Northern Bank & Trust Company

275 Mishawum Road
Woburn, MA 01801
(800) 273-6908
www.nbtc.com
 

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Competitive 18-Month CD Special at Northern Bank & Trust Company in MA - Local Only - 1/24/2010

Northern Bank & Trust Company is advertising a 2.00% APY 18-month CD special. Minimum deposit is $500. This special doesn't seem to be listed at the bank's website. It was advertised in the 1/21/ ...


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See Rates for: Checking | Savings | Money Market | CD | IRA

Checking Accounts

ApyMinMaxProduct
0.05%--Northern NOW Account

Savings Accounts

ApyMinMaxProduct
1.00%$100k-Northern Light Savings
1.00%$100k-Northern Business Investment Savings
0.30%--Statement Savings
0.30%--Basic Passbook Savings

Money Market Accounts

ApyMinMaxProduct
1.00%$50k-Safeguard High Yield Money Market Account
0.75%$50k-Money Market
0.75%$50k-Northern Business Money Market

Certificates of Deposit

ApyMinMaxProduct
2.40%$500-60 Month CD - New Money Only
2.10%$500-48 Month CD
1.90%$500-36 Month CD
1.70%$500-30 Month CD
1.55%$500-24 Month CD
1.30%$500-18 Month CD
1.10%$500-12 Month CD
0.85%$500-6 Month CD

IRA Accounts

ApyMinMaxProduct
2.40%$500-60 Month IRA - New Money Only
2.10%$500-48 Month IRA
1.90%$500-36 Month IRA
1.70%$500-30 Month IRA
1.55%$500-24 Month IRA
1.30%$500-18 Month IRA
1.10%$500-12 Month IRA
0.85%$500-6 Month IRA

Institution Statistics


FDIC Certificate #18266
BankRate ReportView
Year Established1960
Employees96
Primary RegulatorFDIC

Assets and Liabilities

Assets$606.45 million
Loans$492.79 million
Deposits$437.62 million
Equity Capital$56.35 million
Loan Loss Allowance$5.96 million
Unbacked Noncurrent Loans$2.90 million
Real Estate Owned$6.82 million

Historic Data - March 2009

Assets$554.94 million
Equity Capital$51.62 million
Loan Loss Allowance$5.96 million
Unbacked Noncurrent Loans$9.92 million
Real Estate Owned$330,000

Profit Margin - Quarterly

Net Interest Margin4.58%
Return on Assets0.99%
Return on Equity10.5%
Interest Income$8.03 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2010 Northern Bank & Trust Company had $9.71 million in non-current loans and owned real-estate with $62.3 million in equity and loan loss allowances on hand to cover it. This gives Northern Bank & Trust Company a Texas Ratio of 15.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Northern Bank & Trust Company decreased slightly from 17.79% as of March 31, 2009 to 15.59% as of March 31, 2010, resulting in a positive change of 12.37%.This indicates that the balance sheet and financial strength for Northern Bank & Trust Company has improved slightly in recent periods.
Deposit Growth5
In the past year, Northern Bank & Trust Company has increased it's total deposits by $45.15 million, resulting in 11.5% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northern Bank & Trust Company has shown is excellent.
Capitalization2
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northern Bank & Trust Company has $606.45 million in assets with $62.3 million in equity, resulting in a capitalization level of 10.27%, which is below average.
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