Call reports 2020
WESTFIELD BANK — 2020
What WESTFIELD BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,188,361,000 | 2,432,025,000 | 2,480,786,000 | 2,363,633,000 |
| Total loans | 1,804,175,000 | 1,999,533,000 | 1,974,387,000 | 1,927,383,000 |
| Allowance for loan losses | 15,837,000 | 18,253,000 | 20,692,000 | 21,157,000 |
| Securities available for sale | 215,118,000 | 224,509,000 | 191,569,000 | 201,880,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,858,000 | 1,966,000 | 2,143,000 | 1,554,000 |
| Total deposits | 1,712,302,000 | 1,950,576,000 | 2,017,980,000 | 2,044,638,000 |
| Interest-bearing deposits | 1,623,371,000 | 1,847,961,000 | 1,912,779,000 | 1,933,670,000 |
| Noninterest-bearing deposits | 88,931,000 | 102,615,000 | 105,201,000 | 110,968,000 |
| Equity capital | 215,203,000 | 216,697,000 | 217,398,000 | 214,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 20,390,000 | 40,720,000 | 61,167,000 | 82,875,000 |
| Interest expense | 5,837,000 | 11,075,000 | 15,532,000 | 18,445,000 |
| Net interest income | 14,553,000 | 29,645,000 | 45,635,000 | 64,430,000 |
| Noninterest income | 2,400,000 | 4,439,000 | 4,690,000 | 7,177,000 |
| Noninterest expense | 11,845,000 | 23,661,000 | 36,088,000 | 49,925,000 |
| Provision for loan losses | 2,100,000 | 4,550,000 | 7,275,000 | 7,775,000 |
| Pretax income | 3,133,000 | 6,046,000 | 9,060,000 | 15,981,000 |
| Income tax | 683,000 | 1,227,000 | 1,785,000 | 3,292,000 |
| Net income | 2,450,000 | 4,819,000 | 7,275,000 | 12,689,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 206,670,000 | 207,628,000 | 208,568,000 | 210,722,000 |
| Total capital | 222,507,000 | 225,881,000 | 229,260,000 | 231,531,000 |
| Risk-weighted assets | 1,738,612,000 | 1,701,994,000 | 1,672,217,000 | 1,664,359,000 |