Needham Bank is an FDIC insured institution headquartered at
1063 Great Plain Ave, Needham, MA 02492.
It was founded in
1892 and has approximately $4 billion in
assets. Customers can open an account at one of its 10 branches.
Deposit Rates - April 28, 2024
SAVINGS RATES
APY
MIN
Savings
0.10%
$2,500
Compare
CD RATES
APY
MIN
6 Mo CD
0.50%
$10,000
Compare
6 Mo CD
0.50%
$100,000
Compare
Special: 12 Mo CD
0.50%
$1,000
Compare
12 Mo CD
0.50%
$10,000
Compare
12 Mo CD
0.50%
$100,000
Compare
18 Mo CD
0.50%
$10,000
Compare
18 Mo CD
0.50%
$100,000
Compare
24 Mo CD
0.50%
$10,000
Compare
24 Mo CD
0.50%
$100,000
Compare
36 Mo CD
0.65%
$10,000
Compare
36 Mo CD
0.65%
$100,000
Compare
48 Mo CD
0.75%
$10,000
Compare
48 Mo CD
0.75%
$100,000
Compare
60 Mo CD
0.75%
$10,000
Compare
60 Mo CD
0.75%
$100,000
Compare
MM RATES
APY
MIN
Money Market
0.25%
$2,500
Compare
Money Market
0.25%
$10,000
Compare
Money Market
0.30%
$25,000
Compare
INT CHECKING RATES
APY
MIN
Int Ckg
0.10%
$2,500
Loan Rates - April 28, 2024
MORTGAGE PURCHASE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.17%
$2,021.57
7 Year Adjustable Jumbo
7.52%
$2,094.27
10 Year Fixed Jumbo
6.85%
$3,527.96
20 Year Fixed Jumbo
6.88%
$2,315.72
MORTGAGE REFINANCE
APR(%)
MONTHLY PAYMENT
5 Year Adjustable Jumbo
7.17%
$2,021.57
7 Year Adjustable Jumbo
7.52%
$2,094.27
10 Year Fixed Jumbo
6.85%
$3,527.96
20 Year Fixed Jumbo
6.88%
$2,315.72
Overview 2024
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 26483
Date Established
1892
Assets
$ 4.39 billion
Loans
$ 3.86 billion
Deposits
$ 3.44 billion
Capital
$ 576.48 million
Summary Balance Sheet as of June 30, 2023
ASSETS
Cash & Balances due from depository institutions
$ 99.54 million
Interest-bearing balances
$ 51.99 million
Total securities
$ 179.60 million
Federal funds sold and reverse repurchase
$ 22.52 million
Net loans and leases
$ 3.86 billion
Loan loss allowance
$ 32.22 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
$ 124.00 million
Total Assets
$ 3.81 billion
LIABILITIES
Total deposits
$ 3.44 billion
Interest-bearing deposits
$ 2.86 billion
Deposits held in domestic offices
$ 3.44 billion
% insured (estimated)
68.72%
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
$ 3.81 billion
Shareholders’ Equity
$ 576.48 million
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES
Total Interest Income
$ 221.93 million
Total Interest Expense
$ 90.44 million
Net interest income
$ 131.48 million
Provision for loan and lease losses
$ 13.88 million
Total non interest income
$ 13.99 million
Total non interest expense
$ 100.87 million
Pre-tax Net Operating Income
$ 14.59 million
Customer Reviews for Needham Bank
Branches
Click on location and enter new zip number to change.
Your current location is: Columbus, OH
There are currently no comments for Needham Bank. Be the first to share your experience. Please provide comments that will help others.