Name | Value |
---|---|
Revenues | 18.0M |
Cost of Revenue | 0.0M |
Gross Profit | 18.0M |
Operating Expense | 14.6M |
Operating I/L | 3.5M |
Other Income/Expense | 3.5M |
Interest Income | 24.8M |
Pretax | 3.5M |
Income Tax Expense | 0.7M |
Net Income/Loss | 2.8M |
Western New England Bancorp, Inc. operates as the holding company for Westfield Bank, offering a range of commercial and retail banking products and services. The company provides various deposit accounts, including checking, savings, money market, and individual retirement accounts, as well as a variety of loan options such as residential, commercial, and consumer loans. Additionally, it offers ATM, telephone and online banking, remote deposit capture, cash management, and other banking services. The company generates revenue through interest income from loans, fees from banking services, and returns on its investment portfolio.