Wells Financial Corp (WEFC) financial statements (2022 and earlier)

Company profile

Business Address 53 FIRST ST SW
WELLS, MN 56097
State of Incorp. MN
Fiscal Year End December 31
SIC 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments12,059
Cash and cash equivalents12,059
Total current assets:12,059
Noncurrent Assets
Property, plant and equipment3,368
Total noncurrent assets:3,368
Other undisclosed assets259,352
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities243,479
Total liabilities:243,479
Temporary equity, carrying amount2,881
Stockholders' equity
Stockholders' equity attributable to parent28,419
Common stock217
Treasury stock, value(29,383)
Additional paid in capital18,123
Accumulated other comprehensive income66
Retained earnings39,542
Unearned esop shares(146)
Total stockholders' equity:28,419

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

Net investment income8,836
Financial services revenue1,753
Cost of revenue(421)
Amortization of mortgage servicing rights (msrs)(351)
Financial services costs(70)
Gross profit:10,168
Operating expenses(2,250)
Operating income:7,918
Nonoperating income2,852
Investment income, nonoperating2,848
Interest and debt expense(450)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4,182)
Income from continuing operations before income taxes:6,138
Income tax expense(1,244)
Net income available to common stockholders, diluted:4,894

Comprehensive Income ($ in thousands)

Net income:4,894
Other comprehensive loss(27)
Comprehensive income, net of tax, attributable to parent:4,867

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.

Login to ReadyRatios


Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: