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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments961766832304431
Cash and cash equivalents841696125172620
Short-term investments12777131811
Total current assets:961766832304431
Noncurrent Assets
Operating lease, right-of-use asset101010 777
Property, plant and equipment25252524242424
Intangible assets, net (including goodwill)15161616161616
Goodwill12121212121212
Intangible assets, net (excluding goodwill)3333334
Deferred income tax assets138889  
Total noncurrent assets:63595948564747
Other undisclosed assets2,2062,2522,3082,1102,0962,0832,049
TOTAL ASSETS:2,3662,4872,4352,1902,1812,1742,127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  3545353550
Securities loaned0      
Total current liabilities:0 3545353550
Noncurrent Liabilities
Other undisclosed liabilities2,1392,2572,1701,9181,9141,9071,847
Total liabilities:2,1392,2572,2051,9631,9491,9421,897
Stockholders' equity
Stockholders' equity attributable to parent227230230228232232230
Common stock0000000
Additional paid in capital155157157157164164165
Deferred compensation equity(1)(1)(2)(2)(1)(1)(2)
Accumulated other comprehensive loss(11)(6)(6)(6)(9)(7)(8)
Retained earnings88858483828078
Unearned esop shares(4)(4)(4)(4)(5)(5)(5)
Total stockholders' equity:227230230228232232230
TOTAL LIABILITIES AND EQUITY:2,3662,4872,4352,1902,1812,1742,127

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues22212020212120
Net investment income22202020212120
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(1)(3)(2)(2)(1)(1)(0)
Gross profit:21181818201920
Operating expenses(3)(3)(3)(3)(3)(3)(3)
Operating income:18151515171717
Nonoperating income
(Bank Owned Life Insurance Income)
2  0000
Interest and debt expense(4)(4)(5)(6)(6)(6)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(10)(8)(7)(7)(7)(7)(7)
Income from continuing operations before income taxes:6323444
Income tax expense(1)(0)(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:5222333

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:5222333
Other comprehensive income (loss)(5)(0)13(2)12
Comprehensive income (loss), net of tax, attributable to parent:(0)235146

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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