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Overview / Commentary
265 Franklin Street
Boston, MA 02110

Eastern Bank is headquartered in Boston and is the 2nd largest bank in the state of Massachusetts. It is also the 119st largest bank in the nation. It was established in 1989 and as of March of 2014, it had grown to 1,571 employees at 96 locations. Eastern Bank has a A+ 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 Eastern Bank had $29.71 million in non-current loans and owned real-estate with $1.19 billion in equity and loan loss allowances on hand to cover it. This gives Eastern Bank a Texas Ratio of 2.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Eastern Bank decreased dramatically from 4.86% as of March 31, 2013 to 2.49% as of March 31, 2014, resulting in a positive change of 48.83%.This indicates that the balance sheet and financial strength for Eastern Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Eastern Bank has increased its total deposits by $199.8 million, resulting in 2.9% 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 Eastern Bank has shown is above average.



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. Eastern Bank has $8.68 billion in assets with $1.19 billion in equity, resulting in a capitalization level of 13.76%, which is excellent.

Institution Statistics

FDIC Certificate #32773
Year Established1989
Primary RegulatorFDIC
Assets and Liabilities
Assets$8.68 billion
Loans$5.32 billion
Deposits$7.10 billion
Equity Capital$1.13 billion
Loan Loss Allowance$64.82 million
Unbacked Noncurrent Loans$25.89 million
Real Estate Owned$3.82 million
Historic Data - March 2013
Assets$8.54 billion
Equity Capital$1.06 billion
Loan Loss Allowance$71.62 million
Unbacked Noncurrent Loans$25.89 million
Real Estate Owned$6.81 million
Profit Margin - Quarterly
Net Interest Margin2.83%
Return on Assets0.74%
Return on Equity5.74%
Interest Income$57.29 million

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Eastern Bank Savings Account Rates

0.10%$10k-Prime Liquid Assets
0.05%--Passbook Savings
0.05%--Statement Savings

Eastern Bank Money Market Rates

0.10%$10k-Premier Money Market

Eastern Bank Checking Account Rates

0.02%--Premier Checking

Eastern Bank CD Rates

0.60%$500-60 + Month Premier CD
0.50%$500-60 + Month Personal CD
0.50%$500-48 - 59 Month Premier CD
0.40%$500-48 - 59 Month Personal CD
0.40%$500-36 - 47 Month Premier CD
0.30%$500-36 - 47 Month Personal CD
0.30%$500-24 - 35 Month Premier CD
0.20%$500-24 - 35 Month Personal CD
0.20%$500-12 - 23 Month Premier CD
0.10%$500-12 - 23 Month Personal CD
0.05%$2,500-3 - 5 Month Personal CD
0.05%$2,500-6 - 11 Month Personal CD
0.05%$2,500-3 - 5 Month Premier CD
0.05%$2,500-6 - 11 Month Premier CD

Eastern Bank has 98 locations. Click to view all Eastern Bank locations.