Banks | Needham Bank

Needham Bank

Needham Bank is an FDIC insured institution headquartered at 1063 Great Plain Ave, Needham, MA 02492.
It was founded in 1892 and has approximately $5 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - December 9, 2024

Loan Rates - December 9, 2024

MORTGAGE PURCHASE	APR(%)	MONTHLY PAYMENT
5 Year Adjustable Jumbo	6.71%	$2,021.57
7 Year Adjustable Jumbo	6.87%	$2,094.27
10 Year Fixed Jumbo	6.60%	$3,527.96
20 Year Fixed Jumbo	6.63%	$2,315.72

MORTGAGE REFINANCE	APR(%)	MONTHLY PAYMENT
5 Year Adjustable Jumbo	6.71%	$2,021.57
7 Year Adjustable Jumbo	6.87%	$2,094.27
10 Year Fixed Jumbo	6.60%	$3,527.96
20 Year Fixed Jumbo	6.63%	$2,315.72

See Other Mortgage Rates →

Overview 2024

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 26483
Date Established	1892
Assets	$ 4.66 billion
Loans	$ 4.06 billion
Deposits	$ 3.92 billion
Capital	$ 592.87 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 179.31 million
Interest-bearing balances	$ 121.44 million
Total securities	$ 205.07 million
Federal funds sold and reverse repurchase	$ 13.54 million
Net loans and leases	$ 4.06 billion
Loan loss allowance	$ 37.86 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 3.24 million
All other assets	$ 124.00 million
Total Assets	$ 4.07 billion

LIABILITIES
Total deposits	$ 3.92 billion
Interest-bearing deposits	$ 3.32 billion
Deposits held in domestic offices	$ 3.92 billion
% insured (estimated)	71.84%
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	$ 4.07 billion
Shareholders’ Equity	$ 592.87 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 135.90 million
Total Interest Expense	$ 61.96 million
Net interest income	$ 73.94 million
Provision for loan and lease losses	$ 8.10 million
Total non interest income	$ 5.73 million
Total non interest expense	$ 50.97 million
Pre-tax Net Operating Income	$ 14.59 million

Customer Reviews for Needham Bank

There are currently no comments for Needham Bank. Be the first to share your experience. Please provide comments that will help others.

Branches

Click on location and enter new zip number to change.
Your current location is: Seattle, WA