Northwest Bank & Trust Company

Headquarters

100 East Kimberly Road
Davenport, IA 52806
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Northwest Bank & Trust Company is an FDIC insured institution located in Davenport, IA. It was founded in 1941 and has approximately $0.17 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 15830
Date Established 1941
Assets $ 173.20 million
Loans $ 113.95 million
Deposits $ 144.73 million
Capital $ 17.17 million
 

For a more detailed analysis of Northwest Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Northwest Bank & Trust Company

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Northwest Bank & Trust Company
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Branches

Northwest Bank & Trust Company branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Northwest Bank & Trust Company Locations


Financial Details

Northwest Bank & Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northwest Bank & Trust Company. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northwest Bank & Trust Company U.S. Bank Average
27.13% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Northwest Bank & Trust Company had $2,956,000 in non-current loans and $2,107,000 in owned real estate. To cover these potential losses it had $17,174,000 in equity and $1,491,000 in loans loss reserves. That gives it a Texas Ratio of 27.13%.

Return on Equity
Northwest Bank & Trust Company U.S. Bank Average
13.75% 7.80%

Northwest Bank & Trust Company has a Return on Equity of 13.75% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Northwest Bank & Trust Company U.S. Bank Average
9.92% 12.68%

Northwest Bank & Trust Company has a Capitalization of 9.92% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Northwest Bank & Trust Company Balance Sheet Analysis

As of March 31, 2020, Northwest Bank & Trust Company had assets of $173,200,000, loans of $113,950,000, and deposits of $144,732,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 36.75 million
Interest-bearing balances $ 33.17 million
Total securities $ 6.39 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 113.95 million
Loan loss allowance $ 1.49 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.11 million
Goodwill and other intangibles N.A.
All other assets $ 4.03 million
     Total Assets $ 156.03 million
LIABILITIES
Total deposits $ 144.73 million
      Interest-bearing deposits $ 107.51 million
      Deposits held in domestic offices $ 144.73 million
      % insured (estimated) 93.24%
Federal funds purchased and repurchase agreements $ 2.31 million
Trading liabilities N.A.
Other borrowed funds $ 8.00 million
Subordinated debt N.A.
All other liabilities $ 0.98 million
      Total Liabilities $ 156.03 million
      Shareholders’ Equity $ 17.17 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.72 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.47 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.34 million
Total non interest expense $ 2.20 million
Pre-tax Net Operating Income $ 0.62 million

Bank Loan Profile?

The top three loan types in Northwest Bank & Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Iowa, Northwest Bank & Trust Company has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 23.81
Multifamily
Mortgages
5.45
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 0.00
Construction and Development Loans 20.86
Commercial Real Estate 31.84
Commercial and Industrial Loans 18.53
Farm Loans 0.00

Frequently Asked Questions About Northwest Bank & Trust Company

Branches and Savings

Is Northwest Bank & Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #15830.

Why does Northwest Bank & Trust Company pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northwest Bank & Trust Company CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northwest Bank & Trust Company a commercial bank?

Yes

Where are Northwest Bank & Trust Company locations?

See branch locations nearby.

Is Northwest Bank & Trust Company open on Saturdays?

Is Northwest Bank & Trust Company open on Sundays?

What time does Northwest Bank & Trust Company open?

What time does Northwest Bank & Trust Company close?

Are Northwest Bank & Trust Company ATMs Open 24/7?

Do Northwest Bank & Trust Company ATMs accept cash deposits?

Can Northwest Bank & Trust Company customers use other ATMs?

Do Northwest Bank & Trust Company branches have notaries?

Will Northwest Bank & Trust Company notarize my document?

What address for Northwest Bank & Trust Company should I put for incoming ACH transfers?

Will the Northwest Bank & Trust Company branch print checks?

Do Northwest Bank & Trust Company checks expire?

Does Northwest Bank & Trust Company require US citizenship to open account?

Can Northwest Bank & Trust Company close my account?

Does Northwest Bank & Trust Company Report to credit bureaus?

Does Northwest Bank & Trust Company Use Equifax?

What is Northwest Bank & Trust Company's ACH Routing Number?

What is Northwest Bank & Trust Company's SWIFT code?

Products

Does Northwest Bank & Trust Company offer mortgages?

Compare mortgage rates here.

Does Northwest Bank & Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northwest Bank & Trust Company offer personal loans?

Compare personal loan rates here.

Does Northwest Bank & Trust Company offer student loans?

Will Northwest Bank & Trust Company cash a check?

Will Northwest Bank & Trust Company redeem a savings bond?

Does Northwest Bank & Trust Company cash savings bonds?

Will Northwest Bank & Trust Company cash money orders?

Can Northwest Bank & Trust Company issue a money order?

Does Northwest Bank & Trust Company do currency exchange?

Background on The Bank

Who owns Northwest Bank & Trust Company?

How long has Northwest Bank & Trust Company been around?

Can Northwest Bank & Trust Company transfer to other banks?

Does Northwest Bank & Trust Company have quick pay?

Does Northwest Bank & Trust Company accept rolled coins?

Will Northwest Bank & Trust Company accept loose change?

Where is Northwest Bank & Trust Company headquarters?

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