Northern Bank & Trust Company

275 Mishawum Road
Woburn, MA 01801

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18266
Date Established 1960
Assets $1.94 billion
Loans $1.69 billion
Deposits $1.56 billion
Capital $0.19 billion

Northern Bank & Trust Company is an FDIC insured institution located in Woburn, MA. It was founded in 1960 and has approximately $1.94 billion in assets. Customers can open an account at one of its 14 branches.

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.

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 Real Estate, 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 13.03
Multifamily
Mortgages
0.97
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 4.85
Construction and Development Loans 14.36
Commercial Real Estate 34.90
Commercial and Industrial Loans 36.81
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.30% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.00% $500 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.20% $2,500 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $25 - 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

Loan Rates

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
3.896% 3.875% 0.25 $635 $1,176 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Northern Bank & Trust Company
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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:
Ashburn,Virginia


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
11.89% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Northern Bank & Trust Company had $24,943,000 in non-current loans and $603,000 in owned real estate. To cover these potential losses it had $192,586,000 in equity and $22,190,000 in loans loss reserves. That gives it a Texas Ratio of 11.89%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Northern Bank & Trust Company U.S. Bank Average
14.13% 8.58

Northern Bank & Trust Company has a Return on Equity of 14.13% versus the BestCashCow average of 8.58. 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
9.91% 12.11

Northern Bank & Trust Company has a Capitalization of 9.91% versus the BestCashCow average of 12.11. 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, 2017, Northern Bank & Trust Company had assets of $1,943,988,000, loans of $1,691,552,000, and deposits of $1,559,626,000. 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.

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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