Needham Bank
Needham, Massachusetts, Norfolk County
$7.4B in total assets, the 216th largest of 4,309 US banks and 6th of 95 headquartered in Massachusetts.
- FDIC certificate
- 26483
- Established
- 1892
- Owned by
- Nb Bcorp Inc
- Primary regulator
- FED
- Website
- www.needhambank.com
At a glance
Compared with 46 banks headquartered in Massachusetts with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $7.4B | 98% | $1.9B | |
| Loans | $6.5B | 98% | $1.5B | |
| Deposits | $6.3B | 98% | $1.6B | |
| Return on assets | 0.95% | 78% | 0.72% | |
| Net interest margin | 3.89% | 91% | 3.02% | |
| Efficiency ratio | 58.0% | 13% | 69.8% | |
| Equity to assets | 10.93% | 50% | 10.89% | |
| Loans to deposits | 103% | 67% | 100% |
Growth
Total assets grew 21.1% a year over the last 5 years and 14.0% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Nov 2025 | BankProv Amesbury, MA | $1.5B |
| Mar 2007 | Dedham Co-operative Bank Dedham, MA | $85M |
Where they operate
21 branches in 6 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Norfolk County, MA | $4.8B | 9.6% | 3 of 35 |
| Middlesex County, MA | $874M | 1.1% | 23 of 42 |
| Essex County, MA | $278M | 0.9% | 20 of 32 |
| Rockingham County, NH | $225M | 1.8% | 15 of 25 |
| Hillsborough County, NH | $84M | 0.5% | 15 of 24 |
| Suffolk County, MA | $41M | 0.0% | 28 of 36 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 11 branches since 2016 (10 to 21, +110.0%). 4 opened, 7 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2020 | Opened Mission Hill | 1 | 0 | +1 | 11 |
| 2022 | Opened Medford | 1 | 0 | +1 | 12 |
| 2025 | Acquired BankProv | 7 | 0 | +7 | 19 |
| 2026 through Q2 | Opened Boston and Salem | 2 | 0 | +2 | 21 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 33% | 26% | |
| 1-4 family residential | 21% | 46% | |
| Business (C&I) | 17% | 7% | |
| Construction and land | 12% | 7% | |
| Multifamily | 9% | 10% | |
| Consumer | 4% | 2% | |
| Other | 4% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 43% | 31% | |
| Other interest-bearing | 42% | 53% | |
| Noninterest-bearing | 15% | 16% |
Brokered deposits are 11.4% of deposits (peers 3.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.43% | 0.59% |
| Net charge-offs, annualized | 0.47% | 0.01% |
| Reserves to loans | 1.27% | 0.84% |
| Leverage ratio | 10.89% | 11.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Massachusetts
Largest competitors in Norfolk County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/needham