Western new england bancorp, inc. (WNEB)
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'10Jun'10
Interest and dividend income:
Residential and commercial real estate loans

62,923

62,240

60,746

59,422

58,819

57,647

56,540

55,507

54,370

53,733

51,801

45,694

39,212

32,562

27,157

25,895

24,686

23,769

23,112

22,597

22,301

21,953

21,422

20,869

20,456

20,204

20,174

20,327

20,405

20,449

20,310

20,104

19,865

19,500

19,027

18,451

0

0

0

Commercial and industrial loans

12,258

12,254

12,496

12,283

12,989

12,801

12,981

12,882

11,826

11,587

10,512

9,357

8,310

7,431

6,772

6,747

6,692

6,594

6,515

6,321

6,070

5,749

5,411

5,201

5,100

5,064

4,999

4,947

4,933

4,994

5,141

5,322

5,489

5,630

5,948

6,191

0

0

0

Consumer loans

345

343

340

343

343

347

345

345

344

344

340

295

252

205

170

168

164

158

152

147

144

141

139

138

138

140

0

0

0

-

-

-

-

188

196

202

0

0

0

Consumer loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Debt securities, taxable

5,698

5,981

6,299

6,602

6,801

6,920

7,031

7,150

7,251

7,333

7,192

6,982

6,790

7,387

8,204

9,393

10,546

10,777

11,127

11,216

11,378

11,880

12,366

13,129

13,746

14,302

14,779

15,054

15,493

15,621

15,868

16,169

16,772

17,739

18,571

19,354

0

0

0

Debt securities, tax-exempt

69

72

75

77

81

85

87

93

97

104

114

121

124

168

229

344

491

602

714

775

809

833

861

912

973

1,067

1,209

1,328

1,473

1,592

1,638

1,680

1,684

1,680

1,645

1,610

0

0

0

Equity securities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities

-

-

165

161

-

152

147

144

141

140

145

155

163

180

176

174

173

162

170

170

181

176

175

168

151

152

0

0

0

-

-

-

-

205

190

195

0

0

0

Other investments

779

833

870

906

898

863

808

752

716

678

653

611

581

550

531

527

460

396

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Other investments - at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

83

88

0

-

0

0

-

-

-

-

-

-

-

Equity securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Other investments - at cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

Short-term investments

216

230

277

275

230

175

101

78

69

120

149

152

162

115

73

61

37

18

15

15

13

13

14

15

13

9

7

5

0

-

0

0

-

-

-

-

-

0

0

Total interest and dividend income

82,446

82,116

81,268

80,069

80,318

78,990

78,040

76,951

74,814

74,039

70,906

63,367

55,594

48,598

43,312

43,309

43,249

42,476

42,127

41,496

41,145

40,991

40,608

40,613

40,716

41,031

41,569

42,074

42,738

43,104

43,403

43,724

44,263

45,005

45,630

46,051

0

0

0

Interest expense:
Deposits

17,474

17,207

16,306

14,946

13,297

11,683

10,436

9,453

8,794

8,448

8,171

7,642

7,118

6,581

6,025

5,857

5,702

5,571

5,435

5,319

5,227

5,177

5,235

5,327

5,429

5,525

5,644

5,759

5,892

6,142

6,362

6,668

7,120

7,589

8,273

8,957

0

0

0

Long-term debt

4,236

4,361

4,494

4,585

4,664

4,380

3,805

3,146

2,565

2,261

2,151

2,063

1,975

2,266

2,637

3,274

3,905

4,133

4,364

4,406

4,385

4,326

4,258

4,227

4,344

4,591

5,074

5,598

6,033

6,406

6,532

6,630

6,717

6,731

6,830

6,714

0

0

0

Short-term borrowings

2,530

2,569

2,593

2,586

2,741

2,915

3,255

3,617

3,842

3,936

3,802

3,348

2,928

2,438

1,924

1,620

1,307

1,090

921

690

530

420

319

269

217

174

122

113

119

115

119

120

118

147

183

231

0

0

0

Total interest expense

24,240

24,137

23,393

22,117

20,702

18,978

17,496

16,216

15,201

14,645

14,124

13,053

12,021

11,285

10,586

10,751

10,914

10,794

10,720

10,415

10,142

9,923

9,812

9,823

9,990

10,290

10,840

11,470

12,044

12,663

13,013

13,418

13,955

14,467

15,286

15,902

0

0

0

Net interest and dividend income

58,206

57,979

57,875

57,952

59,616

60,012

60,544

60,735

59,613

59,394

56,782

50,314

43,573

37,313

32,726

32,558

32,335

31,682

31,407

31,081

31,003

31,068

30,796

30,790

30,726

30,741

30,729

30,604

30,694

30,441

30,390

30,306

30,308

30,538

30,344

30,149

0

0

0

Provision for loan losses

4,725

2,675

1,975

1,050

1,450

1,900

2,110

1,960

1,560

1,360

1,025

1,200

1,475

575

875

650

375

1,275

1,075

1,675

1,775

1,575

1,229

409

0

-

0

0

-

698

0

0

0

-

4,457

8,562

0

0

0

Provision (credit) for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net interest and dividend income after provision for loan losses

53,481

55,304

55,900

56,902

58,166

58,112

58,434

58,775

58,053

58,034

55,757

49,114

42,098

36,738

31,851

31,908

31,960

30,407

30,332

29,406

29,228

29,493

29,376

30,191

30,647

30,997

31,105

30,691

30,451

29,743

29,015

29,134

29,221

29,332

25,887

21,587

0

0

0

Non-interest income:
Service charges and fees

-7,505

-7,364

-7,271

-7,144

-6,987

-6,937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

6,274

5,513

4,823

-

3,561

3,397

3,378

3,132

2,927

2,793

2,585

2,617

2,572

2,511

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Total other-than-temporary impairment losses on debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

603

0

0

0

-

-

Portion of other-than-temporary impairment losses recognized in accumulated other comprehensive income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

501

0

0

0

-

-

Net other-than-temporary impairment losses recognized in income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

0

0

0

-

-

Service charges and fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,157

2,041

2,041

1,973

1,919

1,910

0

0

0

Income from BOLI

1,815

1,799

1,798

1,802

1,808

1,825

1,829

1,831

1,827

1,824

1,794

1,713

1,636

1,558

1,512

1,517

1,521

1,527

1,522

1,532

1,511

1,523

1,538

1,542

1,543

1,549

1,547

1,549

1,440

1,439

1,446

1,454

1,564

1,546

1,532

1,519

0

0

0

Gain on bank-owned life insurance death benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Loss on prepayment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-915

-915

-1,344

-1,622

-1,300

0

0

0

-

0

-540

-1,944

-3,370

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on bank-owned life insurance death benefit

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on bank-owned life insurance death benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

Loss on prepayment of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

Gain on available-for-sale securities, net

-109

-97

-43

-92

-45

-281

0

0

0

-

-

-

-

1,139

683

1,096

1,374

1,506

1,551

1,363

1,108

320

606

926

1,728

3,126

3,847

3,475

2,749

2,907

1,987

1,859

0

-

0

0

-

-

-

Gain on sale of OREO

-

-

-

-

-

48

115

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Gain (loss) on securities, net

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net unrealized gains on marketable equity securities

197

165

242

154

34

-142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

651

474

400

0

0

-

-

0

-

227

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sales of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Total non-interest income

10,059

9,705

9,537

9,222

9,638

9,233

8,992

9,108

8,250

8,501

8,877

7,788

6,973

5,971

4,841

4,666

4,651

4,865

4,700

4,817

4,611

4,460

4,724

4,468

4,392

4,272

4,285

4,457

4,395

5,990

5,745

5,507

5,553

3,806

6,141

7,201

0

0

0

Non-interest expense:
Salaries and employees benefits

28,046

27,654

26,983

26,541

26,229

25,982

26,025

26,064

25,739

25,431

24,567

22,134

19,740

17,386

15,332

15,178

15,196

15,146

15,230

14,950

14,752

14,709

14,840

15,276

15,428

15,458

15,622

15,751

16,061

16,530

16,440

16,249

15,881

15,557

15,370

14,824

0

0

0

Occupancy

4,170

4,174

4,139

4,116

4,085

3,974

3,938

3,877

3,827

3,774

3,482

3,146

2,793

2,587

1,810

2,039

2,293

2,332

3,263

3,222

3,155

3,076

2,985

2,975

2,954

2,898

2,872

2,802

2,775

2,775

2,716

2,744

2,698

2,671

2,682

2,627

0

0

0

Furniture and equipment

1,659

1,673

1,668

1,644

1,599

1,561

1,533

1,543

1,527

1,533

1,391

1,228

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Data processing

2,830

2,780

2,758

2,690

2,666

2,638

2,589

2,627

2,618

2,372

2,144

1,844

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Computer operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,397

-

2,396

2,360

2,411

2,341

2,335

2,337

2,329

2,340

2,242

2,184

2,105

2,106

2,074

2,003

1,958

1,917

1,898

1,922

0

0

0

Professional fees

2,333

2,439

2,561

2,782

2,856

2,810

2,747

2,622

2,622

2,559

2,379

2,393

2,257

2,177

2,339

2,279

2,222

2,178

2,002

1,901

1,896

1,936

1,987

1,991

2,035

2,033

2,007

1,940

1,945

1,872

1,908

2,000

2,031

2,033

1,917

1,836

0

0

0

OREO expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

221

242

237

67

87

79

70

114

104

0

0

0

FDIC insurance assessment

405

430

557

710

621

603

617

622

661

620

588

639

643

716

801

799

797

800

798

752

741

713

670

673

659

655

654

637

629

611

578

633

618

683

778

739

0

0

0

Merger related expenses

-

-

-

-

-

-

-

-

-

526

2,664

3,494

4,307

4,051

0

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising

1,220

1,332

1,440

1,427

1,412

1,395

1,388

1,365

1,395

1,296

1,153

1,087

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

7,436

7,326

7,490

7,518

7,366

7,274

7,072

6,773

6,738

6,676

6,561

6,084

5,383

4,699

4,302

3,963

3,876

3,757

3,250

3,235

3,131

3,134

3,083

3,151

3,256

3,236

3,296

3,315

3,137

3,092

3,038

2,946

2,997

3,027

3,037

3,045

0

0

0

Total non-interest expense

48,099

47,808

47,596

47,428

46,834

46,237

45,909

45,493

45,243

44,787

45,433

42,502

39,204

35,306

30,285

28,927

27,794

27,433

26,939

26,420

26,086

25,909

25,900

26,403

26,661

26,642

26,903

26,850

26,894

27,223

26,821

26,662

26,262

25,958

25,796

25,097

0

0

0

Income before income taxes

15,441

17,201

17,841

18,696

20,970

21,108

21,517

22,390

21,060

21,748

19,201

14,400

9,867

7,403

6,407

7,647

8,817

7,839

8,093

7,803

7,753

8,044

8,200

8,256

8,378

8,627

8,487

8,298

7,952

8,510

7,939

7,979

8,512

7,180

6,232

3,691

0

0

0

Income tax provision

3,442

3,852

4,087

4,258

4,651

4,700

9,305

10,272

10,324

9,428

4,674

3,060

1,894

2,569

2,024

2,281

2,476

2,124

2,118

1,929

1,901

1,882

1,891

1,876

1,756

1,871

1,986

1,991

2,255

2,256

1,710

1,643

1,585

1,306

1,188

527

0

0

0

Net income

11,999

13,349

13,754

14,438

16,319

16,408

12,212

12,118

10,736

12,320

14,527

11,340

7,973

4,834

4,383

5,366

6,341

5,715

5,975

5,874

5,852

6,162

6,309

6,380

6,622

6,756

6,501

6,307

5,697

6,254

6,229

6,336

6,927

5,874

5,044

3,164

0

0

0

Earnings per common share:
Basic earnings per share (in dollars per share)

0.08

0.13

0.12

0.13

0.13

0.13

0.14

0.18

0.12

-0.02

0.13

0.13

0.17

0.08

0.04

0.02

0.11

0.08

0.09

0.08

0.08

0.10

0.08

0.07

0.09

0.10

0.08

0.08

0.08

0.07

0.06

0.04

0.09

0.05

0.06

0.06

0.05

0.03

-0.01

Weighted average shares outstanding (in shares)

25,565

25,802

25,854

26,047

27,037

28,237

28,789

29,035

29,484

29,754

30,103

29,980

29,597

26,811

17,377

17,337

17,304

17,324

17,461

17,519

17,684

17,703

17,910

18,308

18,812

19,355

19,583

20,276

21,102

23,024

24,391

25,141

25,449

26,099

26,443

26,639

26,746

27,432

27,970

Diluted earnings per share (in dollars per share)

0.08

0.14

0.12

0.12

0.13

0.13

0.14

0.18

0.12

-0.01

0.13

0.12

0.17

0.09

0.02

0.02

0.11

0.08

0.09

0.08

0.08

0.10

0.08

0.07

0.09

0.10

0.08

0.08

0.08

0.07

0.06

0.04

0.09

0.05

0.06

0.06

0.05

0.03

-0.01

Weighted average diluted shares outstanding (in shares)

25,617

25,929

25,969

26,160

27,153

28,381

28,937

29,178

29,620

29,889

30,219

30,120

29,878

27,195

17,377

17,337

17,304

17,324

17,461

17,519

17,684

17,703

17,910

18,308

18,812

19,355

19,583

20,276

21,102

23,024

24,393

25,158

25,502

26,182

26,544

26,755

26,875

27,586

27,970