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

Boston, MA

LEI: OLO8RKM2RJ2ICV6SJH34

Tax ID: 04-2942314

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Bank Data

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

974

Origination Dollar Volume (All Markets)

$996,550,000

Employee count

766 Show all (5) 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) 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%
Boston Private Bank & Trust Company's top markets include Boston, Los Angeles, San Francisco, San Jose, and Barnstable Town among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 577 $441,325,000 $764,861 $4,907 3.66%
    Refi 342 $489,270,000 $1,430,614 $4,346 3.45%
    Other 23 $26,415,000 $1,148,478 $4,129 3.30%
    Cash Out Refi 21 $10,115,000 $481,667 $5,741 4.01%
    Home Improvement 11 $29,425,000 $2,675,000 $12,875 4.05%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 803 $722,545,000 $899,807 $4,786 3.58%
    5 Year 81 $56,465,000 $697,099 $0 3.87%
    15 Year 50 $38,520,000 $770,400 $3,745 3.15%
    10 Year 21 $78,935,000 $3,758,810 $4,284 3.93%
    Other 12 $52,850,000 $4,404,167 $0 4.68%
    20 Year 4 $39,160,000 $9,790,000 $0 4.09%
    3 Year 2 $7,970,000 $3,985,000 $0 3.75%
    1 Year 1 $105,000 $105,000 $0 5.50%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 788 $717,880,000 $911,015
    $5k+ 16 $12,510,000 $781,875
    $1k-2k 9 $3,035,000 $337,222
    $2k-3k 8 $2,970,000 $371,250
    $3k-4k 5 $1,985,000 $397,000
    $4k-5k 4 $2,010,000 $502,500

    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

    Loan Rate Originations Total Value Average Loan
    3-4% 577 $582,065,000 $1,008,778
    2.5-3% 176 $234,170,000 $1,330,511
    4-5% 130 $135,480,000 $1,042,154
    5-6% 10 $23,070,000 $2,307,000
    <2.5% 8 $14,470,000 $1,808,750
    6-7% 1 $6,705,000 $6,705,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 308 $711,790,000 $2,311,006 $6,491 3.40%
    $200k-400k 210 $63,020,000 $300,095 $3,600 3.77%
    $600k-1MM 172 $134,260,000 $780,581 $4,432 3.53%
    $400k-600k 170 $80,090,000 $471,118 $3,956 3.75%
    $100,000 or less 73 $685,000 $9,384 $3,940 3.38%
    $100k-200k 41 $6,705,000 $163,537 $3,184 3.58%

    2019 saw Boston Private Bank & Trust Company place emphasis on $1MM+ loans with 308 originations, totaling $711,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 420 $567,550,000 $1,351,310 $5,555 3.36%
    $50k-75k 130 $24,270,000 $186,692 $3,702 3.72%
    $150k-250k 129 $86,945,000 $673,992 $4,241 3.58%
    $75k-100k 116 $34,680,000 $298,966 $3,947 3.81%
    $100k-150k 102 $43,680,000 $428,235 $3,992 3.91%
    $50k or less 32 $3,440,000 $107,500 $3,409 3.60%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 169 $107,485,000 $636,006 $4,273 3.55%
    20-30% 143 $104,425,000 $730,245 $4,220 3.47%
    <20% 65 $57,795,000 $889,154 $4,457 3.21%
    >60% 64 $93,920,000 $1,467,500 $5,934 3.32%
    41% 46 $35,280,000 $766,957 $4,802 3.58%
    43% 44 $37,030,000 $841,591 $4,844 3.63%
    42% 41 $22,605,000 $551,341 $4,565 3.72%
    47% 40 $41,370,000 $1,034,250 $5,010 3.53%
    38% 39 $29,455,000 $755,256 $4,626 3.58%
    50-60% 38 $49,180,000 $1,294,211 $6,687 3.54%
    36% 37 $18,555,000 $501,486 $4,033 3.67%
    40% 33 $20,245,000 $613,485 $4,704 3.72%
    44% 32 $28,340,000 $885,625 $4,877 3.67%
    45% 28 $28,520,000 $1,018,571 $5,262 3.54%
    39% 28 $17,340,000 $619,286 $4,551 3.78%
    46% 26 $28,470,000 $1,095,000 $5,012 3.63%
    49% 21 $8,995,000 $428,333 $4,252 3.96%
    37% 21 $14,915,000 $710,238 $4,203 3.88%
    48% 12 $15,400,000 $1,283,333 $5,767 3.69%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 685 $627,315,000 $915,788 $4,771 3.50%
    Not applicable 43 $234,475,000 $5,452,907 $0 4.19%
    Asian 102 $62,490,000 $612,647 $4,683 3.65%
    Not provided 83 $46,675,000 $562,349 $4,945 3.69%
    Black 54 $22,000,000 $407,407 $3,812 3.84%
    Asian Indian 3 $2,255,000 $751,667 $4,137 3.50%
    American Indian 1 $575,000 $575,000 $3,776 3.88%
    Native Hawaiian or Islander 2 $400,000 $200,000 $4,876 3.88%
    Korean 1 $365,000 $365,000 $3,852 4.38%

    Approval Rates

    Total approvals of all applications
    94.51%

    Boston Private Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.01%

    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

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 85 $92,865,000 $1,092,529 $4,014 3.49%
    40-60% 160 $229,920,000 $1,437,000 $4,590 3.49%
    60-80% 334 $441,880,000 $1,322,994 $5,264 3.54%
    80-100% 283 $192,855,000 $681,466 $4,500 3.73%
    Over 100% 1 $2,005,000 $2,005,000 $0 4.77%
    Under 20% 111 $37,025,000 $333,559 $3,743 3.45%

    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