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Overview / Commentary
860-379-7561
86 Main Street
Winsted, CT 06098

Northwest Community Bank is headquartered in Winsted and is the 30th largest bank in the state of Connecticut. It is also the 1,976th largest bank in the nation. It was established in 1875 and as of March of 2014, it had grown to 69 employees at 7 locations. Northwest Community Bank's savings rates are 10X the national average, and it boasts a A+ health rating.

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Competitive CD Specials at Northwest Community Bank in Connecticut - 2/14/2014

Northwest Community Bank in Connecticut is offering very competitive rates on two CD specials. One is a 5-year CD with a 2.28% APY, and the other is a 18-month CD with a 1.25% APY. The 5-year CD requi ...

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Northwest Community Bank had $1.86 million in non-current loans and owned real-estate with $39.68 million in equity and loan loss allowances on hand to cover it. This gives Northwest Community Bank a Texas Ratio of 4.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Northwest Community Bank decreased slightly from 5.48% as of March 31, 2013 to 4.68% as of March 31, 2014, resulting in a positive change of 14.62%.This indicates that the balance sheet and financial strength for Northwest Community Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Northwest Community Bank has increased its total deposits by $13.58 million, resulting in 6% 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 Northwest Community Bank has shown is excellent.

Capitalization

GRADE:
A

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. Northwest Community Bank has $332.34 million in assets with $39.68 million in equity, resulting in a capitalization level of 11.94%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #18229
Year Established1875
Employees69
Primary RegulatorFDIC
Assets and Liabilities
Assets$332.34 million
Loans$201.94 million
Deposits$239.76 million
Equity Capital$37.66 million
Loan Loss Allowance$2.02 million
Unbacked Noncurrent Loans$1.86 million
Real Estate Owned$0
Historic Data - March 2013
Assets$323.11 million
Equity Capital$38.50 million
Loan Loss Allowance$2.04 million
Unbacked Noncurrent Loans$1.86 million
Real Estate Owned$720,000
Profit Margin - Quarterly
Net Interest Margin2.98%
Return on Assets0.2%
Return on Equity1.72%
Interest Income$2.74 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Northwest Community Bank, we are a rate comparison website and can not provide official rates or promotions.

Northwest Community Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
5.00%-$1kSchool Savings Club
0.10%$50-Regular Savings
0.05%--Holiday Club
0.05%--Vacation Club

Northwest Community Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$750k-Platinum MMDA
0.15%$100k-Premium MMDA
0.10%$2,500-MMDA

Northwest Community Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$500k-Sweep Account
0.05%$50-Now Account
0.05%--Business Checking Interest

Northwest Community Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.77%$10k-60 Month CD Special
0.80%$10k-60 Month Premium Time CD
0.80%$1k-60 Month Time CD
0.70%$10k-48-59 Month Premium Time CD
0.70%$1k-24 Month CD Special "Statement"
0.70%$1k-48-59 Month Time CD
0.45%$10k-36-47 Month Premium Time CD
0.45%$1k-36-47 Month Time CD
0.40%$10k-24-35 Month Premium Time CD
0.40%$1k-24-35 Month Time CD
0.30%$10k-12-23 Month Premium Time CD
0.30%$1k-12-23 Month Time CD
0.25%$10k-182-364 Day Premium Time CD
0.25%$2,500-182-364 Day Time CD
0.20%$10k-91-149 Day Premium Time CD
0.20%$10k-150-181 Day Premium Time CD
0.20%$2,500-150-181 Day Time CD
0.20%$10k-60-90 Day Premium Time CD
0.20%$2,500-60-90 Day Time CD
0.20%$2,500-91-149 Day Time CD
0.15%$10k-30-59 Day Premium Time CD
0.15%$2,500-30-59 Day Time CD

Northwest Community Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.80%$10k-60 Month Premium IRA
0.80%$1k-60 Month Time IRA
0.70%$10k-48-59 Month Premium IRA
0.70%$1k-48-59 Month Time IRA
0.45%$10k-36-47 Month Premium IRA
0.45%$1k-36-47 Month Time IRA
0.40%$10k-24-35 Month Premium IRA
0.40%$1k-24-35 Month Time IRA
0.30%$1k-12-23 Month IRA
0.30%$10k-12-23 Month Premium IRA
0.25%$2,500-182-364 Day IRA
0.25%$10k-182-364 Day Premium IRA
0.20%$10k-91-149 Day Premium IRA
0.20%$2,500-150-181 Day IRA
0.20%$10k-150-181 Day Premium IRA
0.20%$10k-60-90 Day Premium IRA
0.20%$2,500-60-90 Day Time IRA
0.20%$2,500-91-149 Day Time IRA
0.15%$10k-30-59 Day Premium IRA
0.15%$2,500-30-59 Day Time IRA
Locations


Northwest Community Bank Locations
Regional #7 Branch100 Battistoni RoadWinsted, CT 6098
Avon Branch101 Simsbury RoadAvon, CT 6001
New Hartford Branch141b Main StreetNew Hartford, CT 6057
Torrington Branch249 Winsted Road, Plaza Park NorthTorrington, CT 6790
Granby Branch33 Hartford AvenueGranby, CT 6035
East Granby Branch8 School StreetEast Granby, CT 6026
Northwest Community Bank86 Main StreetWinsted, CT 6098