2024 Q2 Form 10-Q Financial Statement

#000199937124005722 Filed on May 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $26.80M $26.60M
YoY Change 8.03% 12.55%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $644.0K $654.0K
YoY Change 0.31% -0.3%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $11.26M
YoY Change 119.28%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.284M $3.788M
YoY Change 23.57% -45.69%
Income Tax $771.0K $827.0K
% Of Pretax Income 18.0% 21.83%
Net Earnings $3.513M $2.961M
YoY Change 27.14% -44.17%
Net Earnings / Revenue 13.11% 11.13%
Basic Earnings Per Share $0.17 $0.14
Diluted Earnings Per Share $0.17 $0.14
COMMON SHARES
Basic Shares Outstanding 21.63M shares 21.58M shares
Diluted Shares Outstanding 21.16M shares 21.27M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $53.46M $22.61M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $24.74M $24.97M
YoY Change 0.55% 2.42%
Goodwill $12.49M $12.49M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.29M $14.28M
YoY Change -0.43% -0.49%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.586B $2.557B
YoY Change 0.93% -0.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $9.500M $9.900M
YoY Change -10.38% -6.6%
Deferred Revenue
YoY Change
Short-Term Debt $6.570M $11.47M
YoY Change -8.62% -88.41%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.500M $9.900M
YoY Change -10.38% -6.6%
LONG-TERM LIABILITIES
Long-Term Debt $19.73M $19.72M
YoY Change 0.2% 0.2%
Other Long-Term Liabilities $13.71M $25.86M
YoY Change -38.41% 130.54%
Total Long-Term Liabilities $33.44M $45.58M
YoY Change -20.28% 47.51%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.500M $9.900M
Total Long-Term Liabilities $33.44M $45.58M
Total Liabilities $2.350B $2.321B
YoY Change 0.92% -0.32%
SHAREHOLDERS EQUITY
Retained Earnings $140.5M $138.5M
YoY Change 5.62% 5.08%
Common Stock $123.6M $125.4M
YoY Change -3.87% -3.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $236.5M $235.8M
YoY Change
Total Liabilities & Shareholders Equity $2.586B $2.557B
YoY Change 0.93% -0.19%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $3.513M $2.961M
YoY Change 27.14% -44.17%
Depreciation, Depletion And Amortization $644.0K $654.0K
YoY Change 0.31% -0.3%
Cash From Operating Activities $1.963M $1.172M
YoY Change -53.75% -119.61%
INVESTING ACTIVITIES
Capital Expenditures $311.0K
YoY Change -60.98%
Acquisitions
YoY Change
Other Investing Activities $1.579M $566.0K
YoY Change -80.93% -104.17%
Cash From Investing Activities $1.268M $566.0K
YoY Change -83.05% -104.17%
FINANCING ACTIVITIES
Cash Dividend Paid $1.504M
YoY Change -1.89%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.61M -$7.965M
YoY Change -944.98% -164.02%
NET CHANGE
Cash From Operating Activities 1.963M $1.172M
Cash From Investing Activities 1.268M $566.0K
Cash From Financing Activities 27.61M -$7.965M
Net Change In Cash 30.85M -$6.227M
YoY Change 264.64% -12.44%
FREE CASH FLOW
Cash From Operating Activities $1.963M $1.172M
Capital Expenditures $311.0K
Free Cash Flow $1.652M
YoY Change -52.07%

Facts In Submission

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CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.07
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
2961000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5304000 usd
CY2024Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2536000 usd
CY2023Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
2616000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-2536000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
2616000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-643000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
675000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1893000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
1941000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1893000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1941000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1068000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7245000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
228143000 usd
CY2023Q1 wneb Cumulative Effect Accounting Adjustment Net
CumulativeEffectAccountingAdjustmentNet
9000 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
7245000 usd
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
74993 shares
CY2023Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
180000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
529000 usd
CY2023Q1 wneb Forfeited Equity Incentive Plan Shares Reissued In Connection With Performance Share Grant Shares
ForfeitedEquityIncentivePlanSharesReissuedInConnectionWithPerformanceShareGrantShares
19761 shares
CY2023Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1351000 usd
CY2023Q1 wneb Forfeited Equity Incentive Plan Shares Reissued In Connection With Lti Grant Shares
ForfeitedEquityIncentivePlanSharesReissuedInConnectionWithLTIGrantShares
2742 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1533000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
233222000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
237409000 usd
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1068000 usd
CY2024Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
71240 shares
CY2024Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
152000 usd
CY2024Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
152000 usd
CY2024Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
505000 usd
CY2024Q1 wneb Forfeited Equity Incentive Plan Shares Reissued Shares
ForfeitedEquityIncentivePlanSharesReissuedShares
4219 shares
CY2024Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1834000 usd
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.07
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
1504000 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
235796000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
2961000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5304000 usd
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-550000 usd
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-388000 usd
CY2024Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
560000 usd
CY2023Q1 us-gaap Depreciation Nonproduction
DepreciationNonproduction
562000 usd
CY2024Q1 wneb Accretion Of Purchase Accounting Adjustments Net
AccretionOfPurchaseAccountingAdjustmentsNet
-71000 usd
CY2023Q1 wneb Accretion Of Purchase Accounting Adjustments Net
AccretionOfPurchaseAccountingAdjustmentsNet
72000 usd
CY2024Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
94000 usd
CY2023Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
94000 usd
CY2024Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
291000 usd
CY2023Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
330000 usd
CY2024Q1 us-gaap Amortization Of Deferred Property Taxes
AmortizationOfDeferredPropertyTaxes
103000 usd
CY2023Q1 us-gaap Amortization Of Deferred Property Taxes
AmortizationOfDeferredPropertyTaxes
106000 usd
CY2024Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
10000 usd
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
9000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
505000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
529000 usd
CY2024Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
152000 usd
CY2023Q1 us-gaap Other Noncash Expense
OtherNoncashExpense
180000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
8000 usd
CY2024Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-6000 usd
CY2024Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
453000 usd
CY2023Q1 us-gaap Bank Owned Life Insurance Income
BankOwnedLifeInsuranceIncome
440000 usd
CY2024Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
94000 usd
CY2023Q1 us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-131000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1207000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1424000 usd
CY2024Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1127000 usd
CY2023Q1 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-11043000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1172000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5978000 usd
CY2024Q1 us-gaap Payments To Acquire Held To Maturity Securities
PaymentsToAcquireHeldToMaturitySecurities
1100000 usd
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
3126000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
3065000 usd
CY2024Q1 us-gaap Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
9362000 usd
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
5374000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2949000 usd
CY2024Q1 wneb Payment Loan Originations And Principal Payments Net
PaymentLoanOriginationsAndPrincipalPaymentsNet
-1895000 usd
CY2023Q1 wneb Payment Loan Originations And Principal Payments Net
PaymentLoanOriginationsAndPrincipalPaymentsNet
15770000 usd
CY2024Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
-602000 usd
CY2023Q1 us-gaap Payments For Proceeds From Federal Home Loan Bank Stock
PaymentsForProceedsFromFederalHomeLoanBankStock
3821000 usd
CY2024Q1 wneb Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-19000 usd
CY2023Q1 wneb Payments To Acquire Property Plant And Equipment Net
PaymentsToAcquirePropertyPlantAndEquipmentNet
-2000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
566000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13575000 usd
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
3000 usd
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-72315000 usd
CY2024Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-4630000 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
57640000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
30000000 usd
CY2024Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1504000 usd
CY2023Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
1533000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1834000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1351000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7965000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12441000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6227000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7112000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28840000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30342000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22613000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23230000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
10153000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
4984000 usd
CY2024Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
627000 usd
CY2023Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3077000 usd
CY2024Q1 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_843_eus-gaap--NatureOfOperations_zrjnxZzV1sm4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zLnA1Q7Y2QSd">Nature of Operations and Basis of Presentation</span></b>. Western New England Bancorp, Inc. (“WNEB,” “Company,” “we,” or “us”) is a Massachusetts-chartered stock holding company for Westfield Bank, a federally-chartered savings bank (“Bank”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Bank operates <span id="xdx_900_ecustom--NumberOfBankingOfficesInWhichBankOperates_iI_c20240331_zGxAhd6jbyld" title="Number of banking offices in which bank operates">25</span> banking offices in Hampden County and Hampshire County in western Massachusetts and Hartford County and Tolland County in northern Connecticut, and its primary sources of revenue are interest income from loans as well as interest income from investment securities. The West Hartford Financial Services Center serves as the Company’s Connecticut hub, housing Commercial Lending, Cash Management and a Mortgage Loan Officer. The Bank’s deposits are insured up to the maximum Federal Deposit Insurance Corporation (“FDIC”) coverage limits.</span></p>
CY2024Q1 wneb Number Of Banking Offices In Which Bank Operates
NumberOfBankingOfficesInWhichBankOperates
25
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zSGD0WfucHZ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zR6hmhF6yaVc">Estimates</span></b>. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses for each. Actual results could differ from those estimates. Estimates that are particularly susceptible to significant change in the near-term relate to the determination of the allowance for credit losses and goodwill impairment.</span></p>
CY2024Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_841_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zxmPtcmwqt9f" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zd6d7euRrKUi">Reclassifications</span>. </b>Amounts in the prior period financial statements are reclassified when necessary to conform to the current year presentation.</span></p>
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
2961000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
5304000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
21640000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
22220000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
291000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Employee Stock Ownership Plan Shares Not Committed To Be Released
WeightedAverageNumberOfSharesEmployeeStockOwnershipPlanSharesNotCommittedToBeReleased
367000 shares
CY2024Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
168000 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Contingently Issuable
WeightedAverageNumberOfSharesContingentlyIssuable
154000 shares
CY2024Q1 wneb Average Number Of Common Shares Outstanding Used To Calculate Basic Earnings Per Common Share
AverageNumberOfCommonSharesOutstandingUsedToCalculateBasicEarningsPerCommonShare
21181000 shares
CY2023Q1 wneb Average Number Of Common Shares Outstanding Used To Calculate Basic Earnings Per Common Share
AverageNumberOfCommonSharesOutstandingUsedToCalculateBasicEarningsPerCommonShare
21699000 shares
CY2024Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
90000 shares
CY2023Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
18000 shares
CY2024Q1 wneb Average Number Of Common Shares Outstanding Used To Calculate Diluted Earnings Per Common Share
AverageNumberOfCommonSharesOutstandingUsedToCalculateDilutedEarningsPerCommonShare
21271000 shares
CY2023Q1 wneb Average Number Of Common Shares Outstanding Used To Calculate Diluted Earnings Per Common Share
AverageNumberOfCommonSharesOutstandingUsedToCalculateDilutedEarningsPerCommonShare
21717000 shares
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-23637000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-21744000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
170064000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
31702000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
138362000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
221242000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
39000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
39602000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
181679000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Amortized Cost Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostBeforeAllowanceForCreditLoss
391306000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedGain
39000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedLoss
71304000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
320041000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
166281000 usd
CY2023Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
29166000 usd
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
137115000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
223370000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
107000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
35785000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
187692000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Amortized Cost Before Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityAmortizedCostBeforeAllowanceForCreditLoss
389651000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Gain
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedGain
107000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Cumulative Unrecognized Loss
DebtSecuritiesAvailableForSaleAndHeldToMaturityCumulativeUnrecognizedLoss
64951000 usd
CY2023Q4 us-gaap Debt Securities Available For Sale And Held To Maturity Fair Value
DebtSecuritiesAvailableForSaleAndHeldToMaturityFairValue
324807000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
8000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
8000 usd
CY2024Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
170064000 usd
CY2024Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
138362000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
221242000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
181679000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAccruedInterestAfterAllowanceForCreditLoss
482000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAccruedInterestAfterAllowanceForCreditLoss
454000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
3
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
9429000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
14000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
84
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
128933000 usd
CY2024Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
31688000 usd
CY2024Q1 wneb Debt Securities Held To Maturity Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
3
CY2024Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue
5711000 usd
CY2024Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
HeldToMaturitySecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
80000 usd
CY2024Q1 wneb Debt Securities Held To Maturity Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesHeldToMaturityContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
39
CY2024Q1 us-gaap Held To Maturity Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value
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