Century Bank and Trust Company in Somerville, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Century Bank and Trust Company in Somerville, Massachusetts (MA)
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Century Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 19943
    Status: Active
    Federal Reserve ID: 377908
    Bank Holding Company (Regulatory Top Holder): Century Bancorp, Inc. (RSSDID: 1111088, Location: Medford, MA)
    Date Established: May 01, 1969
    WWW: http://www.centurybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 25 (Domestic: 25, Interstate: No)
    OTS Docket #: 12351
    FDIC's unique #: 13699
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 01, 1969
    Last Structure Change Effective Date: May 11, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 Fellsway West, Somerville, MA 2145
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $2,740.5 mil
    Equity capital: $170.6 mil
    Deposits held in domestic offices: $2,148.1 mil
    Return on assets (ROA): 0.70% ($19.2 mil)
    Quarterly return on assets: 0.68% ($18.6 mil)
    Return on Equity (ROE): 11.25% ($19.2 mil)
    Quarterly return on equity: 10.71% ($18.3 mil)
    Net income: $18.3 mil
    Quarterly Net income: $4.6 mil
    Pretax return on assets: 0.79% ($21,650.1 mil)
    Quarterly Pretax return on assets: 0.79% ($21,650.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 361Total employees (full-time equivalent)
  • $2,740,515Total assets
  • $226,128Cash and due from depository institutions
  • $175,930Interest-bearing balances
  • $1,438,044Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $967,918Net loans & leases
  • $16,574Loan loss allowance
  • $0Trading account assets
  • $21,757Bank premises and fixed assets
  • $1,182Other real estate owned
  • $2,908Goodwill and other intangibles
  • $2,740,515Life insurance assets
  • $82,578All other assets
  • $2,569,873Total liabilities and capital
  • $2,148,051Total liabilities
  • $1,965,022Total deposits
  • $2,148,051Interest-bearing deposits
  • $53Deposits held in domestic offices
  • 143320.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $244,143Trading liabilities
  • $0Other borrowed funds
  • $34,359Subordinated debt
  • $170,642All other liabilities
  • $170,642Total equity capital
  • $170,642Total bank equity capital
  • $0Perpetual preferred stock
  • $2,250Common stock
  • $69,973Surplus
  • $98,419Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,845Income earned, not collected on loans
  • $0Earning assets
  • $6,018Long-term assets (5+ years)
  • $2,581,892Average Assets, year-to-date
  • $1,411,679Average Assets, quarterly
  • $2,599,061Volatile liabilities
  • $2,700,483Insider loans
  • $1,304,342FHLB advances
  • $2,700,835Loans and leases held for sale
  • $40,351Unused loan commitments
  • $40,351Tier 1 (core) risk-based capital
  • $167,558Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $229,243Restructured Loans and leases
  • $2,765Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $78,195Total interest income
  • $20,467Total interest expense
  • $57,728Net interest income
  • $4,550Provision for loan and lease losses
  • $14,114Total noninterest income
  • $109Fiduciary activities
  • $7,866Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,139Additional noninterest income
  • $48,580Total noninterest expense
  • $29,630Salaries and employee benefits
  • $6,885Premises and equipment expense
  • $12,065Additional noninterest expense
  • $18,712Pre-tax net operating income
  • $1,940Securities gains (losses)
  • $2,372Applicable income taxes
  • $18,280Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,280Net income attributable to bank
  • $0Net charge-offs
  • $18,280Cash dividends
  • $2,029Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.19%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 2.36%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 11.25%Return on equity (ROE)
  • 11.25%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 224.25%Credit loss provision to net charge-offs
  • 11.46%Efficiency ratio
  • 67,081Assets per employee
  • 7.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 283.56%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 45.06%Net loans and leases to core deposits
  • 49.33%Equity capital to assets
  • 6.23%Core capital (leverage) ratio
  • 6.20%Tier 1 risk-based capital ratio
  • 12.85%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,599,061Average earning assets
  • $162,485Average equity
  • $2,449,775Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $12,549Managed Assets
  • 1Number of Accounts
  • $12,549Personal trust and agency accounts
  • $189Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,360Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 25 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013699Century Bank And Trust Company102 Fellsway West, Somerville, MA 2145May 01, 1969Full Service Brick and Mortar
    1250010Malden Branch140 Ferry Street, Malden, MA 2148September 23, 1972Full Service Brick and Mortar
    2250011North Cambridge Branch2309 Massachusetts Avenue, Cambridge, MA 2140May 18, 1974Full Service Brick and Mortar
    4250013Burlington Branch132 Cambridge Street, Burlington, MA 1803March 15, 1982Full Service Brick and Mortar
    5250014Medford Branch400 Mystic Avenue, Medford, MA 2155September 24, 1984Full Service Brick and Mortar
    7254664North End Branch275 Hanover Street, Boston, MA 2113November 14, 1985Full Service Brick and Mortar
    9254666Allston/Brighton Branch300 Western Avenue, Boston, MA 2134September 29, 1986Full Service Brick and Mortar
    1010817Lynn Branch2 State Street, Lynn, MA 1903January 01, 1919Full Service Brick and Mortar
    11238569Salem Branch37 Central Street, Salem, MA 1970December 01, 1947Full Service Brick and Mortar
    12238570Beverly Branch428 Rantoul Street, Beverly, MA 1915June 01, 1982Full Service Brick and Mortar
    13238571Peabody Branch12 Peabody Square, Peabody, MA 1960December 26, 1984Full Service Brick and Mortar
    15250015Quincy Branch651 Hancock Street, Quincy, MA 2170March 26, 1993Full Service Brick and Mortar
    16250016Braintree Branch705 Granite Street, Braintree, MA 2184March 26, 1993Full Service Brick and Mortar
    17250017Everett Branch1763 Revere Beach Parkway, Everett, MA 2149August 21, 1995Full Service Brick and Mortar
    18241389Medford Square BranchOne Salem Street, Medford, MA 2155October 29, 1980Full Service Brick and Mortar
    21360990Brookline Branch1184/1186 Bolyston Street, Brookline, MA 2445April 24, 2001Full Service Brick and Mortar
    22361022Chestnut Hill Newton Branch31 Bolyston Street, Chestnut Hill, MA 2467January 08, 2001Full Service Brick and Mortar
    23365112Federal Street Branch24 Federal Street, Boston, MA 2110April 29, 2002Full Service Brick and Mortar
    26423048Hotel Commonwealth Branch500-528 Commonwealth Avenue, Boston, MA 2215August 11, 2003Full Service Brick and Mortar
    28443116State Street Boston Branch136 State Street, Boston, MA 2110June 30, 2005Full Service Brick and Mortar
    29469972Hebrew Senior Life Center Branch100 Centre Street, Brookline, MA 2446July 20, 2006
    30473970Fellsway Plaza Branch503 Riverside Avenue, Medford, MA 2155April 14, 2008Full Service Brick and Mortar
    31492788Winchester Branch522 Main Street, Winchester, MA 1890November 17, 2008Full Service Brick and Mortar
    32508325Coolidge Corner Branch1354 Beacon Street, Brookline, MA 2446April 27, 2010Full Service Brick and Mortar
    33520924Newton Centre Branch32 Langley Road, Newton Center, MA 2459June 20, 2011Full Service Brick and Mortar

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