Central Bancorp, Inc. serves as the holding company for Central Co-operative Bank (the Bank). The principal business of the Company is the business of the Bank. The Bank is primarily engaged in generating funds in the form of deposits and using these funds to make mortgage loans for the construction, purchase and refinancing of residential properties and to make loans on commercial real estate in its market area. In addition, it makes a limited amount of consumer loans including home improvement and secured and unsecured personal loans, as well as commercial and industrial loans. The Bank also maintains an investment portfolio of various types of debt securities, including corporate bonds and mortgage-backed securities, as well as a limited amount of equity securities.