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.
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.
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!
My husband and I have been banking with Northwest Savings Bank for almost 4 years. Overall, we have been pretty satisfied with our experience with this bank. It was simple to open up a checking account with them, and we liked that it requires no fees to do so. The customer service is usually good. Sometimes it takes awhile to get ahold of the guy in charge of loans. We were able to get a personal loan to consolidate some debt, and we like the competitive interest rates this bank offers. Unfortunately, this bank was not able to help us with a mortgage. However, I would probably reccommend this bank to others.
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.
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.
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.
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.
|FDIC Certificate #||28178|
|Assets and Liabilities|
|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|
|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 Margin||3.54%|
|Return on Assets||0.69%|
|Return on Equity||5.15%|
|Interest Income||$77.20 million|
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|0.30%||$75k||-||IRA Tiered Money Fund|
|0.30%||$75k||-||Insured Money Fund|
|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|
|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|