Waterstone Financial, Inc.
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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Jun 30, 2026 · Filed Aug 6, 2026
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Item 1A. Risk Factors
The following risk factors applicable to the Company supplement those disclosed in “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and should be read in conjunction therewith.
Risk Related to Mortgage Banking Operations
The profitability of our mortgage banking operations depend significantly on the margins we earn from our mortgage banking activities, which include originating and selling residential mortgage loans. Mortgage banking margins are volatile and influenced by several factors beyond our control including market interest rates and related demand for residential loans from both consumers, as well as investors to whom we sell the loans that we have originated. During the quarter ended June 30, 2026 the results of operations for our mortgage baking operations were negatively impacted by lower sales margins received from investors in the secondary market. Continued lower sales margins received upon the sale of mortgage loans could have a negative impact on the result of operations of the mortgage banking segment, and the profitability of consolidated results of operations for the Company.
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