Eastern Bank Mortgage Rates, Fees & Info

Boston, MA

LEI: X8V2II80XTQHRH7NCB19

Tax ID: 04-3067724

5 stars - out of 5 stars, based on 73 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Eastern Bank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Eastern Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Boston, Providence, Barnstable Town, Worcester, and Manchester among others. Eastern Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Eastern Bank is typically an average fee lendor.


Originations

5,389

Origination Dollar Volume (All Markets)

$1,846,425,000

Employee count

1,994 Show all (8) awards

Relative Rate

Eastern Bank's average 30 year fixed rate mortgage of loans were 2.91%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.24%.

Relative Fees

Eastern Bank's average total fees for a 30 year fixed rate mortgage are $4,400.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4,426 $1,530,570,000 $345,813 $4,072 2.82%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 266 $102,580,000 $385,639 $4,846 3.04%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 396 $98,670,000 $249,167 $4,020 2.82%
WORCESTER, MA-CT (FHA|USDA|VA) 81 $27,605,000 $340,802 $4,262 2.96%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 79 $25,235,000 $319,430 $3,871 3.00%
Outside of Metro Areas 25 $11,875,000 $475,000 $4,930 2.90%
SPRINGFIELD, MA (FHA|USDA|VA) 14 $11,630,000 $830,714 $4,405 2.90%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 20 $8,730,000 $436,500 $4,013 2.99%
Vineyard Haven, MA (FHA|USDA|VA) 15 $7,875,000 $525,000 $4,873 2.84%
Laconia, NH (FHA|USDA|VA) 13 $6,375,000 $490,385 $4,201 2.81%
Lebanon, NH-VT (FHA|USDA|VA) 17 $4,955,000 $291,471 $4,171 2.96%
Concord, NH (FHA|USDA|VA) 21 $3,275,000 $155,952 $3,731 2.80%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,715,000 $543,000 $4,849 2.70%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $0 3.50%
PITTSFIELD, MA (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,717 2.92%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $850,000 $212,500 $3,471 3.00%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $775,000 $775,000 $5,512 2.75%
Keene, NH (FHA|USDA|VA) 2 $450,000 $225,000 $3,088 2.63%

Eastern Bank's top markets include Boston, Providence, Barnstable Town, Worcester, and Manchester among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 5,337 $1,822,525,000 $341,489 $3,899 2.84%
FHA 47 $21,895,000 $465,851 $12,708 2.75%
VA 5 $2,005,000 $401,000 $4,966 2.80%

For the 2021 period, Eastern Bank's most frequently originated loan type of loans were Conventional, with 5,337 originations. Their 2nd most popular type is FHA, with 47 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Improvement 1,725 $239,095,000 $138,606 $3,379 2.77%
Refi 1,553 $557,885,000 $359,231 $3,683 2.80%
Home Purchase 774 $520,990,000 $673,114 $4,950 2.97%
Cash Out Refi 679 $402,055,000 $592,128 $3,794 3.01%
Other 658 $126,400,000 $192,097 $3,934 2.77%

For the 2021, Eastern Bank's most frequently cited loan purpose of loans were Home Improvement, with 1,725 originations. The 2nd most popular reason of loans were Refi, with 1,553 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 3,375 $619,945,000 $183,687 $3,609 2.77%
30 Year 1,394 $753,330,000 $540,409 $4,400 2.91%
15 Year 315 $102,595,000 $325,698 $3,247 2.55%
10 Year 239 $306,905,000 $1,284,121 $3,166 3.66%
20 Year 62 $25,140,000 $405,484 $3,105 2.99%
5 Year 3 $38,135,000 $12,711,667 $0 3.33%
1 Year 1 $375,000 $375,000 $0 4.25%

For the 2021, Eastern Bank's most frequently cited loan length of loans were Other, with 3,375 originations. The 2nd most popular length of loans were 30 Year, with 1,394 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 1,619 $809,745,000 $500,151
$2k-3k 77 $27,695,000 $359,675
$3k-4k 34 $16,570,000 $487,353
$5k+ 21 $9,595,000 $456,905

$4,400 of loans were Eastern Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,619 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 4,384 $1,258,600,000 $287,089
3-4% 596 $406,610,000 $682,232
<2.5% 316 $127,260,000 $402,722
4-5% 90 $52,430,000 $582,556
5-6% 3 $1,525,000 $508,333

During 2021, Eastern Bank's average interest rate of loans were 2.91%, while their most frequently originated rate bucket of loans were 2.5-3%, with 4,384 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,474 $413,540,000 $280,556 $3,697 2.87%
$100k-200k 1,296 $176,090,000 $135,872 $3,105 2.78%
$100,000 or less 1,172 $66,430,000 $56,681 $1,444 2.78%
$400k-600k 758 $366,190,000 $483,100 $4,534 2.91%
$600k-1MM 505 $374,305,000 $741,198 $4,629 2.87%
$1MM+ 184 $449,870,000 $2,444,946 $5,695 2.99%

2021 saw Eastern Bank place emphasis on $200k-400k loans with 1,474 originations, totaling $413,540,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 1,422 $408,960,000 $287,595 $4,089 2.79%
$100k-150k 1,188 $279,660,000 $235,404 $4,241 2.81%
$250k+ 1,031 $477,535,000 $463,177 $4,569 2.77%
$75k-100k 704 $145,370,000 $206,491 $4,086 2.81%
$50k-75k 517 $91,235,000 $176,470 $3,658 2.83%
$50k or less 184 $22,750,000 $123,641 $3,294 2.87%

Eastern Bank lent most frequently to those with incomes in the $150k-250k range, with 1,422 originations. The second most popular income band? $100k-150k, with 1,188 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,353 $368,535,000 $272,384 $3,900 2.79%
30-36% 1,028 $290,940,000 $283,016 $3,893 2.79%
<20% 727 $178,375,000 $245,358 $3,798 2.77%
42% 553 $149,045,000 $269,521 $4,600 2.78%
39% 234 $67,500,000 $288,462 $4,380 2.80%
40% 212 $65,610,000 $309,481 $3,853 2.80%
38% 189 $58,915,000 $311,720 $4,061 2.80%
41% 187 $62,855,000 $336,123 $4,134 2.79%
37% 184 $52,740,000 $286,630 $4,160 2.83%
36% 178 $54,730,000 $307,472 $3,909 2.80%
43% 59 $17,135,000 $290,424 $4,114 2.91%
49% 35 $11,595,000 $331,286 $4,172 3.11%
48% 29 $10,565,000 $364,310 $3,867 3.14%
50-60% 28 $11,390,000 $406,786 $11,389 2.90%
44% 26 $11,250,000 $432,692 $4,615 2.87%
47% 26 $8,220,000 $316,154 $4,668 2.97%
45% 22 $6,750,000 $306,818 $6,699 2.99%
46% 20 $6,260,000 $313,000 $4,964 2.99%
>60% 13 $2,415,000 $185,769 $1,572 2.90%

Eastern Bank lent most frequently to those with DTI ratios of 20-30%, with 1,353 originations. The next most common DTI ratio? 30-36%, with 1,028 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 4,194 $1,199,210,000 $285,935 $4,019 2.80%
Not applicable 210 $357,100,000 $1,700,476 $0 3.78%
Asian 260 $100,330,000 $385,885 $4,333 2.79%
Not provided 385 $96,115,000 $249,649 $3,923 2.79%
Black 288 $81,020,000 $281,319 $5,297 2.80%
Asian Indian 16 $5,880,000 $367,500 $3,776 2.85%
American Indian 13 $2,665,000 $205,000 $4,279 2.77%
Chinese 7 $1,385,000 $197,857 $0 2.75%
1 $865,000 $865,000 $5,210 2.75%
Other Pacific Islander 2 $580,000 $290,000 $3,051 2.75%
Vietnamese 2 $360,000 $180,000 $0 2.75%
Other Asian 3 $325,000 $108,333 $0 2.75%
Filipino 4 $300,000 $75,000 $0 2.75%
Native Hawaiian 3 $255,000 $85,000 $0 2.75%
Japanese 1 $35,000 $35,000 $0 3.25%

Approval Rates

Total approvals of all applications
75.74%

Eastern Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
86.24%

Eastern Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,389 $1,846,425,000 $342,629

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,389 $1,846,425,000 $342,629

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,366 $329,030,000 $240,871 $3,381 2.77%
40-60% 863 $444,105,000 $514,606 $3,701 2.85%
60-80% 939 $650,495,000 $692,753 $4,139 3.03%
80-100% 458 $234,780,000 $512,620 $5,161 2.82%
Over 100% 18 $24,730,000 $1,373,889 $0 3.80%
Under 20% 1,745 $163,285,000 $93,573 $2,387 2.78%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
EASTERN BANKSHARES INC Conventional home mortgage Incorrect information on your report 1 33.3%
EASTERN BANKSHARES INC Conventional home mortgage Trouble during payment process 1 33.3%
EASTERN BANKSHARES INC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Eastern Bank 11 Trafalgar Square, Suite 105 Nashua, NH 3063 Full Service B&M $13,888
Eastern Bank 156 Boston Street Lynn, MA 1904 Full Service B&M $187,927
Eastern Bank 1560 Old Post Road Marstons Mills, MA 2648 Full Service B&M $62,864
Eastern Bank 163 Deer Street Portsmouth, NH 3801 Full Service B&M $81,967
Eastern Bank 163 Main Street Stoneham, MA 2180 Full Service B&M $182,576
Eastern Bank 17 Storey Avenue Newburyport, MA 1950 Full Service B&M $155,870
Eastern Bank 1833 Massachusetts Ave Lexington, MA 2420 Full Service B&M $55,541
Eastern Bank 188 Needham Street Newton, MA 2464 Full Service B&M $109,776
Eastern Bank 19 Congress Street Salem, MA 1970 Full Service B&M $92,334
Eastern Bank 19 Depot Street Duxbury, MA 2332 Full Service B&M $73,479
Eastern Bank 1906 Dorchester Avenue Dorchester, MA 2124 Full Service Retail $57,535
Eastern Bank 1932 Ocean Street Marshfield, MA 2050 Full Service B&M $87,033
Eastern Bank 2 South Avenue Natick, MA 1760 Full Service B&M $83,715
Eastern Bank 300 Brooksby Village Drive Peabody, MA 1960 Full Service B&M $25,048
Eastern Bank 3003 Cranberry Highway East Wareham, MA 2538 Full Service B&M $101,221
Eastern Bank 301 Harvard Street Brookline, MA 2446 Full Service Retail $61,799
Eastern Bank 33 Enon Street Beverly, MA 1915 Full Service B&M $101,638
Eastern Bank 339 Squire Road Revere, MA 2151 Full Service B&M $4,623
Eastern Bank 34 Chapman Street Quincy, MA 2170 Full Service B&M $261,244
Eastern Bank 340 Front Street Marion, MA 2738 Full Service B&M $125,008
Eastern Bank 35 Memorial Parkway Randolph, MA 2368 Full Service B&M $110,713
Eastern Bank 37 Foster Street Peabody, MA 1960 Full Service B&M $161,463
Eastern Bank 370 Main Street Wilmington, MA 1887 Full Service B&M $167,291
Eastern Bank 375 Iyannough Road Hyannis, MA 2601 Full Service B&M $45,435
Eastern Bank 397 Washington Street Stoughton, MA 2072 Full Service B&M $84,793
Eastern Bank 50 Central Street Lowell, MA 1852 Full Service B&M $43,728
Eastern Bank 51 Commercial Street Braintree, MA 2184 Full Service B&M $103,583
Eastern Bank 53 Locust Street Medford, MA 2155 Full Service B&M $100,073
Eastern Bank 538 Central Avenue Dover, NH 3820 Full Service B&M $29,304
Eastern Bank 6 Shellback Way Mashpee, MA 2649 Full Service B&M $66,030
Eastern Bank 6 Traders Way Salem, MA 1970 Full Service B&M $214,733
Eastern Bank 60 Main Street Andover, MA 1810 Full Service B&M $86,360
Eastern Bank 605 Broadway Saugus, MA 1906 Full Service B&M $435,674
Eastern Bank 63 Franklin St Boston, MA 2110 Full Service B&M $235,520
Eastern Bank 63 Franklin Street Quincy, MA 2169 Full Service B&M $168,380
Eastern Bank 647 Massachusetts Avenue Cambridge, MA 2139 Full Service B&M $64,422
Eastern Bank 65c Route 6a Sandwich, MA 2563 Full Service B&M $88,049
Eastern Bank 1 Atwood Lane Bedford, NH 3110 Full Service B&M $146,228
Eastern Bank 100 Brooksby Village Drive Peabody, MA 1960 Full Service B&M $53,415
Eastern Bank 108 Main Street Kingston, MA 2364 Full Service B&M $67,252
Eastern Bank 11 South Main Street Concord, NH 3301 Full Service B&M $83,968
Eastern Bank 203 Littleton Road Westford, MA 1886 Full Service B&M $86,608
Eastern Bank 2060 Commonwealth Avenue Auburndale, MA 2466 Full Service B&M $80,719
Eastern Bank 226 Main Street Wareham, MA 2571 Full Service B&M $77,655
Eastern Bank 240 Providence Highway Dedham, MA 2026 Full Service B&M $162,032
Eastern Bank 246 Border Street East Boston, MA 2128 Full Service Retail $45,370
Eastern Bank 250 Elm Street Somerville, MA 2144 Full Service B&M $70,077
Eastern Bank 265 Franklin St Boston, MA 2110 Full Service B&M $3,997,855
Eastern Bank 274 Main Street Hingham, MA 2043 Full Service B&M $101,387
Eastern Bank 276 Quincy Street Brockton, MA 2302 Full Service B&M $72,003
Eastern Bank 287 3rd St Cambridge, MA 2142 Full Service B&M $36,646
Eastern Bank 29 County Road Mattapoisett, MA 2739 Full Service B&M $153,115
Eastern Bank 291 Chelmsford Street Chelmsford, MA 1824 Full Service B&M $135,155
Eastern Bank 4 Federal Street Danvers, MA 1923 Full Service B&M $324,223
Eastern Bank 405 Paradise Road Swampscott, MA 1907 Full Service B&M $298,425
Eastern Bank 41 Hooksett Road Manchester, NH 3104 Full Service B&M $89,828
Eastern Bank 43 Middlesex Turnpike, Suite 10 Burlington, MA 1803 Full Service B&M $101,997
Eastern Bank 441 Main Street Melrose, MA 2176 Full Service B&M $247,575
Eastern Bank 445 Main Street Wakefield, MA 1880 Full Service B&M $150,012
Eastern Bank 45 Broadway Road Dracut, MA 1826 Full Service B&M $74,224
Eastern Bank 45 Main Street Lakeville, MA 2347 Full Service B&M $169,612
Eastern Bank 45 Salem Street Lynnfield, MA 1940 Full Service B&M $226,400
Eastern Bank 466 Lincoln Avenue Saugus, MA 1906 Full Service B&M $106,578
Eastern Bank 470 West Broadway South Boston, MA 2127 Full Service B&M $80,547
Eastern Bank 486 Essex Street Lawrence, MA 1840 Full Service B&M $27,921
Eastern Bank 687 Centre Street Jamaica Plain, MA 2130 Full Service B&M $150,566
Eastern Bank 7 South Main Street Sharon, MA 2067 Full Service B&M $153,735
Eastern Bank 71 Carver Road West Plymouth, MA 2360 Full Service B&M $183,902
Eastern Bank 738 Broadway Everett, MA 2149 Full Service B&M $74,214
Eastern Bank 742 County Street Taunton, MA 2780 Full Service B&M $75,491
Eastern Bank 80 Washington Street Norwell, MA 2061 Full Service B&M $178,700
Eastern Bank 81 Bridge Street Beverly, MA 1915 Full Service B&M $90,819
Eastern Bank 815 Main Street Falmouth, MA 2540 Full Service B&M $140,271
Eastern Bank 90 Everett Avenue Chelsea, MA 2150 Full Service B&M $73,311
Eastern Bank Essex Center Drive Peabody, MA 1960 Full Service Retail $79,853
Eastern Bank One Brattle Square Cambridge, MA 2138 Full Service B&M $89,705
Eastern Bank One Church Street Watertown, MA 2472 Full Service B&M $86,359
Eastern Bank 110 Main Street Bridgewater, MA 2324 Full Service B&M $68,020
Eastern Bank 112 Market Street Lynn, MA 1901 Full Service B&M $202,736
Eastern Bank 1150 Washington Street Weymouth, MA 2189 Full Service B&M $102,700
Eastern Bank 118 Washington Street Marblehead, MA 1945 Full Service B&M $51,428
Eastern Bank 123 Haven Street Reading, MA 1867 Full Service B&M $178,961
Eastern Bank 1255 Centre Street Newton, MA 2459 Full Service Retail $70,703
Eastern Bank 1265 Belmont Street Brockton, MA 2301 Full Service B&M $212,874
Eastern Bank 130 Pleasant Street Malden, MA 2148 Full Service B&M $110,471
Eastern Bank 139 Washington Street Salem, MA 1970 Full Service B&M $54,388
Eastern Bank 1413 Tremont Street Boston, MA 2120 Full Service B&M $45,749
Eastern Bank 155 Dartmouth Street Boston, MA 2116 Full Service B&M $161,615

For 2021, Eastern Bank had 88 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $436,795
Net interest income $431,458
Total noninterest income $194,536
Gross Fiduciary activities income $24,797
Service charges on deposit accounts $24,272
Trading account gains and fees $0
Additional Noninterest Income $145,467
Pre-tax net operating income $195,161
Securities gains (or losses, -) $1,166
Income before extraordinary items $150,936
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $150,936
Minority interest net income $0
Net income $150,936
Sale, conversion, retirement of capital stock, net $0
Net operating income $150,014

Eastern Bank's gross interest income from loans was $436,795,000.
Eastern Bank's net interest income from loans was $431,458,000.
Eastern Bank's fee based income from loans was $24,272,000.
Eastern Bank's net income from loans was $150,936,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,337
Provision for credit losses $-9,686
Total noninterest expense $440,519
Salaries and employee benefits $295,912
Premises and equipment expense $44,514
Additional noninterest expense $100,093
Applicable income taxes $45,391
Net charge-offs $5,558
Cash dividends $0

Eastern Bank's interest expense for loans was $5,337,000.
Eastern Bank's payroll and benefits expense were $295,912,000.
Eastern Bank's property, plant and equipment expenses $44,514,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $19,783,055
Deposits held in domestic offices $19,783,055
Deposits by Individuals, partnerships, and corporations $16,834,351
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $2,922,713
Deposits by Commercial banks and other depository institutions in U.S. $25,991
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,087,225
Demand deposits $1,087,225
Nontransaction accounts $18,695,830
Money market deposit accounts (MMDAs) $16,071,602
Other savings deposits (excluding MMDAs) $2,097,847
Total time deposits $526,381
Total time and savings deposits $18,695,830
Noninterest-bearing deposits $837,503
Interest-bearing deposits $18,945,552
Retail deposits $19,409,541
IRAs and Keogh plan accounts $354,572
Brokered deposits $149,725
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $23,490,236
Cash & Balances due from depository institutions $1,230,603
Interest-bearing balances $1,087,158
Total securities $8,511,224
Federal funds sold & reverse repurchase $0
Net loans and leases $12,158,518
Loan and leases loss allowance $97,787
Trading account assets $0
Bank premises and fixed assets $163,244
Other real estate owned $0
Goodwill and other intangibles $649,513
All other assets $777,134

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $23,490,236
Total Liabilities $20,240,103
Total deposits $19,783,055
Interest-bearing deposits $18,945,552
Deposits held in domestic offices $19,783,055
% insured (estimated) $48
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $15,044
Subordinated debt $0
All other liabilities $442,004

Issued Loan Types

Type Value (in 000's)
Net loans and leases $12,158,518
Loan and leases loss allowance $97,787
Total loans and leases (domestic) $12,256,305
All real estate loans $7,980,464
Real estate loans in domestic offices $7,980,464
Construction and development loans $167,036
Residential 1-4 family construction $0
Other construction, all land development and other land $167,036
Loans secured by nonfarm nonresidential properties $3,465,627
Nonfarm nonresidential secured by owner-occupied properties $1,220,783
Commercial real estate & other non-farm, non-residential $2,244,844
Multifamily residential real estate $1,130,698
1-4 family residential loans $3,217,007
Farmland loans $96
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $2,184,384
To non-U.S. addressees $0
Loans to individuals $197,102
Credit card loans $0
Related Plans $15,390
Consumer Auto Loans $50,093
Other loans to individuals $131,619
All other loans & leases $1,900,641
Loans to foreign governments and official institutions $0
Other loans $202,443
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $100,145
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $30,843
Non 1-4 family restructured loans & leases $11,095
Total loans and leases (foreign) $0

Eastern Bank had $12,158,518,000 of loans outstanding in 2021. $7,980,464,000 of loans were in real estate loans. $167,036,000 of loans were in development loans. $1,130,698,000 of loans were in multifamily mortgage loans. $3,217,007,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $50,093,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 1,700 $530,833 $312,255
Nonfarm, nonresidential loans - <$100k 85 $4,180 $49,176
Nonfarm, nonresidential loans - $100-250k 500 $66,708 $133,416
Nonfarm, nonresidential loans - $250k-1MM 1,115 $459,945 $412,507
Commercial & Industrial, US addressed loans - <$1MM 8,454 $565,740 $66,920
Commercial & Industrial, US addressed loans - <$100k 6,695 $146,070 $21,818
Commercial & Industrial, US addressed loans - $100-250k 913 $118,366 $129,645
Commercial & Industrial, US addressed loans - $250k-1MM 846 $301,304 $356,151
Farmland loans - <$1MM 1 $96 $96,000
Farmland loans - <$100k 1 $96 $96,000