Needham Bank
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Data as of · sourced from FFIEC call reports. How we update
Needham Bank is an FDIC-insured commercial bank headquartered in Needham, MA, established in 1892 (FDIC certificate 26483), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $7.42B, up 44.7% from Q2 2025, the 6th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 11.50% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 26483
- Headquarters
- Needham, MA
- Established
- 1892
- Total assets, Q2 2026
- $7.42B
- Assets vs Q2 2025
- +44.7%
- CET1 ratio, Q2 2026
- 11.50%
- Domestic offices
- 21 FDIC institution directory, current count
- Routing number
- 211373539
- Holding company
- NB BANCORP, INC.
- Asset rank in state
- 6th of 89 in Massachusetts
Needham Bank pays more for its money than most banks of its size. The Needham, Massachusetts bank had $7.4 billion in assets at June 30, 2026, up 44.7% from a year earlier. It pays an average of 2.92% on its deposits and borrowings, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 2.01%). It also grew its loan book 42.8% over the year, 7.2 times the median of 5.9% for banks its size.
Earnings jumped: net income for the quarter was $22 million, 57% above the same quarter a year earlier. Over the same year, loans grew 42.8% and deposits grew 47.8%. Where it has less room is capital: it holds common equity equal to 11.50% of its risk-weighted assets, lower than about three-quarters of banks its size (median 13.52%).
As of June 30, 2026, Needham Bank reported a CET1 capital ratio of 11.50%, a return on assets of 1.21%, a nonperforming-loan ratio of 0.43% and a Texas ratio of 3.23%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Needham Bank is the 6th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 3.4% to $7.42B, loans rose 3.3% and deposits rose 3.6%. 1-4 family residential loans made up 21.5% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 20.1%. Its 21 offices in the FDIC Summary of Deposits are in 19 cities across 2 states; its Needham 2 offices book 52% of its branch deposits. On its Q2 2026 call report, Needham Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 1063 Great Plain Ave, Needham, MA 02492
- County
- Norfolk
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 1, 1892
- Domestic offices
- 21 FDIC institution directory, current count
- Employees (FTE)
- 579
- Domestic deposits
- $6.32B
- Allowance for credit losses
- $82.1M
- Net charge-offs (YTD)
- $14.7M
- Average total assets
- $7.21B
- Average total loans
- $6.31B
- Average interest-bearing deposits
- $4.86B
- Tax status
- C corporation
- Ownership
- Mutual
- Community bank
- Yes
- FDIC-insured since
- January 13, 1986
- FDIC Cert
- 26483
- Fed RSSD
- 339773
- SEC CIK
- 1979330 → filed by NB BANCORP, INC.
- Website
- www.needhambank.com →
- Parent Holding Company
- NB BANCORP, INC. (RSSD 5860236) · NBBK
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Joseph P Campanelli | CEO | President & CEO |
| Jean-Pierre Lapointe | CFO | SEVP and CFO |
| Christine Roberts | COO | SEVP and COO |
| Kevin Henkin | CCO | EVP, Chief Credit Officer |
| Peter Bakkala | CRO | EVP and Chief Risk Officer |
| Margaret Watson | GC | SVP, General Counsel |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Needham Bank's total assets ran between $4.23B (Q3 2023) and $7.42B (Q2 2026), and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$7.42B total assets against $5.13B; $6.61B total liabilities against $4.49B.
$6.40B net loans and leases against $4.50B; $6.32B total deposits against $4.28B.
$272.6M securities against $235.4M; $381.9M cash and balances due against $169.6M.
$111.5M total interest income against $78.7M; $43.6M total interest expense against $33.6M.
$67.9M net interest income against $45.1M.
$5.6M total noninterest income against $4.2M; $41.8M total noninterest expense against $28.3M.
$3.2M provision for credit losses against $3.2M.
$21.9M net income against $13.9M.
1.21% return on assets against 1.10%; 3.96% net interest margin against 3.71%.
11.50% CET1 capital ratio against 13.17%; 10.89% tier 1 leverage ratio against 12.61%.
Inside the full Needham Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Needham Bank rankings
Its closest position to the top of a national ranking is 207 of 4,196, for total assets; its furthest is 1,846 of 2,134, for CET1 ratio.
Banks merged into Needham Bank
- BankProv, effective November 15, 2025
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.58% (Q4 2025) to 1.21% (Q2 2026) and its net interest margin ran from 3.16% (Q4 2024) to 3.96% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.50% | 1.21% | 0.43% | 3.23% | 3.96% |
| Q1 2026 | 11.44% | 0.83% | 0.91% | 6.85% | 3.81% |
| Q4 2025 | 11.62% | 0.58% | 0.72% | 5.23% | 3.90% |
| Q3 2025 | 13.02% | 1.13% | 0.24% | 1.64% | 3.71% |
| Q2 2025 | 13.17% | 1.10% | 0.27% | 1.85% | 3.71% |
| Q1 2025 | 12.93% | 0.88% | 0.25% | 1.73% | 3.44% |
| Q4 2024 | 13.20% | 0.93% | 0.32% | 2.15% | 3.16% |
| Q3 2024 | 13.00% | 0.62% | 0.38% | 2.54% | 3.45% |
Swipe the table sideways to see every column.
Branch Network
View all 21 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Online Branch | Needham , MA | 02492 | $1.76B |
| Needham Bank (main office) | Needham , MA | 02492 | $1.54B |
| Medford Branch | Medford , MA | 02155 | $498.4M |
| Westwood Branch | Westwood , MA | 02090 | $364.1M |
| Wellesley Branch | Wellesley , MA | 02482 | $358.9M |
| Deham Branch | Dedham , MA | 02026 | $298.6M |
| Medfield Branch | Medfield , MA | 02052 | $245.6M |
| Natick Branch | Natick , MA | 01760 | $191.5M |
| Ashland Branch | Ashland , MA | 01721 | $183.8M |
| Millis Branch | Millis , MA | 02054 | $177.0M |
| Haverhill Road Branch | Amesbury , MA | 01913 | $118.5M |
| Storey Avenue Branch | Newburyport , MA | 01950 | $107.5M |
| Seabrook Branch Office | Seabrook , NH | 03874 | $94.9M |
| Exeter Branch | Exeter , NH | 03833 | $91.1M |
| Bedford Branch | Bedford , NH | 03110 | $83.6M |
| Dover Branch | Dover , MA | 02030 | $74.6M |
| Bankprov Branch | Amesbury , MA | 01913 | $52.0M |
| Portsmouth Nh Branch | Portsmouth , NH | 03801 | $39.0M |
| Tremont Street Branch | Mission Hill , MA | 02120 | $38.4M |
| Allston Branch | Boston , MA | 02135 | $2.6M |
| Salem, Nh Branch | Salem , NH | 03079 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| November 15, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| November 15, 2025 | Structure Change | Acquired BankProv Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 31, 2007 | Structure Change | Acquired Dedham Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 30, 2007 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.9% of deposits in MA, rank 11 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 914 applications, 562 loans originated, $465.3M originated, across 9 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 7 loans, $1.6M approved, $223K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Needham Bank
What are Needham Bank's total assets?
As of the Q2 2026 filing, Needham Bank reported total assets of $7.42 billion in its FFIEC call report.
Where is Needham Bank headquartered?
It is headquartered in Needham, MA, United States.
When was Needham Bank founded?
It was established in 1892, per the FDIC institution directory.
Is Needham Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #26483). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Needham Bank?
Needham Bank's primary federal regulator is the Federal Reserve.
What is Needham Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.50% in its Q2 2026 call report, above regulatory requirements.
How many branches does Needham Bank operate?
It operates 21 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Needham Bank's Texas Ratio?
Its Texas Ratio is 3.23% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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