Overview / Commentary
Westfield Bank is headquartered in Westfield and is the 21st largest bank in the state of Massachusetts. It is also the 436th largest bank in the nation. It was established in 1853 and as of June of 2022, it had grown to 328 employees at 27 locations. Westfield Bank has an A health rating.
Reviews (1)
Best Bank Ever
Posted by: Liza7183 | Dec 17, 2020
Best Bank Ever. Always Nice people in My locations. very Very Nice.
Health
A
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 90300 |
| Year Established | 1853 |
| Employees | 328 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 11.05% |
| Annual Interest Income | $40.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.57B$2.46B |
| Loans | Q2 2022vs Q2 2021 | $1.96B$1.86B |
| Deposits | Q2 2022vs Q2 2021 | $2.30B$2.19B |
| Equity Capital | Q2 2022vs Q2 2021 | $220.6MM$214.5MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $19.6MM$19.9MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $4.0MM$5.8MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
