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 - June 2, 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 June 30, 2023

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 June 30, 2023

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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Branches

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Your current location is: Columbus, OH

Century Bank and Trust Company Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL SAVINGS
    Century Bank and Trust Company
    Bank
    MASSACHUSETTS
    $50,000
    N.A.
    0.02%
    0.09x (National Avg. - 0.22%)
    $2,500
    -
    SCENARIO
    Year Rate
    0.02%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 10 7
    2 50,010 10 7
    3 50,020 10 7
    4 50,030 10 7
    5 50,040 10 7
    6 50,050 10 7
    7 50,060 10 7
    8 50,070 10 7
    9 50,080 10 7
    10 50,090 10 7
    11 50,100 10 7
    12 50,110 10 7
    13 50,120 10 7
    14 50,130 10 7
    15 50,140 10 7
    16 50,150 10 7
    17 50,160 10 7
    18 50,170 10 7
    19 50,180 10 7
    20 50,190 10 7
    TOTAL $200 $140
  • 2
    LOCAL SAVINGS
    Forbright Bank , ★ TOP PICK ★
    Bank
    -
    $50,000
    N.A.
    5.30%
    24.31x (National Avg. - 0.22%)
    $0
    -
    SCENARIO
    Year Rate
    5.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,650 1,855
    2 52,650 2,790 1,953
    3 55,440 2,938 2,057
    4 58,379 3,094 2,166
    5 61,473 3,258 2,281
    6 64,731 3,431 2,402
    7 68,162 3,613 2,529
    8 71,774 3,804 2,663
    9 75,578 4,006 2,804
    10 79,584 4,218 2,953
    11 83,802 4,441 3,109
    12 88,243 4,677 3,274
    13 92,920 4,925 3,447
    14 97,845 5,186 3,630
    15 103,031 5,461 3,822
    16 108,491 5,750 4,025
    17 114,242 6,055 4,238
    18 120,296 6,376 4,463
    19 126,672 6,714 4,700
    20 133,386 7,069 4,949
    TOTAL $90,455 $63,319
  • 3
    ONLINE SAVINGS
    Citizens , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    N.A.
    4.50%
    20.64x (National Avg. - 0.22%)
    $1
    -
    SCENARIO
    Year Rate
    4.50%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,250 1,575
    2 52,250 2,351 1,646
    3 54,601 2,457 1,720
    4 57,058 2,568 1,797
    5 59,626 2,683 1,878
    6 62,309 2,804 1,963
    7 65,113 2,930 2,051
    8 68,043 3,062 2,143
    9 71,105 3,200 2,240
    10 74,305 3,344 2,341
    11 77,648 3,494 2,446
    12 81,143 3,651 2,556
    13 84,794 3,816 2,671
    14 88,610 3,987 2,791
    15 92,597 4,167 2,917
    16 96,764 4,354 3,048
    17 101,119 4,550 3,185
    18 105,669 4,755 3,329
    19 110,424 4,969 3,478
    20 115,393 5,193 3,635
    TOTAL $70,586 $49,410


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