Call reports 2020
WESTFIELD BANK, FSB — 2020
What WESTFIELD BANK, FSB 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 | 1,593,287,000 | 1,794,589,000 | 1,868,791,000 | 1,843,783,000 |
| Total loans | 1,214,510,000 | 1,439,283,000 | 1,455,022,000 | 1,473,460,000 |
| Allowance for loan losses | 10,664,000 | 11,876,000 | 13,568,000 | 14,358,000 |
| Securities available for sale | 151,872,000 | 159,447,000 | 151,258,000 | 163,214,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 6,206,000 | 6,369,000 | 6,244,000 | 5,560,000 |
| Total deposits | 1,326,247,000 | 1,512,872,000 | 1,588,991,000 | 1,568,450,000 |
| Interest-bearing deposits | 1,056,404,000 | 1,107,576,000 | 1,213,845,000 | 1,178,854,000 |
| Noninterest-bearing deposits | 269,843,000 | 405,296,000 | 375,146,000 | 389,596,000 |
| Equity capital | 183,337,000 | 187,462,000 | 189,180,000 | 193,373,000 |
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 | 14,942,000 | 30,171,000 | 45,673,000 | 63,806,000 |
| Interest expense | 3,331,000 | 5,907,000 | 8,094,000 | 9,993,000 |
| Net interest income | 11,611,000 | 24,264,000 | 37,579,000 | 53,813,000 |
| Noninterest income | 2,097,000 | 3,920,000 | 6,236,000 | 8,207,000 |
| Noninterest expense | 9,350,000 | 18,305,000 | 28,249,000 | 38,360,000 |
| Provision for loan losses | 348,000 | 1,612,000 | 3,325,000 | 4,482,000 |
| Pretax income | 4,010,000 | 8,267,000 | 12,245,000 | 19,183,000 |
| Income tax | 768,000 | 1,584,000 | 2,324,000 | 3,722,000 |
| Net income | 3,242,000 | 6,683,000 | 9,921,000 | 15,461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 162,524,000 | 166,008,000 | 168,230,000 | 172,813,000 |