Banks | Century Bank and Trust Company

Century Bank and Trust Company

Our records indicate that this bank has been acquired by Eastern Bank.


Century Bank and Trust Company is an FDIC insured institution headquartered at 102 Fellsway W, Somerville, MA 02145.
It was founded in 1969 and has approximately $7 billion in assets. Customers can open an account at one of its 29 branches.

Deposit Rates - November 14, 2024

SAVINGS RATES APY MIN
Savings
0.02% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.35% $10,000 Compare
12 Mo CD
0.35% $100,000 Compare
18 Mo CD
0.35% $10,000 Compare
18 Mo CD
0.35% $100,000 Compare
24 Mo CD
0.45% $10,000 Compare
24 Mo CD
0.45% $100,000 Compare
30 Mo CD
0.45% $10,000 Compare
30 Mo CD
0.45% $100,000 Compare
36 Mo CD
0.50% $10,000 Compare
36 Mo CD
0.50% $100,000 Compare
48 Mo CD
0.50% $10,000 Compare
48 Mo CD
0.50% $100,000 Compare
60 Mo CD
0.50% $10,000 Compare
60 Mo CD
0.50% $100,000 Compare
MM RATES APY MIN
Money Market
0.02% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.08% $25,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.50% $1
INT CHECKING RATES APY MIN
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19943
Date Established 1969
Assets $ 7.25 billion
Loans $ 2.89 billion
Deposits $ 6.21 billion
Capital $ 424.97 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 589.98 million
Interest-bearing balances $ 492.24 million
Total securities $ 3.42 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.89 billion
Loan loss allowance $ 34.76 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.28 million
All other assets $ 155.61 million
     Total Assets $ 6.69 billion

LIABILITIES
Total deposits $ 6.21 billion
      Interest-bearing deposits $ 5.00 billion
      Deposits held in domestic offices $ 6.21 billion
      % insured (estimated) 36.71%
Federal funds purchased and repurchase agreements $ 269.96 million
Trading liabilities N.A.
Other borrowed funds $ 118.79 million
Subordinated debt N.A.
All other liabilities $ 92.40 millionn
      Total Liabilities $ 6.69 billion
      Shareholders’ Equity $ 559.37 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 106.55 million
Total Interest Expense $ 16.97 million
Net interest income $ 89.58 million
Provision for loan and lease losses N.A.
Total non interest income $ 12.45 million
Total non interest expense $ 62.44 million
Pre-tax Net Operating Income $ 40.34 million

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Century Bank and Trust Company Locations

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