42 North Private Bank
Canton, Massachusetts · FDIC Cert #27015
42 North Private Bank is an FDIC-insured bank (Certificate #27015) with $231M in total assets and $168M in total deposits as of the Q2 2024 Call Report. Headquartered in Canton, Massachusetts, the bank maintains a Tier 1 capital ratio of 14.96% (Well-Capitalized) and a nonperforming loan ratio of 1.57%. BankHealthData assigns a composite Health Grade of B (66/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
42 North Private Bank (FDIC cert 27015) is a community bank — $231M in total assets, $168M in deposits, serving the Canton, Massachusetts area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 14.96% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 1.57% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 15.3% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is negative: ROA of -1.77% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. 42 North Private Bank carries a composite BankHealth grade of B (66/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: 42 North Private Bank
- Total Assets
- $231M
- Total Deposits
- $168M
- Tier 1 Capital Ratio
- 14.96%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.57%
- Liquidity Ratio
- 15.29%
- Return on Assets
- -1.77%
- Headquarters
- Canton, Massachusetts
- FDIC Certificate
- #27015
- Health Grade
- B (66/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, 42 North Private Bank holds a Tier 1 capital ratio of 14.96%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning 42 North Private Bank has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
42 North Private Bank shows strong financial health indicators. With $231M in assets and a Health Score of 66/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How 42 North Private Bank Compares
42 North Private Bank’s Health Score of 66 is 2 points below the Massachusetts state average of 68 across 97 FDIC-insured banks. Its 14.96% Tier 1 capital ratio is 1.0 points above the US banking industry average near 14%. The 1.57% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -1.77% is below the national ROA benchmark of ~1.1%. Among 1544 similarly-sized banks, the average Health Score is 69, meaning this bank ranks below its size cohort. Site-wide, 42 North Private Bank is 4 points below the portfolio average of 70.
Frequently Asked Questions
42 North Private Bank has a Bank Health Score of B (66/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 14.96%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. 42 North Private Bank's Tier 1 capital ratio of 14.96% and nonperforming loan ratio of 1.57% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at 42 North Private Bank is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #27015). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
42 North Private Bank holds $231M in total assets and $168M in total deposits. It is headquartered in Canton, Massachusetts (FDIC Certificate #27015).
42 North Private Bank has a Tier 1 capital ratio of 14.96%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.57%, and the return on assets is -1.77%.
Yes. 42 North Private Bank is FDIC-insured (Certificate #27015). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
42 North Private Bank's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.