Northern Bank & Trust Company
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Data as of · sourced from FFIEC call reports. How we update
Northern Bank & Trust Company is an FDIC-insured commercial bank headquartered in Woburn, MA, established in 1960 (FDIC certificate 18266), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.38B, up 5.0% from Q2 2025, the 14th largest of 89 banks headquartered in Massachusetts. Its CET1 capital ratio was 15.30% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 18266
- Headquarters
- Woburn, MA
- Established
- 1960
- Total assets, Q2 2026
- $3.38B
- Assets vs Q2 2025
- +5.0%
- CET1 ratio, Q2 2026
- 15.30%
- Domestic offices
- 14 FDIC institution directory, current count
- Routing number
- 011303097
- Latest call report
- Q2 2026, FFIEC 051 · Northern Bank & Trust Company call report
- Holding company
- NORTHERN BANCORP, INC.
- Asset rank in state
- 14th of 89 in Massachusetts
Northern Bank & Trust Company earns an unusually wide margin on its lending. Its balance sheet stood at $3.4 billion at June 30, 2026, up 5.0% from a year earlier; it is based in Woburn, Massachusetts. It keeps 4.92 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also funds 14.55% of its assets with Tier 1 capital, higher than about 9 in 10 banks its size (median 10.52%).
Its $473 million non-owner-occupied commercial real estate book is now fully current, after 5.51% of it was past due or on nonaccrual a year earlier. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 2.07% of loans, down from 2.50% a year earlier. Credit is the area to watch: it carries problem assets equal to 12.3% of the capital and reserves that would absorb them, 3.4 times the median of 3.6% for banks its size.
As of June 30, 2026, Northern Bank & Trust Company reported a CET1 capital ratio of 15.30%, a return on assets of 2.03%, a nonperforming-loan ratio of 2.07% and a Texas ratio of 12.29%. The figures come from its call report filed with the FFIEC.
Of the 89 banks headquartered in Massachusetts, Northern Bank & Trust Company is the 14th largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 3.6% to $3.38B, loans were flat and deposits rose 3.7%. Commercial and industrial loans made up 44.2% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 16.3%. Its 14 offices in the FDIC Summary of Deposits are in 11 cities in MA; its Woburn 4 offices book 75% of its branch deposits. By the capital ratios in its Q2 2026 call report, Northern Bank & Trust Company meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 275 Mishawum Rd, Woburn, MA 01801
- County
- Middlesex
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- Limited trust powers granted
- Call Report form
- FFIEC 051
- Established
- February 25, 1960
- Former names
- Woburn Bank and Trust Company (1976-1987)
- Domestic offices
- 14 FDIC institution directory, current count
- Employees (FTE)
- 260
- Domestic deposits
- $2.82B
- Allowance for credit losses
- $64.0M
- Net charge-offs (YTD)
- $1.1M
- Average total assets
- $3.29B
- Average total loans
- $2.94B
- Average interest-bearing deposits
- $2.24B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- June 23, 1960
- FDIC Cert
- 18266
- Fed RSSD
- 900306
- SEC CIK
- 814237 → filed by NORTHERN BANCORP, INC.
- Website
- www.nbtc.com →
- Parent Holding Company
- NORTHERN BANCORP, INC. (RSSD 1246935)
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, Northern Bank & Trust Company's total assets ran between $2.94B (Q3 2023) and $3.38B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.38B total assets against $3.22B; $2.91B total liabilities against $2.75B.
$2.84B net loans and leases against $2.73B; $2.82B total deposits against $2.67B.
$162.4M securities against $154.8M; $181.9M cash and balances due against $172.8M.
$56.6M total interest income against $55.2M; $17.5M total interest expense against $18.9M.
$39.1M net interest income against $36.3M.
$1.8M total noninterest income against $1.4M; $18.4M total noninterest expense against $15.6M.
-$211K provision for credit losses against $822K.
$16.7M net income against $15.8M.
2.03% return on assets against 2.02%; 4.92% net interest margin against 4.81%.
15.30% CET1 capital ratio against 16.02%; 14.55% tier 1 leverage ratio against 15.23%.
Inside the full Northern Bank & Trust Company 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.
Northern Bank & Trust Company rankings
Its closest position to the top of a national ranking is 373 of 4,196, for total assets; its furthest is 460 of 980, for uninsured deposits.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.32% (Q4 2025) to 2.03% (Q2 2026) and its net interest margin ran from 4.29% (Q4 2024) to 5.56% (Q1 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 15.30% | 2.03% | 2.07% | 12.29% | 4.92% |
| Q1 2026 | 15.15% | 1.79% | 2.09% | 12.62% | 4.94% |
| Q4 2025 | 15.37% | 1.32% | 3.07% | 17.53% | 5.11% |
| Q3 2025 | 15.79% | 1.66% | 3.19% | 17.67% | 4.87% |
| Q2 2025 | 16.02% | 2.02% | 2.50% | 12.98% | 4.81% |
| Q1 2025 | 15.92% | 1.64% | 2.43% | 13.70% | 5.56% |
| Q4 2024 | 15.20% | 1.44% | 2.20% | 14.77% | 4.29% |
| Q3 2024 | 15.08% | 1.36% | 1.26% | 10.61% | 4.62% |
Swipe the table sideways to see every column.
Branch Network
View all 14 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 |
|---|---|---|---|
| Northern Bank & Trust Company (main office) | Woburn , MA | 01801 | $1.80B |
| Woburn Branch | Woburn , MA | 01801 | $165.5M |
| Www.Northernbankdirect.Com Branch | Woburn , MA | 01801 | $161.8M |
| Billerica Branch | Billerica , MA | 01821 | $102.9M |
| Burlington Branch | Burlington , MA | 01803 | $95.5M |
| Chelmsford Branch | Chelmsford , MA | 01824 | $88.8M |
| Stoneham Branch | Stoneham , MA | 02180 | $84.1M |
| Reading Branch | Reading , MA | 01867 | $66.1M |
| Littleton Branch | Littleton , MA | 01460 | $65.5M |
| Westford Branch | Westford , MA | 01886 | $54.3M |
| Melrose Branch | Melrose , MA | 02176 | $50.6M |
| Sudbury Branch | Sudbury , MA | 01776 | $46.8M |
| Acton Branch | Acton , MA | 01720 | $41.9M |
| Www.Nbtc.Com Branch | Woburn , MA | 01801 | $4.0M |
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 |
|---|---|---|---|
| September 14, 1991 | Structure Change | Acquired Comfed Savings Bank Federal Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 1 event.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (Federal Reserve); 2 against individuals associated with it
- February 15, 1996, Federal Reserve: Written Agreement: Northern Bancorp, Inc., Woburn, MA
- Period: Most recent institution action February 15, 1996. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in MA, rank 19 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 276 applications, 216 loans originated, $172.2M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 5 loans, $7.9M approved, $1.6M 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
- 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 Northern Bank & Trust Company
What are Northern Bank & Trust Company's total assets?
As of the Q2 2026 filing, Northern Bank & Trust Company reported total assets of $3.38 billion in its FFIEC call report.
Where is Northern Bank & Trust Company headquartered?
It is headquartered in Woburn, MA, United States.
When was Northern Bank & Trust Company founded?
It was established in 1960, per the FDIC institution directory.
Is Northern Bank & Trust Company FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #18266). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northern Bank & Trust Company?
Northern Bank & Trust Company's primary federal regulator is the FDIC.
What is Northern Bank & Trust Company's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 15.30% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Northern Bank & Trust Company operate?
It operates 14 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northern Bank & Trust Company's Texas Ratio?
Its Texas Ratio is 12.29% 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.
What was Northern Bank & Trust Company previously called?
The charter now named Northern Bank & Trust Company has also operated as Woburn Bank and Trust Company (1976-1987), per FDIC structure-change records.
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