Call reports 2023
WESTFIELD BANK, FSB — 2023
What WESTFIELD BANK, FSB 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 | 2,094,259,000 | 2,128,746,000 | 2,024,572,000 | 2,082,931,000 |
| Total loans | 1,577,968,000 | 1,594,916,000 | 1,566,349,000 | 1,557,816,000 |
| Allowance for loan losses | 18,736,000 | 19,293,000 | 18,854,000 | 18,161,000 |
| Securities available for sale | 257,259,000 | 246,358,000 | 232,133,000 | 249,015,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 3,358,000 | 4,229,000 | 4,983,000 | 3,421,000 |
| Total deposits | 1,703,425,000 | 1,717,767,000 | 1,732,186,000 | 1,733,030,000 |
| Interest-bearing deposits | 1,301,253,000 | 1,301,438,000 | 1,353,614,000 | 1,342,716,000 |
| Noninterest-bearing deposits | 402,172,000 | 416,329,000 | 378,572,000 | 390,314,000 |
| Equity capital | 200,715,000 | 202,095,000 | 202,808,000 | 216,232,000 |
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 | 20,301,000 | 41,804,000 | 64,575,000 | 87,943,000 |
| Interest expense | 6,705,000 | 15,395,000 | 24,657,000 | 35,881,000 |
| Net interest income | 13,596,000 | 26,409,000 | 39,918,000 | 52,062,000 |
| Noninterest income | 2,201,000 | 4,723,000 | 6,748,000 | 9,303,000 |
| Noninterest expense | 10,295,000 | 20,471,000 | 29,995,000 | 40,066,000 |
| Provision for loan losses | 498,000 | 1,102,000 | 644,000 | 201,000 |
| Pretax income | 4,932,000 | 9,326,000 | 16,162,000 | 20,979,000 |
| Income tax | 909,000 | 1,695,000 | 2,985,000 | 3,871,000 |
| Net income | 4,023,000 | 7,631,000 | 13,177,000 | 17,108,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 210,137,000 | 213,745,000 | 219,291,000 | 223,223,000 |