Waterstone financial, inc. (WSBF)
Income statement / TTM
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

72,818

72,235

71,156

69,938

68,612

66,966

65,244

63,759

62,044

60,824

59,652

58,551

57,639

57,185

56,291

55,654

55,646

55,175

55,632

56,457

56,960

57,316

57,604

57,524

0

0

0

0

Mortgage-related securities

2,921

2,978

2,983

2,889

2,769

2,648

2,550

2,554

2,588

2,646

2,698

2,794

2,906

3,048

3,149

3,198

3,228

3,229

3,305

3,348

3,276

2,996

2,597

2,181

0

0

0

0

Debt securities, federal funds sold and short-term investments

4,282

4,528

4,652

4,632

4,528

4,086

3,894

3,782

3,640

3,625

3,491

3,373

3,381

3,503

3,642

3,695

3,667

3,559

3,458

3,395

3,363

3,322

3,126

2,920

0

0

0

0

Total interest income

80,021

79,741

78,791

77,459

75,909

73,700

71,688

70,095

68,272

67,095

65,841

64,718

63,926

63,736

63,082

62,547

62,541

61,963

62,395

63,200

63,599

63,634

63,327

62,625

0

0

0

0

Interest expense:
Deposits

17,606

17,278

16,353

14,937

13,303

11,627

10,212

9,130

8,258

7,739

7,501

7,443

7,440

7,364

7,105

6,722

6,245

5,879

5,655

5,452

5,219

4,926

4,759

4,775

0

0

0

0

Borrowings

10,628

10,266

9,901

9,289

8,634

7,896

7,441

7,747

8,035

8,623

8,960

9,603

11,130

12,928

15,066

16,329

16,905

17,240

17,251

17,255

17,337

17,401

17,766

18,041

0

0

0

0

Total interest expense

28,234

27,544

26,254

24,226

21,937

19,523

17,653

16,877

16,293

16,362

16,461

17,046

18,570

20,292

22,171

23,051

23,150

23,119

22,906

22,707

22,556

22,327

22,525

22,816

0

0

0

0

Net interest income

51,787

52,197

52,537

53,233

53,972

54,177

54,035

53,218

51,979

50,733

49,380

47,672

45,356

43,444

40,911

39,496

39,391

38,844

39,489

40,493

41,043

41,307

40,802

39,809

0

0

0

0

Provision for loan losses

565

-900

-730

-610

-860

-1,060

-1,060

-1,080

-835

-1,166

-1,126

-1,011

-1,036

380

585

1,030

1,835

1,965

2,020

1,755

1,235

1,150

1,850

2,735

0

0

0

0

Net interest income after provision for loan losses

51,222

53,097

53,267

53,843

54,832

55,237

55,095

54,298

52,814

51,899

50,506

48,683

46,392

43,064

40,326

38,466

37,556

36,879

37,469

38,738

39,808

40,157

38,952

37,074

0

0

0

0

Noninterest income:
Service charges on loans and deposits

2,465

2,363

1,620

1,559

1,660

1,680

1,632

1,671

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges on loans and deposits

-

-

-

-

-

-

-

-

-

-

-

-

2,262

-

2,177

1,752

1,579

1,648

1,795

1,748

1,638

1,486

1,220

1,251

0

0

0

0

Increase in cash surrender value of life insurance

1,944

1,935

1,931

1,898

1,864

1,848

1,827

1,820

1,817

1,807

1,797

1,843

1,844

1,767

1,668

1,570

1,451

1,417

1,404

1,398

1,351

1,290

1,609

1,240

0

0

0

0

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

44

44

44

44

0

0

0

0

0

0

0

Mortgage banking income

132,713

125,666

117,747

114,338

112,323

113,151

120,793

124,364

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking income

-

-

-

-

-

-

-

-

-

-

-

-

125,142

-

113,140

104,296

98,893

99,318

96,562

91,907

84,518

77,982

76,917

80,319

0

0

0

0

Other

835

786

1,279

1,350

1,426

1,520

908

839

748

1,044

1,364

1,498

1,609

1,297

1,073

1,579

1,963

2,047

2,239

2,307

2,009

3,827

5,449

5,181

0

0

0

0

Total noninterest income

137,957

130,750

122,577

119,145

117,273

118,199

120,744

119,736

123,659

124,413

127,389

131,747

130,857

126,365

118,058

109,197

103,886

104,474

102,027

97,387

89,543

84,568

85,195

87,991

0

0

0

0

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

105,480

101,718

98,341

98,280

97,440

97,784

98,022

96,722

98,072

97,084

97,820

99,240

97,365

95,056

90,137

83,798

81,361

81,753

80,338

77,273

72,191

69,172

67,993

69,768

0

0

0

0

Occupancy, office furniture and equipment

10,571

10,606

10,945

11,067

10,992

10,855

10,586

10,368

10,290

10,178

9,860

9,646

9,538

9,347

9,357

9,330

9,180

9,287

9,490

9,775

10,127

10,369

10,101

9,386

0

0

0

0

Advertising

3,827

3,885

3,873

4,184

4,221

4,123

4,003

3,600

3,469

3,333

3,183

3,023

2,809

2,743

2,801

2,895

2,952

2,947

2,817

2,740

2,866

2,949

2,970

3,088

0

0

0

0

Data processing

3,867

3,630

3,376

3,182

2,936

2,792

2,642

2,456

2,466

2,439

2,477

2,470

2,475

2,520

2,454

2,430

2,422

2,354

2,342

2,332

2,261

2,245

2,216

2,118

0

0

0

0

Communications

1,369

1,359

1,421

1,475

1,557

1,611

1,619

1,601

1,563

1,560

1,544

1,524

1,499

1,462

1,451

1,409

1,388

1,416

1,493

1,591

1,638

1,690

1,648

1,560

0

0

0

0

Professional fees

4,742

3,605

2,835

2,464

2,322

2,327

2,633

2,679

2,749

2,656

2,602

2,447

2,219

2,135

2,069

2,237

2,380

2,354

2,693

2,492

2,382

2,393

2,097

2,386

0

0

0

0

Real estate owned

-167

-146

13

-139

-284

1

184

292

285

379

313

370

666

399

990

1,639

0

-

0

0

-

-

-

-

-

-

-

-

Real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,755

1,102

0

0

0

0

FDIC insurance premiums

0

-

0

0

0

-

0

0

0

-

481

492

530

-

708

811

927

1,058

1,199

1,292

1,325

1,395

1,562

1,606

0

0

0

0

Other

8,884

8,328

8,793

9,299

9,985

10,291

8,514

9,083

10,144

11,188

11,462

11,755

11,910

10,898

12,257

11,960

11,453

11,701

11,903

12,005

12,347

12,123

12,339

12,084

0

0

0

0

Total noninterest expenses

142,132

136,273

132,782

132,976

132,358

133,156

133,628

131,518

132,968

131,879

132,002

133,227

131,271

127,435

122,367

116,612

114,328

115,534

114,714

111,958

107,614

104,818

102,681

103,098

0

0

0

0

Income before income taxes

47,047

47,574

43,062

40,012

39,747

40,280

42,211

42,516

43,505

44,433

45,893

47,203

45,978

41,994

36,017

31,051

27,114

25,819

24,782

24,167

21,737

19,907

21,466

21,967

0

0

0

0

Income tax expense

11,617

11,671

10,275

9,446

9,404

9,526

14,020

15,639

17,160

18,469

16,645

17,839

17,735

16,462

13,813

11,153

9,699

9,249

8,969

8,788

7,872

7,175

7,829

8,168

0

0

0

0

Net income

35,430

35,903

32,787

30,566

30,343

30,754

28,191

26,877

26,345

25,964

29,248

29,364

28,243

25,532

22,204

19,898

17,415

16,570

15,813

15,379

13,865

12,732

13,637

13,799

0

0

0

0

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