Northern Bank & Trust Company

For information concerning Northern Bank Direct online bank, please click here.

Northern Bank & Trust Company is an FDIC insured institution headquartered at 275 Mishawum Rd, Woburn, MA 01801.
It was founded in 1960 and has approximately $3 billion in assets. Customers can open an account at one of its 14 branches.

Deposit Rates - April 18, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18266
Date Established 1960
Assets $ 3.11 billion
Loans $ 2.69 billion
Deposits $ 2.55 billion
Capital $ 435.90 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 184.48 million
Interest-bearing balances $ 177.57 million
Total securities $ 85.06 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.69 billion
Loan loss allowance $ 50.67 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.00 million
Goodwill and other intangibles $ 0.63 million
All other assets $ 85.98 million
     Total Assets $ 2.68 billion

LIABILITIES
Total deposits $ 2.55 billion
      Interest-bearing deposits $ 2.00 billion
      Deposits held in domestic offices $ 2.55 billion
      % insured (estimated) 69.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 16.66 million
Subordinated debt N.A.
All other liabilities $ 31.93 millionn
      Total Liabilities $ 2.68 billion
      Shareholders’ Equity $ 435.90 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 196.14 million
Total Interest Expense $ 57.01 million
Net interest income $ 139.13 million
Provision for loan and lease losses $ 2.72 million
Total non interest income $ 9.56 million
Total non interest expense $ 61.29 million
Pre-tax Net Operating Income $ 47.66 million

Customer Reviews for Northern Bank & Trust Company (1)

Rated 1.00 stars out of 5 - based on 1 reviews
  • might be a good as a local bank, but not set up as an online bank


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