Berkshire Bank

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Berkshire Bank Locations

Rates - June 6, 2020

Your current location is: Virginia, Ashburn

CD RATES APY MIN MAX
3 Mo CD
0.05% $1,000 - Compare
6 Mo CD
0.10% $200 - Compare
12 Mo CD
0.15% $1,000 - Compare
Special: 13 Mo CD
1.45% $1,000 - Compare
18 Mo CD
0.50% $1,000 - Compare
Special: 20 Mo CD
1.50% $1,000 - Compare
24 Mo CD
0.50% $1,000 - Compare
30 Mo CD
0.60% $1,000 - Compare
30 Mo CD
0.50% $1,000 - Compare
36 Mo CD
0.90% $1,000 - Compare
36 Mo CD
0.50% $1,000 - Compare
Special: 37 Mo CD
1.55% $1,000 - Compare
48 Mo CD
1.10% $1,000 - Compare
48 Mo CD
0.50% $1,000 - Compare
Special: 60 Mo CD
1.60% $1,000 - Compare
60 Mo CD
1.25% $1,000 - Compare
60 Mo CD
0.50% $1,000 - Compare
SAVINGS RATES APY MIN MAX
Savings
0.05% $10 - Compare
MM RATES APY MIN MAX
Money Market
0.05% $10 $9,999 Compare
Money Market
0.10% $10,000 $24,999 Compare
Money Market
0.15% $25,000 $49,999 Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
1.85% $1,000 -
Fixed IRA
1.10% $1,000 -
VARIABLE IRA RATES APY MIN MAX
Var IRA
0.15% $10 -
INT CHECKING RATES APY MIN MAX
Int Ckg
0.02% $10 -

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23621
Date Established 1846
Assets $ 13.18 billion
Loans $ 9.61 billion
Deposits $ 10.42 billion
Capital $ 1,745.69 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 516.80 million
Interest-bearing balances $ 411.11 million
Total securities $ 1,706.25 million
Federal funds sold and reverse repurchase $ 59.28 million
Net loans and leases $ 9.61 billion
Loan loss allowance $ 63.58 million
Trading account assets $ 90.96 million
Bank premises and fixed assets N.A.
Other real estate owned $ 1.73 million
Goodwill and other intangibles $ 602.65 million
All other assets $ 400.66 million
     Total Assets $ 11.44 billion

LIABILITIES
Total deposits $ 10.42 billion
      Interest-bearing deposits $ 8.45 billion
      Deposits held in domestic offices $ 10.42 billion
      % insured (estimated) 68.30%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 81.00 million
Other borrowed funds $ 821.56 million
Subordinated debt N.A.
All other liabilities $ 116.39 millionn
      Total Liabilities $ 11.44 billion
      Shareholders’ Equity $ 1,745.69 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 509.17 million
Total Interest Expense $ 137.97 million
Net interest income $ 371.21 million
Provision for loan and lease losses $ 35.42 million
Total non interest income $ 67.45 million
Total non interest expense $ 277.94 million
Pre-tax Net Operating Income $ 125.30 million

Berkshire Bank is an FDIC insured institution headquartered at 24 North Street, Pittsfield, MA 1201.
It was founded in 1846 and has approximately $13 billion in assets. Customers can open an account at one of its 122 branches.