Call reports 2018
WESTFIELD BANK — 2018
What WESTFIELD BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 2,082,224,000 | 2,092,608,000 | 2,147,502,000 | 2,116,384,000 |
| Total loans | 1,646,990,000 | 1,668,875,000 | 1,692,568,000 | 1,696,857,000 |
| Allowance for loan losses | 11,370,000 | 11,986,000 | 12,235,000 | 12,053,000 |
| Securities available for sale | 266,963,000 | 259,689,000 | 252,984,000 | 253,748,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,559,695,000 | 1,557,715,000 | 1,614,511,000 | 1,600,648,000 |
| Interest-bearing deposits | 1,483,166,000 | 1,483,630,000 | 1,539,015,000 | 1,518,141,000 |
| Noninterest-bearing deposits | 76,529,000 | 74,085,000 | 75,496,000 | 82,507,000 |
| Equity capital | 232,300,000 | 230,923,000 | 229,485,000 | 225,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 18,732,000 | 39,195,000 | 58,801,000 | 78,990,000 |
| Interest expense | 4,010,000 | 8,609,000 | 13,609,000 | 18,978,000 |
| Net interest income | 14,722,000 | 30,586,000 | 45,192,000 | 60,012,000 |
| Noninterest income | 2,074,000 | 5,097,000 | 7,433,000 | 9,656,000 |
| Noninterest expense | 10,853,000 | 21,801,000 | 32,812,000 | 44,115,000 |
| Provision for loan losses | 500,000 | 1,250,000 | 1,600,000 | 1,900,000 |
| Pretax income | 5,136,000 | 12,235,000 | 17,773,000 | 23,230,000 |
| Income tax | 1,207,000 | 2,718,000 | 3,913,000 | 5,235,000 |
| Net income | 3,929,000 | 9,517,000 | 13,860,000 | 17,995,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 232,042,000 | 231,491,000 | 230,938,000 | 223,516,000 |
| Total capital | 243,412,000 | 243,477,000 | 243,173,000 | 235,569,000 |
| Risk-weighted assets | 1,630,543,000 | 1,640,810,000 | 1,655,136,000 | 1,661,145,000 |