Northwest Bank of Rockford


Overview / Commentary
815-987-4550
3106 North Rockton Avenue
Rockford, IL 61103

Northwest Bank of Rockford is headquartered in Rockford and is the 126th largest bank in the state of Illinois. It is also the 2,131st largest bank in the nation. It was established in 1972 and as of June of 2020, it had grown to 78 employees at 4 locations. Northwest Bank of Rockford has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #20666
Year Established1972
Employees78
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.22%
Return on Equity - YTD-2.49%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$344.0MM$295.6MM
LoansQ2 2020vs Q2 2019$260.7MM$214.4MM
DepositsQ2 2020vs Q2 2019$294.6MM$254.0MM
Equity CapitalQ2 2020vs Q2 2019$28.5MM$27.9MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.0MM$2.9MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$6.5MM$5.4MM
Real Estate OwnedQ2 2020vs Q2 2019$0$484.00K
Rates
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Northwest Bank of Rockford Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$15kMyRewards Checking - Qualifying
OTHER TIERS: 0.15% $15k+
0.00%--MyRewards Checking - Non Qualifying
Locations


Northwest Bank of Rockford Locations
Machesney Park Branch1100 Ralston RoadMachesney Park, IL 61115
Springstead Facility125 Phelps AvenueRockford, IL 61108
Northwest Bank Of Rockford3106 North Rockton AvenueRockford, IL 61101
Perryville Office4402 Peak DriveLoves Park, IL 61111

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