Westfield Bank is an FDIC insured institution headquartered at
141 Elm St, Westfield, MA 01085.
It was founded in
1853 and has approximately $3 billion in
assets. Customers can open an account at one of its 23 branches.
Deposit Rates - November 14, 2024
Loan Rates - November 14, 2024
MORTGAGE PURCHASE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Conforming
6.88%
$2,102.81
7 Year Adjustable Conforming
6.23%
$1,966.97
10 Year Fixed Conforming
6.45%
$3,560.37
15 Year Fixed Conforming
6.69%
$2,737.30
20 Year Fixed Conforming
6.82%
$2,371.16
30 Year Fixed Conforming
6.90%
$2,050.69
MORTGAGE REFINANCE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Conforming
6.88%
$2,102.81
7 Year Adjustable Conforming
6.23%
$1,966.97
10 Year Fixed Conforming
6.45%
$3,560.37
15 Year Fixed Conforming
6.69%
$2,737.30
20 Year Fixed Conforming
6.82%
$2,371.16
30 Year Fixed Conforming
7.28%
$2,050.69
AUTO LOAN RATES
APR(%)
MONTHLY PAYMENT
3 Year
4.17%
$738.10
4 Year
4.13%
$564.48
5 Year
4.10%
$460.41
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 90300
Date Established
1853
Assets
$ 2.58 billion
Loans
$ 2.01 billion
Deposits
$ 2.18 billion
Capital
$ 241.87 million
Summary Balance Sheet as of March 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 51.30 million
Interest-bearing balances
$ 28.16 million
Total securities
$ 352.95 million
Federal funds sold and reverse repurchase
$ 1.95 million
Net loans and leases
$ 2.01 billion
Loan loss allowance
$ 19.44 million
Trading account assets
$ 5.92 million
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 14.49 million
All other assets
$ 110.88 million
Total Assets
$ 2.34 billion
LIABILITIES
Total deposits
$ 2.18 billion
Interest-bearing deposits
$ 1,618.48 million
Deposits held in domestic offices
$ 2.18 billion
% insured (estimated)
73.09%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
$ 5.92 million
Other borrowed funds
$ 6.15 million
Subordinated debt
N.A.
All other liabilities
$ 38.20 millionn
Total Liabilities
$ 2.34 billion
Shareholders’ Equity
$ 241.87 million
Summary Income Statement as of March 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 53.40 million
Total Interest Expense
$ 23.08 million
Net interest income
$ 30.32 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 6.50 million
Total non interest expense
$ 28.30 million
Pre-tax Net Operating Income
$ 16.61 million
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