Westfield Bank

141 Elm Street
Westfield, MA 1085
413-568-1911
www.westfieldbank.com

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Westfield Bank is headquartered in Westfield and is the 21^st largest bank in the state of Massachusetts. It is also the 520^th largest bank in the nation. It was established in 1853 and as of March of 2012, it had grown to 201 employees at 12 locations. Westfield Bank has a 5-star health rating.

Westfield Bank Routing Number: 211871604

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See Rates for: Checking | Savings | Money Market | CD | IRA

Westfield Bank Checking Account Rates

Apy	Min	Max	Product
1.00%	$5k	-	IOLTA Checking
0.65%	$500k	-	WB Investment Checking

Westfield Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	$500k	-	Prime Savings
0.10%	-	-	Passbook Savings
0.10%	-	-	Classic Statement Savings
0.10%	-	-	Free Statement Savings

Westfield Bank Money Market Rates

Apy	Min	Max	Product
1.00%	$500k	-	Performance Money Market
0.30%	$500k	-	Business Money Market
0.30%	$500k	-	Business Prime Money Market
0.20%	$50k	-	Summit Money Market

Westfield Bank CD Rates

Apy	Min	Max	Product
1.90%	$1k	-	44 Month Signature CD
1.50%	$1k	-	44 Month Special CD
1.50%	$1k	-	30 Month Signature CD
1.30%	$1k	-	48 Month Classic CD
1.10%	$1k	-	30 Month Special CD
1.10%	$1k	-	20 Month Signature CD
1.00%	$1k	-	36 Month Classic CD
0.80%	$1k	-	11 Month Signature CD
0.60%	$1k	-	24 Month Classic CD
0.50%	$1k	-	12 Month Classic CD
0.50%	$100k	-	120 Day Jumbo CD
0.30%	$1k	-	6 Month Classic CD
0.30%	$100k	-	60 Day Jumbo CD
0.30%	$100k	-	90 Day Jumbo CD
0.20%	$1k	-	3 Month Classic CD

Westfield Bank IRA Rates

Apy	Min	Max	Product
1.90%	$500	-	44 Month Signature IRA
1.90%	$500	-	44 Month Signature Roth IRA
1.90%	$500	-	44 Month Signature CESA
1.50%	$500	-	30 Month Signature IRA
1.50%	$500	-	44 Month Special IRA
1.50%	$500	-	30 Month Signature Roth IRA
1.50%	$500	-	44 Month Special Roth IRA
1.50%	$500	-	30 Month Signature CESA
1.50%	$500	-	44 Month Special CESA
1.30%	$500	-	48 Month Classic IRA
1.30%	$500	-	48 Month Classic Roth IRA
1.30%	$500	-	48 Month Classic CESA
1.10%	$500	-	20 Month Signature IRA
1.10%	$500	-	30 Month Special IRA
1.10%	$500	-	20 Month Signature Roth IRA
1.10%	$500	-	30 Month Special Roth IRA
1.10%	$500	-	20 Month Signature CESA
1.10%	$500	-	30 Month Special CESA
1.00%	$500	-	36 Month Classic IRA
1.00%	$500	-	36 Month Classic Roth IRA
1.00%	$500	-	36 Month Classic CESA
0.80%	$500	-	11 Month Signature IRA
0.80%	$500	-	11 Month Signature Roth IRA
0.80%	$500	-	11 Month Signature CESA
0.60%	$500	-	24 Month Classic IRA
0.60%	$500	-	24 Month Classic Roth IRA
0.60%	$500	-	24 Month Classic CESA
0.50%	$500	-	12 Month Classic IRA
0.50%	$50	-	12 Month ADD-ON IRA
0.50%	$50	-	12 Month ADD-ON Roth IRA
0.50%	$500	-	12 Month Classic Roth IRA
0.50%	$50	-	12 Month ADD-ON CESA
0.50%	$500	-	12 Month Classic CESA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Westfield Bank
OTS #	17968
FDIC Certificate #	90300
BankRate Report	View
Year Established	1853
Employees	201
Primary Regulator	OCC
Assets and Liabilities
Assets	$1.29 billion
Loans	$550.57 million
Deposits	$749.46 million
Equity Capital	$207.15 million
Loan Loss Allowance	$7.64 million
Unbacked Noncurrent Loans	$2.60 million
Real Estate Owned	$1.13 million
Historic Data - March 2011
Assets	$1.24 billion
Equity Capital	$211.24 million
Loan Loss Allowance	$6.54 million
Unbacked Noncurrent Loans	$3.71 million
Real Estate Owned	$223,000
Profit Margin - Quarterly
Net Interest Margin	2.49%
Return on Assets	0.94%
Return on Equity	5.72%
Interest Income	$10.70 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Westfield Bank had $3.73 million in non-current loans and owned real-estate with $214.78 million in equity and loan loss allowances on hand to cover it. This gives Westfield Bank a Texas Ratio of 1.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Westfield Bank held steady from 1.80% as of March 31, 2011 to 1.74% as of March 31, 2012, resulting in a positive change of 3.79%.This indicates that the balance sheet and financial strength for Westfield Bank has held steady in recent periods.
Deposit Growth
In the past year, Westfield Bank has increased its total deposits by $41.33 million, resulting in 5.84% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Westfield Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Westfield Bank has $1.29 billion in assets with $214.78 million in equity, resulting in a capitalization level of 16.65%, which is excellent.

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