Westfield Financial Q4 net income increases

Westfield Financial, Inc., the holding company for Westfield Bank, has reported a net income of $1.55 million, or $0.07 per share, for the fourth quarter ended December 31, 2012, compared to $1.53 million, or $0.06 per share, for the same quarter ended December 31, 2011.

Net interest and dividend income after provision for loan losses for the fourth quarter ended December 31, 2012 was $7.59 million, compared to $6.87 million, for the same quarter ended December 31, 2011.

Net income for the year ended December 31, 2012 was $6.25 million, or $0.26 per share, compared to $5.87 million, or $0.22 per share, for the year ended December 31, 2011.

Net interest and dividend income after provision for loan losses for the year ended December 31, 2012 was $29.74 million, compared to $29.33 million for the year ended December 31, 2011.