Banks | Northern Bank & Trust Company

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 - January 22, 2025

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18266
Date Established 1960
Assets $ 3.20 billion
Loans $ 2.77 billion
Deposits $ 2.62 billion
Capital $ 453.11 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 101.59 million
Interest-bearing balances $ 96.91 million
Total securities $ 144.36 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.77 billion
Loan loss allowance $ 53.24 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 18.14 million
Goodwill and other intangibles $ 0.47 million
All other assets $ 85.98 million
     Total Assets $ 2.74 billion

LIABILITIES
Total deposits $ 2.62 billion
      Interest-bearing deposits $ 2.12 billion
      Deposits held in domestic offices $ 2.62 billion
      % insured (estimated) 71.65%
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 $ 2.74 billion
      Shareholders’ Equity $ 453.11 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 170.08 million
Total Interest Expense $ 65.49 million
Net interest income $ 104.59 million
Provision for loan and lease losses $ 7.61 million
Total non interest income $ 4.75 million
Total non interest expense $ 49.11 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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