Westfield Bank
Westfield Bank reported total assets of $2.7 bn at Q2 2026, up 0.7% on a year earlier, the 464th largest of 497 banks in our US coverage. The CET1 capital ratio at Westfield Bank was 12.47%, and the uninsured share of Westfield Bank was 30.10%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Westfield Bank climbed from 470th to 417th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Westfield Bank has taken over one institution; the latest was Chicopee Savings Bank on (FDIC Call Reports).
What sets Westfield Bank apart
How large is Westfield Bank?
The balance sheet of Westfield Bank at : assets $2.7 bn, deposits $2.4 bn, net loans $2.2 bn (loans equal to 90.46% of deposits). Securities make up 12.9% of total assets at Westfield Bank. Since , when Westfield Bank held $1.4 bn, its assets grew 99.5%. In the year to , deposits at Westfield Bank rose 3.1% while its total assets rose 0.7%. At , Westfield Bank employed 337 full-time equivalent staff across 27 offices, about $8.1 mn of assets per employee and $89.0 mn of deposits per office.
How much funding at Westfield Bank is uninsured?
At Westfield Bank, uninsured deposits (above the FDIC limit) made up 30.10% of domestic deposits at (+0.55 pp on a year earlier); Westfield Bank ranks 313th of 500 on this measure. In dollars, Westfield Bank estimated $723.3 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.4 bn | +3.1% | 437th of 499 |
| Net loans and leases | $2.2 bn | +4.9% | 414th of 500 |
| Loan-to-deposit ratio | 90.46% | +1.56 pp | 179th of 500 |
| Tier 1 leverage ratio | 9.37% | +0.08 pp | 387th of 500 |
| Total risk-based capital ratio | 13.47% | -0.22 pp | 309th of 448 |
| Net interest margin | 3.03% | +0.34 pp | 398th of 500 |
| Return on assets (ROA) | 0.73% | +0.12 pp | 445th of 500 |
| Efficiency ratio | 67.76% | -6.41 pp | 417th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $30.5 mn | Narrowed by $4.8 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $22.9 mn | Narrowed by $3.7 mn | |
| Noncurrent loans to total loans | 0.35% | +0.08 pp | 127th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.17% | +0.22 pp | 319th of 500 (1 = lowest) |
US rank of Westfield Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Westfield Bank: assets, deposits and loans
- Total assets $2.7bn
- Deposits $2.4bn
- Net loans $2.2bn
Capital and securities
The CET1 ratio of Westfield Bank stood at 12.47% in , -0.20 pp year on year. Low and high at Westfield Bank since : 11.89% () to 15.50% (). Equity capital of Westfield Bank at : $253.5 mn, or 9.3% of total assets. Westfield Bank also reported a total capital ratio of 13.47% for , and a tier 1 leverage ratio of 9.37%.
On held-to-maturity securities, Westfield Bank carried an unrealized loss of $30.5 mn at , equal to 12.0% of equity capital. The loss narrowed by $4.8 mn over the year. Its deepest point: $48.2 mn in . The available-for-sale portfolio of Westfield Bank showed an unrealized loss of $22.9 mn at ; the loss narrowed by $3.7 mn over the year.
Westfield Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 9.4%
Westfield Bank: unrealized securities gains and losses
- Available for sale -$23mn
- Held to maturity -$31mn
Profitability and loan quality
For the year to , Westfield Bank earned a return on equity of 7.94%; return on assets: 0.73%. Net interest margin at Westfield Bank: 3.03%, +0.34 pp in a year. Westfield Bank net income: $10.1 mn, up 21.2% year on year. The efficiency ratio of Westfield Bank was 67.76%: about 68 cents cost per revenue dollar, against 55 cents at the median peer.
At , noncurrent loans were 0.35% of total loans at Westfield Bank; net charge-offs: 0.17% of average loans. Gross loans and leases at Westfield Bank: $2.2 bn, up 4.8% in a year.
Westfield Bank: profitability
- Return on equity 7.9%
- Net interest margin 3.0%
- Return on assets 0.7%
Peer group of Westfield Bank
The peer group of Westfield Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Westfield Bank (federal savings bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Westfield Bank shows CET1 ratio 12.47% against a peer median of 12.10%, return on equity 7.94% against a peer median of 11.78% and uninsured deposit share 30.10% against a peer median of 31.97%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Open Bank | State nonmember bank | CA | $2.7 bn | 12.10% | 12.57% | 49.75% | |
| State Bank of Southern Utah | State nonmember bank | UT | $2.7 bn | not reported | 15.58% | 29.89% | |
| Cornerstone Bank | State member bank | NE | $2.7 bn | not reported | 13.70% | 34.04% | |
| Westfield Bank | Federal savings bank | MA | $2.7 bn | 12.47% | 7.94% | 30.10% | |
| Home Federal Bank of Tennessee | Federal savings bank | TN | $2.7 bn | not reported | 1.87% | 21.23% | |
| Pinnacle Bank | State nonmember bank | TX | $2.7 bn | 14.07% | 10.81% | 29.57% | |
| Tradition Capital Bank | State nonmember bank | MN | $2.7 bn | 10.32% | 10.98% | 45.41% | |
. FDIC Call Reports.
Last eight quarters
Two years at Westfield Bank, to : assets +3.4%, deposits +7.9%, equity +3.1%. Staff 300 to 337.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.6 bn | $2.7 bn | $2.7 bn | $2.7 bn | $2.7 bn | $2.7 bn | $2.8 bn | $2.7 bn |
| Total deposits | $2.2 bn | $2.3 bn | $2.3 bn | $2.3 bn | $2.4 bn | $2.4 bn | $2.4 bn | $2.4 bn |
| Bank equity capital | $245.8 mn | $241.0 mn | $243.0 mn | $244.5 mn | $248.6 mn | $252.6 mn | $253.4 mn | $253.5 mn |
| CET1 ratio | 12.66% | 12.64% | 12.55% | 12.67% | 12.52% | 12.46% | 12.44% | 12.47% |
| Return on equity (ROE) | 5.53% | 5.75% | 4.95% | 6.83% | 6.62% | 7.30% | 8.78% | 7.94% |
| Uninsured share of domestic deposits | 27.67% | 28.46% | 28.59% | 29.56% | 29.87% | 29.53% | 29.64% | 30.10% |
| Full-time equivalent employees | 300 | 309 | 312 | 324 | 314 | 318 | 311 | 337 |
| Number of offices | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Westfield Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed Chicopee Savings Bank (FDIC certificate 90179).
Large one-quarter moves at Westfield Bank
- Total assets at Westfield Bank changed by +50.7% in the quarter to 2016-12-31: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Chicopee Savings Bank.
Questions and identifiers
What were the total assets of Westfield Bank?
Westfield Bank reported $2.7 bn at in its Call Report. That makes Westfield Bank the 464th largest of 497 banks in our US coverage.
Is Westfield Bank the same as its holding company?
No. This page covers Westfield Bank, FDIC certificate 90300; WESTERN NEW ENGLAND BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Westfield Bank profitable?
Westfield Bank reported net income of $10.1 mn for the year to ; annualized return on equity: 7.94%. So yes: Westfield Bank made a profit over these months.
When is data for Westfield Bank next updated?
Figures from Westfield Bank for are due after .
Where can I check the figures for Westfield Bank?
In the FDIC BankFind Suite record for certificate 90300, and in the Call Reports of Westfield Bank (RSSD ID 892205) at the FFIEC Central Data Repository.