Boston Private Bank & Trust Company (merged into Silicon Valley Bank)
Boston Private Bank & Trust Company reported total assets of $10.2 bn at Q2 2021, its last Call Report before it merged into Silicon Valley Bank. The CET1 capital ratio at Boston Private Bank & Trust Company was 11.77%, and the uninsured share of Boston Private Bank & Trust Company was 80.50%. Source: FDIC Call Reports.
What sets Boston Private Bank & Trust Company apart
Nothing in the latest data sets Boston Private Bank & Trust Company apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Boston Private Bank & Trust Company?
The balance sheet of Boston Private Bank & Trust Company at : assets $10.2 bn, deposits $9.1 bn, net loans $7.1 bn (loans equal to 78.07% of deposits). Securities make up 13.7% of total assets at Boston Private Bank & Trust Company. Since , when Boston Private Bank & Trust Company held $7.2 bn, its assets grew 41.4%. In the year to , deposits at Boston Private Bank & Trust Company rose 21.1% while its total assets rose 12.2%. At , Boston Private Bank & Trust Company employed 799 full-time equivalent staff across 20 offices, about $12.8 mn of assets per employee and $452.7 mn of deposits per office.
How much funding at Boston Private Bank & Trust Company is uninsured?
At Boston Private Bank & Trust Company, uninsured deposits (above the FDIC limit) made up 80.50% of domestic deposits at (+4.76 pp on a year earlier). In dollars, Boston Private Bank & Trust Company estimated $7.3 bn of uninsured deposits.
Key facts, Q2 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $9.1 bn | $7.5 bn (Q2 2020) | |
| Net loans and leases | $7.1 bn | $7.3 bn (Q2 2020) | |
| Loan-to-deposit ratio | 78.07% | 97.02% (Q2 2020) | |
| Tier 1 leverage ratio | 7.90% | 8.63% (Q2 2020) | |
| Total risk-based capital ratio | 12.81% | 13.03% (Q2 2020) | |
| Net interest margin | 2.50% | 2.87% (Q2 2020) | |
| Return on assets (ROA) | 0.76% | 0.08% (Q2 2020) | |
| Efficiency ratio | 76.41% | 72.11% (Q2 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $607,000 | Fell by $249,000 | |
| Unrealized gain/loss on available-for-sale securities | Gain of $27.1 mn | Fell by $16.0 mn | |
| Noncurrent loans to total loans | 0.47% | 0.35% (Q2 2020) | |
| Net charge-offs to average loans | 0.17% | 0.05% (Q2 2020) |
US rank of Boston Private Bank & Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Boston Private Bank & Trust Company: assets, deposits and loans
- Total assets $10.2bn
- Deposits $9.1bn
- Net loans $7.1bn
Capital and securities
The CET1 ratio of Boston Private Bank & Trust Company stood at 11.77% in , -0.01 pp year on year. Low and high at Boston Private Bank & Trust Company since : 11.55% () to 12.13% (). Equity capital of Boston Private Bank & Trust Company at : $889.4 mn, or 8.7% of total assets. Boston Private Bank & Trust Company also reported a total capital ratio of 12.81% for , and a tier 1 leverage ratio of 7.90%.
On held-to-maturity securities, Boston Private Bank & Trust Company carried an unrealized gain of $607,000 at , equal to 0.1% of equity capital. The gain fell by $249,000 over the year. Its deepest point: $2.5 mn in . The available-for-sale portfolio of Boston Private Bank & Trust Company showed an unrealized gain of $27.1 mn at ; the gain fell by $16.0 mn over the year.
Boston Private Bank & Trust Company: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 7.9%
Boston Private Bank & Trust Company: unrealized securities gains and losses
- Available for sale $27mn
- Held to maturity $607,000
Profitability and loan quality
For the year to , Boston Private Bank & Trust Company earned a return on equity of 8.83%; return on assets: 0.76%. Net interest margin at Boston Private Bank & Trust Company: 2.50%, -0.37 pp in a year. Boston Private Bank & Trust Company net income: $39.0 mn, up 1,051.0% year on year. The efficiency ratio of Boston Private Bank & Trust Company was 76.41%: about 76 cents cost per revenue dollar, against 61 cents at the median peer.
At , noncurrent loans were 0.47% of total loans at Boston Private Bank & Trust Company; net charge-offs: 0.17% of average loans. Gross loans and leases at Boston Private Bank & Trust Company: $7.1 bn at , against $7.3 bn at .
Boston Private Bank & Trust Company: profitability
- Return on equity 8.8%
- Net interest margin 2.5%
- Return on assets 0.8%
Peer group of Boston Private Bank & Trust Company
The peer group of Boston Private Bank & Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 2 share the charter type of Boston Private Bank & Trust Company (state member bank) and 0 have head offices in Massachusetts. Against them, Boston Private Bank & Trust Company shows CET1 ratio 11.77% against a peer median of 12.91%, return on equity 8.83% against a peer median of 11.87% and uninsured deposit share 80.50% against a peer median of 36.13%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Oriental Bank | State nonmember bank | PR | $10.4 bn | 13.33% | 13.66% | 40.65% | |
| Enterprise Bank & Trust | State member bank | MO | $10.3 bn | 12.25% | 12.22% | 47.30% | |
| Washington Trust Bank | State nonmember bank | WA | $10.3 bn | 12.47% | 11.52% | 60.16% | |
| Boston Private Bank & Trust Company | State member bank | MA | $10.2 bn | 11.77% | 8.83% | 80.50% | |
| Dollar Bank, Federal Savings Bank | Federal savings bank | PA | $10.2 bn | 16.76% | 3.76% | 27.86% | |
| Bell Bank | State nonmember bank | ND | $10.2 bn | 12.50% | 52.01% | 11.70% | |
| Popular Bank | State member bank | NY | $10.2 bn | 16.95% | 7.25% | 31.62% | |
. FDIC Call Reports.
Last eight quarters
Two years at Boston Private Bank & Trust Company, to : assets $8.7 bn to $10.2 bn, deposits $6.7 bn to $9.1 bn, equity $851.4 mn to $889.4 mn. Staff 767 to 799; offices 23 to 20.
| Metric | Q3 2019 | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $8.7 bn | $8.8 bn | $8.7 bn | $9.1 bn | $9.4 bn | $10.0 bn | $10.5 bn | $10.2 bn |
| Total deposits | $6.7 bn | $7.3 bn | $6.9 bn | $7.5 bn | $7.9 bn | $8.7 bn | $9.2 bn | $9.1 bn |
| Bank equity capital | $851.4 mn | $852.2 mn | $872.2 mn | $869.0 mn | $877.1 mn | $884.3 mn | $876.3 mn | $889.4 mn |
| CET1 ratio | 11.91% | 11.97% | 11.88% | 11.78% | 11.79% | 11.79% | 11.71% | 11.77% |
| Return on equity (ROE) | 9.35% | 9.61% | 1.21% | 0.78% | 3.78% | 5.83% | 10.48% | 8.83% |
| Uninsured share of domestic deposits | 74.38% | 76.79% | 74.87% | 75.73% | 77.35% | 79.78% | 81.10% | 80.50% |
| Full-time equivalent employees | 767 | 766 | 777 | 778 | 798 | 798 | 796 | 799 |
| Number of offices | 23 | 23 | 23 | 23 | 23 | 23 | 22 | 20 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Boston Private Bank & Trust Company, oldest first; figures before and after each event are not like for like.
- . Merged into Silicon Valley Bank (FDIC certificate 24735).
Questions and identifiers
What were the total assets of Boston Private Bank & Trust Company?
Boston Private Bank & Trust Company reported $10.2 bn at in its Call Report.
Is Boston Private Bank & Trust Company the same as its holding company?
No. This page covers Boston Private Bank & Trust Company, FDIC certificate 24811; BOSTON PRIVATE FINL HOLDINGS (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Boston Private Bank & Trust Company profitable?
Boston Private Bank & Trust Company reported net income of $39.0 mn for the year to ; annualized return on equity: 8.83%. So yes: Boston Private Bank & Trust Company made a profit over these months.
When is data for Boston Private Bank & Trust Company next updated?
Boston Private Bank & Trust Company no longer files Call Reports; its data ends at .
Where can I check the figures for Boston Private Bank & Trust Company?
In the FDIC BankFind Suite record for certificate 24811, and in the Call Reports of Boston Private Bank & Trust Company (RSSD ID 964700) at the FFIEC Central Data Repository.