Call reports 2023
WESTFIELD BANK — 2023
What WESTFIELD BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,558,421,000 | 2,559,201,000 | 2,580,523,000 | 2,561,767,000 |
| Total loans | 2,006,499,000 | 2,015,593,000 | 2,014,820,000 | 2,027,317,000 |
| Allowance for loan losses | 19,031,000 | 19,647,000 | 19,978,000 | 20,267,000 |
| Securities available for sale | 146,373,000 | 141,481,000 | 130,709,000 | 137,115,000 |
| Securities held to maturity | 226,996,000 | 222,900,000 | 225,020,000 | 223,370,000 |
| Trading assets | 5,344,000 | 5,825,000 | 7,087,000 | 5,239,000 |
| Total deposits | 2,159,071,000 | 2,159,932,000 | 2,179,359,000 | 2,147,486,000 |
| Interest-bearing deposits | 2,032,350,000 | 2,049,338,000 | 2,066,630,000 | 2,029,572,000 |
| Noninterest-bearing deposits | 126,721,000 | 110,594,000 | 112,729,000 | 117,914,000 |
| Equity capital | 238,887,000 | 240,041,000 | 234,612,000 | 242,780,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 23,634,000 | 48,441,000 | 74,324,000 | 101,084,000 |
| Interest expense | 4,880,000 | 12,590,000 | 21,855,000 | 32,195,000 |
| Net interest income | 18,754,000 | 35,851,000 | 52,469,000 | 68,889,000 |
| Noninterest income | 2,979,000 | 4,571,000 | 8,183,000 | 10,897,000 |
| Noninterest expense | 14,221,000 | 28,207,000 | 41,875,000 | 56,295,000 |
| Provision for loan losses | -232,000 | 359,000 | 768,000 | 1,193,000 |
| Pretax income | 7,900,000 | 12,183,000 | 18,391,000 | 22,618,000 |
| Income tax | 1,790,000 | 2,594,000 | 3,720,000 | 4,908,000 |
| Net income | 6,110,000 | 9,589,000 | 14,671,000 | 17,710,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 247,996,000 | 249,340,000 | 249,441,000 | 250,734,000 |
| Total capital | 267,503,000 | 269,398,000 | 269,776,000 | 271,420,000 |
| Risk-weighted assets | 1,983,521,000 | 1,996,497,000 | 1,988,990,000 | 1,946,386,000 |