Call reports 2021
WESTFIELD BANK, FSB — 2021
What WESTFIELD BANK, FSB reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 2,027,769,000 | 1,956,051,000 | 1,947,551,000 | 1,913,683,000 |
| Total loans | 1,470,239,000 | 1,421,563,000 | 1,390,230,000 | 1,429,765,000 |
| Allowance for loan losses | 14,689,000 | 14,765,000 | 14,228,000 | 14,953,000 |
| Securities available for sale | 249,429,000 | 268,522,000 | 282,095,000 | 306,416,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 3,357,000 | 3,758,000 | 3,287,000 | 2,703,000 |
| Total deposits | 1,757,180,000 | 1,681,409,000 | 1,670,993,000 | 1,625,570,000 |
| Interest-bearing deposits | 1,334,812,000 | 1,278,589,000 | 1,274,606,000 | 1,246,508,000 |
| Noninterest-bearing deposits | 422,368,000 | 402,820,000 | 396,387,000 | 379,062,000 |
| Equity capital | 197,167,000 | 203,899,000 | 208,826,000 | 208,050,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 16,345,000 | 32,664,000 | 48,978,000 | 65,111,000 |
| Interest expense | 1,800,000 | 3,174,000 | 4,462,000 | 5,641,000 |
| Net interest income | 14,545,000 | 29,490,000 | 44,516,000 | 59,470,000 |
| Noninterest income | 2,864,000 | 4,742,000 | 7,567,000 | 9,398,000 |
| Noninterest expense | 9,398,000 | 19,395,000 | 30,016,000 | 42,051,000 |
| Provision for loan losses | 0 | 0 | 0 | 280,000 |
| Pretax income | 8,011,000 | 14,837,000 | 22,067,000 | 26,537,000 |
| Income tax | 1,589,000 | 2,934,000 | 4,453,000 | 5,093,000 |
| Net income | 6,422,000 | 11,903,000 | 17,614,000 | 21,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 179,265,000 | 184,775,000 | 190,516,000 | 191,228,000 |