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Eastern Bank Corporation
Consolidated Balance Sheet


(In thousands)
June 30,
2008
June 30,
2007
Assets
Cash and due from banks
$    174,674
$   185,768
Short term investments
13,560
70,125
Trading securities
123,316
136,196
Securities available for sale
2,158,555
1,738,754
Loans held for sale 16,892 22,647
Loans, net of allowance for losses of $61,638 in 2008 and $58,397 in 2007
3,846,327
4,204,441
Accrued interest receivable
25,989
28,088
Federal Home Loan Bank stock, at cost 42,103 31,148
Banking premises and equipment, net
40,136
43,560
Bank owned life insurance
32,135
30,726
Goodwill and other intangibles, net
119,487
99,056
Other assets
202,075
162,352
Total Assets
$6,795,249
$6,752,861

Liabilities and Retained Earnings
Liabilities
Deposits:
    Demand
$  266,249
$  204,960
    Savings
333,709
373,498
    NOW 67,506 52,376
    Money market investment
2,805,687
2,804,038
    Time
732,988
901,364
    Time - $100,000 and over
366,824
534,440
Total Deposits
4,572,963
4,870,676
Borrowed funds
692,688
555,012
Federal Home Loan Bank advances
645,171
438,398
Escrow deposits of borrowers
5,683
5,917
Other liabilities
124,291
118,502
Total Liabilities
6,040,796
5,988,505
Commitments and contingencies
Retained earnings
844,703
791,044
Accumulated other comprehensive income,
net of tax
(90,250)
(26,688)
Total Retained Earnings
754,453
764,356
Total Liabilities and Retained Earnings
$6,795,249
$6,752,861





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