Westfield Bank is an FDIC insured institution headquartered at
141 Elm St, Westfield, MA 01085.
Deposit Rates -
April 18, 2025
CD RATES
APY
MIN
3 Mo CD
0.10% $1,000
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6 Mo CD
0.10% $1,000
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6 Mo CD
3.75% $1,001
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7 Mo CD
3.90% $1,000
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12 Mo CD
0.10% $1,000
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13 Mo CD
3.65% $1,000
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24 Mo CD
0.10% $1,000
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36 Mo CD
0.10% $1,000
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48 Mo CD
0.10% $1,000
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60 Mo CD
0.10% $1,000
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MM RATES
APY
MIN
Money Market
0.05% $15
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Money Market
0.10% $25,001
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Money Market
0.75% $100,000
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Money Market
1.50% $250,000
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Money Market
2.00% $500,000
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PREMM RATES
APY
MIN
Premium Money Market
0.50% $10
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Premium Money Market
1.00% $100,000
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Premium Money Market
2.00% $200,000
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Premium Money Market
3.00% $500,000
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Premium Money Market
3.80% $2,000,000
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VARIABLE IRA RATES
APY
MIN
VIRA
0.10% $10
VIRA
0.15% $50
VIRA
0.10% $25,000
INT CHECKING RATES
APY
MIN
INTCK
0.05% $10
INTCK
0.10% $11
Loan Rates -
April 18, 2025
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 2025
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 90300
Date Established
1853
Assets
$ 2.65 billion
Loans
$ 2.05 billion
Deposits
$ 2.26 billion
Capital
$ 240.99 million
Summary Balance Sheet as of December 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 56.77 million
Interest-bearing balances
$ 38.04 million
Total securities
$ 366.14 million
Federal funds sold and reverse repurchase
$ 9.26 million
Net loans and leases
$ 2.05 billion
Loan loss allowance
$ 19.53 million
Trading account assets
$ 5.88 million
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 14.36 million
All other assets
$ 110.88 million
Total Assets $ 2.41 billion
LIABILITIES
Total deposits
$ 2.26 billion
Interest-bearing deposits
$ 1,697.03 million
Deposits held in domestic offices
$ 2.26 billion
% insured (estimated)" 71.55%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
$ 5.88 million
Other borrowed funds
$ 6.15 million
Subordinated debt
N.A.
All other liabilities
$ 38.20 millionn
Total Liabilities $ 2.41 billion
Shareholders’ Equity $ 240.99 million
Summary Income Statement as of December 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 109.82 million
Total Interest Expense
$ 49.00 million
Net interest income
$ 60.82 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 12.89 million
Total non interest expense
$ 56.75 million
Pre-tax Net Operating Income
$ 16.61 million
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