Wellesley Bancorp, Inc. (WEBK) financial statements (2020 and earlier)

Company profile

Business Address 100 WORCESTER STREET, SUITE 300
WELLESLEY, MA 02481
State of Incorp. MD
Fiscal Year End December 31
SIC 6036 - Savings Institutions, Not Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42432828283635
Cash and cash equivalents8432828281919
Short-term investments34    1616
Disposal group, including discontinued operation     1 
Total current assets:42432828283635
Noncurrent Assets
Operating lease, right-of-use asset6
Property, plant and equipment4434344
Deferred income tax assets3
Total noncurrent assets:13434344
Other undisclosed assets890825773663590495419
TOTAL ASSETS:945871805695621535459
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt201538212029
Total current liabilities:201538212029
Noncurrent Liabilities
Long-term debt and lease obligation1010101010  
Long-term debt, excluding current maturities1010101010  
Total noncurrent liabilities:1010101010  
Other undisclosed liabilities842782699609539484403
Total liabilities:872806746640569486412
Stockholders' equity
Stockholders' equity attributable to parent73655955524947
Common stock0000000
Additional paid in capital28262625242323
Accumulated other comprehensive income (loss)1(1)0(0)000
Retained earnings46403532292725
Unearned esop shares(1)(1)(1)(1)(1)(2)(2)
Total stockholders' equity:73655955524947
TOTAL LIABILITIES AND EQUITY:945871805695621535459

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3933282522200
Net investment income393328252219 
Financial services revenue00000
Cost of revenue(1)(1)(1)(0)(0)(1)(1)
Provision for loan, lease, and other losses(1)(1)
Financial services costs(1)(0)(0)(1)(1)
Gross profit:383227242219(0)
Operating expenses(8)(7)(17)(18)(15)(15)(9)
Operating income (loss):302511664(9)
Nonoperating income0000000
Investment income, nonoperating   00  
Bank owned life insurance income0000000
Interest and debt expense(13)(9)(6)(5)(4)(3)(3)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9)(8)131215
Income from continuing operations before income taxes:8875434
Income tax expense(2)(2)(4)(2)(2)(1)(1)
Net income available to common stockholders, diluted:6633322

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:6633322
Other comprehensive income (loss)1(1)0(0)(0)0(1)
Comprehensive income, net of tax, attributable to parent:7533222

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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