Servicing Rights
MortgageServicingRights
491000 usd
CY2024Q3 us-gaap Deposit Liability Uninsured
DepositLiabilityUninsured
160500000 usd
CY2023Q4 us-gaap Deposit Liability Uninsured
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131400000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
745317000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
56655000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1447000 usd
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TimeDepositMaturitiesYearFour
399000 usd
CY2024Q3 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
386000 usd
CY2024Q3 us-gaap Time Deposits
TimeDeposits
804204000 usd
CY2024Q3 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
13400000 usd
CY2023Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
9000000 usd
CY2024Q3 us-gaap Short Term Borrowings
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137127000 usd
CY2024Q3 us-gaap Short Term Debt Weighted Average Interest Rate
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0.0478 pure
CY2023Q4 us-gaap Short Term Borrowings
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147054000 usd
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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CY2024Q3 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
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21700000 usd
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
20900000 usd
CY2024Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
0 usd
CY2024Q3 us-gaap Litigation Reserve
LitigationReserve
1900000 usd
CY2023Q4 us-gaap Litigation Reserve
LitigationReserve
2100000 usd
CY2024Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
183000
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
199000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
206000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
162000
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
4728000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
3253000 usd
us-gaap Net Income Loss
NetIncomeLoss
13478000 usd
us-gaap Net Income Loss
NetIncomeLoss
9415000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18350000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
19998000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18631000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20420000
CY2024Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
95000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
24000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
46000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
53000
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18445000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20022000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18677000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20473000
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.72
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2024Q3 wsbf Fair Value Transfers Into Out Of Levels12 And3 Amount
FairValueTransfersIntoOutOfLevels12And3Amount
0 usd
wsbf Number Of States Mortgage Banking Products And Services Are Provided
NumberOfStatesMortgageBankingProductsAndServicesAreProvided
26 pure
wsbf Number Of States The Company Can Lend State
NumberOfStatesTheCompanyCanLendState
48 pure
CY2024Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
11517000 usd
CY2024Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-377000 usd
CY2024Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11894000 usd
CY2024Q3 us-gaap Noninterest Income
NoninterestIncome
22552000 usd
CY2024Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
21017000 usd
CY2024Q3 us-gaap Occupancy Net
OccupancyNet
1857000 usd
CY2024Q3 us-gaap Advertising Expense
AdvertisingExpense
926000 usd
CY2024Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1297000 usd
CY2024Q3 us-gaap Communication
Communication
232000 usd
CY2024Q3 us-gaap Professional Fees
ProfessionalFees
569000 usd
CY2024Q3 wsbf Foreclosed Real Estate Expense Income
ForeclosedRealEstateExpenseIncome
0 usd
CY2024Q3 us-gaap Loan Processing Fee
LoanProcessingFee
697000 usd
CY2024Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1965000 usd
CY2024Q3 us-gaap Noninterest Expense
NoninterestExpense
28560000 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5886000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1158000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
4728000 usd
CY2024Q3 us-gaap Assets
Assets
2244336000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
11989000 usd
CY2023Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
445000 usd
CY2023Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
11544000 usd
CY2023Q3 us-gaap Noninterest Income
NoninterestIncome
22230000 usd
CY2023Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
21588000 usd
CY2023Q3 us-gaap Occupancy Net
OccupancyNet
1993000 usd
CY2023Q3 us-gaap Advertising Expense
AdvertisingExpense
916000 usd
CY2023Q3 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1229000 usd
CY2023Q3 us-gaap Communication
Communication
243000 usd
CY2023Q3 us-gaap Professional Fees
ProfessionalFees
745000 usd
CY2023Q3 wsbf Foreclosed Real Estate Expense Income
ForeclosedRealEstateExpenseIncome
1000 usd
CY2023Q3 us-gaap Loan Processing Fee
LoanProcessingFee
722000 usd
CY2023Q3 us-gaap Other Noninterest Expense
OtherNoninterestExpense
2584000 usd
CY2023Q3 us-gaap Noninterest Expense
NoninterestExpense
30021000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3753000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
3253000 usd
CY2023Q3 us-gaap Assets
Assets
2221358000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
33333000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-535000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
33868000 usd
us-gaap Noninterest Income
NoninterestIncome
70297000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
62655000 usd
us-gaap Occupancy Net
OccupancyNet
5994000 usd
us-gaap Advertising Expense
AdvertisingExpense
2827000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3745000 usd
us-gaap Communication
Communication
698000 usd
us-gaap Professional Fees
ProfessionalFees
2070000 usd
wsbf Foreclosed Real Estate Expense Income
ForeclosedRealEstateExpenseIncome
14000 usd
us-gaap Loan Processing Fee
LoanProcessingFee
2604000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
5762000 usd
us-gaap Noninterest Expense
NoninterestExpense
86369000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
17796000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4318000 usd
us-gaap Net Income Loss
NetIncomeLoss
13478000 usd
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
38459000 usd
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1091000 usd
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
37368000 usd
us-gaap Noninterest Income
NoninterestIncome
64309000 usd
us-gaap Labor And Related Expense
LaborAndRelatedExpense
64035000 usd
us-gaap Occupancy Net
OccupancyNet
6302000 usd
us-gaap Advertising Expense
AdvertisingExpense
2749000 usd
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
3441000 usd
us-gaap Communication
Communication
719000 usd
us-gaap Professional Fees
ProfessionalFees
1779000 usd
wsbf Foreclosed Real Estate Expense Income
ForeclosedRealEstateExpenseIncome
3000 usd
us-gaap Loan Processing Fee
LoanProcessingFee
2672000 usd
us-gaap Other Noninterest Expense
OtherNoninterestExpense
8350000 usd
us-gaap Noninterest Expense
NoninterestExpense
90050000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11627000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2212000 usd
us-gaap Net Income Loss
NetIncomeLoss
9415000 usd

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