Northeast Bank (Northeast Bank) Mortgage Backed Securities (USD Mil) : 19.81 (As of Mar. 2019)

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What is Northeast Bank Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

Northeast Bank's Mortgage Backed Securities (USD Mil) for the quarter that ended in Mar. 2019 was 19.81 , which is lower than 21.11 for the pervious quarter ended in Dec. 2018.

Northeast Bank's Mortgage Backed Securities (USD Mil) for the annual that ended in Jun. 2018 was 24.18 , which is lower than 32.90 for the pervious year ended in Jun. 2017.

The historical rank and industry rank for Northeast Bank's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

Northeast Bank Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Northeast Bank's Mortgage Backed Securities (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northeast Bank Mortgage Backed Securities (USD Mil) Chart

Northeast Bank Annual Data

Trend

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Jun18

Mortgage Backed Securities (USD Mil)

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Average Interest Earning Assets (USD Mil)

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Commercial Business Loans (USD Mil)

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Residential Mortgage Loans (USD Mil)

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Commercial Mortgage Loans (USD Mil)

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Northeast BankQuarterly Data

Trend

Jun16

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Mar17

Jun17

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Jun18

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Mar19

Mortgage Backed Securities (USD Mil)

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Average Interest Earning Assets (USD Mil)

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Commercial Business Loans (USD Mil)

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Residential Mortgage Loans (USD Mil)

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Commercial Mortgage Loans (USD Mil)

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Competitive Comparison of Northeast Bank's Mortgage Backed Securities (USD Mil)

For the Banks - Regional subindustry, Northeast Bank's Mortgage Backed Securities (USD Mil), along with its competitors' market caps and Mortgage Backed Securities (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northeast Bank (NAS:NBN) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

Northeast Bank Mortgage Backed Securities (USD Mil) Related Terms

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Northeast Bank (Northeast Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northeast Bank (NAS:NBN) » Definitions » Mortgage Backed Securities (USD Mil)

Comparable Companies

Traded in Other Exchanges

73K:Germany

Address

27 Pearl Street, Portland, ME, USA, 04101

Website

https://www.northeastbank.com

Northeast Bank provides banking and financial services to individual and corporate customers in the US. The firm conducts its loan-related activities through three primary channels: the Community Banking Division, the Loan Acquisition and Servicing Group, and the Small Business Administration Division. Its loan portfolio comprises residential mortgage loans; multi-family and other commercial real estate loans; commercial and industrial loans, consumer loans and small business administration loans. The firm also provides telephone banking, online banking, mobile banking, and remote deposit capture services. The revenue of the company is derived primarily from interest and dividends from the bank.

Executives

Richard Wayne	director, officer: Chief Executive Officer	C/O CAPITAL CROSSING PREFERRED CORP, 101 SUMMER ST, BOSTON MA 02110
Jean-pierre Lapointe	officer: CFO / TREASURER	C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240
Julie Jenkins	officer: SVP/Director of Operations	C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240
David Allen Tanner	director	C/O ARLON GROUP LLC, 277 PARK AVE, NEW YORK NY 10172
Patrick D Dignan	officer: Executive Vice President	C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240
Peter Walter Mcclean	director	C/O PNMAC CAPITAL MANAGEMENT, LLC, 27001 AGOURA ROAD, CALABASAS CA 91301
Magnolia Capital Fund, Lp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Magnolia Group, Llc	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Adam K Peterson	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Lindsay Wiedemann	officer: Corporate Controller	C/O NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240
Claire S Bean	officer: CFO and COO	C/O BENJAMIN FRANKLIN BANK, 58 MAIN STREET, P.O. BOX 309, FRANKLIN MA 02038-0309
Brian Pinheiro	officer: Chief Risk Officer	NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240-6594
Brian W. Shaughnessy	officer: Chief Financial Officer	NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240-6594
John C Orestis	director	NORTHEAST BANK, 500 CANAL STREET, LEWISTON ME 04240
William F. Difulvio	officer: Chief Risk Officer	NORTHEAST BANCORP, 500 CANAL STREET, LEWISTON ME 04240