Westfield Bank is headquartered in WESTFIELD and is the 23rd largest bank in the state of Massachusetts. It is also the 468th largest bank in the nation. It was established in 1853 and as of March of 2025, it had grown to 312 employees at 27 locations. Westfield Bank has an A health rating.
Overall | |
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FDIC Certificate # | 90300 |
Year Established | 1853 |
Employees | 312 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.45% |
Return on Equity - YTD | 4.95% |
Annual Interest Income | $28.4MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $2.71B$2.56B |
Loans | Q1 2025vs Q1 2024 | $2.06B$2.01B |
Deposits | Q1 2025vs Q1 2024 | $2.33B$2.15B |
Equity Capital | Q1 2025vs Q1 2024 | $243MM$241.5MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $19.7MM$19.9MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $5.5MM$5.7MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.15% | $10 | - | Signature Savings | |
0.10% | $10 | - | Ready, Set, Grow Savings | |
0.05% | $10 | - | Classic Statement Savings | |
0.05% | $10 | - | Free Statement Savings w/Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $10 | - | WB Portfolio Checking | |
0.05% | $10 | - | WB Interest Checking |