Call reports 2024
WESTFIELD BANK, FSB — 2024
What WESTFIELD BANK, FSB 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 | 2,110,857,000 | 1,984,775,000 | 2,039,432,000 | 2,054,098,000 |
| Total loans | 1,559,759,000 | 1,541,705,000 | 1,531,017,000 | 1,526,948,000 |
| Allowance for loan losses | 18,427,000 | 17,964,000 | 18,143,000 | 18,140,000 |
| Securities available for sale | 264,007,000 | 274,440,000 | 291,688,000 | 296,795,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 3,426,000 | 3,355,000 | 3,238,000 | 2,696,000 |
| Total deposits | 1,875,410,000 | 1,710,491,000 | 1,785,348,000 | 1,731,161,000 |
| Interest-bearing deposits | 1,420,251,000 | 1,323,910,000 | 1,401,176,000 | 1,371,888,000 |
| Noninterest-bearing deposits | 455,159,000 | 386,581,000 | 384,172,000 | 359,273,000 |
| Equity capital | 218,281,000 | 222,151,000 | 235,206,000 | 234,547,000 |
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 | 24,643,000 | 48,465,000 | 73,553,000 | 98,943,000 |
| Interest expense | 11,575,000 | 22,736,000 | 34,495,000 | 45,996,000 |
| Net interest income | 13,068,000 | 25,729,000 | 39,058,000 | 52,947,000 |
| Noninterest income | 2,254,000 | 6,005,000 | 9,991,000 | 14,471,000 |
| Noninterest expense | 10,472,000 | 21,131,000 | 31,758,000 | 43,218,000 |
| Provision for loan losses | 462,000 | 1,037,000 | 2,205,000 | 2,129,000 |
| Pretax income | 4,467,000 | 9,624,000 | 15,225,000 | 22,263,000 |
| Income tax | 812,000 | 1,758,000 | 2,730,000 | 4,011,000 |
| Net income | 3,655,000 | 7,866,000 | 12,495,000 | 18,252,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 226,877,000 | 231,089,000 | 235,718,000 | 241,474,000 |