Waterstone Financial, Inc. is a savings and loan holding company for WaterStone Bank SSB (the Bank). The 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. It operates through two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services to customers primarily within South-eastern Wisconsin. Within this segment, it provides various products and services, including lending solutions, deposit and transactional solutions, investable funds solutions, and fixed and variable annuities, insurance as well as trust and investment management accounts. The mortgage banking segment provides residential mortgage loans for the primary purpose of sale on the secondary market. Mortgage banking products and services are provided by offices in 21 states with the ability to lend in 48 states.