What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2022-02-28 compared with 2021-03-02 · 12 added, 70 removed, 17 unchanged (83% of the section changed)

Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchase of Equity Securities

Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchase of

Equity Securities

Our shares of common stock are traded on the NASDAQ Global Select Market® under the symbol WSBF.

The approximate number of shareholders of record of Waterstone common stock as of February 26, 2021 was 1,400.

The approximate number of shareholders

of record of Waterstone common stock as of February 25, 2022 was 1,400.

On that same date there were 24,230,968 shares of common stock issued and outstanding.

9 unchanged sentences

December 1, 2021 - December 31, 2021

(a) On July 21, 2020, the Board of Directors announced the completion of the then-existing stock repurchase plan and authorized the repurchase of 2,000,000 shares of common stock pursuant to a new share repurchase plan.

(a) On December 10, 2021, the Board of Directors announced the termination of the then-existing stock repurchase plan and authorized the repurchase

of 3,500,000 shares of common stock pursuant to a new share repurchase plan.

This plan has no expiration date.

PERFORMANCE GRAPH

Set forth below is a line graph comparing the cumulative total shareholder return on Waterstone Financial common stock, based on the market price of the common stock and assuming reinvestment of cash dividends, with the cumulative total return of companies on the SNL Thrift NASDAQ Index and the Russell 2000.

The graph assumes $100 was invested on December 31, 2015, in Waterstone Financial, Inc.

Set forth below is a line graph comparing the cumulative total shareholder return on Waterstone Financial common stock, based on the

market price of the common stock and assuming reinvestment of cash dividends, with the cumulative total return of companies on the SNL Thrift NASDAQ Index and the Russell 2000.

The graph assumes $100 was invested on December 31, 2016, in Waterstone

Financial, Inc.

common stock and each of those indices.

1 unchanged sentence

Waterstone Financial, Inc.

SNL Thrift NASDAQ index

Selected Financial Data

The summary financial information presented below is derived in part from the Company’s audited financial statements, although the table itself is not audited.

The following data should be read together with the Company’s consolidated financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” later in this report.

At or for the Year Ended December 31,

(In Thousands, except per share amounts)

Selected Financial Condition Data:

Cash and cash equivalents

Securities available for sale

Loans held for sale

Loans receivable

Allowance for loan losses

Loans receivable, net

Real estate owned, net

Total shareholders' equity

Selected Operating Data:

Interest income

Interest expense

Net interest income

Provision for loan losses

Net interest income after provision for loan losses

Noninterest income

Noninterest expense

Income before income taxes

Provision for income taxes

Per common share:

Income per share - basic

Income per share - diluted

Dividends declared

At or for the Year Ended December 31,

Selected Financial Ratios and Other Data:

Performance Ratios:

Return on average assets

Return on average equity

Interest rate spread (1)

Net interest margin (2)

Noninterest expense to average assets

Efficiency ratio (3)

Average interest-earning assets to average interest-bearing liabilities

Dividend payout ratio (4)

Capital Ratios:

Waterstone Financial, Inc.:

Equity to total assets at end of period

Average equity to average assets

Total capital to risk-weighted assets

Tier 1 capital to risk-weighted assets

Common equity tier 1 capital to risk-weighted assets

Tier 1 capital to average assets

WaterStone Bank:

Total capital to risk-weighted assets

Tier I capital to risk-weighted assets

Common equity tier 1 capital to risk-weighted assets

Tier I capital to average assets

Asset Quality Ratios:

Allowance for loan losses as a percent of total loans

Allowance for loan losses as a percent of non-performing loans

Net (recoveries) charge-offs to average outstanding loans during the period

Non-performing loans as a percent of total loans

Non-performing assets as a percent of total assets

Number of full-service banking offices

Number of full-time equivalent employees

(1) Represents the difference between the weighted average yield on average interest-earning assets and the weighted average cost of interest-bearing liabilities.

(2) Represents net interest income as a percent of average interest-earning assets.

(3) Represents noninterest expense divided by the sum of net interest income and noninterest income.

(4) Represents dividends paid per share divided by basic earnings per share.

S&P Composite 1500 Thrifts & Mortgage Finance Index

Russell 2000 Index

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity