Waterstone Financial is a holding company for WaterStone Bank, a community bank with roots dating back to the early 20th century, and Waterstone Mortgage Corporation, a mortgage banking subsidiary with operations across multiple states. The company generates revenue through traditional banking operations—residential and commercial real estate lending funded by retail and brokered deposits—and through mortgage banking, which originates single-family residential loans for sale in the secondary market on both servicing-released and servicing-retained bases. The bank competes with larger regional and national banks, credit unions, and non-bank lenders by emphasizing personalized service and community relationships in its primary deposit markets while extending its lending and mortgage origination reach across a broader geographic footprint.