Northwestern Bank, National Association

Headquarters

4 North Main Street
Dilworth, MN 56529
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

Northwestern Bank, National Association is an FDIC insured institution located in Dilworth, MN. It was founded in 1915 and has approximately $0.15 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 9746
Date Established 1915
Assets $ 149.38 million
Loans $ 121.52 million
Deposits $ 128.24 million
Capital $ 15.94 million
 

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

Deposit Rates - September 26, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 26, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Northwestern Bank, National Association

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Virginia 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 Northwestern Bank, National Association
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Branches

Northwestern Bank, National Association 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


Northwestern Bank, National Association Locations


Financial Details

Northwestern Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northwestern Bank, National Association. 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
Northwestern Bank, National Association U.S. Bank Average
5.54% 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, Northwestern Bank, National Association had $533,000 in non-current loans and $435,000 in owned real estate. To cover these potential losses it had $15,940,000 in equity and $1,539,000 in loans loss reserves. That gives it a Texas Ratio of 5.54%.

Return on Equity
Northwestern Bank, National Association U.S. Bank Average
6.35% 7.80%

Northwestern Bank, National Association has a Return on Equity of 6.35% 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
Northwestern Bank, National Association U.S. Bank Average
10.67% 12.68%

Northwestern Bank, National Association has a Capitalization of 10.67% 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.

Northwestern Bank, National Association Balance Sheet Analysis

As of March 31, 2020, Northwestern Bank, National Association had assets of $149,379,000, loans of $121,515,000, and deposits of $128,236,000. 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 $ 9.05 million
Interest-bearing balances $ 6.92 million
Total securities $ 13.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 121.52 million
Loan loss allowance $ 1.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.44 million
Goodwill and other intangibles $ 1.37 million
All other assets $ 1.71 million
     Total Assets $ 133.44 million
LIABILITIES
Total deposits $ 128.24 million
      Interest-bearing deposits $ 106.90 million
      Deposits held in domestic offices $ 128.24 million
      % insured (estimated) 93.40%
Federal funds purchased and repurchase agreements $ 2.43 million
Trading liabilities N.A.
Other borrowed funds $ 2.00 million
Subordinated debt N.A.
All other liabilities $ 0.78 million
      Total Liabilities $ 133.44 million
      Shareholders’ Equity $ 15.94 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.01 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.77 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.16 million
Total non interest expense $ 1.62 million
Pre-tax Net Operating Income $ 0.25 million

Bank Loan Profile?

The top three loan types in Northwestern Bank, National Association’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks in Minnesota, Northwestern Bank, National Association has a significantly higher percent of Multifamily Mortgages 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 13.88
Multifamily
Mortgages
6.71
Credit Card Loans 0.00
Consumer Auto Loans 2.39
Small Business Loans 0.00
Construction and Development Loans 3.42
Commercial Real Estate 22.09
Commercial and Industrial Loans 17.09
Farm Loans 16.56

Frequently Asked Questions About Northwestern Bank, National Association

Branches and Savings

Is Northwestern Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #9746.

Why does Northwestern Bank, National Association pay such low interest on savings accounts?

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

Why are Northwestern Bank, National Association CD rates not competitive?

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

Is Northwestern Bank, National Association a commercial bank?

Yes

Where are Northwestern Bank, National Association locations?

See branch locations nearby.

Is Northwestern Bank, National Association open on Saturdays?

Is Northwestern Bank, National Association open on Sundays?

What time does Northwestern Bank, National Association open?

What time does Northwestern Bank, National Association close?

Are Northwestern Bank, National Association ATMs Open 24/7?

Do Northwestern Bank, National Association ATMs accept cash deposits?

Can Northwestern Bank, National Association customers use other ATMs?

Do Northwestern Bank, National Association branches have notaries?

Will Northwestern Bank, National Association notarize my document?

What address for Northwestern Bank, National Association should I put for incoming ACH transfers?

Will the Northwestern Bank, National Association branch print checks?

Do Northwestern Bank, National Association checks expire?

Does Northwestern Bank, National Association require US citizenship to open account?

Can Northwestern Bank, National Association close my account?

Does Northwestern Bank, National Association Report to credit bureaus?

Does Northwestern Bank, National Association Use Equifax?

What is Northwestern Bank, National Association's ACH Routing Number?

What is Northwestern Bank, National Association's SWIFT code?

Products

Does Northwestern Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Northwestern Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northwestern Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Northwestern Bank, National Association offer student loans?

Will Northwestern Bank, National Association cash a check?

Will Northwestern Bank, National Association redeem a savings bond?

Does Northwestern Bank, National Association cash savings bonds?

Will Northwestern Bank, National Association cash money orders?

Can Northwestern Bank, National Association issue a money order?

Does Northwestern Bank, National Association do currency exchange?

Background on The Bank

Who owns Northwestern Bank, National Association?

How long has Northwestern Bank, National Association been around?

Can Northwestern Bank, National Association transfer to other banks?

Does Northwestern Bank, National Association have quick pay?

Does Northwestern Bank, National Association accept rolled coins?

Will Northwestern Bank, National Association accept loose change?

Where is Northwestern Bank, National Association headquarters?

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