Western New England Bancorp, Inc. (WNEB) financial statements (2021 and earlier)

Company profile

Business Address 141 ELM STREET
WESTFIELD, MA 01085
State of Incorp.
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 millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments96303227661419
Cash and cash equivalents84172122231010
Short-term investments12131154348
Total current assets:96303227661419
Noncurrent Assets
Operating lease, right-of-use asset107
Property, plant and equipment25242524211412
Intangible assets, net (including goodwill)1516161718  
Goodwill1212121214  
Intangible assets, net (excluding goodwill)33444  
Deferred income tax assets139
Total noncurrent assets:63564140391412
Other undisclosed assets2,2062,0962,0462,0161,9711,3131,290
TOTAL ASSETS:2,3662,1812,1192,0832,0761,3401,320
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   00  
Settlement liabilities   00  
Debt 355914517212894
Securities loaned0 0    
Total current liabilities:0355914517312894
Noncurrent Liabilities
Other undisclosed liabilities2,1391,9141,8221,6911,6651,0721,084
Total liabilities:2,1391,9491,8821,8361,8381,2001,178
Stockholders' equity
Stockholders' equity attributable to parent227232237247238139143
Common stock0000000
Additional paid in capital155164182204206108112
Deferred compensation equity(1)(1)(1)(1)(1)(0)(0)
Accumulated other comprehensive loss(11)(9)(13)(13)(13)(11)(7)
Retained earnings88827463524946
Unearned esop shares(4)(5)(5)(6)(6)(7)(7)
Total stockholders' equity:227232237247238139143
TOTAL LIABILITIES AND EQUITY:2,3662,1812,1192,0832,0761,3401,320

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues83817880524543
Net investment income82817873484241
Cost of revenue(8)(3)(2)(1)(1)(1)(2)
Provision for loan, lease, and other losses(8)(3)(2)
Financial services costs(1)(1)(1)(2)
Gross profit:75797678514442
Operating expenses(11)(11)(11)(36)(30)(23)(24)
Operating income:64686542212118
Nonoperating income2222432
Investment income, nonoperating   0221
Bank owned life insurance income2222222
Interest and debt expense(19)(24)(19)(15)(12)(12)(10)
Other undisclosed loss from continuing operations before equity method investments, income taxes(32)(28)(27)(8)(5)(4)(2)
Income from continuing operations before income taxes:14172122788
Income tax expense(3)(4)(5)(9)(3)(2)(2)
Net income available to common stockholders, diluted:11131612566

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:11131612566
Other comprehensive income (loss)(2)4(1)2(2)(4)(5)
Comprehensive income, net of tax, attributable to parent:9181515322

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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