Northern Bank & Trust Company

275 Mishawum Road
Woburn, MA 01801

Notable Rates APY Vs.Others
Savings 0.15% 2.30% →
1-Year CD 1.30% 2.25% →
2-Year CD 1.40% 2.50% →
5-Year CD 1.75% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 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 $2.15 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 18266
Date Established 1960
Assets $2.15 billion
Loans $1.89 billion
Deposits $1.83 billion
Capital $0.25 billion
 

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 - December 9, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
1.10% $500 - Learn MoreShow Less
12 Mo CD
1.30% $500 - Learn MoreShow Less
Special: 15 Mo CD
1.75% $500 $250,000 Learn MoreShow Less
18 Mo CD
1.35% $500 - Learn MoreShow Less
24 Mo CD
1.40% $500 - Learn MoreShow Less
30 Mo CD
1.50% $500 - Learn MoreShow Less
36 Mo CD
1.55% $500 - Learn MoreShow Less
48 Mo CD
1.60% $500 - Learn MoreShow Less
60 Mo CD
1.75% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.30% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $25 - Learn MoreShow Less

Online Only CD Rates of Northern Bank Direct

Online CD Rates APY MIN MAX
30 Month CD
1.50% $10,000 - Learn MoreShow Less
12 Month CD
1.30% $10,000 - Learn MoreShow Less
18 Month CD
1.40% $10,000 - Learn MoreShow Less
24 Month CD
1.45% $10,000 - Learn MoreShow Less
36 Month CD
1.55% $10,000 - Learn MoreShow Less
48 Month CD
1.65% $10,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Northern Plus Checking 0.00% $2,500 $10.00 Learn MoreShow Less
Northern Premium Checking 0.00% $10,000 $20.00 Learn MoreShow Less
Northern Free Checking 0.00% $0 $0.00 Learn MoreShow Less

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 - December 9, 2019

Your Current Location: Washington, WA 98109

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 - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
3.625% 3.625% -0.25 ($498) $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
3.571% 3.500% 0.50 $2,253 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.625% 3.625% 0.00 ($65) $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 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:
Seattle,Washington


Northern Bank & Trust Company Locations


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
4.18% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Northern Bank & Trust Company had $11,127,000 in non-current loans and $192,000 in owned real estate. To cover these potential losses it had $245,339,000 in equity and $25,632,000 in loans loss reserves. That gives it a Texas Ratio of 4.18%.

Return on Equity
Northern Bank & Trust Company U.S. Bank Average
15.64% 9.50%

Northern Bank & Trust Company has a Return on Equity of 15.64% versus the BestCashCow average of 9.50%. 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
11.41% 12.76%

Northern Bank & Trust Company has a Capitalization of 11.41% versus the BestCashCow average of 12.76. 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, 2019, Northern Bank & Trust Company had assets of $2,150,495,000, loans of $1,891,386,000, and deposits of $1,828,247,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.10 billion
Interest-bearing balances $0.10 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.89 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.06 billion
     Total Assets $1.91 billion
LIABILITIES
Total deposits $1.83 billion
      Interest-bearing deposits $1.52 billion
      Deposits held in domestic offices $1.83 billion
      % insured (estimated) 84.04%
Federal funds purchased and repurchase agreements $0.02 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.91 billion
      Shareholders’ Equity $0.25 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.06 billion
Total Interest Expense $0.01 billion
Net interest income $0.05 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.03 billion

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 1-4 Family Residential 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 15.30
Multifamily
Mortgages
0.83
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 3.65
Construction and Development Loans 13.27
Commercial Real Estate 32.43
Commercial and Industrial Loans 38.17
Farm Loans 0.00

Frequently Asked Questions About Northern Bank & Trust Company

Branches and Savings

Is Northern Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #18266.

Why does Northern Bank & Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northern Bank & Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northern Bank & Trust Company a commercial bank?

Yes

Where are Northern Bank & Trust Company locations?

See branch locations nearby.

Is Northern Bank & Trust Company open on Saturdays?

Is Northern Bank & Trust Company open on Sundays?

What time does Northern Bank & Trust Company open?

What time does Northern Bank & Trust Company close?

Are Northern Bank & Trust Company ATMs Open 24/7?

Do Northern Bank & Trust Company ATMs accept cash deposits?

Can Northern Bank & Trust Company customers use other ATMs?

Do Northern Bank & Trust Company branches have notaries?

Will Northern Bank & Trust Company notarize my document?

What address for Northern Bank & Trust Company should I put for incoming ACH transfers?

Will the Northern Bank & Trust Company branch print checks?

Do Northern Bank & Trust Company checks expire?

Does Northern Bank & Trust Company require US citizenship to open account?

Can Northern Bank & Trust Company close my account?

Does Northern Bank & Trust Company Report to credit bureaus?

Does Northern Bank & Trust Company Use Equifax?

What is Northern Bank & Trust Company's ACH Routing Number?

What is Northern Bank & Trust Company's SWIFT code?

Products

Does Northern Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Northern Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northern Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Northern Bank & Trust Company offer student loans?

Will Northern Bank & Trust Company cash a check?

Will Northern Bank & Trust Company redeem a savings bond?

Does Northern Bank & Trust Company cash savings bonds?

Will Northern Bank & Trust Company cash money orders?

Can Northern Bank & Trust Company issue a money order?

Does Northern Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Northern Bank & Trust Company?

How long has Northern Bank & Trust Company been around?

Can Northern Bank & Trust Company transfer to other banks?

Does Northern Bank & Trust Company have quick pay?

Does Northern Bank & Trust Company accept rolled coins?

Will Northern Bank & Trust Company accept loose change?

Where is Northern Bank & Trust Company headquarters?

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