Northwest Community Bank

Headquarters

86 Main Street
Winsted, CT 06098
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 0.60% 1.55% →
2-Year CD 0.70% 1.45% →
5-Year CD 1.00% 1.66% →
30-Year Mortgage 4.18% 3.08% →
15-Year Mortgage 3.84% 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Northwest Community Bank is an FDIC insured institution located in Winsted, CT. It was founded in 1875 and has approximately $0.42 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 18229
Date Established 1875
Assets $ 417.93 million
Loans $ 301.04 million
Deposits $ 338.79 million
Capital $ 50.20 million
 

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

Deposit Rates - May 31, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $1 - Learn More
Money Market
0.10% $1 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $2,500 - Learn More
6 Mo CD
0.20% $2,500 - Learn More
Special: 9 Mo CD
0.50% $10,000 - Learn More
Special: 11 Mo CD
0.70% $2,500 - Learn More
Special: 12 Mo CD
0.60% $1,000 - Learn More
12 Mo CD
0.25% $1,000 - Learn More
18 Mo CD
0.25% $1,000 - Learn More
Special: 24 Mo CD
0.70% $1,000 - Learn More
24 Mo CD
0.35% $1,000 - Learn More
Special: 30 Mo CD
0.75% $1,000 - Learn More
30 Mo CD
0.35% $1,000 - Learn More
36 Mo CD
0.40% $1,000 - Learn More
48 Mo CD
0.60% $1,000 - Learn More
Special: 60 Mo CD
1.00% $1,000 - Learn More
60 Mo CD
0.70% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.25% $1,000 - Learn MoreShow Less
Special: 9 Mo FIRA
0.50% $10,000 - Learn MoreShow Less
Special: 11 Mo FIRA
0.70% $2,500 - Learn MoreShow Less
Special: 24 Mo FIRA
0.70% $1,000 - Learn MoreShow Less
Special: 30 Mo FIRA
0.75% $1,000 - Learn MoreShow Less
Special: 60 Mo FIRA
1.00% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - May 31, 2020

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.00% 5.00% $749.27
4 Year 5.25% 5.25% $578.57
5 Year 5.50% 5.50% $477.53
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Northwest Community Bank 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:
Ashburn,Virginia


Northwest Community Bank Locations


Financial Details

Northwest Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northwest Community Bank. 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 Community Bank U.S. Bank Average
2.43% 6.51%

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 December 31, 2019, Northwest Community Bank had $1,292,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $50,195,000 in equity and $3,072,000 in loans loss reserves. That gives it a Texas Ratio of 2.43%.

Return on Equity
Northwest Community Bank U.S. Bank Average
8.09% 9.41%

Northwest Community Bank has a Return on Equity of 8.09% versus the BestCashCow average of 9.41%. 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 Community Bank U.S. Bank Average
12.01% 12.82%

Northwest Community Bank has a Capitalization of 12.01% versus the BestCashCow average of 12.82. 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 Community Bank Balance Sheet Analysis

As of December 31, 2019, Northwest Community Bank had assets of $417,934,000, loans of $301,042,000, and deposits of $338,792,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 21.24 million
Interest-bearing balances $ 16.29 million
Total securities $ 75.49 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 301.04 million
Loan loss allowance $ 3.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.19 million
All other assets $ 18.01 million
     Total Assets $ 367.74 million
LIABILITIES
Total deposits $ 338.79 million
      Interest-bearing deposits $ 277.58 million
      Deposits held in domestic offices $ 338.79 million
      % insured (estimated) 73.97%
Federal funds purchased and repurchase agreements $ 0.20 million
Trading liabilities N.A.
Other borrowed funds $ 24.28 million
Subordinated debt N.A.
All other liabilities $ 4.47 million
      Total Liabilities $ 367.74 million
      Shareholders’ Equity $ 50.20 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 14.88 million
Total Interest Expense $ 3.50 million
Net interest income $ 11.37 million
Provision for loan and lease losses $ 0.19 million
Total non interest income $ 1.41 million
Total non interest expense $ 9.45 million
Pre-tax Net Operating Income $ 3.15 million

Bank Loan Profile?

The top three loan types in Northwest Community Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Connecticut, Northwest Community Bank has a significantly higher percent of Consumer Auto Loans, Farm Loans 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 68.78
Multifamily
Mortgages
2.86
Credit Card Loans 0.00
Consumer Auto Loans 3.18
Small Business Loans 8.94
Construction and Development Loans 2.19
Commercial Real Estate 17.31
Commercial and Industrial Loans 4.94
Farm Loans 0.41

Frequently Asked Questions About Northwest Community Bank

Branches and Savings

Is Northwest Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18229.

Why does Northwest Community Bank pay such low interest on savings accounts?

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

Why are Northwest Community Bank CD rates not competitive?

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

Is Northwest Community Bank a commercial bank?

Yes

Where are Northwest Community Bank locations?

See branch locations nearby.

Is Northwest Community Bank open on Saturdays?

Is Northwest Community Bank open on Sundays?

What time does Northwest Community Bank open?

What time does Northwest Community Bank close?

Are Northwest Community Bank ATMs Open 24/7?

Do Northwest Community Bank ATMs accept cash deposits?

Can Northwest Community Bank customers use other ATMs?

Do Northwest Community Bank branches have notaries?

Will Northwest Community Bank notarize my document?

What address for Northwest Community Bank should I put for incoming ACH transfers?

Will the Northwest Community Bank branch print checks?

Do Northwest Community Bank checks expire?

Does Northwest Community Bank require US citizenship to open account?

Can Northwest Community Bank close my account?

Does Northwest Community Bank Report to credit bureaus?

Does Northwest Community Bank Use Equifax?

What is Northwest Community Bank's ACH Routing Number?

What is Northwest Community Bank's SWIFT code?

Products

Does Northwest Community Bank offer mortgages?

Compare mortgage rates here.

Does Northwest Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northwest Community Bank offer personal loans?

Compare personal loan rates here.

Does Northwest Community Bank offer student loans?

Will Northwest Community Bank cash a check?

Will Northwest Community Bank redeem a savings bond?

Does Northwest Community Bank cash savings bonds?

Will Northwest Community Bank cash money orders?

Can Northwest Community Bank issue a money order?

Does Northwest Community Bank do currency exchange?

Background on The Bank

Who owns Northwest Community Bank?

How long has Northwest Community Bank been around?

Can Northwest Community Bank transfer to other banks?

Does Northwest Community Bank have quick pay?

Does Northwest Community Bank accept rolled coins?

Will Northwest Community Bank accept loose change?

Where is Northwest Community Bank headquarters?

Customer Reviews for Northwest Community Bank

There are currently no comments for Northwest Community Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →