Northwest Bank of Rockford

Overview / Commentary
3106 N. Rockton Ave.
Rockford, IL 61101

Northwest Bank of Rockford is headquartered in Rockford and is the 120th largest bank in the state of Illinois. It is also the 2,062nd largest bank in the nation. It was established in 1972 and as of September of 2021, it had grown to 71 employees at 4 locations. Northwest Bank of Rockford has an A health rating.


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Health Grade Components

FDIC Certificate #20666
Year Established1972
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD12.19%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$397.9MM$338.5MM
LoansQ3 2021vs Q3 2020$223.2MM$262.7MM
DepositsQ3 2021vs Q3 2020$324.6MM$283.7MM
Equity CapitalQ3 2021vs Q3 2020$33.0MM$29.3MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.8MM$3.0MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$516.00K$1.3MM
Real Estate OwnedQ3 2021vs Q3 2020$0$0
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Northwest Bank of Rockford Checking Account Rates

0.60%*-$15kMyRewards Checking - Qualifying
OTHER TIERS: 0.15% $15k+
0.00%--MyRewards Checking - Non Qualifying

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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