Major Rating Factors:
A current level of 21.9 percent of nonperforming loans to core capital combined with 7.8 percent from a year earlier contributes to the Fair asset quality (3.2). Operating profits as a percentage of assets at 2.1%, coupled with a return on assets of 1.6 has resulted in Excellent (8.2) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 16.5 and a capital leverage ratio of 14.4. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (10.0 on a scale of 0 to 10).
Asset Mix:
Comm loans (39%), comm re (23%), home mtgs (9%), securities (4%), cash (4%), home eq lns (2%), other (19%)
States with Branches:
MA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Northern Bancorp, Inc.
Investment Rating
--
Address
275 Mishawum Road
Woburn, MA 01801
Woburn, MA 01801
Phone Number
(781) 937-5400
Year Founded
1960
FDIC Number
Website
Largest Affiliates
No affiliate information available.