Bank · FDIC insured
WaterStone Bank
A $2.3B bank headquartered in Wauwatosa, WI, with 15 branches in Wisconsin. Best rates: CDs 4.40% and savings 0.25% APY.
WaterStone Bank Carrot Score
72
Carrot Score
Higher than 31% of U.S. banks and credit unions
#38 of 54 in Milwaukee, WI metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About WaterStone Bank
Founded in 1921 as Wauwatosa Building and Loan by Edward F. Geske and local businessmen in Wauwatosa, Wisconsin, WaterStone Bank later became a savings bank in 1994.
The institution officially changed its name to WaterStone Bank, SSB in 2008, with holding company Waterstone Financial becoming a fully public NASDAQ-traded company in 2014.
WaterStone Bank operates 14 branch locations across Milwaukee, Waukesha, and Washington counties in Southeast Wisconsin.
- Headquarters
- 11200 W Plank Ct, Wauwatosa, WI 53226
- FDIC certificate
- 28513 ↗
Branches
15 branches in Wisconsin
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Wisconsin
15 branches
- Brookfield Wi Branch17495 W Capitol Dr, Brookfield, WI 53045Directions
- Waukesha Branch21505 Us-18 E, Brookfield, WI 53045Directions
- Fox Point Branch8607 N Port Washington Rd, Fox Point, WI 53217Directions
- Franklin Branch6555 S 108th St, Franklin, WI 53132Directions
- Germantown BranchW188n9820 Appleton Ave, Germantown, WI 53022Directions
- Greenfield Branch5000 W Loomis Rd, Greenfield, WI 53220Directions
- Oklahoma Branch6801 W Oklahoma Ave, Milwaukee, WI 53219Directions
- Howell8780 S Howell Ave, Oak Creek, WI 53154Directions
- Oak Creek Branch6560 S 27th St, Oak Creek, WI 53154Directions
- Oconomowoc Branch1239-45 Oconomowoc Drive, Oconomowoc, WI 53066Directions
- George Towne Drive Branch1230 George Towne Dr, Pewaukee, WI 53072Directions
- State Street Drive Up Facility Branch7136 W State St, Wauwatosa, WI 53213Directions
- Wauwatosa State Street Office7500 W State St, Wauwatosa, WI 53213Directions
- National10296 W National Ave, West Allis, WI 53227Directions
- West Allis Branch10101 W Greenfield Ave, West Allis, WI 53214Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 15.43% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.36% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.28% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $125 | $88 | — |
- CapitalLeverage ratio15.43%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.36%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.28%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$125Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of WaterStone Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.