Boston Private Bank & Trust Company Mortgage Rates, Fees & Info

Boston, MA

LEI: OLO8RKM2RJ2ICV6SJH34

Tax ID: 04-2942314

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Boston Private Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Boston Private Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Los Angeles, San Francisco, Barnstable Town, and San Jose among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Boston Private Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Boston Private Bank & Trust Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    897

    Origination Dollar Volume (All Markets)

    $823,105,000

    Employee count

    705 Show all (8) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 414 $343,080,000 $828,696 $4,070 3.88%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 205 $207,605,000 $1,012,707 $6,197 3.95%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 111 $120,925,000 $1,089,414 $4,640 4.05%
    Outside of Metro Areas 12 $28,560,000 $2,380,000 $9,146 3.79%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 27 $22,815,000 $845,000 $3,991 3.75%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 52 $21,400,000 $411,538 $4,195 4.11%
    Vineyard Haven, MA (FHA|USDA|VA) 14 $17,090,000 $1,220,714 $5,745 4.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 4 $12,340,000 $3,085,000 $3,607 3.76%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 9 $11,475,000 $1,275,000 $7,353 3.47%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 12 $9,310,000 $775,833 $3,967 4.01%
    Ukiah, CA (FHA|USDA|VA) 1 $5,165,000 $5,165,000 $0 4.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $5,080,000 $846,667 $5,875 3.65%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $3,800,000 $950,000 $6,243 3.66%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 4 $2,580,000 $645,000 $4,419 3.88%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $2,295,000 $2,295,000 $7,945 3.63%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,440,000 $720,000 $3,584 4.50%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,400,000 $350,000 $4,167 4.31%
    PITTSFIELD, MA (FHA|USDA|VA) 2 $1,390,000 $695,000 $3,173 3.56%
    SALINAS, CA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $3,130 3.63%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $755,000 $251,667 $3,857 3.96%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $745,000 $745,000 $2,992 4.75%
    VALLEJO, CA (FHA|USDA|VA) 2 $620,000 $310,000 $2,624 4.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $575,000 $575,000 $2,966 4.63%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $365,000 $365,000 $3,154 3.63%
    MODESTO, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,704 5.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $275,000 $275,000 $3,539 4.25%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $2,861 5.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $115,000 $115,000 $2,512 4.38%
    Boston Private Bank & Trust Company's top markets include Boston, Los Angeles, San Francisco, Barnstable Town, and San Jose among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Boston Private Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SANTA CLARA COUNTY
    Similarity Rank: 20
    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Charter Oak Federal Credit Union
    Similarity Rank: 66
    Bank of Easton
    Similarity Rank: 66
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 897 $823,105,000 $917,620 $4,732 3.93%

    For 2018, Boston Private Bank & Trust Company's most frequently originated type of loan was Conventional, with 897 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 599 $506,935,000 $846,302 $5,032 3.98%
    Refi 250 $273,040,000 $1,092,160 $4,216 3.83%
    Other 31 $34,215,000 $1,103,710 $4,144 3.81%
    Home Improvement 9 $6,695,000 $743,889 $4,211 4.00%
    Cash Out Refi 8 $2,220,000 $277,500 $2,452 4.03%

    For 2018, Boston Private Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 599 originations. The 2nd most popular reason was Refi, with 250 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 810 $739,400,000 $912,840 $4,775 3.93%
    5 Year 40 $9,370,000 $234,250 $0 4.60%
    15 Year 34 $28,700,000 $844,118 $3,925 3.76%
    20 Year 4 $930,000 $232,500 $2,850 4.28%
    10 Year 4 $10,340,000 $2,585,000 $0 5.09%
    Other 3 $29,105,000 $9,701,667 $0 4.48%
    3 Year 2 $5,260,000 $2,630,000 $0 4.39%

    For 2018, Boston Private Bank & Trust Company's most frequently cited loan duration was 30 Year, with 810 originations. The 2nd most popular length was 5 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 813 $746,535,000 $918,247
    $1k-2k 9 $2,855,000 $317,222
    $5k+ 9 $11,495,000 $1,277,222
    $2k-3k 6 $2,460,000 $410,000
    $3k-4k 6 $2,140,000 $356,667

    Boston Private Bank & Trust Company's average total fees were $4,775, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 813 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 535 $558,485,000 $1,043,897
    4-5% 291 $214,495,000 $737,096
    2.5-3% 17 $37,875,000 $2,227,941
    5-6% 14 $11,840,000 $845,714

    During 2018, Boston Private Bank & Trust Company's average interest rate for loans was 3.93%, while their most frequently originated rate bucket for loans was 3-4%, with 535 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 284 $542,600,000 $1,910,563 $6,706 3.74%
    $200k-400k 209 $64,665,000 $309,402 $3,492 4.10%
    $600k-1MM 184 $141,880,000 $771,087 $4,298 3.96%
    $400k-600k 139 $67,085,000 $482,626 $3,853 4.00%
    $100,000 or less 42 $580,000 $13,810 $2,531 4.00%
    $100k-200k 39 $6,295,000 $161,410 $2,657 4.07%

    2018 saw Boston Private Bank & Trust Company place emphasis on $1MM+ loans with 284 originations, totaling $542,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 460 $589,120,000 $1,280,696 $5,452 3.78%
    $150k-250k 125 $88,325,000 $706,600 $4,185 4.00%
    $50k-75k 97 $19,825,000 $204,381 $3,750 4.04%
    $75k-100k 87 $29,325,000 $337,069 $3,617 4.13%
    $100k-150k 81 $35,665,000 $440,309 $4,036 4.25%
    $50k or less 35 $4,155,000 $118,714 $2,787 3.96%

    Boston Private Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 460 originations. The second most popular income band? $150k-250k, with 125 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 148 $107,990,000 $729,662 $4,439 3.98%
    20-30% 139 $112,415,000 $808,741 $4,075 3.83%
    <20% 75 $77,035,000 $1,027,133 $4,826 3.74%
    >60% 62 $92,220,000 $1,487,419 $6,203 3.86%
    42% 60 $41,760,000 $696,000 $4,549 4.10%
    41% 45 $29,635,000 $658,556 $4,339 3.98%
    43% 42 $27,580,000 $656,667 $5,241 4.00%
    38% 37 $29,225,000 $789,865 $4,199 3.86%
    50-60% 37 $43,305,000 $1,170,405 $4,781 4.01%
    40% 36 $24,520,000 $681,111 $4,297 4.08%
    47% 31 $34,625,000 $1,116,935 $5,239 3.88%
    37% 29 $19,075,000 $657,759 $4,450 3.93%
    39% 29 $16,975,000 $585,345 $4,511 3.88%
    36% 29 $17,515,000 $603,966 $5,101 4.03%
    44% 23 $21,445,000 $932,391 $4,867 3.84%
    48% 19 $22,695,000 $1,194,474 $5,270 3.84%
    45% 18 $22,060,000 $1,225,556 $5,598 3.83%
    46% 16 $20,310,000 $1,269,375 $6,966 4.09%
    49% 10 $6,030,000 $603,000 $4,199 4.10%

    Boston Private Bank & Trust Company lent most frequently to those with DTI ratios of 30-36%, with 148 originations. The next most common DTI ratio? 20-30%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 681 $637,375,000 $935,940 $4,721 3.89%
    Asian 93 $59,915,000 $644,247 $4,714 4.00%
    Not applicable 12 $56,690,000 $4,724,167 $0 4.79%
    Not provided 50 $39,490,000 $789,800 $5,603 4.07%
    Black 49 $22,765,000 $464,592 $3,975 4.07%
    Asian Indian 2 $3,740,000 $1,870,000 $6,206 4.19%
    Native Hawaiian or Islander 3 $1,795,000 $598,333 $5,517 3.56%
    Chinese 1 $725,000 $725,000 $4,724 3.88%
    American Indian 6 $610,000 $101,667 $3,388 4.21%

    Approval Rates

    Total approvals of all applications
    95.67%

    Boston Private Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.49%

    Boston Private Bank & Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 897 $823,105,000 $917,620

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $44,595,000 $6,370,714
    Single Family (1-4 Units):Site-Built 890 $778,510,000 $874,730

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 82 $62,140,000 $757,805 $3,566 3.78%
    40-60% 137 $137,805,000 $1,005,876 $4,946 3.89%
    60-80% 329 $378,555,000 $1,150,623 $5,175 3.93%
    80-100% 288 $197,250,000 $684,896 $4,372 4.01%
    Over 100% 3 $29,745,000 $9,915,000 $26,122 3.69%
    Under 20% 58 $17,610,000 $303,621 $3,532 3.85%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Boston Private Bank & Trust Company 1223 - 1227 Centre Street Newton, MA 2459 Full Service B&M $199,054
    Boston Private Bank & Trust Company 1295a Beacon Street Brookline, MA 2446 Full Service B&M $70,299
    Boston Private Bank & Trust Company 1440 Chapin Avenue Burlingame, CA 94010 Full Service B&M $229,171
    Boston Private Bank & Trust Company 157 Seaport Boulevard Boston, MA 2210 Full Service B&M $69,267
    Boston Private Bank & Trust Company 160 Bovet Road San Mateo, CA 94402 Full Service B&M $702,772
    Boston Private Bank & Trust Company 16000 Ventura Boulevard Encino, CA 91436 Full Service B&M $117,905
    Boston Private Bank & Trust Company 1666 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $73,214
    Boston Private Bank & Trust Company 225 North Beverly Drive Beverly Hills, CA 90210 Full Service B&M $81,808
    Boston Private Bank & Trust Company 265 Main Street Cambridge, MA 2142 Full Service B&M $90,982
    Boston Private Bank & Trust Company 336 Washington Street Wellesley, MA 2481 Full Service B&M $591,168
    Boston Private Bank & Trust Company 345 E. Colorado Boulevard Pasadena, CA 91101 Full Service B&M $74,852
    Boston Private Bank & Trust Company 345 South San Antonio Road Los Altos, CA 94022 Full Service B&M $101,888
    Boston Private Bank & Trust Company 420 Cowper Street Palo Alto, CA 94301 Full Service B&M $203,543
    Boston Private Bank & Trust Company 433 California Street San Francisco, CA 94104 Full Service B&M $279,314
    Boston Private Bank & Trust Company 500 Boylston Street Boston, MA 2116 Full Service B&M $523,431
    Boston Private Bank & Trust Company 520 Broadway Santa Monica, CA 90401 Full Service B&M $174,005
    Boston Private Bank & Trust Company 57 Enon Street Beverly, MA 1915 Full Service B&M $108,049
    Boston Private Bank & Trust Company 60 South Market Street San Jose, CA 95113 Full Service B&M $52,493
    Boston Private Bank & Trust Company 7 Central Street Hingham, MA 2043 Full Service B&M $95,741
    Boston Private Bank & Trust Company 800 Boylston Street Boston, MA 2199 Full Service B&M $44,033
    Boston Private Bank & Trust Company 801 S. Figueroa Street Los Angeles, CA 90017 Full Service B&M $1,956
    Boston Private Bank & Trust Company 971 S. Westlake Boulevard Westlake Village, CA 91361 Full Service B&M $47,589
    Boston Private Bank & Trust Company Ten Post Office Square Boston, MA 2109 Full Service B&M $2,747,110

    For 2018, Boston Private Bank & Trust Company had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $292,999
    Net interest income $238,474
    Total noninterest income $56,233
    Gross Fiduciary activities income $13,285
    Service charges on deposit accounts $1,279
    Trading account gains and fees $-118
    Additional Noninterest Income $41,787
    Pre-tax net operating income $88,946
    Securities gains (or losses, -) $-596
    Income before extraordinary items $70,930
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $70,930
    Minority interest net income $0
    Net income $70,930
    Sale, conversion, retirement of capital stock, net $6,875
    Net operating income $71,406

    Boston Private Bank & Trust Company's gross interest income from loans was $292,999,000.
    Boston Private Bank & Trust Company's net interest income from loans was $238,474,000.
    Boston Private Bank & Trust Company's fee based income from loans was $1,279,000.
    Boston Private Bank & Trust Company's net income from loans was $70,930,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $54,525
    Provision for credit losses $-2,198
    Total noninterest expense $207,959
    Salaries and employee benefits $126,317
    Premises and equipment expense $29,676
    Additional noninterest expense $51,966
    Applicable income taxes $17,420
    Net charge-offs $-2,768
    Cash dividends $27,500

    Boston Private Bank & Trust Company's interest expense for loans was $54,525,000.
    Boston Private Bank & Trust Company's payroll and benefits expense were $126,317,000.
    Boston Private Bank & Trust Company's property, plant and equipment expenses $29,676,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 2.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $6,835,301
    Deposits held in domestic offices $6,835,301
    Deposits by Individuals, partnerships, and corporations $6,828,611
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,690
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $292,174
    Demand deposits $229,876
    Nontransaction accounts $6,543,127
    Money market deposit accounts (MMDAs) $3,384,996
    Other savings deposits (excluding MMDAs) $2,366,109
    Total time deposits $792,022
    Total time and savings deposits $6,605,425
    Noninterest-bearing deposits $1,957,617
    Interest-bearing deposits $4,877,684
    Retail deposits $5,959,692
    IRAs and Keogh plan accounts $98,383
    Brokered deposits $541,139
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,421,894
    Cash & Balances due from depository institutions $124,108
    Interest-bearing balances $82,863
    Total securities $1,054,605
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,820,658
    Loan and leases loss allowance $75,312
    Trading account assets $21,889
    Bank premises and fixed assets $31,311
    Other real estate owned $401
    Goodwill and other intangibles $47,004
    All other assets $321,918

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,421,894
    Total Liabilities $7,648,623
    Total deposits $6,835,301
    Interest-bearing deposits $4,877,684
    Deposits held in domestic offices $6,835,301
    % insured (estimated) $26
    Federal funds purchased and repurchase agreements $286,928
    Trading liabilities $22,385
    Other borrowed funds $420,144
    Subordinated debt $0
    All other liabilities $83,865

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,820,658
    Loan and leases loss allowance $75,312
    Total loans and leases (domestic) $6,895,970
    All real estate loans $5,421,372
    Real estate loans in domestic offices $5,421,372
    Construction and development loans $157,340
    Residential 1-4 family construction $31,432
    Other construction, all land development and other land $125,908
    Loans secured by nonfarm nonresidential properties $1,661,209
    Nonfarm nonresidential secured by owner-occupied properties $205,477
    Commercial real estate & other non-farm, non-residential $1,455,732
    Multifamily residential real estate $405,563
    1-4 family residential loans $3,196,834
    Farmland loans $426
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $505,283
    To non-U.S. addressees $0
    Loans to individuals $138,469
    Credit card loans $0
    Related Plans $133,260
    Consumer Auto Loans $0
    Other loans to individuals $5,209
    All other loans & leases $830,846
    Loans to foreign governments and official institutions $0
    Other loans $114,343
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,624
    Non 1-4 family restructured loans & leases $430
    Total loans and leases (foreign) $0

    Boston Private Bank & Trust Company had $6,820,658,000 of loans outstanding in 2018. $5,421,372,000 of loans were in real estate loans. $157,340,000 of loans were in development loans. $405,563,000 of loans were in multifamily mortgage loans. $3,196,834,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 196 $66,310 $338,316
    Nonfarm, nonresidential loans - <$100k 2 $132 $66,000
    Nonfarm, nonresidential loans - $100-250k 12 $1,770 $147,500
    Nonfarm, nonresidential loans - $250k-1MM 182 $64,408 $353,890
    Commercial & Industrial, US addressed loans - <$1MM 429 $102,440 $238,788
    Commercial & Industrial, US addressed loans - <$100k 114 $5,159 $45,254
    Commercial & Industrial, US addressed loans - $100-250k 99 $11,677 $117,949
    Commercial & Industrial, US addressed loans - $250k-1MM 216 $85,604 $396,315