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

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 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)

Similar Lenders

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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