Applications / Mortgage Analytics / Lenders / Massachusetts / Northern Bank & Trust Company
Woburn, MA · State non-member bank · FDIC · $3.2 billion assets · 216 loans in 2025
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216
loans originated, 2025
276
applications, 2025
6
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Northern Bank & Trust Company, a Woburn bank, made about four times as many loans in 2025 as in 2024, and its loans are far bigger than those of most banks its size.
Originations rose 308%, from 53 to 216; the typical similar lender (state non-member banks making between half and twice as many loans) grew 9%. The bank made 1,040 loans in 2020 and only 27 in 2023. In 2024 it also bought 138 loans; in 2025 it bought none.
Its typical loan was $330,000, against $175,000 at similar lenders, higher than at more than nine in ten of them. Jumbo loans (larger than the conforming limit) were 23.5% of its lending, against 1.3%. Purchases made up 39.8% of its loans and home improvement 23.6%.
Its typical rate, 7.75%, was higher than at about nine in ten similar lenders, whose typical rate was 6.88%. Yet only 0.6% of its loans were higher-priced (a rate well above the average for similar loans), against 2.4%. Its home-improvement and other-purpose loans, often priced differently from first mortgages, may be one reason.
It has lent in Boston-Cambridge-Newton since at least 1990 and ranks 70 of 664 lenders there. Low- and moderate-income (LMI) borrowers took 25.9% of its loans, and 18.1% were in LMI neighborhoods. Both shares sit near the middle of similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Northern Bank & Trust Company took 276 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 39.8% · Refinance 26.9% · Home improvement 23.6% · Other 9.7%
Conventional 100.0% · of 216 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Massachusetts | 194 | 89.8% |
| New Hampshire | 18 | 8.3% |
| Florida | 1 | 0.5% |
| Maine | 1 | 0.5% |
| Montana | 1 | 0.5% |
| Vermont | 1 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Cambridge-Newton-Framingham | 155 |
| Boston | 23 |
| Worcester | 8 |
| Manchester-Nashua | 6 |
| Rockingham County-Strafford County | 5 |
| Barnstable Town | 4 |
| Naples-Marco Island | 1 |
| Providence-Warwick | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300EE39SNC5DXTC46 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 900306 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 318266 | 1992–2017 |
Established 25 February 1960. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Northern Bank & Trust Company's data.
Northern Bank & Trust Company's data
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Northern Bank & Trust Company and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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