Northern Bank & Trust Company
Northern Bank & Trust Company reported total assets of $3.4 bn at Q2 2026, up 5.0% on a year earlier, the 374th largest of 497 banks in our US coverage. The CET1 capital ratio at Northern Bank & Trust Company was 15.30%, and the uninsured share of Northern Bank & Trust Company was 33.00%. Source: FDIC Call Reports.
Key takeaways
- On efficiency ratio, Northern Bank & Trust Company slipped from 41st to 104th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Northern Bank & Trust Company has one of the highest tier 1 leverage ratio readings among banks of $1 bn to $10 bn: 14.55% at , against a median of 10.45% across 339 banks (FDIC Call Reports).
- At 5.02%, the net interest margin of Northern Bank & Trust Company sits in the top tenth of its size group ($1 bn to $10 bn, 339 banks), where the median is 3.66% (FDIC Call Reports).
What sets Northern Bank & Trust Company apart
- Few banks of $1 bn to $10 bn report a higher noncurrent loans to total loans than Northern Bank & Trust Company, at 2.07% in against a group median of 0.58%.
How large is Northern Bank & Trust Company?
The balance sheet of Northern Bank & Trust Company at : assets $3.4 bn, deposits $2.8 bn, net loans $2.8 bn (loans equal to 100.66% of deposits). Securities make up 4.8% of total assets at Northern Bank & Trust Company. Since , when Northern Bank & Trust Company held $1.5 bn, its assets grew 131.6%. In the year to , deposits at Northern Bank & Trust Company rose 5.8% while its total assets rose 5.0%. At , Northern Bank & Trust Company employed 260 full-time equivalent staff across 14 offices, about $13.0 mn of assets per employee and $201.6 mn of deposits per office.
How much funding at Northern Bank & Trust Company is uninsured?
At Northern Bank & Trust Company, uninsured deposits (above the FDIC limit) made up 33.00% of domestic deposits at (+3.27 pp on a year earlier); Northern Bank & Trust Company ranks 272nd of 500 on this measure. In dollars, Northern Bank & Trust Company estimated $931.5 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.8 bn | +5.8% | 380th of 499 |
| Net loans and leases | $2.8 bn | +3.9% | 327th of 500 |
| Loan-to-deposit ratio | 100.66% | -1.75 pp | 51st of 500 |
| Tier 1 leverage ratio | 14.55% | -0.68 pp | 28th of 500 |
| Total risk-based capital ratio | 16.56% | -0.72 pp | 105th of 448 |
| Net interest margin | 5.02% | -0.18 pp | 40th of 500 |
| Return on assets (ROA) | 1.90% | +0.10 pp | 64th of 500 |
| Efficiency ratio | 47.08% | +9.98 pp | 104th of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $2.9 mn | Narrowed by $333,000 | |
| Noncurrent loans to total loans | 2.07% | -0.43 pp | 461st of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.07% | -0.01 pp | 229th of 500 (1 = lowest) |
US rank of Northern Bank & Trust Company: 1 = highest unless marked 1 = lowest.
Balance sheet
Northern Bank & Trust Company: assets, deposits and loans
- Total assets $3.4bn
- Deposits $2.8bn
- Net loans $2.8bn
Capital and securities
The CET1 ratio of Northern Bank & Trust Company stood at 15.30% in , -0.72 pp year on year. Low and high at Northern Bank & Trust Company since : 10.40% () to 16.02% (). Equity capital of Northern Bank & Trust Company at : $478.3 mn, or 14.1% of total assets. Northern Bank & Trust Company also reported a total capital ratio of 16.56% for , and a tier 1 leverage ratio of 14.55%.
The available-for-sale portfolio of Northern Bank & Trust Company showed an unrealized loss of $2.9 mn at ; the loss narrowed by $333,000 over the year.
Northern Bank & Trust Company: capital ratios
- Total capital 17%
- CET1 15%
- Tier 1 leverage 15%
Northern Bank & Trust Company: unrealized securities gains and losses
- Available for sale -$3mn
- Held to maturity $0
Profitability and loan quality
For the year to , Northern Bank & Trust Company earned a return on equity of 13.22%; return on assets: 1.90%. Net interest margin at Northern Bank & Trust Company: 5.02%, -0.18 pp in a year. Northern Bank & Trust Company net income: $31.0 mn, up 8.3% year on year. The efficiency ratio of Northern Bank & Trust Company was 47.08%: about 47 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 2.07% of total loans at Northern Bank & Trust Company; net charge-offs: 0.07% of average loans. Gross loans and leases at Northern Bank & Trust Company: $2.9 bn, up 3.8% in a year.
Northern Bank & Trust Company: profitability
- Return on equity 13%
- Net interest margin 5.0%
- Return on assets 1.9%
Peer group of Northern Bank & Trust Company
The peer group of Northern Bank & Trust Company is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 4 share the charter type of Northern Bank & Trust Company (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Massachusetts. Against them, Northern Bank & Trust Company shows CET1 ratio 15.30% against a peer median of 11.97%, return on equity 13.22% against a peer median of 15.27% and uninsured deposit share 33.00% against a peer median of 29.02%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Carolina Bank | State nonmember bank | NC | $3.4 bn | 12.88% | 6.19% | 17.72% | |
| Northrim Bank | State nonmember bank | AK | $3.4 bn | 12.38% | 17.64% | 38.94% | |
| First Dakota National Bank | National bank | SD | $3.4 bn | not reported | 17.36% | 32.75% | |
| Northern Bank & Trust Company | State nonmember bank | MA | $3.4 bn | 15.30% | 13.22% | 33.00% | |
| Banterra Bank | State nonmember bank | IL | $3.4 bn | 9.85% | 13.79% | 19.06% | |
| Lake Ridge Bank | State nonmember bank | WI | $3.4 bn | 11.97% | 10.11% | 29.38% | |
| Libertyville Bank & Trust Company | National bank | IL | $3.3 bn | 10.88% | 16.75% | 28.67% | |
. FDIC Call Reports.
Last eight quarters
Two years at Northern Bank & Trust Company, to : assets +5.9%, deposits +7.5%, equity +5.6%. Staff 259 to 260.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3.2 bn | $3.2 bn | $3.1 bn | $3.2 bn | $3.2 bn | $3.2 bn | $3.3 bn | $3.4 bn |
| Total deposits | $2.6 bn | $2.7 bn | $2.6 bn | $2.7 bn | $2.7 bn | $2.6 bn | $2.7 bn | $2.8 bn |
| Bank equity capital | $453.1 mn | $458.3 mn | $464.5 mn | $473.3 mn | $476.0 mn | $461.9 mn | $468.8 mn | $478.3 mn |
| CET1 ratio | 15.08% | 15.20% | 15.92% | 16.02% | 15.79% | 15.37% | 15.15% | 15.30% |
| Return on equity (ROE) | 11.57% | 11.21% | 11.20% | 12.32% | 11.97% | 11.23% | 12.30% | 13.22% |
| Uninsured share of domestic deposits | 28.40% | 29.60% | 30.69% | 29.73% | 31.12% | 30.17% | 35.89% | 33.00% |
| Full-time equivalent employees | 259 | 258 | 256 | 261 | 254 | 257 | 255 | 260 |
| Number of offices | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
FDIC Call Reports.
Mergers and acquisitions
No merger or acquisition by Northern Bank & Trust Company appears in the FDIC history since , and its total assets never moved more than 25% in one quarter.
Questions and identifiers
What were the total assets of Northern Bank & Trust Company?
Northern Bank & Trust Company reported $3.4 bn at in its Call Report. That makes Northern Bank & Trust Company the 374th largest of 497 banks in our US coverage.
Is Northern Bank & Trust Company the same as its holding company?
No. This page covers Northern Bank & Trust Company, FDIC certificate 18266; NORTHERN BCORP INC (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Northern Bank & Trust Company profitable?
Northern Bank & Trust Company reported net income of $31.0 mn for the year to ; annualized return on equity: 13.22%. So yes: Northern Bank & Trust Company made a profit over these months.
When is data for Northern Bank & Trust Company next updated?
Figures from Northern Bank & Trust Company for are due after .
Where can I check the figures for Northern Bank & Trust Company?
In the FDIC BankFind Suite record for certificate 18266, and in the Call Reports of Northern Bank & Trust Company (RSSD ID 900306) at the FFIEC Central Data Repository.