Wellesley bancorp, inc. (WEBK)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Dec'10
Assets
Cash and due from banks

20,595

7,886

7,305

5,747

7,767

7,678

5,421

4,573

5,828

4,604

3,994

3,455

3,652

3,607

3,068

2,721

2,653

2,674

2,478

2,452

2,877

2,816

2,721

2,775

2,794

2,685

4,770

2,553

2,237

2,247

1,892

5,230

4,537

3,882

3,731

3,780

Short-term investments

14,331

34,208

74,048

26,581

28,554

34,972

18,782

28,832

45,533

23,858

27,025

18,818

22,585

24,818

21,591

20,984

15,724

25,504

13,403

13,659

-

16,455

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total cash and cash equivalents

34,926

42,094

81,353

32,328

-

42,650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Certificates of deposit

100

100

100

100

-

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities available for sale, at fair value

24,369

29,815

33,793

-

-

66,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,192

-

8,773

14,804

14,009

16,382

8,049

9,636

16,426

15,971

21,770

12,538

24,087

29,642

20,607

14,617

Total cash and cash equivalents

-

-

-

-

36,321

-

24,203

33,405

51,361

28,462

31,019

22,273

26,237

28,425

24,659

23,705

18,377

28,178

15,881

16,111

21,069

19,271

11,494

17,579

16,803

19,067

12,819

12,189

18,663

18,218

23,662

17,768

28,624

33,524

24,338

18,397

Certificates of deposit

-

-

-

-

100

-

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

100

350

350

600

600

600

600

100

100

3,433

Securities available for sale, at fair value

-

-

-

63,348

64,023

-

67,651

67,251

67,209

66,486

65,731

66,471

66,943

64,648

67,418

66,823

67,131

62,434

50,173

49,596

55,328

52,681

42,233

39,852

42,344

36,672

35,232

35,276

38,529

39,256

42,457

45,439

41,905

36,088

32,555

25,565

Federal Home Loan Bank of Boston stock, at cost

6,202

4,906

6,162

6,162

3,842

4,747

5,466

5,942

5,864

5,937

6,073

6,436

5,937

5,758

5,639

5,460

5,137

5,524

5,205

4,740

3,660

3,660

3,660

3,300

3,176

3,176

2,799

2,799

2,030

2,005

1,805

1,714

1,714

1,930

1,930

1,930

Loans held for sale

2,089

3,354

6,351

2,170

-

0

698

596

-

-

0

1,057

0

1,454

2,217

2,682

1,480

1,131

0

-

-

537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,288

1,664

-

944

1,598

1,323

825

-

2,487

2,282

9,130

8,012

-

-

-

-

-

Loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,146

-

-

-

-

Loans

863,735

842,113

832,803

828,285

785,511

743,770

726,593

710,904

685,727

692,455

654,386

623,133

592,586

581,563

553,844

535,645

516,755

512,419

507,135

477,735

450,875

448,084

436,860

421,338

402,019

387,931

360,387

334,103

314,667

297,935

271,787

247,780

234,083

225,273

209,596

206,807

Less allowance for loan losses

8,208

7,653

7,218

7,148

6,978

6,738

6,543

6,413

6,218

6,153

5,793

5,543

5,421

5,432

5,307

5,186

5,174

5,112

4,966

4,816

4,716

4,738

4,682

4,613

4,393

4,213

4,158

4,008

3,908

3,844

3,694

3,550

3,456

3,396

3,245

2,690

Loans, net

855,527

834,460

825,585

821,137

778,533

737,032

720,050

704,491

679,509

686,302

648,593

617,590

587,165

576,131

548,537

530,459

511,581

507,307

502,169

472,919

446,159

443,346

432,178

416,725

397,626

383,718

356,229

330,095

310,759

294,091

268,093

244,230

230,627

221,877

206,351

204,117

Bank-owned life insurance

8,063

8,005

7,946

7,886

7,827

7,769

7,710

7,650

7,592

7,535

7,476

7,417

7,360

7,303

7,246

7,188

7,131

7,073

7,014

6,956

6,898

6,841

6,782

6,724

6,665

6,607

6,546

6,487

6,430

6,385

6,338

6,291

4,244

4,208

4,171

4,062

Operating lease, right-of-use asset

7,489

6,473

6,852

7,229

7,606

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premises and equipment, net

3,228

3,508

3,785

3,778

3,853

3,924

3,604

3,387

3,329

3,470

3,495

3,665

3,788

3,876

3,976

3,953

3,660

3,468

3,430

3,598

3,714

3,753

3,631

3,762

3,758

3,805

2,941

2,447

2,345

2,044

2,069

2,094

1,973

1,168

847

786

Accrued interest receivable

2,595

2,525

2,769

2,815

2,745

2,288

2,308

2,168

1,954

2,140

1,868

1,626

1,606

1,647

1,667

1,557

1,555

1,432

1,392

1,334

1,243

1,216

1,150

1,133

1,118

1,044

973

1,080

1,101

1,019

1,078

997

970

911

893

865

Net deferred tax asset

2,911

2,713

-

-

-

2,804

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax asset

-

-

2,717

2,498

2,493

-

2,949

2,681

2,444

2,352

2,990

2,674

2,577

2,742

2,216

1,984

2,059

2,479

-

-

-

2,008

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net deferred tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,232

2,208

1,864

-

2,252

2,043

1,990

1,997

2,381

2,081

1,941

1,933

1,847

1,831

1,965

1,236

1,198

1,168

Prepaid FDIC assessment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

433

496

539

-

632

767

Other assets

13,416

7,265

8,454

7,097

4,753

3,336

2,132

2,539

2,530

2,611

2,504

3,032

2,554

3,199

2,604

2,716

2,270

2,056

1,919

2,078

1,946

1,702

1,213

1,488

1,273

1,509

1,074

1,452

1,324

1,367

923

1,043

1,035

2,106

1,345

912

Total assets

960,915

945,218

985,867

956,548

912,096

871,420

836,871

830,210

821,892

805,395

769,849

732,341

704,267

695,283

666,279

646,627

620,481

621,182

589,515

561,928

543,645

535,115

505,637

494,304

476,176

458,520

421,094

396,743

385,754

376,048

357,317

324,649

314,196

303,148

274,360

262,002

Liabilities and Stockholders' Equity
Deposits:
Non-interest-bearing

152,887

139,969

133,187

130,560

126,974

116,926

131,836

116,324

110,631

104,346

109,737

96,017

91,957

94,946

81,508

81,307

71,268

64,638

70,055

66,265

65,410

58,859

50,042

48,518

45,923

44,864

45,143

39,370

39,724

39,044

36,406

33,051

34,956

31,017

28,066

28,919

Interest-bearing

582,139

612,498

625,558

599,680

623,949

601,005

538,667

526,862

532,278

512,396

471,812

439,217

434,109

427,864

414,324

403,230

400,049

399,100

382,662

362,164

364,699

363,386

339,364

338,468

335,845

312,654

282,305

261,908

262,877

259,015

243,641

215,928

214,662

214,229

205,990

193,517

Total deposits

735,026

752,467

758,745

730,240

750,923

717,931

670,503

643,186

642,909

616,742

581,549

535,234

526,066

522,810

495,832

484,537

471,317

463,738

452,717

428,429

430,109

422,245

389,406

386,986

381,768

357,518

327,448

301,278

302,601

298,059

280,047

248,979

249,618

245,246

234,056

222,436

Short-term borrowings

45,000

20,000

51,000

54,000

18,000

15,000

27,500

30,000

17,500

38,000

27,000

24,250

12,250

21,250

24,250

19,250

10,000

20,000

16,000

18,000

4,000

2,000

2,000

4,000

4,000

9,000

5,000

6,000

-

-

-

7,595

7,070

7,059

7,902

5,804

Long-term borrowings

72,859

74,196

77,533

77,866

53,197

58,528

62,357

82,682

88,007

77,174

87,261

100,848

96,934

83,020

78,106

74,191

72,776

72,860

66,945

63,000

57,500

59,500

63,500

53,500

41,500

43,500

40,500

42,500

36,500

31,500

31,500

23,500

13,500

7,500

7,500

12,500

Subordinated debt

9,868

9,861

9,854

9,847

-

9,832

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated debt

-

-

-

-

9,840

-

9,825

9,817

9,810

9,802

9,794

9,786

9,778

9,769

9,761

9,752

9,743

9,734

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

7,578

6,543

6,907

7,267

7,626

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock subscriptions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,666

-

-

Accrued expenses and other liabilities

15,278

8,700

10,043

7,680

5,329

4,999

3,664

3,085

3,563

4,432

5,202

4,557

2,853

3,220

2,959

4,241

3,144

2,672

2,463

2,025

1,966

2,024

2,045

1,708

1,479

1,713

1,764

1,294

1,275

1,518

1,346

868

-

946

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

871

-

2,754

854

Total liabilities

885,609

871,767

914,082

886,900

844,915

806,290

773,849

768,770

761,789

746,150

710,806

674,675

647,881

640,069

610,908

591,971

566,980

569,004

538,125

511,454

493,575

485,769

456,951

446,194

428,747

411,731

374,712

351,072

340,376

331,077

312,893

280,942

271,059

280,417

252,212

241,594

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Stockholders' equity:
Preferred stock, $0.01 par value; 1,000,000 shares authorized, none issued

0

0

-

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

Common stock, $0.01 par value; 14,000,000 shares authorized, 2,608,872 and 2,599,105 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

26

26

26

26

25

25

25

25

25

25

25

25

25

25

25

25

25

25

24

24

24

24

24

24

24

24

24

24

24

24

24

24

24

-

-

-

Additional paid-in capital

28,447

28,169

27,500

27,201

26,676

26,462

26,278

25,941

25,769

25,601

25,400

25,134

24,913

24,703

24,470

24,307

24,147

23,992

23,881

23,727

23,575

23,419

-

-

-

22,845

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,286

23,146

22,999

-

22,835

22,704

22,598

22,751

22,819

22,804

22,791

-

-

-

Retained earnings

47,011

45,625

44,598

42,717

41,365

40,203

38,740

37,322

36,039

34,736

34,634

33,593

32,780

31,999

31,355

30,698

30,070

29,411

28,562

27,936

27,425

27,027

26,641

26,187

25,817

25,423

24,989

24,381

23,798

23,203

22,522

21,985

21,551

22,104

21,585

20,099

Accumulated other comprehensive income (loss)

492

530

592

667

110

-533

-962

-756

-607

39

172

134

-80

-229

837

974

640

162

367

263

555

417

308

358

226

166

235

295

723

790

899

766

675

627

563

309

Unearned compensation - ESOP

867

899

931

963

995

1,027

1,059

1,092

1,123

1,156

1,188

1,220

1,252

1,284

1,316

1,348

1,381

1,412

1,444

1,476

1,509

1,541

1,573

1,605

1,637

1,669

1,701

1,733

1,765

1,797

1,840

1,872

1,904

-

-

-

Total stockholders' equity

75,109

73,451

71,785

69,648

67,181

65,130

63,022

61,440

60,103

59,245

59,043

57,666

56,386

55,214

55,371

54,656

53,501

52,178

51,390

50,474

50,070

49,346

48,686

48,110

47,429

46,789

46,382

45,671

45,378

44,971

44,424

43,707

43,137

22,731

22,148

20,408

Total liabilities and stockholders' equity

960,915

945,218

985,867

956,548

912,096

871,420

836,871

830,210

821,892

805,395

769,849

732,341

704,267

695,283

666,279

646,627

620,481

621,182

589,515

561,928

543,645

535,115

505,637

494,304

476,176

458,520

421,094

396,743

385,754

376,048

357,317

324,649

314,196

303,148

274,360

262,002