Boston Private Bank & Trust Company Mortgage Rates, Fees & Info
Boston, MALEI: OLO8RKM2RJ2ICV6SJH34
Tax ID: 04-2942314
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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, San Jose, and Barnstable Town among others. We have data for 31 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.
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Originations
974Origination Dollar Volume (All Markets)
$996,550,000Employee count
766 Show all (5) awardsBoston Private Bank & Trust Company - 2019
Boston Private Bank & Trust Company is a 2019 , due to their low .
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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) | 439 | $387,585,000 | $882,882 | $4,238 | 3.47% |
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 232 | $261,070,000 | $1,125,302 | $5,551 | 3.71% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 119 | $185,485,000 | $1,558,697 | $5,251 | 3.67% |
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 86 | $59,460,000 | $691,395 | $4,073 | 3.88% |
BARNSTABLE TOWN, MA (FHA|USDA|VA) | 20 | $26,200,000 | $1,310,000 | $5,342 | 3.37% |
Outside of Metro Areas | 12 | $20,610,000 | $1,717,500 | $6,528 | 3.18% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 9 | $10,315,000 | $1,146,111 | $4,615 | 3.15% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 7 | $8,235,000 | $1,176,429 | $5,703 | 3.55% |
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 5 | $5,595,000 | $1,119,000 | $5,372 | 3.78% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $4,950,000 | $825,000 | $7,232 | 3.35% |
NAPA, CA (FHA|USDA|VA) | 2 | $4,710,000 | $2,355,000 | $4,401 | 3.56% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $3,935,000 | $787,000 | $3,929 | 3.55% |
SALINAS, CA (FHA|USDA|VA) | 4 | $2,850,000 | $712,500 | $3,836 | 3.53% |
WORCESTER, MA-CT (FHA|USDA|VA) | 3 | $2,365,000 | $788,333 | $3,231 | 3.91% |
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 3 | $2,095,000 | $698,333 | $3,890 | 3.75% |
Lebanon, NH-VT (FHA|USDA|VA) | 3 | $1,605,000 | $535,000 | $3,226 | 3.25% |
Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $4,076 | 3.56% |
Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,085,000 | $1,085,000 | $6,094 | 3.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $4,434 | 3.50% |
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $3,403 | 3.13% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $3,360 | 2.75% |
MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,754 | 4.21% |
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $6,011 | 3.50% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $4,637 | 4.13% |
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 4.00% |
Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,003 | 2.50% |
Concord, NH (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,724 | 2.88% |
MODESTO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,602 | 4.25% |
SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,854 | 3.63% |
Augusta-Waterville, ME (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,678 | 4.75% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,003 | 3.00% |
Their top states include:
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 974 | $996,550,000 | $1,023,152 | $4,724 | 3.58% |
For 2019, Boston Private Bank & Trust Company's most frequently originated type of loan was Conventional, with 974 originations.
Loan Reason
For 2019, Boston Private Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 577 originations. The 2nd most popular reason was Refi, with 342 originations.
Loan Duration/Length
For 2019, Boston Private Bank & Trust Company's most frequently cited loan duration was 30 Year, with 803 originations. The 2nd most popular length was 5 Year, with 81 originations.
Origination Fees/Closing Costs
Boston Private Bank & Trust Company's average total fees were $4,786, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 788 originations.
Interest Rates
During 2019, Boston Private Bank & Trust Company's average interest rate for loans was 3.58%, while their most frequently originated rate bucket for loans was 3-4%, with 577 originations.
Loan Sizing
2019 saw Boston Private Bank & Trust Company place emphasis on $1MM+ loans with 308 originations, totaling $711,790,000 in origination value.
Applicant Income
Boston Private Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 420 originations. The second most popular income band? $50k-75k, with 130 originations.
Applicant Debt to Income Ratio
Boston Private Bank & Trust Company lent most frequently to those with DTI ratios of 30-36%, with 169 originations. The next most common DTI ratio? 20-30%, with 143 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.51%
Boston Private Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination81.01%
Boston Private Bank & Trust Company has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 974 | $996,550,000 | $1,023,152 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
Multifamily:Site-Built | 39 | $229,255,000 | $5,878,333 |
Single Family (1-4 Units):Site-Built | 935 | $767,295,000 | $820,636 |
LTV Distribution
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 | $201,952 |
Boston Private Bank & Trust Company | 1295a Beacon Street Brookline, MA 2446 | Full Service B&M | $57,937 |
Boston Private Bank & Trust Company | 1440 Chapin Avenue Burlingame, CA 94010 | Full Service B&M | $246,141 |
Boston Private Bank & Trust Company | 157 Seaport Boulevard Boston, MA 2210 | Full Service B&M | $60,938 |
Boston Private Bank & Trust Company | 160 Bovet Road San Mateo, CA 94402 | Full Service B&M | $695,179 |
Boston Private Bank & Trust Company | 16000 Ventura Boulevard Encino, CA 91436 | Full Service B&M | $114,655 |
Boston Private Bank & Trust Company | 1666 Massachusetts Avenue Lexington, MA 2420 | Full Service B&M | $104,386 |
Boston Private Bank & Trust Company | 225 North Beverly Drive Beverly Hills, CA 90210 | Full Service B&M | $52,632 |
Boston Private Bank & Trust Company | 265 Main Street Cambridge, MA 2142 | Full Service B&M | $93,809 |
Boston Private Bank & Trust Company | 336 Washington Street Wellesley, MA 2481 | Full Service B&M | $635,705 |
Boston Private Bank & Trust Company | 345 E. Colorado Boulevard Pasadena, CA 91101 | Full Service B&M | $62,619 |
Boston Private Bank & Trust Company | 345 South San Antonio Road Los Altos, CA 94022 | Full Service B&M | $155,242 |
Boston Private Bank & Trust Company | 420 Cowper Street Palo Alto, CA 94301 | Full Service B&M | $182,269 |
Boston Private Bank & Trust Company | 433 California Street San Francisco, CA 94104 | Full Service B&M | $282,302 |
Boston Private Bank & Trust Company | 500 Boylston Street Boston, MA 2116 | Full Service B&M | $406,840 |
Boston Private Bank & Trust Company | 520 Broadway Santa Monica, CA 90401 | Full Service B&M | $170,917 |
Boston Private Bank & Trust Company | 57 Enon Street Beverly, MA 1915 | Full Service B&M | $86,412 |
Boston Private Bank & Trust Company | 60 South Market Street San Jose, CA 95113 | Full Service B&M | $70,530 |
Boston Private Bank & Trust Company | 7 Central Street Hingham, MA 2043 | Full Service B&M | $98,156 |
Boston Private Bank & Trust Company | 800 Boylston Street Boston, MA 2199 | Full Service B&M | $44,352 |
Boston Private Bank & Trust Company | 801 S. Figueroa Street, Suite 100 Los Angeles, CA 90017 | Full Service B&M | $32,678 |
Boston Private Bank & Trust Company | 971 S. Westlake Boulevard Westlake Village, CA 91361 | Full Service B&M | $44,905 |
Boston Private Bank & Trust Company | Ten Post Office Square Boston, MA 2109 | Full Service B&M | $2,585,027 |
For 2019, Boston Private Bank & Trust Company had 23 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $308,818 |
Net interest income | $232,574 |
Total noninterest income | $67,212 |
Gross Fiduciary activities income | $9,614 |
Service charges on deposit accounts | $1,195 |
Trading account gains and fees | $6 |
Additional Noninterest Income | $56,397 |
Pre-tax net operating income | $100,584 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $78,646 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $78,646 |
Minority interest net income | $0 |
Net income | $78,646 |
Sale, conversion, retirement of capital stock, net | $3,839 |
Net operating income | $78,646 |
Boston Private Bank & Trust Company's gross interest income from loans was $308,818,000.
Boston Private Bank & Trust Company's net interest income from loans was $232,574,000.
Boston Private Bank & Trust Company's fee based income from loans was $1,195,000.
Boston Private Bank & Trust Company's net income from loans was $78,646,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $76,244 |
Provision for credit losses | $-3,564 |
Total noninterest expense | $202,766 |
Salaries and employee benefits | $118,712 |
Premises and equipment expense | $32,005 |
Additional noninterest expense | $52,049 |
Applicable income taxes | $21,938 |
Net charge-offs | $-234 |
Cash dividends | $47,300 |
Boston Private Bank & Trust Company's interest expense for loans was $76,244,000.
Boston Private Bank & Trust Company's payroll and benefits expense were $118,712,000.
Boston Private Bank & Trust Company's property, plant and equipment expenses $32,005,000.
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 | 1.0% |
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 | $7,295,588 |
Deposits held in domestic offices | $7,295,588 |
Deposits by Individuals, partnerships, and corporations | $7,142,715 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $142,082 |
Deposits by Commercial banks and other depository institutions in U.S. | $10,791 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $316,313 |
Demand deposits | $272,266 |
Nontransaction accounts | $6,979,275 |
Money market deposit accounts (MMDAs) | $4,016,588 |
Other savings deposits (excluding MMDAs) | $2,307,653 |
Total time deposits | $655,034 |
Total time and savings deposits | $7,023,322 |
Noninterest-bearing deposits | $1,977,727 |
Interest-bearing deposits | $5,317,861 |
Retail deposits | $6,553,277 |
IRAs and Keogh plan accounts | $108,464 |
Brokered deposits | $422,383 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $8,796,241 |
Cash & Balances due from depository institutions | $276,615 |
Interest-bearing balances | $234,853 |
Total securities | $1,045,306 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $6,912,108 |
Loan and leases loss allowance | $71,982 |
Trading account assets | $36,089 |
Bank premises and fixed assets | $128,862 |
Other real estate owned | $0 |
Goodwill and other intangibles | $67,959 |
All other assets | $329,302 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $8,796,241 |
Total Liabilities | $7,944,009 |
Total deposits | $7,295,588 |
Interest-bearing deposits | $5,317,861 |
Deposits held in domestic offices | $7,295,588 |
% insured (estimated) | $23 |
Federal funds purchased and repurchase agreements | $53,398 |
Trading liabilities | $36,580 |
Other borrowed funds | $464,923 |
Subordinated debt | $0 |
All other liabilities | $93,520 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $6,912,108 |
Loan and leases loss allowance | $71,982 |
Total loans and leases (domestic) | $6,984,090 |
All real estate loans | $5,484,397 |
Real estate loans in domestic offices | $5,484,397 |
Construction and development loans | $163,823 |
Residential 1-4 family construction | $55,433 |
Other construction, all land development and other land | $108,390 |
Loans secured by nonfarm nonresidential properties | $1,692,616 |
Nonfarm nonresidential secured by owner-occupied properties | $207,576 |
Commercial real estate & other non-farm, non-residential | $1,485,040 |
Multifamily residential real estate | $570,426 |
1-4 family residential loans | $3,057,373 |
Farmland loans | $159 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $544,834 |
To non-U.S. addressees | $0 |
Loans to individuals | $131,068 |
Credit card loans | $0 |
Related Plans | $124,656 |
Consumer Auto Loans | $0 |
Other loans to individuals | $6,412 |
All other loans & leases | $823,791 |
Loans to foreign governments and official institutions | $0 |
Other loans | $144,454 |
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 | $6,470 |
Non 1-4 family restructured loans & leases | $875 |
Total loans and leases (foreign) | $0 |
Boston Private Bank & Trust Company had $6,912,108,000 of loans outstanding in 2019. $5,484,397,000 of loans were in real estate loans. $163,823,000 of loans were in development loans. $570,426,000 of loans were in multifamily mortgage loans. $3,057,373,000 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 | 142 | $63,586 | $447,789 |
Nonfarm, nonresidential loans - <$100k | 3 | $223 | $74,333 |
Nonfarm, nonresidential loans - $100-250k | 11 | $1,844 | $167,636 |
Nonfarm, nonresidential loans - $250k-1MM | 128 | $61,519 | $480,617 |
Commercial & Industrial, US addressed loans - <$1MM | 484 | $101,697 | $210,118 |
Commercial & Industrial, US addressed loans - <$100k | 184 | $9,493 | $51,592 |
Commercial & Industrial, US addressed loans - $100-250k | 84 | $9,749 | $116,060 |
Commercial & Industrial, US addressed loans - $250k-1MM | 216 | $82,455 | $381,736 |