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  2. Northwest Bank of Rockford

Northwest Bank of Rockford


Overview / Commentary
www.nwbrockford.com
815-987-4550
3106 N. Rockton Ave.
Rockford, IL 61101

Northwest Bank of Rockford is headquartered in Rockford and is the 131st largest bank in the state of Illinois. It is also the 2,236th largest bank in the nation. It was established in 1972 and as of June of 2022, it had grown to 75 employees at 4 locations. Northwest Bank of Rockford has a B health rating.

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Health
B

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #20666
Year Established1972
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD12.95%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$350.5MM$368.0MM
LoansQ2 2022vs Q2 2021$227.0MM$227.9MM
DepositsQ2 2022vs Q2 2021$315.2MM$320.2MM
Equity CapitalQ2 2022vs Q2 2021$28.1MM$31.8MM
Loan Loss AllowanceQ2 2022vs Q2 2021$2.8MM$2.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.7MM$839.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates
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Northwest Bank of Rockford Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*-$15kMyRewards Checking
OTHER TIERS: 0.15% → $15k+
Locations


Northwest Bank of Rockford Locations
Machesney Park Branch1100 Ralston RoadMachesney Park, IL 61115
Springstead Facility125 Phelps AvenueRockford, IL 61108
Northwest Bank Of Rockford3106 N Rockton AveRockford, IL 61103
Perryville Office4402 Peak DriveLoves Park, IL 61111

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