Call reports 2022
WESTFIELD BANK — 2022
What WESTFIELD BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,550,998,000 | 2,573,039,000 | 2,576,594,000 | 2,550,802,000 |
| Total loans | 1,926,285,000 | 1,975,700,000 | 2,007,672,000 | 1,991,400,000 |
| Allowance for loan losses | 19,308,000 | 19,560,000 | 20,208,000 | 19,931,000 |
| Securities available for sale | 173,910,000 | 160,925,000 | 148,716,000 | 146,997,000 |
| Securities held to maturity | 237,575,000 | 233,803,000 | 234,387,000 | 230,168,000 |
| Trading assets | 2,812,000 | 4,616,000 | 6,476,000 | 6,343,000 |
| Total deposits | 2,279,714,000 | 2,303,470,000 | 2,289,911,000 | 2,239,241,000 |
| Interest-bearing deposits | 2,157,188,000 | 2,178,943,000 | 2,163,315,000 | 2,101,376,000 |
| Noninterest-bearing deposits | 122,526,000 | 124,527,000 | 126,596,000 | 137,865,000 |
| Equity capital | 221,866,000 | 220,605,000 | 217,787,000 | 233,882,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 19,943,000 | 40,589,000 | 62,343,000 | 85,926,000 |
| Interest expense | 992,000 | 1,992,000 | 3,204,000 | 5,682,000 |
| Net interest income | 18,951,000 | 38,597,000 | 59,139,000 | 80,244,000 |
| Noninterest income | 2,627,000 | 5,594,000 | 8,419,000 | 14,049,000 |
| Noninterest expense | 13,886,000 | 27,710,000 | 41,526,000 | 54,953,000 |
| Provision for loan losses | -425,000 | -125,000 | 550,000 | 700,000 |
| Pretax income | 7,837,000 | 16,101,000 | 24,742,000 | 37,919,000 |
| Income tax | 1,920,000 | 3,787,000 | 5,749,000 | 9,173,000 |
| Net income | 5,917,000 | 12,314,000 | 18,993,000 | 28,746,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 228,335,000 | 233,147,000 | 237,345,000 | 244,864,000 |
| Total capital | 247,643,000 | 252,707,000 | 257,553,000 | 264,795,000 |
| Risk-weighted assets | 1,891,753,000 | 1,946,871,000 | 1,964,606,000 | 1,961,306,000 |