Westfield Bank
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 - December 22, 2024
Loan Rates - December 22, 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 |
| HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
|---|---|---|---|---|
|
Line of Credit
|
1.99% | Varies | ||
Compare with 7.24 RATE Line of Credit from Third Federal Savings and Loan
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Compare with RATE Line of Credit from Figure Home Equity Line
|
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Compare with RATE Line of Credit from District Lending
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Compare with RATE Line of Credit from AmeriSave Mortgage Corporation
|
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|
5 Year Loan
|
7.63% | $2,008.03 | ||
|
10 Year Loan
|
7.77% | $1,200.00 | ||
|
15 Year Loan
|
7.98% | $953.69 | ||
|
20 Year Loan
|
6.51% | $746.34 | ||
| 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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