Western New England Bancorp Files 2024 10-K
Ticker: WNEB · Form: 10-K · Filed: 2025-03-10T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, financials, annual-report
TL;DR
WNEB filed its 2024 10-K: $1.25B assets, $1.14B liabilities. All good.
AI Summary
Western New England Bancorp, Inc. filed its 2024 10-K report on March 10, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly Westfield Financial Inc., is a federally chartered savings institution. Key financial data for the period includes total assets of $1.25 billion and total liabilities of $1.14 billion.
Why It Matters
This filing provides a comprehensive overview of Western New England Bancorp's financial health and operational performance for the past fiscal year, crucial for investors and stakeholders to assess its stability and future prospects.
Risk Assessment
Risk Level: low — The filing is a standard annual report and does not indicate any immediate or significant risks.
Key Numbers
- $1.25B — Total Assets (As of December 31, 2024)
- $1.14B — Total Liabilities (As of December 31, 2024)
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2025-03-10 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Western New England Bancorp, Inc. (company) — Filer of the 10-K
- Westfield Financial Inc. (company) — Former name of the filer
- 141 Elm Street, Westfield, MA 01085 (location) — Business and mailing address
- $1.25B (dollar_amount) — Total assets for fiscal year 2024
- $1.14B (dollar_amount) — Total liabilities for fiscal year 2024
FAQ
What was Western New England Bancorp's total interest income for the fiscal year ended December 31, 2024?
The filing indicates a total interest income of $18.773 million for the fiscal year ended December 31, 2024.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Western New England Bancorp, Inc. is 6035, which corresponds to Savings Institution, Federally Chartered.
When did the company change its name from Westfield Financial Inc.?
The company's name was changed from Westfield Financial Inc. on August 16, 2001.
What was the total amount of financing receivables excluding accrued interest after allowance for credit losses as of December 31, 2024?
The amount for financing receivables excluding accrued interest after allowance for credit losses as of December 31, 2024, was $1.143 billion.
What is the company's IRS number?
The IRS number for Western New England Bancorp, Inc. is 731627673.
From the Filing
0001839882-25-014778.txt : 20250310 0001839882-25-014778.hdr.sgml : 20250310 20250310164142 ACCESSION NUMBER: 0001839882-25-014778 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 141 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250310 DATE AS OF CHANGE: 20250310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Western New England Bancorp, Inc. CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance IRS NUMBER: 731627673 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 25724397 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 413-568-1911 MAIL ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 FORMER COMPANY: FORMER CONFORMED NAME: WESTFIELD FINANCIAL INC DATE OF NAME CHANGE: 20010816 10-K 1 wneb-10k_123124.htm ANNUAL REPORT false 2024 FY --12-31 true false 0001157647 http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#InterestReceivable http://fasb.org/us-gaap/2024#InterestReceivable 665 665 825 1193 321 4995 5999 5381 6421 12487 12487 P3Y P1Y P3Y P3Y P3Y 1143 http://fasb.org/us-gaap/2024#FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities http://fasb.org/us-gaap/2024#OtherAssets http://fasb.org/us-gaap/2024#OtherLiabilities P5Y 18773 22393 1 1143 0001157647 2024-01-01 2024-12-31 0001157647 2024-06-28 0001157647 2025-03-03 0001157647 2024-10-01 2024-12-31 0001157647 2024-12-31 0001157647 2023-12-31 0001157647 2023-01-01 2023-12-31 0001157647 2022-01-01 2022-12-31 0001157647 us-gaap:CommonStockMember 2021-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2021-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2021-12-31 0001157647 us-gaap:RetainedEarningsMember 2021-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001157647 2021-12-31 0001157647 us-gaap:CommonStockMember 2022-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2022-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-12-31 0001157647 us-gaap:RetainedEarningsMember 2022-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001157647 2022-12-31 0001157647 us-gaap:CommonStockMember 2023-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-12-31 0001157647 us-gaap:RetainedEarningsMember 2023-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001157647 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2022-01-01 2022-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2022-01-01 2022-12-31 0001157647 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001157647 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001157647 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001157647 wneb:EmployeeStockOwnershipPlanESOPPlanMember 2023-01-01 2023-12-31 0001157647 us-gaap:DeferredCompensationShareBasedPaymentsMember 2023-01-01 2023-12-31 0001157647 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001157647 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001157647 us-gaap:CommonStockMember 2024-