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Last $8.03 USD
Change Today -0.01 / -0.12%
Volume 21.9K
WFD On Other Exchanges
As of 8:10 PM 12/1/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

141 Elm Street

Westfield, MA 01085

United States

Phone: 413-568-1911


Westfield Financial, Inc. operates as the holding company for Westfield Bank that provides community banking products and services. The company focuses on servicing commercial customers, including commercial and industrial lending and commercial deposit relationships. Market Area The company operates 13 banking offices in Agawam, Feeding Hills, East Longmeadow, Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts and Granby and Enfield, Connecticut. The company also has 12 free-standing ATM locations in Holyoke, Southwick, Springfield, West Springfield and Westfield, Massachusetts. The company’s primary deposit gathering area is concentrated in the communities surrounding these locations and its primary lending area includes all of Hampden County in western Massachusetts and Hartford and Tolland counties in northern Connecticut. In addition, the company provides online banking services through its Website located at Lending Activities The company’s loan portfolio primarily consists of commercial real estate loans, commercial and industrial loans, residential real estate loans, home equity loans, and consumer loans. Commercial and Industrial Loans: The company offers commercial and industrial loan products and services that are designed to give business owners borrowing opportunities for modernization, inventory, equipment, construction, consolidation, real estate, working capital, vehicle purchases and the financing of existing corporate debt. The company offers business installment loans, vehicle and equipment financing, lines of credit, and other commercial loans. The company provides complementary commercial products and services, various commercial deposit accounts, cash management services, Internet banking, sweep accounts, an ATM network and night deposit services. The company offers a remote deposit capture product whereby commercial customers could receive credit for check deposits by electronically transmitting check images from their own locations. Commercial Real Estate Loans: The company originates commercial real estate loans to finance the purchase of real property, which generally consists of apartment buildings, business properties, multi-family investment properties and construction loans to developers of commercial and residential properties. The majority of the commercial real estate portfolio consists of loans, which are collateralized by properties in the Pioneer Valley of Massachusetts and northern Connecticut. The company also offers construction loans to finance the construction of commercial properties located in its primary market area. Residential Real Estate Loans and Originations: The company processes all of its originations of residential real estate loans through a third-party mortgage company. The third-party mortgage company owns the servicing rights and services the loans. The company’s residential adjustable rate mortgage loans generally are fully amortizing loans with contractual maturities of approximately 30 years, payments due monthly. Consumer Loans: Consumer loans are generally originated at higher interest rates than residential and commercial real estate loans. The company offers various consumer loans to retail customers in the communities that it serves. The company’s consumer loans include automobile loans, secured passbook loans, credit lines tied to deposit accounts to provide overdraft protection, and unsecured personal loans. Commercial and Industrial Loans and Commercial Real Estate Loans: Commercial real estate lending involves additional risks compared with one-to-four-family residential lending. Also, commercial real estate loans typically involve large loan balances to single borrowers or groups of related borrowers. Home Equity Loans: The company originates and funds home equity loans. Securities Portfolio The company invests in government-sponsored enterprise debt securities, which consist of bonds issued by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. The company also invests in municipal bonds issued by cities and towns in Massachus

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Valuation WFD Industry Range
Price/Earnings 23.8x
Price/Sales 3.9x
Price/Book 1.0x
Price/Cash Flow 24.8x
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