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.
Get your money up to 6x faster than the industry standard*
Fixed rate on each draw*
No paperwork needed to apply
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
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
Wazup
October 13, 2022 |
might be a good as a local bank, but not set up as an online bank
Branches
Click on location and enter new zip number to change."
Your current location is: Columbus, OH
Wazup
October 13, 2022 |
might be a good as a local bank, but not set up as an online bank