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877-672-5678
Second At Liberty
Warren, PA 16365

Northwest Savings Bank is headquartered in Warren and is the 7th largest bank in the state of Pennsylvania. It is also the 125th largest bank in the nation. It was established in 1896 and as of March of 2014, it had grown to 2,050 employees at 168 locations. Northwest Savings Bank has a B+ health rating.

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$200 Checking Account Bonus at Northwest Savings Bank in NY, PA, OH & MD - 3/24/2014

It has been awhile since I last reported on a checking account bonus at Northwest Savings Bank . I’m glad to see the bank is again offering a bonus, and it’s a nice bonus for a free checking account. ...



Reviews (2)

Hometown bank, big bank skills

This Pittsburgh has always been able to handle all of my personal banking needs. I've run into very few problems here and have no intention of leaving. I've grown accustomed to them and feel like I am a valued guest whenever I walk in. There's nothing I feel they wouldn't do for me in order to get done what I need done. The team there almost becomes family as we see each other and we chat about the things going on in our lives. This bank has everything bigger banks have but more charm.

Refinance A Cluster!

We refinanced a loan through Northwest Savings Bank twice! They screwed the loan up so much that they never paid our taxes and our taxes became default. We had to come up with the money for the taxes after they gave us the loan that was suppose to cover them. As soon as we can refinance again we are leaving!



Health

Data for Q1 2014

Institution Health

B+

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 Savings Bank had $125.81 million in non-current loans and owned real-estate with $1.16 billion in equity and loan loss allowances on hand to cover it. This gives Northwest Savings Bank a Texas Ratio of 10.88% 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 Savings Bank decreased slightly from 13.87% as of March 31, 2013 to 10.88% as of March 31, 2014, resulting in a positive change of 21.59%.This indicates that the balance sheet and financial strength for Northwest Savings Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Northwest Savings Bank has decreased its total deposits by -$67.36 million, resulting in -1.11% 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 Savings Bank has shown is average.

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 Savings Bank has $8.02 billion in assets with $1.16 billion in equity, resulting in a capitalization level of 14.43%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #28178
Year Established1896
Employees2050
Primary RegulatorFDIC
Assets and Liabilities
Assets$8.02 billion
Loans$5.79 billion
Deposits$6.00 billion
Equity Capital$1.08 billion
Loan Loss Allowance$76.23 million
Unbacked Noncurrent Loans$109.08 million
Real Estate Owned$16.73 million
Historic Data - March 2013
Assets$8.00 billion
Equity Capital$1.01 billion
Loan Loss Allowance$72.01 million
Unbacked Noncurrent Loans$109.08 million
Real Estate Owned$24.08 million
Profit Margin - Quarterly
Net Interest Margin3.54%
Return on Assets0.69%
Return on Equity5.15%
Interest Income$77.20 million
Rates

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

Northwest Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$75k-IRA Tiered Money Fund
0.10%--Holiday Club
0.10%--Vacation Club
0.10%$25-Passbook Savings
0.10%$100-Statement Savings

Northwest Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$75k-Insured Money Fund

Northwest Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Interest Checking

Northwest Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$500-72 - 120 Month CD
0.75%$500-60 - 71 Month CD
0.60%$500-48 - 59 Month CD
0.55%$500-36 - 47 Month Promotional CD
0.45%$500-36 - 47 Month CD
0.40%$500-30 - 35 Month CD
0.35%$500-18 Month Promotional CD
0.30%$500-24 - 29 Month CD
0.30%$500-12 - 17 Month Promotional CD
0.25%$500-18 - 23 Month CD
0.20%$500-12 - 17 Month CD

Northwest Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$500-72 - 120 Month IRA
0.75%$500-60 - 71 Month IRA
0.60%$500-48 - 59 Month IRA
0.55%$500-36 - 47 Month Promotional IRA
0.45%$500-36 - 47 Month IRA
0.40%$500-30 - 35 Month IRA
0.35%$500-18 Month Promotional IRA
0.30%$500-24 - 29 Month IRA
0.30%$500-12 - 17 Month Promotional IRA
0.25%$500-18 - 23 Month IRA
0.25%$25-18 Month Variable IRA
0.20%$500-12 - 17 Month IRA
Locations

Northwest Savings Bank has 167 locations. Click to view all Northwest Savings Bank locations.