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275 Mishawum Road
Woburn, MA 01801

Northern Bank & Trust Company is headquartered in Woburn and is the 29th largest bank in the state of Massachusetts. It is also the 590th largest bank in the nation. It was established in 1960 and as of March of 2014, it had grown to 141 employees at 11 locations. Northern Bank & Trust Company has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northern Bank & Trust Company had $5.05 million in non-current loans and owned real-estate with $114.51 million in equity and loan loss allowances on hand to cover it. This gives Northern Bank & Trust Company a Texas Ratio of 4.41% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Northern Bank & Trust Company decreased dramatically from 20.18% as of March 31, 2013 to 4.41% as of March 31, 2014, resulting in a positive change of 78.15%.This indicates that the balance sheet and financial strength for Northern Bank & Trust Company has improved dramatically in recent periods.

Deposit Growth


In the past year, Northern Bank & Trust Company has increased its total deposits by $233.96 million, resulting in 32.07% 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.



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 $1.14 billion in assets with $114.51 million in equity, resulting in a capitalization level of 10.05%, which is above average.

Institution Statistics

FDIC Certificate #18266
Year Established1960
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.14 billion
Loans$942.80 million
Deposits$963.56 million
Equity Capital$97.94 million
Loan Loss Allowance$16.57 million
Unbacked Noncurrent Loans$5.05 million
Real Estate Owned$0
Historic Data - March 2013
Assets$891.13 million
Equity Capital$82.85 million
Loan Loss Allowance$12.94 million
Unbacked Noncurrent Loans$5.05 million
Real Estate Owned$7.50 million
Profit Margin - Quarterly
Net Interest Margin4.21%
Return on Assets1.11%
Return on Equity12.78%
Interest Income$12.98 million

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Northern Bank & Trust Company Savings Account Rates

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

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

Northern Bank & Trust Company Checking Account Rates

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

Northern Bank & Trust Company CD Rates

1.85%$500-60 Month CD
1.50%$500-48 Month CD
1.40%$500-36 Month CD
0.90%$500-30 Month CD
0.85%$500-24 Month CD
0.65%$500-18 Month CD
0.60%$500-12 Month CD
0.30%$500-6 Month CD

Northern Bank & Trust Company IRA Rates

1.85%$500-60 Month IRA
1.50%$500-48 Month IRA
1.40%$500-36 Month IRA
0.90%$500-30 Month IRA
0.85%$500-24 Month IRA
0.65%$500-18 Month IRA
0.60%$500-12 Month IRA
0.30%$500-6 Month IRA

Northern Bank & Trust Company has 11 locations. Click to view all Northern Bank & Trust Company locations.