Call reports 2019
WESTFIELD BANK — 2019
What WESTFIELD BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 2,113,370,000 | 2,124,872,000 | 2,171,146,000 | 2,179,440,000 |
| Total loans | 1,680,667,000 | 1,722,161,000 | 1,751,582,000 | 1,776,034,000 |
| Allowance for loan losses | 11,879,000 | 12,423,000 | 13,272,000 | 14,102,000 |
| Securities available for sale | 244,878,000 | 234,999,000 | 231,258,000 | 227,708,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 100,000 | 149,000 |
| Total deposits | 1,636,390,000 | 1,650,359,000 | 1,678,485,000 | 1,682,908,000 |
| Interest-bearing deposits | 1,556,309,000 | 1,560,956,000 | 1,585,870,000 | 1,592,619,000 |
| Noninterest-bearing deposits | 80,081,000 | 89,403,000 | 92,615,000 | 90,289,000 |
| Equity capital | 215,097,000 | 217,331,000 | 219,469,000 | 219,476,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 20,060,000 | 40,275,000 | 61,079,000 | 82,116,000 |
| Interest expense | 5,734,000 | 11,748,000 | 18,024,000 | 24,137,000 |
| Net interest income | 14,326,000 | 28,527,000 | 43,055,000 | 57,979,000 |
| Noninterest income | 2,066,000 | 4,600,000 | 7,116,000 | 9,634,000 |
| Noninterest expense | 11,545,000 | 23,189,000 | 34,458,000 | 45,807,000 |
| Provision for loan losses | 50,000 | 400,000 | 1,675,000 | 2,675,000 |
| Pretax income | 4,902,000 | 9,626,000 | 14,220,000 | 19,199,000 |
| Income tax | 1,128,000 | 2,214,000 | 3,217,000 | 4,339,000 |
| Net income | 3,774,000 | 7,412,000 | 11,003,000 | 14,860,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 210,223,000 | 210,081,000 | 211,057,000 | 213,576,000 |
| Total capital | 222,102,000 | 222,504,000 | 224,329,000 | 227,678,000 |
| Risk-weighted assets | 1,638,081,000 | 1,669,710,000 | 1,687,895,000 | 1,722,168,000 |