Call reports 2024
WESTFIELD BANK — 2024
What WESTFIELD BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,555,380,000 | 2,583,264,000 | 2,637,887,000 | 2,650,986,000 |
| Total loans | 2,025,566,000 | 2,026,226,000 | 2,049,002,000 | 2,070,189,000 |
| Allowance for loan losses | 19,884,000 | 19,444,000 | 19,955,000 | 19,529,000 |
| Securities available for sale | 138,362,000 | 135,089,000 | 155,889,000 | 160,704,000 |
| Securities held to maturity | 221,242,000 | 217,632,000 | 213,266,000 | 205,036,000 |
| Trading assets | 5,875,000 | 5,922,000 | 4,372,000 | 5,883,000 |
| Total deposits | 2,147,346,000 | 2,175,169,000 | 2,226,013,000 | 2,264,885,000 |
| Interest-bearing deposits | 1,583,819,000 | 1,618,480,000 | 1,655,521,000 | 1,697,027,000 |
| Noninterest-bearing deposits | 563,527,000 | 556,689,000 | 570,492,000 | 567,858,000 |
| Equity capital | 241,480,000 | 241,867,000 | 245,786,000 | 240,994,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 26,600,000 | 53,400,000 | 81,239,000 | 109,823,000 |
| Interest expense | 11,004,000 | 23,082,000 | 35,940,000 | 49,000,000 |
| Net interest income | 15,596,000 | 30,318,000 | 45,299,000 | 60,823,000 |
| Noninterest income | 2,666,000 | 6,496,000 | 9,628,000 | 12,887,000 |
| Noninterest expense | 14,301,000 | 28,296,000 | 42,261,000 | 56,750,000 |
| Provision for loan losses | -450,000 | -880,000 | -271,000 | -825,000 |
| Pretax income | 4,519,000 | 9,374,000 | 12,591,000 | 17,638,000 |
| Income tax | 936,000 | 1,806,000 | 2,520,000 | 3,685,000 |
| Net income | 3,583,000 | 7,568,000 | 10,071,000 | 13,953,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 251,394,000 | 251,849,000 | 250,543,000 | 250,748,000 |
| Total capital | 271,596,000 | 271,755,000 | 271,300,000 | 270,879,000 |
| Risk-weighted assets | 1,945,787,000 | 1,943,509,000 | 1,978,281,000 | 1,984,297,000 |