Net income increased to $26.4 million in 2025 from $18.7 million in 2024, representing a 41.3% year-over-year increase. Net interest income rose by $10.6 million (22.9%) to $56.7 million in 2025, primarily due to higher average yields on loans and mortgage-related securities. A negative provision for credit losses of $1.4 million was recorded in 2025, compared to a negative provision of $168,000 in 2024, reflecting improved asset quality and lower expected future losses. Total assets increased by $49.9 million (2.3%) to $2.26 billion at December 31, 2025. Deposits increased by $77.4 million (5.7%) to $1.44 billion, with notable growth in money market & savings accounts (16.2%). Mortgage banking income decreased by $4.3 million (5.2%) to $79.2 million due to lower origination volumes ($98.0 million decrease, or 4.6%) and a 1.0% decrease in gross margin. Total noninterest expenses decreased by $1.8 million (1.6%) to $109.9 million, driven by cost control efforts in the mortgage banking segment. WaterStone Bank maintained strong capital ratios, being classified as 'well-capitalized' with a Common Equity Tier 1 capital ratio of 19.47%, a Tier 1 leverage ratio of 15.43%, and a total risk-based capital ratio of 20.49% at December 31, 2025. The company adopted a Clawback Policy Amendment, effective October 2, 2023, to recover erroneously awarded compensation in the event of an accounting restatement.