Waterstone financial, inc. (WSBF)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Sep'13Jun'13Sep'12
Interest income:
Loans

17,687

18,547

18,558

18,026

17,104

17,468

17,340

16,700

15,458

15,746

15,855

14,985

14,238

14,574

14,754

14,073

13,784

13,680

14,117

14,065

13,313

14,137

14,942

14,568

13,669

14,425

14,862

15,213

Mortgage-related securities

702

718

737

764

759

723

643

644

638

625

647

678

696

677

743

790

838

778

792

820

839

854

835

748

559

455

419

437

Debt securities, federal funds sold and short-term investments

1,063

1,013

1,083

1,123

1,309

1,137

1,063

1,019

867

945

951

877

852

811

833

885

974

950

886

857

866

849

823

825

825

653

617

536

Total interest income

19,452

20,278

20,378

19,913

19,172

19,328

19,046

18,363

16,963

17,316

17,453

16,540

15,786

16,062

16,330

15,748

15,596

15,408

15,795

15,742

15,018

15,840

16,600

16,141

15,053

15,533

15,898

16,186

Interest expense:
Deposits

4,318

4,465

4,479

4,344

3,990

3,540

3,063

2,710

2,314

2,125

1,981

1,838

1,795

1,887

1,923

1,835

1,719

1,628

1,540

1,358

1,353

1,404

1,337

1,125

1,060

1,237

1,353

1,466

Borrowings

2,608

2,687

2,745

2,588

2,246

2,322

2,133

1,933

1,508

1,867

2,439

2,221

2,096

2,204

3,082

3,748

3,894

4,342

4,345

4,324

4,229

4,353

4,349

4,406

4,293

4,718

4,624

4,574

Total interest expense

6,926

7,152

7,224

6,932

6,236

5,862

5,196

4,643

3,822

3,992

4,420

4,059

3,891

4,091

5,005

5,583

5,613

5,970

5,885

5,682

5,582

5,757

5,686

5,531

5,353

5,955

5,977

6,040

Net interest income

12,526

13,126

13,154

12,981

12,936

13,466

13,850

13,720

13,141

13,324

13,033

12,481

11,895

11,971

11,325

10,165

9,983

9,438

9,910

10,060

9,436

10,083

10,914

10,610

9,700

9,578

9,921

10,146

Provision for loan losses

785

-170

-80

30

-680

0

40

-220

-880

0

20

25

-1,211

40

135

0

205

245

580

805

335

300

315

285

250

1,000

1,200

1,760

Net interest income after provision for loan losses

11,741

13,296

13,234

12,951

13,616

13,466

13,810

13,940

14,021

13,324

13,013

12,456

13,106

11,931

11,190

10,165

9,778

9,193

9,330

9,255

9,101

9,783

10,599

10,325

9,450

8,578

8,721

8,386

Noninterest income:
Service charges on loans and deposits

481

1,091

503

390

379

348

442

491

399

-

300

481

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on loans and deposits

-

-

-

-

-

-

-

-

-

-

-

-

367

-

789

616

337

435

364

443

406

582

317

333

254

316

348

365

Increase in cash surrender value of life insurance

353

356

728

507

344

352

695

473

328

331

688

470

318

321

734

471

241

222

636

352

207

209

630

305

146

528

261

140

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

0

-107

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

44

0

0

0

0

0

0

-9

Mortgage banking income

30,406

32,140

36,062

34,105

23,359

24,221

32,653

32,090

24,187

-

31,863

36,224

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

24,687

-

35,552

34,980

20,614

21,994

26,708

29,577

21,039

19,238

22,053

22,188

14,503

18,173

25,455

21,988

Other

224

222

201

188

175

715

272

264

269

103

203

173

565

423

337

284

253

199

843

668

337

391

911

370

2,155

2,013

643

549

Total noninterest income

31,464

33,809

37,494

35,190

24,257

25,636

34,062

33,318

25,183

28,181

33,054

37,241

25,937

31,157

37,412

36,351

21,445

22,850

28,551

31,040

22,033

20,403

23,911

23,196

17,058

21,030

26,707

23,033

Noninterest expenses:
Compensation, payroll taxes, and other employee benefits

24,401

26,491

27,514

27,074

20,639

23,114

27,453

26,234

20,983

23,352

26,153

27,584

19,995

24,088

27,573

25,709

17,686

19,169

21,234

23,272

18,078

17,754

18,169

18,190

15,059

16,575

19,944

16,482

Occupancy, office furniture and equipment

2,741

2,521

2,629

2,680

2,776

2,860

2,751

2,605

2,639

2,591

2,533

2,527

2,527

2,273

2,319

2,419

2,336

2,283

2,292

2,269

2,443

2,486

2,577

2,621

2,685

2,218

1,862

1,916

Advertising

900

1,051

913

963

958

1,039

1,224

1,000

860

919

821

869

724

769

661

655

658

827

755

712

653

697

678

838

736

718

796

824

Data processing

1,006

989

1,003

869

769

735

809

623

625

585

623

633

598

623

616

638

643

557

592

630

575

545

582

559

559

516

484

477

Communications

338

320

358

353

328

382

412

435

382

390

394

397

379

374

374

372

342

363

332

351

370

440

430

398

422

398

342

408

Professional fees

1,832

1,167

954

789

695

397

583

647

700

703

629

717

607

649

474

489

523

583

642

632

497

922

441

522

508

626

730

405

Real estate owned

11

-221

24

19

32

-62

-128

-126

317

121

-20

-133

411

55

37

163

144

-

646

686

-

-

-

-

-

-

-

-

Real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

543

-

665

705

548

-163

12

141

FDIC insurance premiums

1,076

-

858

879

805

-

837

904

988

-

129

117

120

-

140

155

205

208

243

271

336

349

336

304

406

516

380

673

Other

2,903

2,273

1,979

1,729

2,347

2,738

2,485

2,415

2,653

961

3,054

3,476

3,697

1,235

3,347

3,631

2,685

2,594

3,050

3,124

2,933

2,796

3,152

3,466

2,709

3,012

2,897

2,545

Total noninterest expenses

35,208

35,337

36,232

35,355

29,349

31,846

36,426

34,737

30,147

32,318

34,316

36,187

29,058

32,441

35,541

34,231

25,222

27,373

29,786

31,947

26,428

26,553

27,030

27,603

23,632

24,416

27,447

23,871

Income before income taxes

7,997

11,768

14,496

12,786

8,524

7,256

11,446

12,521

9,057

9,187

11,751

13,510

9,985

10,647

13,061

12,285

6,001

4,670

8,095

8,348

4,706

3,633

7,480

5,918

2,876

5,192

7,981

7,548

Income tax expense

1,928

2,974

3,572

3,143

1,982

1,578

2,743

3,101

2,104

6,072

4,362

4,622

3,413

4,248

5,556

4,518

2,140

1,599

2,896

3,064

1,690

1,319

2,715

2,148

993

1,973

3,054

2,923

Net income

6,069

8,794

10,924

9,643

6,542

5,678

8,703

9,420

6,953

3,115

7,389

8,888

6,572

6,399

7,505

7,767

3,861

3,071

5,199

5,284

3,016

2,314

4,765

3,770

1,883

3,219

4,927

4,625

Earnings Per Share [Abstract]
Basic income per share (in dollars per share)

0.24

0.34

0.42

0.37

0.25

0.21

0.32

0.34

0.25

0.12

0.27

0.32

0.24

0.23

0.28

0.29

0.14

0.12

0.19

0.17

0.09

0.08

0.14

0.11

0.05

0.09

0.14

0.14

Diluted income per share (in dollars per share)

0.24

0.34

0.42

0.37

0.24

0.21

0.31

0.34

0.25

0.11

0.26

0.32

0.24

0.23

0.27

0.29

0.14

0.11

0.19

0.17

0.09

0.08

0.14

0.11

0.05

0.09

0.14

0.13

Weighted average shares outstanding:
Weighted average shares outstanding (in shares)

25,405

25,571

25,772

26,242

26,499

26,988

27,451

27,504

27,509

27,526

27,532

27,487

27,323

27,220

27,043

26,919

26,966

26,944

27,490

29,841

32,369

32,336

33,003

34,021

34,264

34,196

34,175

34,152

Diluted weighted average shares outstanding (in shares)

25,612

25,894

25,962

26,412

26,720

27,312

27,680

27,742

27,802

27,821

27,953

27,955

27,867

27,584

27,429

27,204

27,279

27,088

27,795

30,191

32,650

32,585

33,232

34,252

34,503

34,471

34,420

34,383