Vitals
  • Total Assets
    2.1B 54.9 %
  • Total Deposits
    1.5B 68.7 %
  • Total Net Loans
    1.6B 92.3 %
  • Net Income
    5.5M -17.9 %
  • Book Value
    230.6M 75.5 %
  • Book Value x2
    461.3M 75.5 %
  • Book Value x3
    691.9M 75.5 %
ROAA

.282

ROAE

2.365

Efficiency Ratio

80.704

Net Interest Margin

1.955

Balance Sheet Highlights
Financial Highlights Westfield Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 2,073,257 761,274
Total Net Loans 1,556,416 592,852
Total Deposits 1,523,143 596,855
Total Equity 230,633 82,059
Profitability
Net Income 5,454 4,648
Return on Average Assets .282 .538
Return on Average Equity 2.365 4.944
Net Interest Margin 1.955 3.143
Efficiency Ratio 80.704 77.098
Noninterest Income/Revenue 10.553 14.538
Balance Sheet Ratios
Loan-to-Deposit 102.185 95.714
Securities/Assets .145 .124
Total Equity/Total Assets .111 .108
Tangible Equity/Tangible Assets .102 .106
Capital Adequacy
Tier 1 Common Capital 227,498 80,540
Tier 1 Capital 227,498 80,580
Tier 2 Capital 10,128 5,839
Total Capital 237,626 86,408
Total Risk Weighted Assets 1,623,490 559,688
Leverage Ratio 11.86 10.827
Common Equity Tier 1 Capital Ratio 14.01 15.478
Tier 1 Capital Ratio 14.01 15.53
Total Capital Ratio 14.64 16.563

Timeline for Westfield Bank

Chicopee Savings Bank

Acquisition: Westfield Bank acquired a new subsidiary, Chicopee Savings Bank, 7 years

View Profile Oct 22 2016

Csb Investment Corporation

Csb Investment Corporation became a new subsidiary organization for Westfield Bank.

View Profile Oct 22 2016

Csb Colts, Inc.

Csb Colts, Inc. became a new subsidiary organization for Westfield Bank.

View Profile Oct 22 2016

Cabot Realty, L.L.C.

Cabot Realty, L.L.C. became a new subsidiary organization for Westfield Bank.

View Profile Oct 22 2016

Elm Street Securities Corporation

Elm Street Securities Corporation became a new subsidiary organization for Westfield Bank.

View Profile Apr 01 2011

Want to see more?

Complete timeline for Westfield Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Chicopee Savings Bank Seller 723,903 Acquisition Discontinued 10/22/2016
Relationships Role Relationship Start Relationship End
Western New England Bancorp, Inc. Parent 7/21/2011
Western New England Bancorp, Inc. Parent 1/3/2007 7/20/2011
Westfield Financial, Inc. Parent 12/27/2001 7/23/2004
Westfield Mutual Holding Company Parent 1/1/1996 12/26/2001
Csb Investment Corporation Subsidary 10/22/2016
Csb Colts, Inc. Subsidary 10/22/2016
Cabot Realty, L.L.C. Subsidary 10/22/2016
Elm Street Securities Corporation Subsidary 7/21/2011
Wb Real Estate Holdings, Llc Subsidary 7/21/2011
Elm Street Securities Corporation Subsidary 4/1/2011 7/20/2011
Wb Real Estate Holdings, Llc Subsidary 4/1/2011 7/20/2011
Elm Street Real Estate Investments Inc. Subsidary 9/30/2000 7/23/2004
Westfield Elm Associates, Inc Subsidary 3/13/1998 9/30/2000
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