Northern Bank & Trust Company
Headquarters
275 Mishawum Rd
Woburn, MA 01801
See all branch locations →
2024 Overview
General Bank Information
Northern Bank & Trust Company is an FDIC insured institution located in Woburn, MA. It was founded in 1960 and has approximately $3.31 billion in assets. Customers can open an account at one of its 14 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 18266 |
| Date Established | 1960 |
| Assets | $ 3.31 billion |
| Loans | $ 2.78 billion |
| Deposits | $ 2.79 billion |
| Capital | $ 448.85 million |
For a more detailed analysis of Northern Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
Online Only CD Rates of Northern Bank Direct
| Online CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Month CD
|
4.75% | $500 | - |
Learn More
|
| 9 Month CD
|
4.75% | $500 | - |
Learn More
|
| 12 Month CD
|
4.00% | $500 | - |
Learn More
|
| 15 Month CD
|
4.00% | $500 | - |
Learn More
|
| 18 Month CD
|
3.75% | $500 | - |
Learn More
|
| 24 Month CD
|
3.75% | $500 | - |
Learn More
|
| 36 Month CD
|
3.75% | $500 | - |
Learn More
|
| 48 Month CD
|
3.75% | $500 | - |
Learn More
|
| 60 Month CD
|
3.75% | $500 | - |
Learn More
|
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Northern Plus Checking | 0.05% | $2,500 | $10.00 | Learn More |
| Northern Premium Checking | 0.05% | $10,000 | $20.00 | Learn More |
| Northern Free Checking | 0.00% | $0 | $0.00 | Learn More |
Bank Online Offers
Northern Bank Direct Makes Its Savings Rate Disappear
Sep 2, 2019
There is a risk in opening an online savings account with a bank you've never heard of, even if you it is offering 2.50% APY. You could just wake up one Labor Day morning and find that the offer and the account has entirely disappeared from that bank's website!
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Northern Bank & Trust Company
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.380% |
6.250% 0.88 points $4,400 fees |
$1,971 | Learn More |
NMLS ID: 2578474 |
6.482% |
6.375% 0.75 points $3,610 fees |
$1,997 | Learn More |
NMLS ID: 3029 |
6.643% |
6.500% 1.00 points $4,944 fees |
$2,023 | Learn More |
NMLS ID: 447490 |
6.758% |
6.625% 1.00 points $4,425 fees |
$2,049 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
9.250 %
After Intro: 9.250 % |
$0 |
Learn More
More Info |
Note to Northern Bank & Trust Company
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Northern Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Northern Bank & Trust Company Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 636.14 | A | View Lobby Hours | |
| 637.06 | B | View Lobby Hours | |
| 638.80 | C | View Lobby Hours | |
| 643.47 | D | View Lobby Hours | |
| 647.17 | E | View Lobby Hours | |
| 649.83 | F | View Lobby Hours | |
| 649.98 | G | View Lobby Hours | |
| 651.56 | H | View Lobby Hours | |
| 652.71 | I | View Lobby Hours | |
| 652.73 | J | View Lobby Hours | |
| 654.87 | K | View Lobby Hours | |
| 655.59 | L | View Lobby Hours |
Climate Policy and Initiatives
Northern Bank & Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
Add Your Review
or use your BestCashCow account
or
Financial Details
Northern Bank & Trust Company Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Northern Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Northern Bank & Trust Company | U.S. Bank Average |
|---|---|
| 11.2% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Northern Bank & Trust Company had $45,975,000 in non-current loans and $10,140,000 in owned real estate. To cover these potential losses it had $448,847,000 in equity and $52,281,000 in loans loss reserves. That gives it a Texas Ratio of 11.2%.
Return on Equity
| Northern Bank & Trust Company | U.S. Bank Average |
|---|---|
| 12.5% | 10.46% |
Northern Bank & Trust Company has a Return on Equity of 12.5% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Northern Bank & Trust Company | U.S. Bank Average |
|---|---|
| 13.55% | 10.84% |
Northern Bank & Trust Company has a Capitalization of 13.55% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Northern Bank & Trust Company Balance Sheet Analysis
As of June 30, 2024, Northern Bank & Trust Company had assets of $3,311,480,000, loans of $2,784,895,000, and deposits of $2,788,068,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 223.51 million |
| Interest-bearing balances | $ 218.73 million |
| Total securities | $ 136.38 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 2.78 billion |
| Loan loss allowance | $ 52.28 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 10.14 million |
| Goodwill and other intangibles | $ 0.53 million |
| All other assets | $ 85.98 million |
| Total Assets | $ 2.86 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 2.79 billion |
| Interest-bearing deposits | $ 2.30 billion |
| Deposits held in domestic offices | $ 2.79 billion |
| % insured (estimated) | 74.33% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 16.66 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 31.93 million |
| Total Liabilities | $ 2.86 billion |
| Shareholders’ Equity | $ 448.85 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 111.10 million |
| Total Interest Expense | $ 42.50 million |
| Net interest income | $ 68.60 million |
| Provision for loan and lease losses | $ 2.59 million |
| Total non interest income | $ 3.15 million |
| Total non interest expense | $ 30.93 million |
| Pre-tax Net Operating Income | $ 47.66 million |
Bank Loan Profile?
The top three loan types in Northern Bank & Trust Company’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Construction and Development Loans.
Compared to other banks in Massachusetts, Northern Bank & Trust Company has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 8.38 | ✓ | ||
| Multifamily Mortgages |
2.78 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 1.91 | ✓ | ||
| Construction and Development Loans | 14.10 | ✓ | ||
| Commercial Real Estate | 24.58 | ✓ | ||
| Commercial and Industrial Loans | 35.43 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Northern Bank & Trust Company
There are currently no comments for Northern Bank & Trust Company. Be the first to share your experience. Please provide comments that will help others.
Add Your Review
or use your BestCashCow account