Needham Bank
Needham Bank reported total assets of $7.4 bn at Q2 2026, up 44.7% on a year earlier, the 209th largest of 497 banks in our US coverage. The CET1 capital ratio at Needham Bank was 11.50%, and the uninsured share of Needham Bank was 28.20%. Source: FDIC Call Reports.
Key takeaways
- On common equity tier 1 (CET1) ratio, Needham Bank slipped from 227th to 377th among 448 US banks between and (1 = highest; FDIC Call Reports).
- Since , Needham Bank has taken over one institution; the latest was BankProv on (FDIC Call Reports).
- Over the year to , the total deposits of Needham Bank rose by 47.8% to $6.3 bn, a bigger rise than at 98% of covered banks (FDIC Call Reports).
What sets Needham Bank apart
- Over the year to , the total assets of Needham Bank rose by 44.7% to $7.4 bn, a bigger rise than at 97% of covered banks.
- Over the year to , the net loans and leases of Needham Bank rose by 42.3% to $6.4 bn, a bigger rise than at 95% of covered banks.
How large is Needham Bank?
The balance sheet of Needham Bank at : assets $7.4 bn, deposits $6.3 bn, net loans $6.4 bn (loans equal to 101.26% of deposits). Securities make up 3.7% of total assets at Needham Bank. Since , when Needham Bank held $2.0 bn, its assets grew 274.0%. In the year to , deposits at Needham Bank rose 47.8% while its total assets rose 44.7%. At , Needham Bank employed 579 full-time equivalent staff across 21 offices, about $12.8 mn of assets per employee and $301.0 mn of deposits per office.
How much funding at Needham Bank is uninsured?
At Needham Bank, uninsured deposits (above the FDIC limit) made up 28.20% of domestic deposits at (+0.16 pp on a year earlier); Needham Bank ranks 337th of 500 on this measure. In dollars, Needham Bank estimated $1.8 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $6.3 bn | +47.8% | 199th of 499 |
| Net loans and leases | $6.4 bn | +42.3% | 177th of 500 |
| Loan-to-deposit ratio | 101.26% | -3.90 pp | 49th of 500 |
| Tier 1 leverage ratio | 10.89% | -1.72 pp | 183rd of 500 |
| Total risk-based capital ratio | 12.31% | -1.79 pp | 392nd of 448 |
| Net interest margin | 3.89% | +0.28 pp | 173rd of 500 |
| Return on assets (ROA) | 1.01% | +0.03 pp | 380th of 500 |
| Efficiency ratio | 58.00% | -2.21 pp | 295th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $5.5 mn | Narrowed by $1.8 mn | |
| Noncurrent loans to total loans | 0.43% | +0.15 pp | 160th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.47% | +0.41 pp | 434th of 500 (1 = lowest) |
US rank of Needham Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Needham Bank: assets, deposits and loans
- Total assets $7.4bn
- Deposits $6.3bn
- Net loans $6.4bn
Capital and securities
The CET1 ratio of Needham Bank stood at 11.50% in , -1.67 pp year on year. Low and high at Needham Bank since : 10.54% () to 18.16% (). Equity capital of Needham Bank at : $810.6 mn, or 10.9% of total assets. Needham Bank also reported a total capital ratio of 12.31% for , and a tier 1 leverage ratio of 10.89%.
The available-for-sale portfolio of Needham Bank showed an unrealized loss of $5.5 mn at ; the loss narrowed by $1.8 mn over the year.
Needham Bank: capital ratios
- Total capital 12%
- CET1 12%
- Tier 1 leverage 11%
Needham Bank: unrealized securities gains and losses
- Available for sale -$5mn
- Held to maturity $0
Profitability and loan quality
For the year to , Needham Bank earned a return on equity of 9.14%; return on assets: 1.01%. Net interest margin at Needham Bank: 3.89%, +0.28 pp in a year. Needham Bank net income: $36.3 mn, up 45.5% year on year. The efficiency ratio of Needham Bank was 58.00%: about 58 cents cost per revenue dollar, against 58 cents at the median peer.
At , noncurrent loans were 0.43% of total loans at Needham Bank; net charge-offs: 0.47% of average loans. Gross loans and leases at Needham Bank: $6.5 bn, up 42.8% in a year.
Needham Bank: profitability
- Return on equity 9.1%
- Net interest margin 3.9%
- Return on assets 1.0%
Peer group of Needham Bank
The peer group of Needham Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Needham Bank (state member bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Needham Bank shows CET1 ratio 11.50% against a peer median of 12.05%, return on equity 9.14% against a peer median of 14.11% and uninsured deposit share 28.20% against a peer median of 11.51%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Ridgewood Savings Bank | State-chartered stock savings bank | NY | $7.5 bn | not reported | 5.53% | 10.27% | |
| Northpointe Bank | State nonmember bank | MI | $7.5 bn | 11.10% | 14.05% | 7.12% | |
| Central Pacific Bank | State member bank | HI | $7.5 bn | 13.44% | 14.16% | 42.17% | |
| Needham Bank | State member bank | MA | $7.4 bn | 11.50% | 9.14% | 28.20% | |
| TBK BANK, SSB | State-chartered stock savings bank | TX | $7.4 bn | 11.36% | 4.16% | 26.37% | |
| Comenity Bank | State nonmember bank | DE | $7.4 bn | 15.53% | 36.37% | 1.04% | |
| Pathward | National bank | SD | $7.3 bn | 12.05% | 23.28% | 12.74% | |
. FDIC Call Reports.
Last eight quarters
Two years at Needham Bank, to : assets +53.0%, deposits +56.2%, equity +36.4%. Staff 370 to 579; offices 12 to 21.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.8 bn | $5.0 bn | $5.1 bn | $5.1 bn | $5.4 bn | $6.9 bn | $7.2 bn | $7.4 bn |
| Total deposits | $4.0 bn | $4.2 bn | $4.3 bn | $4.3 bn | $4.6 bn | $5.9 bn | $6.1 bn | $6.3 bn |
| Bank equity capital | $594.1 mn | $606.8 mn | $619.5 mn | $633.7 mn | $651.4 mn | $779.2 mn | $791.1 mn | $810.6 mn |
| CET1 ratio | 13.00% | 13.20% | 12.93% | 13.17% | 13.02% | 11.62% | 11.44% | 11.50% |
| Return on equity (ROE) | 5.23% | 5.82% | 7.17% | 8.04% | 8.41% | 7.53% | 7.33% | 9.14% |
| Uninsured share of domestic deposits | 27.82% | 29.79% | 30.19% | 28.05% | 26.27% | 28.32% | 28.96% | 28.20% |
| Full-time equivalent employees | 370 | 376 | 394 | 394 | 391 | 535 | 541 | 579 |
| Number of offices | 12 | 12 | 12 | 12 | 12 | 19 | 19 | 21 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Needham Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed BankProv (FDIC certificate 90141).
Large one-quarter moves at Needham Bank
- Total assets at Needham Bank changed by +29.3% in the quarter to 2025-12-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from BankProv.
Questions and identifiers
What were the total assets of Needham Bank?
Needham Bank reported $7.4 bn at in its Call Report. That makes Needham Bank the 209th largest of 497 banks in our US coverage.
Is Needham Bank the same as its holding company?
No. This page covers Needham Bank, FDIC certificate 26483; NB BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Needham Bank profitable?
Needham Bank reported net income of $36.3 mn for the year to ; annualized return on equity: 9.14%. So yes: Needham Bank made a profit over these months.
When is data for Needham Bank next updated?
Figures from Needham Bank for are due after .
Where can I check the figures for Needham Bank?
In the FDIC BankFind Suite record for certificate 26483, and in the Call Reports of Needham Bank (RSSD ID 339773) at the FFIEC Central Data Repository.