Northern Bank is headquartered in Woburn and is the 20th largest bank in the state of Massachusetts. It is also the 383rd largest bank in the nation. It was established in 1960 and as of September of 2020, it had grown to 223 employees at 14 locations. Northern Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 18266 |
Year Established | 1960 |
Employees | 223 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.86% |
Return on Equity - YTD | 16.46% |
Annual Interest Income | $91.2MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $2.68B$2.15B |
Loans | Q3 2020vs Q3 2019 | $2.18B$1.89B |
Deposits | Q3 2020vs Q3 2019 | $2.15B$1.80B |
Equity Capital | Q3 2020vs Q3 2019 | $297.7MM$255.3MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $32.0MM$25.3MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $4.3MM$11.1MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$192.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $2.5k* | - | Money Market Investment | ||
OTHER TIERS: 0.05% → Up to $2.5k | |||||
0.10%* | $2.5k* | - | Northern Business Money Market | ||
OTHER TIERS: 0.05% → Up to $2.5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.10%* | $5k* | - | Northern Premium Checking | ||
OTHER TIERS: 0.05% → $2.5k - $5k | |||||
0.05% | - | - | Northern Plus Checking | ||
0.05% | - | - | Non-profit Interest Checking |