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.

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.

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Originations

973

Origination Dollar Volume (All Markets)

$909,715,000

Employee count

798

Awards

Boston Private Bank & Trust Company 30 Year Conventional Loans gold Boston Private Bank & Trust Company 30 Year Conventional Loans gold Boston Private Bank & Trust Company 30 Year Conventional Loans gold Boston Private Bank & Trust Company 30 Year Conventional Loans silver
Show all (4) 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) 405 $329,075,000 $812,531 $4,120 2.68%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 225 $240,845,000 $1,070,422 $5,349 2.87%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 128 $137,340,000 $1,072,969 $4,774 3.06%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 82 $42,860,000 $522,683 $3,781 2.96%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 27 $28,945,000 $1,072,037 $5,162 2.85%
Outside of Metro Areas 16 $25,440,000 $1,590,000 $5,989 2.93%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $16,125,000 $2,303,571 $3,698 2.98%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 4 $12,310,000 $3,077,500 $7,179 3.16%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $11,770,000 $1,177,000 $7,440 2.99%
Ukiah, CA (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 3.51%
NAPA, CA (FHA|USDA|VA) 3 $6,435,000 $2,145,000 $5,633 2.92%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 9 $6,075,000 $675,000 $8,651 2.86%
SALINAS, CA (FHA|USDA|VA) 3 $5,405,000 $1,801,667 $4,717 2.88%
Vineyard Haven, MA (FHA|USDA|VA) 4 $4,080,000 $1,020,000 $5,208 2.69%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $3,995,000 $1,331,667 $7,399 2.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 6 $3,660,000 $610,000 $4,253 3.73%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $3,460,000 $576,667 $4,063 2.83%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 9 $3,425,000 $380,556 $3,748 2.94%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 3 $3,395,000 $1,131,667 $2,397 3.70%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 3 $3,115,000 $1,038,333 $4,574 3.04%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $3,020,000 $1,510,000 $8,605 2.44%
WORCESTER, MA-CT (FHA|USDA|VA) 5 $2,945,000 $589,000 $3,906 3.03%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $2,525,000 $2,525,000 $12,397 2.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,580,000 $790,000 $5,959 2.81%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $4,627 3.25%
Lebanon, NH-VT (FHA|USDA|VA) 3 $1,005,000 $335,000 $2,835 2.79%
Keene, NH (FHA|USDA|VA) 1 $825,000 $825,000 $3,965 3.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $705,000 $705,000 $3,167 2.50%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $605,000 $605,000 $3,805 3.50%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $395,000 $395,000 $3,407 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,174 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)
  • Florida (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 973 $909,715,000 $934,959 $4,656 2.84%

    For 2020, Boston Private Bank & Trust Company's most frequently originated type of loan was Conventional, with 973 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 473 $359,665,000 $760,391 $5,092 2.66%
    Refi 434 $481,830,000 $1,110,207 $4,270 2.98%
    Cash Out Refi 33 $27,075,000 $820,455 $3,604 3.34%
    Other 26 $28,650,000 $1,101,923 $4,420 3.04%
    Home Improvement 7 $12,495,000 $1,785,000 $13,138 3.24%

    For 2020, Boston Private Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 473 originations. The 2nd most popular reason was Refi, with 434 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 795 $757,185,000 $952,434 $4,733 3.06%
    15 Year 70 $58,480,000 $835,429 $4,079 2.74%
    5 Year 68 $10,970,000 $161,324 $0 0.15%
    Other 19 $49,885,000 $2,625,526 $2,439 3.08%
    10 Year 11 $22,785,000 $2,071,364 $2,805 3.47%
    20 Year 10 $10,410,000 $1,041,000 $2,708 3.13%

    For 2020, Boston Private Bank & Trust Company's most frequently cited loan duration was 30 Year, with 795 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 790 $769,400,000 $973,924
    $1k-2k 24 $9,340,000 $389,167
    $2k-3k 12 $3,750,000 $312,500
    $5k+ 9 $7,125,000 $791,667
    $3k-4k 5 $2,665,000 $533,000
    $4k-5k 4 $1,500,000 $375,000

    Boston Private Bank & Trust Company's average total fees were $4,733, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 790 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 471 $526,245,000 $1,117,293
    3-4% 333 $250,555,000 $752,417
    <2.5% 149 $109,025,000 $731,711
    4-5% 20 $23,890,000 $1,194,500

    During 2020, Boston Private Bank & Trust Company's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 471 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 324 $625,280,000 $1,929,877 $6,305 2.96%
    $400k-600k 187 $89,295,000 $477,513 $3,710 3.03%
    $200k-400k 180 $54,990,000 $305,500 $3,594 3.16%
    $600k-1MM 169 $132,055,000 $781,391 $4,237 3.05%
    $100,000 or less 69 $885,000 $12,826 $3,433 0.14%
    $100k-200k 44 $7,210,000 $163,864 $3,235 3.20%

    2020 saw Boston Private Bank & Trust Company place emphasis on $1MM+ loans with 324 originations, totaling $625,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 397 $537,195,000 $1,353,136 $5,390 2.93%
    $150k-250k 127 $92,435,000 $727,835 $3,963 3.09%
    $50k-75k 107 $20,565,000 $192,196 $3,797 2.16%
    $100k-150k 105 $44,255,000 $421,476 $3,731 3.05%
    $75k-100k 98 $31,130,000 $317,653 $3,877 2.65%
    $50k or less 43 $7,665,000 $178,256 $4,136 2.08%

    Boston Private Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 397 originations. The second most popular income band? $150k-250k, with 127 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 191 $155,015,000 $811,597 $4,410 2.73%
    20-30% 156 $134,770,000 $863,910 $4,330 2.82%
    <20% 103 $94,355,000 $916,068 $4,424 2.91%
    39% 44 $26,200,000 $595,455 $4,440 2.63%
    42% 40 $35,600,000 $890,000 $4,943 3.03%
    50-60% 40 $45,680,000 $1,142,000 $5,796 2.53%
    38% 38 $18,130,000 $477,105 $3,755 2.78%
    >60% 38 $56,870,000 $1,496,579 $6,284 2.92%
    43% 37 $44,055,000 $1,190,676 $6,982 2.83%
    37% 34 $24,350,000 $716,176 $3,762 2.84%
    40% 32 $22,440,000 $701,250 $3,896 2.89%
    44% 32 $31,840,000 $995,000 $5,112 3.01%
    47% 31 $34,725,000 $1,120,161 $5,272 2.88%
    36% 30 $22,920,000 $764,000 $5,300 2.65%
    41% 30 $18,730,000 $624,333 $4,116 2.86%
    46% 27 $20,495,000 $759,074 $4,000 3.01%
    45% 19 $17,085,000 $899,211 $4,660 2.74%
    48% 8 $7,610,000 $951,250 $4,574 2.95%
    49% 8 $3,600,000 $450,000 $3,942 3.30%

    Boston Private Bank & Trust Company lent most frequently to those with DTI ratios of 30-36%, with 191 originations. The next most common DTI ratio? 20-30%, with 156 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 706 $697,420,000 $987,847 $4,697 2.89%
    Not applicable 34 $94,540,000 $2,780,588 $0 3.27%
    Not provided 93 $55,955,000 $601,667 $4,735 2.59%
    Asian 73 $41,155,000 $563,767 $4,866 2.80%
    Black 60 $16,660,000 $277,667 $3,700 2.36%
    Chinese 1 $2,145,000 $2,145,000 $5,954 2.50%
    Other Asian 1 $705,000 $705,000 $3,397 3.13%
    American Indian 3 $465,000 $155,000 $2,833 2.08%
    Guamanian 1 $395,000 $395,000 $3,546 3.00%
    Filipino 1 $275,000 $275,000 $5,613 3.38%

    Approval Rates

    Total approvals of all applications
    96.24%

    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
    80.37%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 973 $909,715,000 $934,959

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 33 $93,435,000 $2,831,364
    Single Family (1-4 Units):Site-Built 940 $816,280,000 $868,383

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 107 $93,555,000 $874,346 $3,841 2.98%
    40-60% 178 $222,350,000 $1,249,157 $4,571 2.97%
    60-80% 345 $409,555,000 $1,187,116 $5,104 3.06%
    80-100% 242 $158,310,000 $654,174 $4,486 3.12%
    Under 20% 101 $25,945,000 $256,881 $4,021 1.02%

    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 $189,544
    Boston Private Bank & Trust Company 1295a Beacon Street Brookline, MA 2446 Full Service B&M $62,140
    Boston Private Bank & Trust Company 1440 Chapin Avenue Burlingame, CA 94010 Full Service B&M $258,038
    Boston Private Bank & Trust Company 157 Seaport Boulevard Boston, MA 2210 Full Service B&M $54,540
    Boston Private Bank & Trust Company 160 Bovet Road San Mateo, CA 94402 Full Service B&M $853,984
    Boston Private Bank & Trust Company 16000 Ventura Boulevard Encino, CA 91436 Full Service B&M $127,459
    Boston Private Bank & Trust Company 1666 Massachusetts Avenue Lexington, MA 2420 Full Service B&M $201,148
    Boston Private Bank & Trust Company 225 North Beverly Drive Beverly Hills, CA 90210 Full Service B&M $84,771
    Boston Private Bank & Trust Company 255 Battery St San Francisco, CA 94111 Full Service B&M $318,436
    Boston Private Bank & Trust Company 265 Main Street Cambridge, MA 2142 Full Service B&M $86,237
    Boston Private Bank & Trust Company 336 Washington Street Wellesley, MA 2481 Full Service B&M $618,585
    Boston Private Bank & Trust Company 345 E. Colorado Boulevard Pasadena, CA 91101 Full Service B&M $102,026
    Boston Private Bank & Trust Company 345 South San Antonio Road Los Altos, CA 94022 Full Service B&M $200,234
    Boston Private Bank & Trust Company 420 Cowper Street Palo Alto, CA 94301 Full Service B&M $244,636
    Boston Private Bank & Trust Company 500 Boylston Street Boston, MA 2116 Full Service B&M $275,950
    Boston Private Bank & Trust Company 520 Broadway Santa Monica, CA 90401 Full Service B&M $208,404
    Boston Private Bank & Trust Company 57 Enon Street Beverly, MA 1915 Full Service B&M $88,828
    Boston Private Bank & Trust Company 60 South Market Street San Jose, CA 95113 Full Service B&M $95,839
    Boston Private Bank & Trust Company 7 Central Street Hingham, MA 2043 Full Service B&M $111,933
    Boston Private Bank & Trust Company 800 Boylston Street Boston, MA 2199 Full Service B&M $68,741
    Boston Private Bank & Trust Company 801 S. Figueroa Street, Suite 100 Los Angeles, CA 90017 Full Service B&M $118,608
    Boston Private Bank & Trust Company 971 S. Westlake Boulevard Westlake Village, CA 91361 Full Service B&M $54,093
    Boston Private Bank & Trust Company Ten Post Office Square Boston, MA 2109 Full Service B&M $3,051,995

    For 2020, Boston Private Bank & Trust Company had 23 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $274,302
    Net interest income $236,662
    Total noninterest income $86,127
    Gross Fiduciary activities income $8,910
    Service charges on deposit accounts $1,353
    Trading account gains and fees $-844
    Additional Noninterest Income $76,708
    Pre-tax net operating income $60,864
    Securities gains (or losses, -) $0
    Income before extraordinary items $50,794
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $50,794
    Minority interest net income $0
    Net income $50,794
    Sale, conversion, retirement of capital stock, net $182
    Net operating income $50,794

    Boston Private Bank & Trust Company's gross interest income from loans was $274,302,000.
    Boston Private Bank & Trust Company's net interest income from loans was $236,662,000.
    Boston Private Bank & Trust Company's fee based income from loans was $1,353,000.
    Boston Private Bank & Trust Company's net income from loans was $50,794,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,640
    Provision for credit losses $31,998
    Total noninterest expense $229,927
    Salaries and employee benefits $133,229
    Premises and equipment expense $33,176
    Additional noninterest expense $63,522
    Applicable income taxes $10,070
    Net charge-offs $2,357
    Cash dividends $57,000

    Boston Private Bank & Trust Company's interest expense for loans was $37,640,000.
    Boston Private Bank & Trust Company's payroll and benefits expense were $133,229,000.
    Boston Private Bank & Trust Company's property, plant and equipment expenses $33,176,000.

    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 0.0%
    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 $8,666,438
    Deposits held in domestic offices $8,666,438
    Deposits by Individuals, partnerships, and corporations $8,445,784
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $210,054
    Deposits by Commercial banks and other depository institutions in U.S. $10,600
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $482,697
    Demand deposits $429,936
    Nontransaction accounts $8,183,741
    Money market deposit accounts (MMDAs) $4,766,010
    Other savings deposits (excluding MMDAs) $2,909,614
    Total time deposits $508,117
    Total time and savings deposits $8,236,502
    Noninterest-bearing deposits $2,486,605
    Interest-bearing deposits $6,179,833
    Retail deposits $8,040,706
    IRAs and Keogh plan accounts $209,559
    Brokered deposits $250,018
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $10,016,735
    Cash & Balances due from depository institutions $1,052,398
    Interest-bearing balances $1,011,308
    Total securities $1,320,368
    Federal funds sold & reverse repurchase $0
    Net loans and leases $7,040,492
    Loan and leases loss allowance $81,238
    Trading account assets $83,255
    Bank premises and fixed assets $119,323
    Other real estate owned $0
    Goodwill and other intangibles $66,663
    All other assets $334,236

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $10,016,735
    Total Liabilities $9,132,453
    Total deposits $8,666,438
    Interest-bearing deposits $6,179,833
    Deposits held in domestic offices $8,666,438
    % insured (estimated) $20
    Federal funds purchased and repurchase agreements $53,472
    Trading liabilities $84,590
    Other borrowed funds $114,659
    Subordinated debt $0
    All other liabilities $213,294

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $7,040,492
    Loan and leases loss allowance $81,238
    Total loans and leases (domestic) $7,121,730
    All real estate loans $5,461,698
    Real estate loans in domestic offices $5,461,698
    Construction and development loans $133,790
    Residential 1-4 family construction $26,810
    Other construction, all land development and other land $106,980
    Loans secured by nonfarm nonresidential properties $1,771,494
    Nonfarm nonresidential secured by owner-occupied properties $219,119
    Commercial real estate & other non-farm, non-residential $1,552,375
    Multifamily residential real estate $670,752
    1-4 family residential loans $2,885,662
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $785,018
    To non-U.S. addressees $0
    Loans to individuals $117,698
    Credit card loans $0
    Related Plans $114,749
    Consumer Auto Loans $0
    Other loans to individuals $2,949
    All other loans & leases $757,316
    Loans to foreign governments and official institutions $0
    Other loans $96,145
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $187
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6,639
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Boston Private Bank & Trust Company had $7,040,492,000 of loans outstanding in 2020. $5,461,698,000 of loans were in real estate loans. $133,790,000 of loans were in development loans. $670,752,000 of loans were in multifamily mortgage loans. $2,885,662,000 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 252 $95,773 $380,052
    Nonfarm, nonresidential loans - <$100k 29 $1,726 $59,517
    Nonfarm, nonresidential loans - $100-250k 45 $7,123 $158,289
    Nonfarm, nonresidential loans - $250k-1MM 178 $86,924 $488,337
    Commercial & Industrial, US addressed loans - <$1MM 1,166 $223,344 $191,547
    Commercial & Industrial, US addressed loans - <$100k 500 $22,350 $44,700
    Commercial & Industrial, US addressed loans - $100-250k 280 $39,496 $141,057
    Commercial & Industrial, US addressed loans - $250k-1MM 386 $161,498 $418,389