Needham Bank is an FDIC insured institution headquartered at
1063 Great Plain Ave, Needham, MA 02492.
Deposit Rates -
July 15, 2025
SAVINGS RATES
APY
MIN
SAV
0.05% $10
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CD RATES
APY
MIN
3 Mo CD
4.25% $1,000
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6 Mo CD
4.25% $1,000
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7 Mo CD
4.00% $1,000
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9 Mo CD
4.50% $1,000
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12 Mo CD
4.00% $1,000
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18 Mo CD
3.65% $1,000
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24 Mo CD
3.65% $1,000
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36 Mo CD
3.50% $1,000
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48 Mo CD
3.25% $1,000
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60 Mo CD
3.25% $1,000
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MM RATES
APY
MIN
Money Market
0.15% $25,000
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Money Market
4.00% $50,000
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VARIABLE IRA RATES
APY
MIN
VIRA
0.30% $100,000
INT CHECKING RATES
APY
MIN
INTCK
0.05% $0
Loan Rates -
July 15, 2025
MORTGAGE PURCHASE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
6.63%
$2,021.57
7 Year Adjustable Jumbo
6.63%
$2,094.27
10 Year Fixed Jumbo
6.60%
$3,527.96
20 Year Fixed Jumbo
6.75%
$2,315.72
MORTGAGE REFINANCE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
6.63%
$2,021.57
7 Year Adjustable Jumbo
6.63%
$2,094.27
10 Year Fixed Jumbo
6.60%
$3,527.96
20 Year Fixed Jumbo
6.75%
$2,315.72
Overview 2025
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 26483
Date Established
1892
Assets
$ 5.13 billion
Loans
$ 4.43 billion
Deposits
$ 4.33 billion
Capital
$ 619.46 million
Summary Balance Sheet as of December 31, 2024
ASSETS
Cash & Balances due from depository institutions
$ 210.19 million
Interest-bearing balances
$ 142.60 million
Total securities
$ 234.68 million
Federal funds sold and reverse repurchase
$ 1.40 million
Net loans and leases
$ 4.43 billion
Loan loss allowance
$ 38.34 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 3.08 million
All other assets
$ 124.00 million
Total Assets $ 4.51 billion
LIABILITIES
Total deposits
$ 4.33 billion
Interest-bearing deposits
$ 3.69 billion
Deposits held in domestic offices
$ 4.33 billion
% insured (estimated)" 69.84%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
$ 0.43 million
Subordinated debt
N.A.
All other liabilities
$ 43.43 millionn
Total Liabilities $ 4.51 billion
Shareholders’ Equity $ 619.46 million
Summary Income Statement as of December 31, 2024
INCOME AND EXPENSES
Total Interest Income
$ 75.37 million
Total Interest Expense
$ 34.31 million
Net interest income
$ 41.06 million
Provision for loan and lease losses
$ 1.16 million
Total non interest income
$ 3.88 million
Total non interest expense
$ 28.51 million
Pre-tax Net Operating Income
$ 14.59 million
Customer Reviews for Needham Bank
Branches
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