Banks | The Berkshire Bank

The Berkshire Bank

The Berkshire Bank is an FDIC insured institution headquartered at 4 E 39th St, New York, NY 10016.
It was founded in 1989 and has approximately $1 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - June 09, 2025

SAVINGS RATES	APY	MIN
Savings	0.15%	$2,500	Compare

CD RATES	APY	MIN
Special: 6 Mo CD	0.40%	$10,000	Compare
6 Mo CD	0.40%	$10,000	Compare
6 Mo CD	0.40%	$100,000	Compare
12 Mo CD	0.40%	$10,000	Compare
12 Mo CD	0.40%	$100,000	Compare
18 Mo CD	0.35%	$10,000	Compare
18 Mo CD	0.35%	$100,000	Compare
24 Mo CD	0.35%	$10,000	Compare
24 Mo CD	0.35%	$100,000	Compare
36 Mo CD	0.25%	$10,000	Compare
36 Mo CD	0.25%	$100,000	Compare

MM RATES	APY	MIN
Money Market	0.10%	$2,500	Compare
Money Market	0.10%	$10,000	Compare
Money Market	0.50%	$25,000	Compare

FIXED IRA RATES	APY	MIN
Special: 6 Mo FIRA	0.40%	$10,000

INT CHECKING RATES	APY	MIN
Int Ckg	0.15%	$2,500

Loan Rates - June 09, 2025

MORTGAGE PURCHASE	APR(%)	MONTHLY PAYMENT
15 Year Fixed Conforming	6.47%	$2,765.60
20 Year Fixed Conforming	6.83%	$2,433.16
30 Year Fixed Conforming	6.55%	$2,022.62

MORTGAGE REFINANCE	APR(%)	MONTHLY PAYMENT
15 Year Fixed Conforming	6.47%	$2,765.60
20 Year Fixed Conforming	6.83%	$2,433.16
30 Year Fixed Conforming	6.55%	$2,022.62

See Other Mortgage Rates →

Overview 2025

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 27503
Date Established	1989
Assets	$ 587.87 million
Loans	$ 196.73 million
Deposits	$ 452.81 million
Capital	$ 128.97 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 258.16 million
Interest-bearing balances	$ 257.12 million
Total securities	$ 120.56 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 196.73 million
Loan loss allowance	$ 9.18 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 0.01 million
All other assets	$ 9.68 million
Total Assets	$ 458.90 million

LIABILITIES
Total deposits	$ 452.81 million
Interest-bearing deposits	$ 355.97 million
Deposits held in domestic offices	$ 452.81 million
% insured (estimated)"	57.78%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 6.00 millionn
Total Liabilities	$ 458.90 million
Shareholders’ Equity	$ 128.97 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 28.77 million
Total Interest Expense	$ 8.36 million
Net interest income	$ 20.41 million
Provision for loan and lease losses	$ 0.70 million
Total non interest income	$ 0.18 million
Total non interest expense	$ 14.92 million
Pre-tax Net Operating Income	$ 3.05 million

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Branches

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