Century Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total interest income was $21,062,000 compared to $20,947,000 a year ago. Net interest income was $16,222,000 compared to $16,105,000 a year ago. Net interest income after provision for loan losses was $15,822,000 compared to $15,645,000 a year ago. Income before income taxes was $5,744,000 compared to $5,141,000 a year ago. Net income was $5,623,000 compared to $5,025,000 a year ago. Earnings per average Class A share, diluted was $1.01 compared to $0.90 a year ago.

For the year, the company's total interest income was $85,371,000 compared to $79,765,000 a year ago. Net interest income was $66,235,000 compared to $60,960,000 a year ago. The 8.7% increase in net interest income for the period is primarily due to an increase in average earning assets. Net interest income after provision for loan losses was $64,185,000 compared to $58,250,000 a year ago. Income before income taxes was $22,726,000 compared to $21,053,000 a year ago. Net income was $21,860,000 compared to $20,046,000 a year ago. Earnings per average Class A share, diluted was $3.93 compared to $3.61 a year ago. Return on average assets was 0.61% compared to 0.60% a year ago. Return on average stockholders' equity was 11.57% compared to 11.58% a year ago. Book value per share as on December 31, 2014 was $34.57 compared to $31.76 a year ago. Tangible book value per share as on December 31, 2014 was $34.09 compared to $31.27 a year ago.

The board of directors of the company voted a regular quarterly dividend of 12.00 cents ($0.12) per share on the Company's Class A common stock, and 6.00 cents ($0.06) per share on the Company's Class B common stock. The dividends were declared payable on February 17, 2015 to stockholders of record on February 2, 2015.