Call reports 2017
WESTFIELD BANK — 2017
What WESTFIELD BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 2,083,863,000 | 2,070,246,000 | 2,082,234,000 | 2,078,666,000 |
| Total loans | 1,599,607,000 | 1,608,664,000 | 1,618,773,000 | 1,630,681,000 |
| Allowance for loan losses | 10,227,000 | 10,418,000 | 10,518,000 | 10,831,000 |
| Securities available for sale | 305,680,000 | 303,395,000 | 297,919,000 | 288,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,524,297,000 | 1,497,662,000 | 1,518,036,000 | 1,509,423,000 |
| Interest-bearing deposits | 1,452,023,000 | 1,425,653,000 | 1,441,534,000 | 1,436,870,000 |
| Noninterest-bearing deposits | 72,274,000 | 72,009,000 | 76,502,000 | 72,553,000 |
| Equity capital | 235,887,000 | 240,696,000 | 242,419,000 | 237,056,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 17,956,000 | 36,282,000 | 54,797,000 | 74,036,000 |
| Interest expense | 3,454,000 | 7,039,000 | 10,759,000 | 14,645,000 |
| Net interest income | 14,502,000 | 29,243,000 | 44,038,000 | 59,391,000 |
| Noninterest income | 2,081,000 | 4,110,000 | 6,451,000 | 8,448,000 |
| Noninterest expense | 10,510,000 | 21,282,000 | 31,904,000 | 42,843,000 |
| Provision for loan losses | 300,000 | 650,000 | 850,000 | 1,360,000 |
| Pretax income | 5,709,000 | 11,403,000 | 17,787,000 | 23,688,000 |
| Income tax | 974,000 | 2,790,000 | 4,950,000 | 10,939,000 |
| Net income | 4,735,000 | 8,613,000 | 12,837,000 | 12,749,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 232,101,000 | 236,081,000 | 237,223,000 | 234,549,000 |
| Total capital | 242,388,000 | 246,559,000 | 247,801,000 | 245,380,000 |
| Risk-weighted assets | 1,616,750,000 | 1,626,162,000 | 1,632,627,000 | 1,642,082,000 |