Call reports 2016
WESTFIELD BANK — 2016
What WESTFIELD BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,367,455,000 | 1,304,358,000 | 1,375,900,000 | 2,073,257,000 |
| Total loans | 826,963,000 | 906,212,000 | 947,620,000 | 1,566,484,000 |
| Allowance for loan losses | 8,855,000 | 9,570,000 | 9,927,000 | 10,068,000 |
| Securities available for sale | 300,603,000 | 294,888,000 | 293,878,000 | 300,115,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 930,181,000 | 923,070,000 | 965,054,000 | 1,523,143,000 |
| Interest-bearing deposits | 893,052,000 | 887,104,000 | 921,265,000 | 1,445,697,000 |
| Noninterest-bearing deposits | 37,129,000 | 35,966,000 | 43,789,000 | 77,446,000 |
| Equity capital | 134,869,000 | 136,235,000 | 136,621,000 | 230,633,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 10,946,000 | 21,491,000 | 32,459,000 | 48,566,000 |
| Interest expense | 2,718,000 | 5,270,000 | 7,918,000 | 11,285,000 |
| Net interest income | 8,228,000 | 16,221,000 | 24,541,000 | 37,281,000 |
| Noninterest income | 1,245,000 | 2,507,000 | 3,829,000 | 5,739,000 |
| Noninterest expense | 7,587,000 | 15,238,000 | 23,122,000 | 34,781,000 |
| Provision for loan losses | -600,000 | 25,000 | 400,000 | 575,000 |
| Pretax income | 3,171,000 | 4,148,000 | 5,532,000 | 8,352,000 |
| Income tax | 936,000 | 1,298,000 | 1,848,000 | 2,898,000 |
| Net income | 2,235,000 | 2,850,000 | 3,684,000 | 5,454,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 144,074,000 | 144,007,000 | 144,070,000 | 227,498,000 |
| Total capital | 152,989,000 | 153,637,000 | 154,057,000 | 237,626,000 |
| Risk-weighted assets | 929,730,000 | 977,699,000 | 1,013,437,000 | 1,623,490,000 |