Century Bancorp Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's total interest income was $20,947,000 compared to $19,738,000 a year ago. Net interest income was $16,105,000 compared to $14,943,000 a year ago. Net interest income after provision for loan losses was $15,645,000 compared to $14,043,000 a year ago. Income before income taxes was $5,141,000 compared to $4,917,000 a year ago. Net income was $5,025,000 compared to $4,778,000 a year ago. Earnings per average Class A share, diluted was $0.90 compared to $0.86 a year ago.

For the year, the company's total interest income was $79,765,000 compared to $81,494,000 a year ago. Net interest income was $60,960,000 compared to $61,954,000 a year ago. The 1.6% decrease in net interest income for the period is primarily due to $3.3 million of prepayment penalties collected during 2012 compared to $491,000 for 2013. Net interest income after provision for loan losses was $58,250,000 compared to $57,804,000 a year ago. Income before income taxes was $21,053,000 compared to $20,431,000 a year ago. Net income was $20,046,000 compared to $19,039,000 a year ago. Earnings per average Class A share, diluted was $3.61 compared to $3.43 a year ago. Return on average assets was 0.60% compared to 0.65% a year ago. Return on average stockholders' equity was 11.58% compared to 11.06% a year ago. Book value per share as on December 31, 2013 was $31.76 compared to $32.40 a year ago. Tangible book value per share as on December 31, 2013 was $31.27 compared to $31.91 a year ago.

The company's board of directors voted a regular quarterly dividend of 12 cents ($0.12) per share on the Class A common stock, and 6.00 cents ($0.06) per share on the Class B common stock. The dividends were declared payable February 18, 2014 to stockholders of record on February 3, 2014.