Wellesley bancorp, inc. (WEBK)
Income statement / 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'11Jun'11Mar'11Sep'10
Interest and dividend income:
Interest and fees on loans and loans held for sale

38,646

37,670

36,266

34,438

32,528

31,028

29,874

28,680

27,501

26,251

25,008

24,099

23,358

22,938

22,642

22,146

21,504

20,793

20,023

19,405

19,050

18,559

17,998

17,359

16,512

15,902

15,131

14,327

13,714

13,085

12,604

12,309

12,128

12,053

12,171

0

0

0

Debt securities:
Taxable

1,054

1,270

1,467

1,496

1,478

1,441

1,379

1,352

1,340

1,338

1,353

1,371

1,378

1,369

1,297

1,146

1,048

957

870

867

808

717

672

597

547

543

569

620

686

725

720

694

644

597

640

0

0

0

Tax-exempt

264

291

319

325

327

327

327

322

318

305

282

259

235

219

211

207

200

193

192

191

190

188

176

165

166

175

195

220

240

256

269

275

269

248

220

0

0

0

Short-term investments and certificates of deposit

700

757

710

583

560

509

433

368

290

220

189

128

103

83

64

55

45

31

33

33

34

33

31

30

30

32

33

35

41

46

48

51

56

60

85

0

0

0

FHLB stock

297

302

302

313

336

333

314

294

271

252

234

216

206

195

186

174

141

111

80

55

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

8

8

8

8

8

7

7

0

-

0

0

-

-

Dividends on FHLB stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Total interest and dividend income

40,961

40,290

39,064

37,155

35,229

33,638

32,327

31,016

29,720

28,366

27,066

26,073

25,280

24,804

24,400

23,728

22,938

22,085

21,199

20,553

20,134

19,545

18,914

18,178

17,273

16,660

15,936

15,210

14,689

14,120

13,649

13,336

13,104

12,964

13,120

0

0

0

Interest expense:
Deposits

9,633

10,069

9,789

8,851

7,738

6,442

5,359

4,610

3,981

3,581

3,331

3,193

3,123

3,111

3,088

3,029

2,900

2,775

2,722

2,703

2,769

2,781

2,679

2,545

2,388

2,260

2,204

2,168

2,146

2,131

2,125

2,132

2,175

2,216

2,270

0

0

0

Short-term borrowings

926

865

841

747

567

580

560

411

384

293

206

140

116

100

102

97

91

78

50

28

11

13

12

11

0

-

0

0

-

56

79

88

86

85

86

0

0

0

Long-term debt

1,879

1,642

1,406

1,158

1,156

1,256

1,285

1,328

1,239

1,182

1,194

1,132

1,094

1,053

992

961

886

815

763

713

677

631

583

534

518

511

493

476

441

391

347

310

336

402

523

0

0

0

Subordinated debt

0

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Subordinated debentures

-

-

-

-

-

-

-

-

632

632

632

633

634

635

499

340

181

22

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total interest expense

13,066

13,204

12,664

11,385

10,091

8,909

7,836

6,981

6,236

5,688

5,363

5,098

4,967

4,899

4,681

4,427

4,058

3,690

3,535

3,444

3,457

3,425

3,279

3,098

2,925

2,785

2,702

2,658

2,622

2,578

2,551

2,530

2,597

2,703

2,879

0

0

0

Net interest income

27,895

27,086

26,400

25,770

25,138

24,729

24,491

24,035

23,484

22,678

21,703

20,975

20,313

19,905

19,719

19,301

18,880

18,395

17,664

17,109

16,677

16,120

15,635

15,080

14,348

13,875

13,234

12,552

12,067

11,542

11,098

10,806

10,507

10,261

10,241

0

0

0

Provision for loan losses

1,230

915

675

735

760

585

753

873

800

735

497

372

375

437

487

512

487

475

360

390

510

640

730

700

580

500

500

500

500

550

550

550

750

900

1,050

0

0

0

Net interest income, after provision for loan losses

26,665

26,171

25,725

25,035

24,378

24,144

23,738

23,162

22,684

21,943

21,206

20,603

19,938

19,468

19,232

18,789

18,393

17,920

17,304

16,719

16,167

15,480

14,905

14,380

13,768

13,375

12,734

12,052

11,567

10,992

10,548

10,256

9,757

9,361

9,191

0

0

0

Non-interest income:
Customer service fees

199

184

177

176

172

176

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activities

190

211

208

141

118

99

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer service fees

-

-

-

-

-

-

-

-

-

-

-

-

111

103

107

120

120

125

121

123

128

131

143

158

161

167

176

156

162

149

142

152

152

157

152

0

0

0

Gain on sales of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

16

119

0

0

-

-

0

-

-

0

0

-

-

-

-

-

-

Mortgage banking activities

-

-

-

-

-

-

-

-

-

-

-

-

299

288

356

319

258

278

170

168

138

108

92

70

105

107

148

0

0

-

0

-

-

-

-

-

-

-

Income on bank-owned life insurance

236

236

236

236

235

234

234

233

232

232

230

229

229

230

232

232

233

232

232

232

233

234

236

237

235

222

209

197

186

177

165

155

146

146

148

0

0

0

Wealth management fees

1,606

1,675

1,636

1,641

1,666

1,616

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management fees

1,606

1,675

1,636

1,641

1,666

1,616

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wealth management fees

-

-

-

-

-

-

-

-

-

-

-

-

1,066

982

886

756

632

516

415

402

412

429

462

446

415

391

346

291

0

-

0

0

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Wealth management fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

127

109

101

0

0

0

Miscellaneous

1,252

803

1,070

732

499

461

259

300

229

236

181

133

165

91

100

101

52

44

59

54

40

41

33

36

51

52

55

58

58

57

69

65

66

67

44

0

0

0

Total non-interest income

3,483

3,109

3,327

2,926

2,690

2,586

2,298

2,241

2,044

1,987

1,914

1,825

1,886

1,710

1,700

1,575

1,326

1,226

1,025

979

951

959

982

963

993

949

1,099

1,137

1,022

930

688

535

509

497

445

0

0

0

Non-interest expense:
Salaries and employee benefits

12,417

12,261

11,982

11,590

11,161

10,842

10,650

10,398

10,206

10,094

10,090

10,121

9,998

9,691

9,259

8,946

8,718

8,747

8,737

8,628

8,469

8,011

7,734

7,270

6,800

6,358

5,860

5,534

5,258

4,927

4,667

4,689

4,388

4,230

4,024

0

0

0

Occupancy and equipment

3,399

3,288

3,269

3,209

3,090

3,004

2,899

2,801

2,807

2,785

2,773

2,797

2,777

2,744

2,818

2,813

2,788

2,717

2,539

2,366

2,187

2,095

1,954

1,778

1,651

1,491

1,380

1,372

1,334

1,280

1,201

1,064

950

862

787

0

0

0

Data processing

1,277

1,272

1,186

1,126

1,053

990

975

940

925

892

855

826

783

778

752

713

712

658

628

621

590

604

589

559

530

500

475

465

448

438

431

430

425

404

393

0

0

0

FDIC insurance

621

576

476

615

593

626

648

648

630

609

570

542

474

404

374

345

356

372

370

350

325

300

276

271

270

269

255

255

235

223

193

74

120

157

208

0

0

0

Professional fees

1,657

1,349

831

799

758

766

786

819

786

761

718

770

866

884

904

842

766

747

815

771

820

825

685

615

496

451

0

0

0

-

-

-

-

-

-

-

-

-

Advertising and marketing

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,802

1,812

1,813

1,818

26

17

0

0

0

Foreclosed assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other general and administrative

2,035

2,192

2,291

2,278

2,196

2,012

1,790

1,724

1,708

1,656

1,634

1,581

1,481

1,565

1,482

1,445

1,356

1,240

1,430

1,432

1,443

1,399

1,680

1,736

1,652

1,630

1,497

1,410

1,569

1,629

1,553

1,374

1,170

1,034

914

0

0

0

Total non-interest expenses

21,646

21,178

20,284

19,866

19,100

18,563

18,132

17,714

17,446

17,181

17,052

17,049

16,791

16,404

15,870

15,385

14,977

14,845

14,833

14,482

14,148

13,558

12,985

12,296

11,466

10,699

9,826

9,327

9,004

10,299

9,857

9,444

8,871

6,713

6,405

0

0

0

Income before income taxes

8,502

8,102

8,768

8,095

7,968

8,167

7,904

7,689

7,282

6,749

6,068

5,379

5,033

4,774

5,062

4,979

4,742

4,301

3,496

3,216

2,970

2,881

2,902

3,047

3,295

3,625

4,007

3,862

3,585

1,623

1,379

1,347

1,395

3,145

3,231

0

0

0

Provision for income taxes

2,263

2,102

2,348

2,154

2,112

2,176

3,289

3,465

3,541

3,564

2,362

2,084

1,948

1,838

1,943

1,915

1,820

1,652

1,316

1,220

1,128

1,104

1,126

1,180

1,276

1,405

1,541

1,466

1,338

524

442

419

435

1,140

1,169

0

0

0

Net income

6,239

6,000

6,420

5,941

5,856

5,991

4,615

4,224

3,741

3,185

3,706

3,295

3,085

2,936

3,119

3,064

2,922

2,649

2,180

1,996

1,842

1,777

1,776

1,867

2,019

2,220

2,466

2,396

2,247

1,099

937

928

960

2,005

2,062

0

0

0

Other comprehensive income:
Net unrealized holding (loss) gain on available-for-sale securities

526

1,436

2,076

1,901

954

-776

-1,565

-1,235

-691

418

-1,070

-1,347

-1,161

-608

762

1,173

171

-391

117

-163

532

417

135

124

-699

-923

-945

-580

175

360

622

637

668

538

0

0

0

-

Reclassification adjustment for net gains on sales of securities recognized in noninterest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-16

-119

0

0

-

-

0

-

-

0

-

-

-

-

-

-

-

Income tax benefit (expense)

0

-

515

478

0

-

-418

-339

-157

150

-293

-395

-457

-233

162

304

55

-167

30

-68

203

150

46

45

-321

-402

-430

-310

29

99

216

241

245

202

0

0

0

-

Total other comprehensive (loss) gain income

382

1,063

1,561

1,423

717

-579

-1,147

-896

-534

268

-777

-952

-720

-391

581

822

85

-255

59

-95

329

251

73

63

-497

-624

-664

-471

48

163

447

432

0

-

0

0

-

-

Total other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Comprehensive income

6,621

7,063

7,981

7,364

6,573

5,412

3,468

3,328

3,207

3,453

2,929

2,343

2,365

2,545

3,700

3,886

3,007

2,394

2,239

1,901

2,171

2,028

1,849

1,930

1,522

1,596

1,802

1,925

2,295

1,262

1,273

1,306

1,365

2,323

0

0

0

-

Earnings per common share:
Basic

0.61

0.47

0.82

0.61

0.54

0.65

0.65

0.59

0.60

0.08

0.49

0.40

0.37

0.31

0.32

0.31

0.32

0.39

0.30

0.25

0.20

0.19

0.23

0.19

0.17

0.18

0.27

0.26

0.26

-

-

-

-

-

-

-

-

-

Diluted

0.60

0.45

0.80

0.59

0.52

0.63

0.62

0.57

0.58

0.08

0.48

0.38

0.36

0.30

0.32

0.31

0.31

0.39

0.30

0.25

0.20

0.19

0.22

0.19

0.17

0.18

0.27

0.26

0.26

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding:
Basic

2,510

2,487

2,472

2,454

2,431

2,421

2,408

2,395

2,392

2,384

2,370

2,364

2,358

2,352

2,325

2,322

2,318

2,315

2,313

2,309

2,306

2,301

2,291

2,290

2,289

2,290

2,288

2,285

2,291

-

-

-

-

-

-

-

-

-

Diluted

2,587

2,581

2,554

2,554

2,523

2,513

2,511

2,501

2,485

2,472

2,454

2,449

2,441

2,411

2,364

2,352

2,339

2,337

2,334

2,325

2,318

2,311

2,301

2,294

2,290

2,290

2,288

2,285

2,291

-

-

-

-

-

-

-

-

-

Net income per common share (basic and diluted)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.24

0.20

-

-

-

-

-

-

Weighted average shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,221

2,216,184

-

-

-

-

-

-