Net Interest Margins Making Life Challenging for Bankers
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| Lowell-based Butler Bank, which reportedly has the second-highest net interest margin among Massachusetts banks, has its focus on short-term loans to thank for that position. |
By Andrea Gregory
Massachusetts banks have watched net interest margins decline over the last decade. Some industry watchers say they are about as low as they can go, and others say the shrinking margins have added to the competitiveness of the banking business. As attracting core deposits becomes more of a challenge, short-term interest rates go up and bankers are faced with a flattening yield curve, net interest margins feel pressure.
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