Northern Bank & Trust Company

Northern Bank & Trust Company Locations
275 Mishawum Road
Woburn, MA 01801
800.273.6908
www.nbtc.com

FDIC


Northern Bank & Trust Company is headquartered in Woburn and is the 34th largest bank in the state of Massachusetts. It is also the 738th largest bank in the nation. It was established in 1960 and as of March of 2013, it had grown to 134 employees at 11 locations. Northern Bank & Trust Company's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Related Posts

Top 18-Month CD Rate at Northern Bank & Trust Company - Online Application - 6/17/2013

Northern Bank & Trust Company is offering an 18-month CD and IRA CD with a 1.15% APY. Minimum deposit is $500, and the maximum is $500,000. This can be opened online and is available for personal and ...

Northern Bank And Trust 17 Month CD At 1.25% Is Over (Forum) - 3/4/2013

Just an update.  Just off the phone with a CSR, the 17m CD at 1.25% is over

17-Month CD Special at Northern Bank & Trust Company - Online Application - 1/11/2013

Northern Bank & Trust Company is having two deposit specials. The first is a 17-month CD with a 1.25% APY. Minimum deposit is $500, and the maximum is $500,000. This can be opened online and is availa ...

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/ ...



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

Northern Bank & Trust Company Checking Account Rates

ApyMinMaxProduct
0.50%$10k-Northern Premium Checking
0.05%--Northern Plus Checking
0.05%--Non-profit NOW Account

Northern Bank & Trust Company Savings Account Rates

ApyMinMaxProduct
1.00%-$250kBusiness Investment Savings Special
0.35%$100k-Northern Light Savings
0.35%$100k-Northern Business Investment Savings
0.15%--Statement Savings
0.15%--Basic Passbook Savings
0.15%--Non-profit Statement Savings

Northern Bank & Trust Company Money Market Rates

ApyMinMaxProduct
0.35%$50k-Money Market
0.35%$50k-Northern Business Money Market

Northern Bank & Trust Company CD Rates

ApyMinMaxProduct
1.50%$500-60 Month CD
1.25%$500-48 Month CD
1.15%$500-18 Month CD
1.10%$500-36 Month CD
1.00%$500-30 Month CD
0.90%$500-24 Month CD
0.65%$500-12 Month CD
0.40%$500-6 Month CD

Northern Bank & Trust Company IRA Rates

ApyMinMaxProduct
1.50%$500-60 Month IRA
1.50%$500-60 Month Roth IRA
1.50%$500-60 Month CESA
1.50%$500-60 Month SEP IRA
1.25%$500-48 Month IRA
1.25%$500-48 Month Roth IRA
1.25%$500-48 Month CESA
1.25%$500-48 Month SEP IRA
1.15%$500-18 Month IRA
1.15%$500-18 Month Roth IRA
1.15%$500-18 Month CESA
1.15%$500-18 Month SEP IRA
1.10%$500-36 Month IRA
1.10%$500-36 Month Roth IRA
1.10%$500-36 Month CESA
1.10%$500-36 Month SEP IRA
1.00%$500-30 Month IRA
1.00%$500-30 Month Roth IRA
1.00%$500-30 Month CESA
1.00%$500-30 Month SEP IRA
0.90%$500-24 Month IRA
0.90%$500-24 Month Roth IRA
0.90%$500-24 Month CESA
0.90%$500-24 Month SEP IRA
0.65%$500-12 Month IRA
0.65%$500-12 Month Roth IRA
0.65%$500-12 Month CESA
0.65%$500-12 Month SEP IRA
0.40%$500-6 Month IRA
0.40%$500-6 Month Roth IRA
0.40%$500-6 Month CESA
0.40%$500-6 Month SEP IRA

Rates updated: 6/17/2013

Data for Q1 2013


Institution Statistics


Northern Bank & Trust Company
FDIC Certificate #18266
BankRate ReportView
Year Established1960
Employees134
Primary RegulatorFDIC

Assets and Liabilities

Assets$891.13 million
Loans$790.96 million
Deposits$729.60 million
Equity Capital$82.85 million
Loan Loss Allowance$12.94 million
Unbacked Noncurrent Loans$11.83 million
Real Estate Owned$7.50 million

Historic Data - March 2012

Assets$751.24 million
Equity Capital$73.50 million
Loan Loss Allowance$9.58 million
Unbacked Noncurrent Loans$9.98 million
Real Estate Owned$7.95 million

Profit Margin - Quarterly

Net Interest Margin4.51%
Return on Assets1.22%
Return on Equity13.4%
Interest Income$10.85 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
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, 2013 Northern Bank & Trust Company had $19.33 million in non-current loans and owned real-estate with $95.79 million in equity and loan loss allowances on hand to cover it. This gives Northern Bank & Trust Company a Texas Ratio of 20.18% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Northern Bank & Trust Company held steady from 21.58% as of March 31, 2012 to 20.18% as of March 31, 2013, resulting in a positive change of 6.50%.This indicates that the balance sheet and financial strength for Northern Bank & Trust Company has held steady in recent periods.
Deposit Growth5
In the past year, Northern Bank & Trust Company has increased its total deposits by $131.94 million, resulting in 22.08% 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.
Capitalization4
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 $891.13 million in assets with $95.79 million in equity, resulting in a capitalization level of 10.75%, which is above average.
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