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 millions)

Current Assets
Cash, cash equivalents, and short-term investments12
Cash and cash equivalents12
Total current assets:12
Noncurrent Assets
Property, plant and equipment3
Total noncurrent assets:3
Other undisclosed assets259
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities243
Total liabilities:243
Temporary equity, carrying amount3
Stockholders' equity
Stockholders' equity attributable to parent28
Common stock0
Treasury stock, value(29)
Additional paid in capital18
Accumulated other comprehensive income0
Retained earnings40
Unearned esop shares(0)
Total stockholders' equity:28

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

Net investment income9
Financial services revenue2
Cost of revenue(0)
Amortization of mortgage servicing rights (msrs)(0)
Financial services costs(0)
Gross profit:10
Operating expenses(2)
Operating income:8
Nonoperating income3
Investment income, nonoperating3
Interest and debt expense(0)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4)
Income from continuing operations before income taxes:6
Income tax expense(1)
Net income available to common stockholders, diluted:5

Comprehensive Income ($ in millions)

Net income:5
Other comprehensive loss(0)
Comprehensive income, net of tax, attributable to parent:5

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: