2020 Q2 Form 10-Q Financial Statement

#000156999420000039 Filed on August 06, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2 2019 Q1
Revenue $19.86M $19.91M $19.17M
YoY Change -0.26% 8.44%
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 $800.0K $600.0K $608.0K
YoY Change 33.33% 0.0% 1.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $6.612M $6.932M $6.236M
YoY Change -4.62% 49.3%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $27.96M $12.79M $8.524M
YoY Change 118.71% 2.12% -5.92%
Income Tax $7.016M $3.143M $1.982M
% Of Pretax Income 25.09% 24.58% 23.25%
Net Earnings $20.95M $9.643M $6.542M
YoY Change 117.24% 2.37% -5.87%
Net Earnings / Revenue 105.47% 48.43% 34.12%
Basic Earnings Per Share $0.86 $0.37 $0.25
Diluted Earnings Per Share $0.85 $0.37 $0.24
COMMON SHARES
Basic Shares Outstanding 24.46M 26.24M 26.50M
Diluted Shares Outstanding 24.51M 26.41M 26.72M

Balance Sheet

Concept 2020 Q2 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $76.92M $70.15M $104.8M
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 $24.18M $24.98M $33.50M
YoY Change -3.18% 9.55% 48.23%
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 $2.218B $2.015B $1.929B
YoY Change 10.05% 7.35% 4.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $28.50M $28.50M $21.20M
YoY Change 0.0% 25.55% 76.67%
Deferred Revenue
YoY Change
Short-Term Debt $104.0M $23.70M $18.50M
YoY Change 338.82% 848.0% -4.64%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.50M $28.50M $21.20M
YoY Change 0.0% 25.55% 76.67%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $46.70M $26.20M $37.20M
YoY Change 78.24% 14.91% 74.65%
Total Long-Term Liabilities $46.70M $26.20M $37.20M
YoY Change 78.24% 14.91% 74.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.50M $28.50M $21.20M
Total Long-Term Liabilities $46.70M $26.20M $37.20M
Total Liabilities $1.832B $1.628B $1.544B
YoY Change 12.5% 10.51% 7.1%
SHAREHOLDERS EQUITY
Retained Earnings $205.9M $183.8M
YoY Change 11.99%
Common Stock $258.0K $276.0K
YoY Change -6.52%
Preferred Stock
YoY Change
Treasury Stock (at cost) $112.3M
YoY Change
Treasury Stock Shares $8.039M
Shareholders Equity $385.6M $386.8M $384.5M
YoY Change
Total Liabilities & Shareholders Equity $2.218B $2.015B $1.929B
YoY Change 10.05% 7.35% 4.86%

Cashflow Statement

Concept 2020 Q2 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income $20.95M $9.643M $6.542M
YoY Change 117.24% 2.37% -5.87%
Depreciation, Depletion And Amortization $800.0K $600.0K $608.0K
YoY Change 33.33% 0.0% 1.33%
Cash From Operating Activities -$96.50M -$115.7M $17.76M
YoY Change -16.59% 2168.63% -10.28%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$1.400M $330.0K
YoY Change -78.57% 250.0% -265.0%
Acquisitions
YoY Change
Other Investing Activities -$19.30M $10.50M $3.300M
YoY Change -283.81% -139.62% -123.4%
Cash From Investing Activities -$19.50M $9.200M $2.944M
YoY Change -311.96% -134.2% -120.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.969M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 133.8M 71.80M -1.976M
YoY Change 86.35% 168.91% -106.74%
NET CHANGE
Cash From Operating Activities -96.50M -115.7M 17.76M
Cash From Investing Activities -19.50M 9.200M 2.944M
Cash From Financing Activities 133.8M 71.80M -1.976M
Net Change In Cash 17.80M -34.70M 18.73M
YoY Change -151.3% 554.72% -46.17%
FREE CASH FLOW
Cash From Operating Activities -$96.50M -$115.7M $17.76M
Capital Expenditures -$300.0K -$1.400M $330.0K
Free Cash Flow -$96.20M -$114.3M $17.43M
YoY Change -15.84% 2331.91% -12.83%

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<div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">Note 1 — Basis of Presentation</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The unaudited interim consolidated financial statements include the accounts of Waterstone Financial, Inc. (the “Company”) and the Company’s subsidiaries.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WaterStone Bank SSB (the "Bank") is a community bank that has served the banking needs of its customers since 1921. WaterStone Bank also has an active mortgage banking subsidiary, Waterstone Mortgage Corporation.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">WaterStone Bank conducts its community banking business from 13 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. WaterStone Bank's principal lending activity is originating one- to four-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. Our deposit offerings include: certificates of deposit, money market savings accounts, transaction deposit accounts, non-interest bearing demand accounts and individual retirement accounts. Our investment securities portfolio is comprised principally of mortgage-backed securities, government-sponsored enterprise bonds and municipal obligations.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) for interim financial information, Rule 10-01 of Regulation S-X and the instructions to Form 10-Q. The financial statements do not 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.</div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The accompanying unaudited consolidated financial statements and related notes should be read in conjunction with the Company’s December 31, 2019 Annual Report on Form 10-K. Operating results for the </span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">six</span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> months ended </span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">June 30, 2020</span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> are not necessarily indicative of the results that may be expected for the year ending December 31, </span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2020</span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> or for any other period.</span></div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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 loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates.</div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Impacts of COVID-19</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">In March, 2020, the World Health Organization declared the outbreak of COVID-19 as a global pandemic, which continues to spread throughout the United States and around the world. The declaration of a global pandemic indicates that almost all public commerce and related business activities must be, to varying degrees, curtailed with the goal of decreasing the rate of new infections. The outbreak of COVID-19 could adversely impact a broad range of industries in which the Company’s customers operate and impair their ability to fulfill their financial obligations to the Company. On March 3, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 basis points to 1.00% to 1.25%. This rate was further reduced to a target range of 0% to 0.25% on March 16, 2020. These reductions in interest rates and other effects of the COVID-19 outbreak may adversely affect the Company’s financial condition and results of operations. As a result of the spread of the COVID-19 coronavirus, economic uncertainties have arisen which are likely to negatively impact net interest income and noninterest income. Other financial impact could occur though such potential impacts are unknown at this time.</div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Subsequent Events</div> <div><br/></div> <div style="text-align: justify; margin-right: 5.75pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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 10-Q were issued. There were no significant subsequent events for the quarter ended </span>June 30, 2020<span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> through the issuance date of these unaudited consolidated financial statements that warranted adjustment to or disclosure in the unaudited consolidated financial statements</span><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">.</span></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Reclassifications</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior period amounts have been reclassified to conform to current period presentation.  These reclassifications did not result in any changes to previously reported net income.  The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition.  The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity.</div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Impact of Recent Accounting Pronouncements</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><span style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">ASC Topic 326 "Financial Instruments - Credit Losses."</span> Authoritative accounting guidance under ASC Topic 326, "Financial Instruments - Credit Losses" amended the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information for credit loss estimates. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The authoritative guidance also requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected (net of the allowance for credit losses). In addition, the credit losses relating to available-for-sale debt securities should be recorded through an allowance for credit losses rather than a write-down.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law. It included an option for entities to delay the adoption of ASC Topic 326 until the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. Due to the uncertainty on the economy and unemployment from COVID-19, the Company has determined to delay its adoption of ASC Topic 326 and has calculated and recorded its provision for loan losses under the incurred loss model that existed prior to ASC Topic 326.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">The Company has input the available historical Company data to build an internal model and is reviewing the assumptions to support the calculation under ASC Topic 326. Management’s methodology for estimating the allowance for credit losses under the current expected credit losses (CECL) model includes the use of relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Historical credit loss experience by vintage classified by loans with similar risk profiles provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are considered for differences in current loan-specific risk characteristics such as changes in underwriting standards, portfolio mix, portfolio volume, delinquency rates, interest rates, or other relevant factors. Management will continue to review and adjust these and other factors. Ongoing evaluations have been performed by vintage adjusted for prepayments. For two portfolio segments, management expects to use a weighted average remaining maturity methodology, which contemplates loss expectations on a pool basis, relying on historic loss rates.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Management is validating the CECL model and methodologies; however we expect an initial increase to the allowance for credit loss, including reserves for unfunded commitments, not to exceed 130% of the December 31, 2019 allowance.  When finalized, this one-time increase as a result of the adoption of CECL will be recorded, net of tax, as an adjustment to retained earnings effective on the earlier of the termination date of the national emergency declaration by the President or December 31, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Financial statement users should be aware that the allowance for credit loss is, by design, inherently sensitive to changes in economic outlook, loan and lease portfolio composition, portfolio duration, and other factors.</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">As we continue to evaluate the provisions of ASC Topic 326 as of and for the six months ended June 30, 2020, we are considering the following in developing our forecast and its effect on our CECL calculations:</div> <div><br/></div> <table cellpadding="0" cellspacing="0" class="DSPFListTable" id="za281cbd7c3cd44f7ac8b686917d5b0b8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;"> <tr> <td style="width: 36pt; vertical-align: top; align: right;"><div style="text-align: left; margin-left: 18pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td> <td style="width: auto; vertical-align: top;"><div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Duration, extent and severity of COVID-19;</div></td> </tr> </table> <table cellpadding="0" cellspacing="0" class="DSPFListTable" id="z64be83debfa546788607151541bbf834" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;"> <tr> <td style="width: 36pt; vertical-align: top; align: right;"><div style="text-align: left; margin-left: 18pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td> <td style="width: auto; vertical-align: top;"><div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Effect of government assistance; and</div></td> </tr> </table> <table cellpadding="0" cellspacing="0" class="DSPFListTable" id="z9481a8feeb0d49e29ed51bef687ea25c" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;"> <tr> <td style="width: 36pt; vertical-align: top; align: right;"><div style="text-align: left; margin-left: 18pt; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">•</div></td> <td style="width: auto; vertical-align: top;"><div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Unemployment and effect on economies and markets.</div></td> </tr> </table>
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<div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">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 loan losses, income taxes, and fair value measurements. Actual results could differ from those estimates.</div>
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<div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-style: italic;">Reclassifications</div> <div><br/></div> <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Certain prior period amounts have been reclassified to conform to current period presentation.  These reclassifications did not result in any changes to previously reported net income.  The Company reclassified the Cost of Shares Repurchased line item presented in prior periods to the Additional Paid in Capital line item in the Consolidated Statements of Financial Condition.  The Cost of Shares Repurchased column was reclassified to the Additional Paid in Capital line in the Consolidated Statements of Changes in Shareholders’ Equity.</div>
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2467000
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
33000
CY2020Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1508000
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
10959000
CY2020Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1541000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
18909000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
1263000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
43661000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
1420000
CY2020Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1433803000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1388031000
CY2020Q2 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
1080000.00
CY2019Q4 us-gaap Loans And Leases Receivable Collateral For Secured Borrowings
LoansAndLeasesReceivableCollateralForSecuredBorrowings
1070000.00
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenFairValue
838000
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateAmortizedCost
98706000
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Without Single Maturity Date Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
102503000
CY2020Q2 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
574000000.0
CY2019Q4 us-gaap Federal Home Loan Bank Advances
FederalHomeLoanBankAdvances
470000000.0
CY2020Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
6400000
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
6300000
CY2019Q4 wsbf Number Of Loans Impaired
NumberOfLoansImpaired
0
CY2020Q2 wsbf Number Of Loans Impaired
NumberOfLoansImpaired
0
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
633000
CY2020Q2 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
8537000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1427356000
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1388031000
wsbf Loans Requiring Officers Loans Committee Review And Approval Minimum
LoansRequiringOfficersLoansCommitteeReviewAndApprovalMinimum
500000
CY2020Q2 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
212000
CY2020Q2 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
212000
wsbf Period Of Time Sales Of Real Estate Owned Fair Value Is Based
PeriodOfTimeSalesOfRealEstateOwnedFairValueIsBased
P2Y
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
27000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17734000
CY2020Q2 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1425266000
CY2020Q2 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1433803000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
39000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
12348000
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
10057000
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1377974000
CY2019Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
1388031000
CY2020Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1433803000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6465000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1381566000
CY2020Q2 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1400000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
2000000.0
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
17707000
wsbf Minimum Amount Of Potential Loan Exposure To Be Reviewed By Credit Management Personnel
MinimumAmountOfPotentialLoanExposureToBeReviewedByCreditManagementPersonnel
1000000.0
wsbf Maximum Period Of Time Loan Reviewed Under Renewal Condition
MaximumPeriodOfTimeLoanReviewedUnderRenewalCondition
P1Y
CY2020Q2 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
10371000
us-gaap Communication
Communication
681000
CY2020Q2 wsbf Total Impaired Loans Cumulative Charge Offs
TotalImpairedLoansCumulativeChargeOffs
1834000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24513000
CY2020Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1208000
CY2019Q2 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
879000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
2284000
us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
1684000
CY2020Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3672000
CY2019Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1729000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
6575000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4076000
CY2020Q2 us-gaap Noninterest Expense
NoninterestExpense
47689000
us-gaap Noninterest Expense
NoninterestExpense
82897000
us-gaap Noninterest Expense
NoninterestExpense
64704000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7016000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3143000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8944000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5125000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
20948000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
9643000
us-gaap Net Income Loss
NetIncomeLoss
27017000
us-gaap Net Income Loss
NetIncomeLoss
16185000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24934000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26370000
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
1077000
CY2019Q2 us-gaap Professional Fees
ProfessionalFees
789000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
298000
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
8300000
CY2020Q2 wsbf Impaired Financing Receivable With No Related Allowance Reduce Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceReduceUnpaidPrincipalBalance
1800000
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4000000.0
CY2020Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3886000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
9
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4018000
CY2019 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
11
CY2020Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3900000
CY2020Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3900000
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
4000000.0
CY2019Q4 wsbf Total Impaired Loans With Reserve Cumulative Charge Offs
TotalImpairedLoansWithReserveCumulativeChargeOffs
409000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8898000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
9833000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
11680000
CY2020Q2 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
5536000
CY2019Q4 us-gaap Loans And Leases Receivable Impaired Nonperforming Nonaccrual Of Interest
LoansAndLeasesReceivableImpairedNonperformingNonaccrualOfInterest
7025000
wsbf Ratio Of Total Non Accrual Loans To Total Loans Net Of Allowance
RatioOfTotalNonAccrualLoansToTotalLoansNetOfAllowance
0.0039
wsbf Real Estate Sales
RealEstateSales
345000
CY2019 wsbf Ratio Of Total Non Accrual Loans To Total Loans Net Of Allowance
RatioOfTotalNonAccrualLoansToTotalLoansNetOfAllowance
0.0051
wsbf Real Estate Sales
RealEstateSales
1201000
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0
CY2019Q4 us-gaap Foreclosed Assets
ForeclosedAssets
2300000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
14426000
wsbf Ratio Of Total Non Accrual Loans To Total Assets
RatioOfTotalNonAccrualLoansToTotalAssets
0.0025
CY2019 wsbf Ratio Of Total Non Accrual Loans To Total Assets
RatioOfTotalNonAccrualLoansToTotalAssets
0.0035
CY2018Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
2152000
us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
299000
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
0
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
0
us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
10000
CY2020Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
702000
CY2019Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1684000
CY2020Q2 us-gaap Foreclosed Assets
ForeclosedAssets
3000000.0
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
748000
CY2019Q4 wsbf Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Buffer
TierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalBuffer
131465000
us-gaap Profit Loss
ProfitLoss
27017000
us-gaap Profit Loss
ProfitLoss
16185000
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-476000
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-562000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-795000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax
-1127000
CY2019Q4 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
70600000
CY2020Q2 us-gaap Time Deposit Maturities Next Rolling Twelve Months
TimeDepositMaturitiesNextRollingTwelveMonths
727895000
CY2020Q2 us-gaap Time Deposit Maturities Rolling Year Two
TimeDepositMaturitiesRollingYearTwo
6175000
CY2020Q2 us-gaap Time Deposit Maturities Rolling Year Three
TimeDepositMaturitiesRollingYearThree
3267000
CY2020Q2 us-gaap Time Deposit Maturities Rolling Year Four
TimeDepositMaturitiesRollingYearFour
999000
CY2020Q2 us-gaap Time Deposit Maturities Rolling Year Five
TimeDepositMaturitiesRollingYearFive
1081000
CY2020Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1267000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25071000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26572000
CY2020Q2 us-gaap Profit Loss
ProfitLoss
20948000
CY2019Q2 us-gaap Profit Loss
ProfitLoss
9643000
CY2019Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1506000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
2117000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3016000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
393686000
CY2020Q2 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
74500000
CY2020Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
35000000.0
CY2020Q2 wsbf Percentage Of Carrying Value Of Qualifying One To Four Family Loans
PercentageOfCarryingValueOfQualifyingOneToFourFamilyLoans
0.80
CY2020Q2 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
26700000
CY2020Q2 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.2364
CY2020Q2 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
136268000
CY2020Q2 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2020Q2 wsbf Minimum Capital Adequacy With Capital Buffer
MinimumCapitalAdequacyWithCapitalBuffer
178851000
CY2020Q2 us-gaap Capital
Capital
402690000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
19518000
CY2019Q2 wsbf Servicing Asset At Amortized Cost Net Of Valuation Allowance
ServicingAssetAtAmortizedCostNetOfValuationAllowance
175000
wsbf Loans Originated For Sale Residential
LoansOriginatedForSaleResidential
1800000000
wsbf Sales Of Loans Held For Sale
SalesOfLoansHeldForSale
1730000000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
29000
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0
us-gaap Proceeds From Sale Of Mortgage Servicing Rights Msr
ProceedsFromSaleOfMortgageServicingRightsMSR
0
wsbf Generated Mortgage Banking Income
GeneratedMortgageBankingIncome
94200000
CY2020Q2 wsbf Loans Sold On Servicing Retained Basis
LoansSoldOnServicingRetainedBasis
706500000
CY2019Q4 wsbf Loans Sold On Servicing Retained Basis
LoansSoldOnServicingRetainedBasis
64900000
CY2019Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
282000
CY2018Q4 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
109000
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
4931000
CY2020Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
4987000
CY2019Q2 us-gaap Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
255000
CY2020Q2 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
21000
CY2019Q2 us-gaap Valuation Allowance For Impairment Of Recognized Servicing Assets Balance
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsBalance
80000
CY2020Q2 wsbf Servicing Asset At Amortized Cost Net Of Valuation Allowance
ServicingAssetAtAmortizedCostNetOfValuationAllowance
4966000
us-gaap Servicing Asset At Fair Value Additions
ServicingAssetAtFairValueAdditions
175000
us-gaap Servicing Asset At Amortized Value Amortization1
ServicingAssetAtAmortizedValueAmortization1
226000
CY2019Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.2537
CY2020Q2 wsbf Common Equity Tier I Capital To Risk Weighted In Hundredths Minimum Capital Adequacy With Capital Buffer
CommonEquityTierICapitalToRiskWeightedInHundredthsMinimumCapitalAdequacyWithCapitalBuffer
0.0700
CY2020Q2 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
384956000
CY2020Q2 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.2260
CY2020Q2 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
76651000
CY2020Q2 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.0450
CY2020Q2 wsbf Common Equity Tier I Capital To Risk Weighted Assets Minimum Capital Adequacy With Capital Buffer
CommonEquityTierICapitalToRiskWeightedAssetsMinimumCapitalAdequacyWithCapitalBuffer
119234000
CY2020Q2 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1780
CY2020Q2 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
86495000
CY2020Q2 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
CY2019Q4 us-gaap Capital
Capital
404748000
CY2019Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.2617
CY2019Q4 us-gaap Capital Required For Capital Adequacy
CapitalRequiredForCapitalAdequacy
123731000
CY2019Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0800
CY2019Q4 wsbf Minimum Capital Adequacy With Capital Buffer
MinimumCapitalAdequacyWithCapitalBuffer
162398000
CY2019Q4 wsbf Capital Required For Minimum Capital Adequacy With Capital Buffer To Risk Weighted Assets
CapitalRequiredForMinimumCapitalAdequacyWithCapitalBufferToRiskWeightedAssets
0.1050
CY2019Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
392361000
CY2019Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
392361000
CY2019Q4 us-gaap Common Equity Tier One Capital Ratio
CommonEquityTierOneCapitalRatio
0.2537
CY2019Q4 us-gaap Common Equity Tier One Capital Required For Capital Adequacy
CommonEquityTierOneCapitalRequiredForCapitalAdequacy
69599000
CY2019Q4 us-gaap Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum
BankingRegulationCommonEquityTierOneRiskBasedCapitalRatioCapitalAdequacyMinimum
0.0450
CY2019Q4 wsbf Common Equity Tier I Capital To Risk Weighted Assets Minimum Capital Adequacy With Capital Buffer
CommonEquityTierICapitalToRiskWeightedAssetsMinimumCapitalAdequacyWithCapitalBuffer
108265000
CY2020Q2 us-gaap Litigation Reserve
LitigationReserve
2900000
CY2019Q4 us-gaap Litigation Reserve
LitigationReserve
921000
CY2019Q4 wsbf Common Equity Tier I Capital To Risk Weighted In Hundredths Minimum Capital Adequacy With Capital Buffer
CommonEquityTierICapitalToRiskWeightedInHundredthsMinimumCapitalAdequacyWithCapitalBuffer
0.0700
CY2019Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
392361000
CY2019Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.1969
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy
TierOneLeverageCapitalRequiredForCapitalAdequacy
79691000
CY2019Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets
0.0400
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8900000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000
wsbf Period Of Home Equity Loans Available To The Borrower
PeriodOfHomeEquityLoansAvailableToTheBorrower
P10Y
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1855000
CY2020Q2 wsbf Loans And Leases Receivable Impaired Outstanding Balance
LoansAndLeasesReceivableImpairedOutstandingBalance
212000
CY2020Q2 wsbf Loans And Leases Receivable Impaired Specific Reserve
LoansAndLeasesReceivableImpairedSpecificReserve
27000
CY2019Q4 wsbf Loans And Leases Receivable Impaired Outstanding Balance
LoansAndLeasesReceivableImpairedOutstandingBalance
224000
CY2019Q4 wsbf Loans And Leases Receivable Impaired Specific Reserve
LoansAndLeasesReceivableImpairedSpecificReserve
39000
wsbf Real Estate Owned Change In Fair Value
RealEstateOwnedChangeInFairValue
0
wsbf Real Estate Owned Change In Fair Value
RealEstateOwnedChangeInFairValue
0
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y1M6D
CY2019Q2 us-gaap Lease Cost
LeaseCost
1254000
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.059
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3042000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2134000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1589000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
962000
us-gaap Operating Lease Payments
OperatingLeasePayments
1807000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
157000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
940000
CY2020Q2 wsbf Number Of Branch Locations
NumberOfBranchLocations
2
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7200000
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
770000
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
804000
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
131000
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
156000
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
121000
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
294000
CY2020Q2 us-gaap Lease Cost
LeaseCost
1022000
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1157000
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue
20625000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-34688000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12080000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
115540000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
24752000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
157000
us-gaap Share Based Compensation
ShareBasedCompensation
389000
CY2020Q2 us-gaap Available For Sale Securities Debt Maturities Rolling After Year Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingAfterYearTenAmortizedCostBasis
648000
CY2020Q2 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1433803000
CY2020Q2 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
8537000
CY2020Q2 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
27000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
224000
CY2019Q4 wsbf Total Impaired Loans With Reserve Reserve
TotalImpairedLoansWithReserveReserve
39000
us-gaap Net Income Loss
NetIncomeLoss
27017000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12387000
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
2897000
CY2020Q2 us-gaap Time Deposits
TimeDeposits
739417000
CY2020Q2 wsbf Capital Required For Minimum Capital Adequacy With Capital Buffer To Risk Weighted Assets
CapitalRequiredForMinimumCapitalAdequacyWithCapitalBufferToRiskWeightedAssets
0.1050
CY2020Q2 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
384956000
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy
TierOneRiskBasedCapitalRequiredForCapitalAdequacy
92799000
CY2019Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.0600
CY2019Q4 wsbf Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalBufferToRiskWeightedAssets
0.0850
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
22215000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
385619000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
384468000
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1506000
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11149000
CY2019Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.12
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3126000
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
102000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
229000
CY2019Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
6457000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
386803000
us-gaap Depreciation
Depreciation
1290000
us-gaap Depreciation
Depreciation
1215000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
79000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
113000
wsbf Amortization Of Unearned Esop Award
AmortizationOfUnearnedESOPAward
822000
wsbf Amortization Of Unearned Esop Award
AmortizationOfUnearnedESOPAward
875000
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
247000
us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
109000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
1795178000
us-gaap Payments For Origination And Purchases Of Loans Held For Sale
PaymentsForOriginationAndPurchasesOfLoansHeldForSale
1270121000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
180000
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
180000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100000000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
165000000
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
299000
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
743000
wsbf Allowance For Credit Loss Percentage Increase
AllowanceForCreditLossPercentageIncrease
1.30
CY2019Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
0
CY2020Q2 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
0
CY2020Q2 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6447000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12387000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
5285000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
34000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
96000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17734000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13249000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-650000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
39000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
57000
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12617000
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
13226000
CY2020Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4500000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
27000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
35000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
17734000
CY2020Q2 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3900000
CY2020Q2 wsbf Valuation Allowance With Respect To Troubled Debt Restructurings
ValuationAllowanceWithRespectToTroubledDebtRestructurings
0
CY2019Q4 wsbf Valuation Allowance With Respect To Troubled Debt Restructurings
ValuationAllowanceWithRespectToTroubledDebtRestructurings
7000
wsbf Minimum Number Of Consecutive Contractual Payments Received Prior To Consideration For Return To Accrual Status
MinimumNumberOfConsecutiveContractualPaymentsReceivedPriorToConsiderationForReturnToAccrualStatus
6
CY2020Q2 wsbf Loans Receivable Modifications Loans Performing In Accordance With Modified Terms
LoansReceivableModificationsLoansPerformingInAccordanceWithModifiedTerms
3886000
CY2020Q2 wsbf Number Of Loans Performing In Accordance With Modified Terms
NumberOfLoansPerformingInAccordanceWithModifiedTerms
9
CY2020Q2 wsbf Loans Receivable Modifications Loans In Default
LoansReceivableModificationsLoansInDefault
0
CY2019Q4 wsbf Number Of Loans Performing In Accordance With Modified Terms
NumberOfLoansPerformingInAccordanceWithModifiedTerms
9
CY2019Q4 wsbf Loans Receivable Modifications Loans In Default
LoansReceivableModificationsLoansInDefault
448000
CY2019Q4 wsbf Loans Receivable Modifications In Default Number
LoansReceivableModificationsInDefaultNumber
2
CY2019Q4 wsbf Loans Receivable Modifications Total
LoansReceivableModificationsTotal
4018000
CY2019Q4 wsbf Number Of Loans Total
NumberOfLoansTotal
11
wsbf Financing Receivable Modifications Subsequent Default Number Of Contracts2
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts2
0
wsbf Financing Receivable Modifications Subsequent Default Number Of Contracts2
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts2
0
CY2020Q2 us-gaap Notes Receivable Net
NotesReceivableNet
121800000
CY2020Q2 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
702000
CY2019Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
748000
us-gaap Mortgage Loans On Real Estate Foreclosures
MortgageLoansOnRealEstateForeclosures
743000
CY2020Q2 wsbf Mortgage Servicing Rights Fair Value
MortgageServicingRightsFairValue
6.4
CY2019Q2 wsbf Mortgage Servicing Rights Fair Value
MortgageServicingRightsFairValue
186000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
559000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
979000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
775000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
699000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
593000
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1361000
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4966000
CY2020Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
104000000.0
CY2020Q2 wsbf Percentage Of Carrying Value Of Qualifying Home Equity Loans
PercentageOfCarryingValueOfQualifyingHomeEquityLoans
0.75
CY2020Q2 wsbf Percentage Of Carrying Value Of Qualifying Multi Family Loans
PercentageOfCarryingValueOfQualifyingMultiFamilyLoans
0.64
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
47000
CY2017Q4 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
7300000
CY2017Q4 us-gaap Legal Fees
LegalFees
3300000
CY2017Q4 us-gaap Incentive Fee Expense
IncentiveFeeExpense
20000
CY2020Q1 wsbf Loss Contingency Damages To Be Paid Value
LossContingencyDamagesToBePaidValue
14952
CY2019Q2 us-gaap Loss Contingency Pending Claims Number
LossContingencyPendingClaimsNumber
89
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
130400
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
105000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
123000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
105000
CY2019Q4 wsbf Impairment On Mortgage Servicing Rights
ImpairmentOnMortgageServicingRights
77000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
20948000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
9643000
us-gaap Net Income Loss
NetIncomeLoss
27017000
us-gaap Net Income Loss
NetIncomeLoss
16185000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24464000
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26242000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24934000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26370000
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
49000
CY2019Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
170000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
137000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
202000
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24513000
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26412000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25071000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26572000
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.61
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.85
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2020Q2 wsbf Impairment On Mortgage Servicing Rights
ImpairmentOnMortgageServicingRights
98000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
wsbf Number Of States Products And Services Are Provided
NumberOfStatesProductsAndServicesAreProvided
21
wsbf Number Of States The Company Can Lend
NumberOfStatesTheCompanyCanLend
48
CY2020Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
13249000
CY2020Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
4500000
CY2020Q2 us-gaap Occupancy Net
OccupancyNet
2534000
CY2020Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1095000
CY2020Q2 us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
33000
CY2020Q2 wsbf Segment Loan Processing Expense
SegmentLoanProcessingExpense
1208000
CY2020Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
3672000
CY2020Q2 us-gaap Noninterest Expense
NoninterestExpense
47689000
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
27964000
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7016000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
20948000
CY2020Q2 us-gaap Assets
Assets
2217573000
CY2019Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
12981000
CY2019Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
30000
CY2019Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
12951000
CY2019Q2 us-gaap Noninterest Income
NoninterestIncome
35190000
CY2019Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
27074000
CY2019Q2 us-gaap Occupancy Net
OccupancyNet
2680000
CY2019Q2 us-gaap Advertising Expense
AdvertisingExpense
963000
CY2019Q2 us-gaap Communication
Communication
353000
CY2019Q2 us-gaap Professional Fees
ProfessionalFees
789000
CY2019Q2 us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
19000
CY2019Q2 wsbf Segment Loan Processing Expense
SegmentLoanProcessingExpense
879000
CY2019Q2 us-gaap Other Noninterest Expense
OtherNoninterestExpense
1729000
CY2019Q2 us-gaap Noninterest Expense
NoninterestExpense
35355000
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12786000
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3143000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
9643000
CY2019Q2 us-gaap Assets
Assets
2015138000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25775000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
5285000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
20490000
us-gaap Noninterest Income
NoninterestIncome
98368000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
61290000
us-gaap Occupancy Net
OccupancyNet
5275000
us-gaap Advertising Expense
AdvertisingExpense
1764000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
2101000
us-gaap Communication
Communication
655000
us-gaap Professional Fees
ProfessionalFees
2909000
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
44000
wsbf Segment Loan Processing Expense
SegmentLoanProcessingExpense
2284000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
6575000
us-gaap Noninterest Expense
NoninterestExpense
82897000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
35961000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8944000
us-gaap Net Income Loss
NetIncomeLoss
27017000
us-gaap Labor And Related Expense
LaborAndRelatedExpense
47713000
us-gaap Occupancy Net
OccupancyNet
5456000
us-gaap Advertising Expense
AdvertisingExpense
1921000
us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
1638000
us-gaap Communication
Communication
681000
us-gaap Professional Fees
ProfessionalFees
1484000
us-gaap Operating Lease Cost
OperatingLeaseCost
1562000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5125000
us-gaap Net Income Loss
NetIncomeLoss
16185000
us-gaap Operating Lease Cost
OperatingLeaseCost
1594000
us-gaap Noninterest Expense
NoninterestExpense
64704000
us-gaap Variable Lease Cost
VariableLeaseCost
240000
us-gaap Variable Lease Cost
VariableLeaseCost
416000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
314000
us-gaap Short Term Lease Cost
ShortTermLeaseCost
527000
us-gaap Lease Cost
LeaseCost
2148000
us-gaap Lease Cost
LeaseCost
2505000
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
8824000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
8099000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
266000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
8651000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
241000
CY2020Q2 wsbf Loans Receivable Modifications In Default Number
LoansReceivableModificationsInDefaultNumber
0
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
233000
CY2019Q4 wsbf Loans Receivable Modifications Loans Performing In Accordance With Modified Terms
LoansReceivableModificationsLoansPerformingInAccordanceWithModifiedTerms
3570000
CY2020Q2 wsbf Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Percentage Accumulated Loss
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerPercentageAccumulatedLoss
0.151
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
0
CY2019Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
1388031000
CY2019Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12561000
CY2019Q2 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
30000
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7000
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
33000
CY2019Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12617000
CY2020Q2 wsbf Total Impaired Loans With Reserve Reserve
TotalImpairedLoansWithReserveReserve
27000
CY2020Q2 wsbf Total Impaired Loans With Reserve Cumulative Charge Offs
TotalImpairedLoansWithReserveCumulativeChargeOffs
0
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
8325000
CY2020Q2 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
10159000
CY2020Q2 wsbf Total Impaired Loans With No Reserve Reserve
TotalImpairedLoansWithNoReserveReserve
0
CY2020Q2 wsbf Total Impaired Loans With No Reserve Cumulative Charge Offs
TotalImpairedLoansWithNoReserveCumulativeChargeOffs
1834000
CY2019Q4 wsbf Total Impaired Loans With No Reserve Reserve
TotalImpairedLoansWithNoReserveReserve
0
CY2019Q4 wsbf Total Impaired Loans With No Reserve Cumulative Charge Offs
TotalImpairedLoansWithNoReserveCumulativeChargeOffs
1847000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
10057000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
12313000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
39000
CY2019Q4 wsbf Total Impaired Loans Cumulative Charge Offs
TotalImpairedLoansCumulativeChargeOffs
2256000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
215000
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
8000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
799000
us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithRelatedAllowanceInterestIncomeCashBasisMethod
32000
CY2020Q2 wsbf Loans Receivable Modifications Total
LoansReceivableModificationsTotal
3886000
CY2020Q2 wsbf Number Of Loans Total
NumberOfLoansTotal
9
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
8436000
wsbf Number Of Loans Modified As Troubled Debt Restructuring
NumberOfLoansModifiedAsTroubledDebtRestructuring
0
CY2020Q2 wsbf Number Of Loans Modified As Troubled Debt Restructuring
NumberOfLoansModifiedAsTroubledDebtRestructuring
0
CY2019Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Collateral Pledged1
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresCollateralPledged1
21200000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.249
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
100000
CY2020Q2 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8749000
CY2020Q2 us-gaap Noninterest Income
NoninterestIncome
66904000
CY2020Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
36889000
CY2020Q2 us-gaap Advertising Expense
AdvertisingExpense
864000
CY2020Q2 us-gaap Communication
Communication
317000
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
1077000
CY2019Q2 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
869000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
25917000
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
-650000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
26567000
us-gaap Noninterest Income
NoninterestIncome
59447000
us-gaap Real Estate Investment Partnership Cost Of Sales
RealEstateInvestmentPartnershipCostOfSales
51000
wsbf Segment Loan Processing Expense
SegmentLoanProcessingExpense
1684000
us-gaap Other Noninterest Expense
OtherNoninterestExpense
4076000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
21310000
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
7667000

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