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 123^rd largest bank in the state of Illinois. It is also the 2,181^st largest bank in the nation. It was established in 1972 and as of March of 2022, it had grown to 70 employees at 4 locations. Northwest Bank of Rockford has a B+ health rating.

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Health

B+

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	20666
Year Established	1972
Employees	70
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.94%
Return on Equity - YTD	10.87%
Annual Interest Income	$3.0MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$368.0MM$389.4MM
Loans	Q1 2022vs Q1 2021	$222.8MM$229.3MM
Deposits	Q1 2022vs Q1 2021	$328.6MM$341.3MM
Equity Capital	Q1 2022vs Q1 2021	$31.0MM$30.8MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$2.8MM$3.0MM
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$485.00K$807.00K
Real Estate Owned	Q1 2022vs Q1 2021	$0$0

Rates

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwest Bank of Rockford Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.60%^*	-	$15k	MyRewards Checking
OTHER TIERS: 0.15% → $15k+

Locations

Northwest Bank of Rockford Locations
Machesney Park Branch	1100 Ralston Road	Machesney Park, IL 61115
Springstead Facility	125 Phelps Avenue	Rockford, IL 61108
Northwest Bank Of Rockford	3106 N Rockton Ave	Rockford, IL 61103
Perryville Office	4402 Peak Drive	Loves Park, IL 61111

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