Westfield Bank
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Data as of · sourced from FFIEC call reports. How we update
Westfield Bank is an FDIC-insured savings institution headquartered in Westfield, MA, established in 1853 (FDIC certificate 90300), and it is supervised by the OCC. At Q2 2026 it reported total assets of $2.73B, up 0.7% from Q2 2025, the 19th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 12.47% at Q2 2026, above regulatory requirements.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 90300
- Headquarters
- Westfield, MA
- Established
- 1853
- Total assets, Q2 2026
- $2.73B
- Assets vs Q2 2025
- +0.7%
- CET1 ratio, Q2 2026
- 12.47%
- Domestic offices
- 27 FDIC institution directory, current count
- Routing number
- 211871604
- Latest call report
- Q2 2026, FFIEC 041 · Westfield Bank call report
- Holding company
- WESTERN NEW ENGLAND BANCORP, INC.
- Asset rank in state
- 19th of 89 in Massachusetts
Westfield Bank spends more to run itself than most banks of its size. The Westfield, Massachusetts bank had $2.7 billion in assets at June 30, 2026. It earns about $0.65 a year on every $100 of assets, about half the median of $1.29 for the 895 banks with $1 billion to $10 billion in assets. It also keeps 3.03 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.71 cents).
Unrealized losses on its securities total $53 million, equal to 21% of Tier 1 capital, against 25% a year earlier. Net income for the quarter slipped 15% from a year earlier, to $4.5 million. Concentration is the risk to watch: it holds commercial real estate loans worth 3.2 times its capital, higher than about three-quarters of banks its size (median 2.2 times).
As of June 30, 2026, Westfield Bank reported a CET1 capital ratio of 12.47%, a return on assets of 0.65%, a nonperforming-loan ratio of 0.35% and a Texas ratio of 2.90%. The figures come from its call report filed with the FFIEC.
Westfield Bank ranks as the 19th largest of the 89 banks based in Massachusetts, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 1.2% to $2.73B, loans fell 0.3% and deposits rose 0.8%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 41.3% of total loans, ahead of non-owner-occupied commercial real estate loans at 28.2%. Its 27 offices in the FDIC Summary of Deposits are in 17 cities across 2 states; its Westfield 5 offices book 24% of its branch deposits. By the capital ratios in its Q2 2026 call report, Westfield Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 141 Elm St, Westfield, MA 01085
- County
- Hampden
- Metro Area
- Springfield, MA
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- —
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- April 15, 1853
- Domestic offices
- 27 FDIC institution directory, current count
- Employees (FTE)
- 337
- Domestic deposits
- $2.40B
- Allowance for credit losses
- $20.2M
- Net charge-offs (YTD)
- $1.8M
- Average total assets
- $2.76B
- Average total loans
- $2.19B
- Average interest-bearing deposits
- $1.79B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 90300
- Fed RSSD
- 892205
- SEC CIK
- 1157647 → filed by WESTERN NEW ENGLAND BANCORP, INC.
- Website
- www.westfieldbank.com →
- Parent Holding Company
- WESTERN NEW ENGLAND BANCORP, INC. (RSSD 3866382) · WNEB
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| James C Hagan | CEO | President and CEO |
| Guida R Sajdak | CFO | EVP, CFO & Treasurer |
| Kevin C O'Connor | COO | EVP & Chief Operating Officer |
| Leo R Sagan Jr | CRO | SVP & Chief Risk Officer |
| Darlene M Libiszewski | CIO | SVP, Chief Information Officer |
| Filipe B Goncalves | CCO | SVP & CCO |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Westfield Bank's total assets moved between a low of $2.56B (Q1 2024) and a high of $2.76B (Q1 2026) from Q3 2023 to Q2 2026, and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.73B total assets against $2.71B; $2.47B total liabilities against $2.46B.
$2.17B net loans and leases against $2.07B; $2.40B total deposits against $2.33B.
$353.0M securities against $376.9M; $36.7M cash and balances due against $92.9M.
$30.8M total interest income against $29.6M; $11.1M total interest expense against $11.7M.
$19.7M net interest income against $17.9M.
$3.3M total noninterest income against $3.4M; $15.7M total noninterest expense against $15.1M.
$1.6M provision for credit losses against -$615K.
$4.5M net income against $5.3M.
0.65% return on assets against 0.78%; 3.03% net interest margin against 2.81%.
12.47% CET1 capital ratio against 12.67%; 9.37% tier 1 leverage ratio against 9.29%.
Inside the full Westfield Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Held-to-maturity securities carry unrealized losses worth 10–25% of book equity. Carried at amortized cost, they do not reduce reported capital, but they shrink the bank's true mark-to-market cushion if the securities ever have to be sold. BankRegReports analysis, HTM marks aren't a reported regulatory metric.
Westfield Bank rankings
Its closest position to the top of a national ranking is 462 of 4,196, for total assets; its furthest is 3,086 of 3,611, for ROA.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.38% (Q3 2024) to 0.84% (Q4 2025) and its net interest margin ran from 2.44% (Q3 2024) to 3.03% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.47% | 0.65% | 0.35% | 2.90% | 3.03% |
| Q1 2026 | 12.44% | 0.80% | 0.21% | 1.71% | 2.93% |
| Q4 2025 | 12.46% | 0.84% | 0.23% | 1.88% | 2.94% |
| Q3 2025 | 12.52% | 0.56% | 0.26% | 2.09% | 2.86% |
| Q2 2025 | 12.67% | 0.78% | 0.27% | 2.17% | 2.81% |
| Q1 2025 | 12.55% | 0.44% | 0.29% | 2.27% | 2.48% |
| Q4 2024 | 12.64% | 0.58% | 0.26% | 2.01% | 2.45% |
| Q3 2024 | 12.66% | 0.38% | 0.24% | 1.93% | 2.44% |
Swipe the table sideways to see every column.
Branch Network
View all 27 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Westfield Bank (main office) | Westfield , MA | 01085 | $220.0M |
| Enfield Ct Branch | Enfield , CT | 06082 | $214.9M |
| Chicopee Branch Office | Chicopee , MA | 01013 | $214.9M |
| West Springfield Branch | West Springfield , MA | 01089 | $178.0M |
| Westfield Branch | Westfield , MA | 01085 | $165.3M |
| Agawam Branch | Agawam , MA | 01001 | $149.7M |
| Southampton Road Branch | Westfield , MA | 01085 | $124.4M |
| Ludlow Branch | Ludlow , MA | 01056 | $108.9M |
| West Springfield Branch | West Springfield , MA | 01089 | $107.9M |
| College Highway Branch | Southwick , MA | 01077 | $99.9M |
| East Longmeadow Branch | East Longmeadow , MA | 01028 | $95.4M |
| Northampton Street Branch | Holyoke , MA | 01040 | $93.0M |
| Feeding Hills Branch | Feeding Hills , MA | 01030 | $76.2M |
| Main Street Branch | Springfield , MA | 01103 | $65.4M |
| Memorial Drive Branch | Chicopee , MA | 01020 | $65.0M |
| Drive-Up Facility | Westfield , MA | 01085 | $55.0M |
| Burnett Road Branch | Chicopee , MA | 01020 | $54.7M |
| South Hadley Branch | South Hadley , MA | 01075 | $52.9M |
| Granby Branch | Granby , CT | 06035 | $52.6M |
| East Street Branch | Chicopee , MA | 01020 | $50.2M |
| Huntington Branch | Huntington , MA | 01050 | $37.2M |
| West Hartford Branch | West Hartford , CT | 06107 | $36.9M |
| Bloomfield Branch | Bloomfield , CT | 06002 | $32.4M |
| Liberty Street | Springfield , MA | 01104 | $29.5M |
| Ware Branch | Ware , MA | 01082 | $17.9M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| October 22, 2016 | Structure Change | Acquired Chicopee Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 21, 2016 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC, OCC (former OTS))
- April 28, 2011, OCC: Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Westfield Bank
- April 28, 2011, OCC (former OTS): Cease and Desist: Westfield Bank
- Period: Most recent institution action April 28, 2011. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.3% of deposits in MA, rank 28 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,124 applications, 875 loans originated, $191.4M originated, across 7 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Westfield Bank
What are Westfield Bank's total assets?
As of the Q2 2026 filing, Westfield Bank reported total assets of $2.73 billion in its FFIEC call report.
Where is Westfield Bank headquartered?
It is headquartered in Westfield, MA, United States.
When was Westfield Bank founded?
It was established in 1853, per the FDIC institution directory.
Is Westfield Bank FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #90300). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Westfield Bank?
Westfield Bank's primary federal regulator is the OCC.
What is Westfield Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.47% in its Q2 2026 call report, above regulatory requirements.
How many branches does Westfield Bank operate?
It operates 27 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Westfield Bank's Texas Ratio?
Its Texas Ratio is 2.90% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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