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10 Meridian Street
Boston, MA 02128

East Boston Savings Bank is headquartered in Boston and is the 10st largest bank in the state of Massachusetts. It is also the 273rd largest bank in the nation. It was established in 1991 and as of March of 2014, it had grown to 425 employees at 27 locations. East Boston Savings Bank's money market rates are 2X the national average, and it has a B+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 East Boston Savings Bank had $41.86 million in non-current loans and owned real-estate with $266.48 million in equity and loan loss allowances on hand to cover it. This gives East Boston Savings Bank a Texas Ratio of 15.71% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for East Boston Savings Bank decreased slightly from 20.63% as of March 31, 2013 to 15.71% as of March 31, 2014, resulting in a positive change of 23.85%.This indicates that the balance sheet and financial strength for East Boston Savings Bank has improved slightly in recent periods.

Deposit Growth


In the past year, East Boston Savings Bank has increased its total deposits by $359.24 million, resulting in 18.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth East Boston Savings Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. East Boston Savings Bank has $2.79 billion in assets with $266.48 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

FDIC Certificate #33510
Year Established1991
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.79 billion
Loans$2.32 billion
Deposits$2.32 billion
Equity Capital$241.04 million
Loan Loss Allowance$25.44 million
Unbacked Noncurrent Loans$41.01 million
Real Estate Owned$850,000
Historic Data - March 2013
Assets$2.38 billion
Equity Capital$207.10 million
Loan Loss Allowance$20.88 million
Unbacked Noncurrent Loans$41.01 million
Real Estate Owned$2.08 million
Profit Margin - Quarterly
Net Interest Margin3.2%
Return on Assets0.7%
Return on Equity8.06%
Interest Income$25.86 million

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East Boston Savings Bank Savings Account Rates

0.10%$25-Statement Savings
0.10%$25-Business Statement Savings

East Boston Savings Bank Money Market Rates

1.00%$1m-Money Market Account
1.00%$1m-Business Money Market Account
0.40%$25-Retirement Money Market Savings

East Boston Savings Bank Checking Account Rates

0.10%--Premier Checking
0.05%--Business Interest Checking
0.05%--Interest Checking

East Boston Savings Bank CD Rates

1.40%$1k-60 Month CD
1.40%$1k-Business 60 Month CD
1.10%$1k-48 Month CD
1.10%$1k-Business 48 Month CD
1.00%$1k-36 Month CD
1.00%$1k-Business 36 Month CD
0.85%$1k-30 Month Step-Up CD
0.85%$1k-Business 30 Month Step-Up CD
0.70%$1k-15 Month CD
0.70%$1k-24 Month CD
0.70%$1k-Business 24 Month CD
0.55%$1k-18 Month CD
0.55%$1k-Business 18 Month CD
0.50%$1k-9 Month CD
0.50%$1k-12 Month CD
0.50%$1k-Business 9 Month CD
0.50%$1k-Business 12 Month CD
0.35%$2,500-6 Month CD
0.35%$2,500-Business 6 Month CD

East Boston Savings Bank IRA Rates

1.39%$500-60 Month IRA
1.00%$500-36 Month IRA
0.85%$500-30 Month Step-Up IRA
0.70%$500-15 Month IRA
0.70%$500-24 Month IRA
0.65%$25k-20 Month Rate Lock IRA
0.55%$500-18 Month IRA
0.50%$500-9 Month IRA
0.50%$500-12 Month IRA
0.35%$500-6 Month IRA

East Boston Savings Bank has 26 locations. Click to view all East Boston Savings Bank locations.