Northern Bank is headquartered in Woburn and is the 21st largest bank in the state of Massachusetts. It is also the 407th largest bank in the nation. It was established in 1960 and as of December of 2020, it had grown to 216 employees at 14 locations. Northern Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 18266 |
Year Established | 1960 |
Employees | 216 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.75% |
Return on Equity - YTD | 15.29% |
Annual Interest Income | $124.4MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $2.58B$2.23B |
Loans | Q4 2020vs Q4 2019 | $2.16B$1.89B |
Deposits | Q4 2020vs Q4 2019 | $2.24B$1.91B |
Equity Capital | Q4 2020vs Q4 2019 | $306.2MM$262.1MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $37.7MM$26.3MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $14.0MM$4.3MM |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.