Northern Bank & Trust Company in Woburn, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northern Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 18266
    Status: Active
    Federal Reserve ID: 900306
    Bank Holding Company (Regulatory Top Holder): Northern Bancorp, Inc. (RSSDID: 1246935, Location: Woburn, MA)
    Date Established: Febuary 25, 1960
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 13346
    FDIC's unique #: 12182
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 23, 1960
    Last Structure Change Effective Date: Febuary 07, 2012
    Last Structure Change Process Date: Febuary 08, 2012
    Last Data Update: Febuary 08, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 275 Mishawum Road, Woburn, MA 1801
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • Financial Summary
  • Total assets: $734.7 mil
    Equity capital: $71.5 mil
    Deposits held in domestic offices: $586.1 mil
    Return on assets (ROA): 1.44% ($10.6 mil)
    Quarterly return on assets: 2.21% ($16.2 mil)
    Return on Equity (ROE): 15.23% ($11.0 mil)
    Quarterly return on equity: 22.81% ($16.4 mil)
    Net income: $10.0 mil
    Quarterly Net income: $4.0 mil
    Pretax return on assets: 2.14% ($15,723.5 mil)
    Quarterly Pretax return on assets: 3.07% ($22,556.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 106Total employees (full-time equivalent)
  • $734,743Total assets
  • $38,625Cash and due from depository institutions
  • $36,731Interest-bearing balances
  • $28,043Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $607,070Net loans & leases
  • $8,828Loan loss allowance
  • $0Trading account assets
  • $24,076Bank premises and fixed assets
  • $7,500Other real estate owned
  • $0Goodwill and other intangibles
  • $734,743Life insurance assets
  • $29,429All other assets
  • $663,200Total liabilities and capital
  • $586,059Total liabilities
  • $481,590Total deposits
  • $586,059Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 4620.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $63,000Trading liabilities
  • $0Other borrowed funds
  • $9,521Subordinated debt
  • $71,543All other liabilities
  • $71,543Total equity capital
  • $71,543Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $6,995Surplus
  • $63,948Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $561Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,912Income earned, not collected on loans
  • $0Earning assets
  • $2,419Long-term assets (5+ years)
  • $671,844Average Assets, year-to-date
  • $143,181Average Assets, quarterly
  • $697,402Volatile liabilities
  • $717,253Insider loans
  • $657,249FHLB advances
  • $716,374Loans and leases held for sale
  • $6,149Unused loan commitments
  • $2,099Tier 1 (core) risk-based capital
  • $71,505Tier 2 risk-based capital
  • $4,050Total risk weighted assets
  • $0Total unused commitments
  • $106,803Restructured Loans and leases
  • $549Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,224Total interest income
  • $7,863Total interest expense
  • $29,361Net interest income
  • $2,956Provision for loan and lease losses
  • $3,962Total noninterest income
  • $0Fiduciary activities
  • $1,023Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,939Additional noninterest income
  • $15,459Total noninterest expense
  • $8,489Salaries and employee benefits
  • $2,355Premises and equipment expense
  • $4,615Additional noninterest expense
  • $14,908Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,885Applicable income taxes
  • $10,023Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,023Net income attributable to bank
  • $0Net charge-offs
  • $10,023Cash dividends
  • $2,609Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.84%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.61%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.44%Return on assets (ROA)
  • 2.14%Pretax return on assets
  • 15.23%Return on equity (ROE)
  • 15.04%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 113.30%Credit loss provision to net charge-offs
  • 6.85%Efficiency ratio
  • 46,391Assets per employee
  • 6.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.20%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 89.06%Noncurrent assets plus other real estate owned to assets
  • 2.37%Noncurrent loans to loans
  • 1.61%Net loans and leases to deposits
  • 103.59%Net loans and leases to core deposits
  • 119.44%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 9.98%Tier 1 risk-based capital ratio
  • 10.88%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $697,402Average earning assets
  • $65,827Average equity
  • $636,977Average loans

List of branches

  • 11 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012182Northern Bank & Trust Company275 Mishawum Road, Woburn, MA 1801Febuary 25, 1960Full Service Brick and Mortar
    1244641Billerica Branch482 Boston Road, Billerica, MA 1821December 06, 1976Full Service Brick and Mortar
    3244643Westford Branch45 Main Street, Westford, MA 1886July 01, 1987Full Service Brick and Mortar
    4244644Melrose Branch514-516 Franklin Street, Melrose, MA 2176October 19, 1987Full Service Brick and Mortar
    5275081Burlington Branch13 Center Street, Burlington, MA 1803January 01, 1892Full Service Brick and Mortar
    6275082Littleton Branch265 Great Road, Littleton, MA 1460January 01, 1892Full Service Brick and Mortar
    8275087Acton Branch414 Massachusetts Avenue, Acton, MA 1720January 01, 1892Full Service Brick and Mortar
    9275090Chelmsford Branch14 Littleton Road, Chelmsford, MA 1824January 01, 1892Full Service Brick and Mortar
    10244645Woburn Branch303 Main Street, Woburn, MA 1801October 13, 1992Full Service Brick and Mortar
    11244646Elm Street Branch89 Elm Street, Woburn, MA 1801April 18, 1995Full Service Brick and Mortar
    12493880West Woburn Branch215 Lexington Street, Woburn, MA 1801July 27, 2009Full Service Brick and Mortar

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