Average User Rating:
1 star rating based on 1 review.

Northway Bank

9 Main Street
Berlin, NH 3570
800-442-6666
www.northwaybank.com

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Northway Bank is headquartered in Berlin and is the 4^th largest bank in the state of New Hampshire. It is also the 804^th largest bank in the nation. It was established in 1934 and as of March of 2012, it had grown to 211 employees at 17 locations. Northway Bank has a 3-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Northway Bank Checking Account Rates

Apy	Min	Max	Product
1.29%	-	-	TrueNorth Relationship Checking Account
0.05%	$1k	-	True Rewards Checking Account
0.01%	$1,500	-	Business NOW

Northway Bank Savings Account Rates

	Apy	Min	Max	Product
	0.10%	$100	-	Statement Savings

Northway Bank Money Market Rates

Apy	Min	Max	Product
0.90%	$150k	-	Money Market Relationship Account
0.65%	$150k	-	Money Market Account

Northway Bank CD Rates

Apy	Min	Max	Product
2.25%	$2,500	-	60 Month Relationship CD
2.00%	$2,500	-	60 Month CD
1.75%	$2,500	-	49-60 Month Relationship CD
1.50%	$2,500	-	49-60 Month CD
1.50%	$2,500	-	37-48 Month Relationship CD
1.25%	$2,500	-	37-48 Month CD
1.15%	$2,500	-	25-36 Month Relationship CD
1.00%	$2,500	-	19-24 Month Relationship CD
0.89%	$2,500	-	25-36 Month CD
0.75%	$2,500	-	19-24 Month CD
0.75%	$500	$5k	6 Month Smart Saver CD
0.75%	$2,500	-	6 Month Relationship CD
0.65%	$2,500	-	12-18 Month Relationship CD
0.50%	$2,500	-	6 Month CD
0.50%	$2,500	-	3 Month Relationship CD
0.40%	$2,500	-	12-18 Month CD
0.25%	$2,500	-	3 Month CD

Northway Bank IRA Rates

Apy	Min	Max	Product
2.25%	$1k	-	61-72 Month Relationship IRA
2.25%	$1k	-	61-72 Month Relationship Roth IRA
2.00%	$1k	-	61-72 Month IRA
2.00%	$1k	-	61-72 Month Roth IRA
1.75%	$1k	-	49-60 Month Relationship IRA
1.75%	$1k	-	49-60 Month Relationship Roth IRA
1.50%	$1k	-	49-60 Month IRA
1.50%	$1k	-	37-48 Month Relationship IRA
1.50%	$1k	-	37-48 Month Relationship Roth IRA
1.50%	$1k	-	49-60 Month Roth IRA
1.25%	$1k	-	37-48 Month IRA
1.25%	$1k	-	37-48 Month Roth IRA
1.15%	$1k	-	25-36 Month Relationship IRA
1.15%	$1k	-	25-36 Month Relationship Roth IRA
1.00%	$1k	-	19-24 Month Relationship IRA
1.00%	$1k	-	19-24 Month Relationship Roth IRA
0.89%	$1k	-	25-36 Month IRA
0.89%	$1k	-	25-36 Month Roth IRA
0.75%	$1k	-	19-24 Month IRA
0.75%	$1k	-	6 Month Relationship IRA
0.75%	$1k	-	6 Month Relationship Roth IRA
0.75%	$1k	-	19-24 Month Roth IRA
0.65%	$1k	-	12-18 Month Relationship IRA
0.65%	$1k	-	12-18 Month Relationship Roth IRA
0.50%	$1k	-	6 Month IRA
0.50%	$1k	-	6 Month Roth IRA
0.40%	$1k	-	12-18 Month IRA
0.40%	$1k	-	12-18 Month Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Northway Bank
FDIC Certificate #	14240
BankRate Report	View
Year Established	1934
Employees	211
Primary Regulator	FDIC
Assets and Liabilities
Assets	$814.80 million
Loans	$509.89 million
Deposits	$625.39 million
Equity Capital	$84.91 million
Loan Loss Allowance	$11.03 million
Unbacked Noncurrent Loans	$16.63 million
Real Estate Owned	$909,000
Historic Data - March 2011
Assets	$825.60 million
Equity Capital	$70.09 million
Loan Loss Allowance	$9.13 million
Unbacked Noncurrent Loans	$19.92 million
Real Estate Owned	$1.78 million
Profit Margin - Quarterly
Net Interest Margin	3.48%
Return on Assets	0.72%
Return on Equity	6.93%
Interest Income	$8.21 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Northway Bank had $17.54 million in non-current loans and owned real-estate with $95.94 million in equity and loan loss allowances on hand to cover it. This gives Northway Bank a Texas Ratio of 18.28% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Northway Bank decreased slightly from 27.71% as of March 31, 2011 to 18.28% as of March 31, 2012, resulting in a positive change of 34.03%.This indicates that the balance sheet and financial strength for Northway Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Northway Bank has decreased its total deposits by -$11.84 million, resulting in -1.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northway Bank has shown is below average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northway Bank has $814.8 million in assets with $95.94 million in equity, resulting in a capitalization level of 11.77%, which is above average.

not the best
1 stars

- goodbanker33 - Saturday, June 25, 2011 - 11:42 PM

after many problems with this bank, i have concluded that there are many other banking facilities who are a lot better, and it is a good idea for new members to really weight the options and make the best decisions. northway has good aspects, but many bad ones as well. if you are a fast-paced person who wants their money now - don't count on this bank. overall, i am not too pleased but that has been my own personal experience.