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  2. Northwest Bank of Rockford

Northwest Bank of Rockford


Overview / Commentary
www.nwbrockford.com
815-987-4550
3106 North Rockton Avenue
Rockford, IL 61103

Northwest Bank of Rockford is headquartered in Rockford and is the 130th largest bank in the state of Illinois. It is also the 2,243rd largest bank in the nation. It was established in 1972 and as of December of 2019, it had grown to 75 employees at 5 locations. Northwest Bank of Rockford has an A health rating.

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Health
A

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #20666
Year Established1972
Employees75
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.65%
Annual Interest Income$12.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$295.0MM$276.1MM
LoansQ4 2019vs Q4 2018$209.4MM$207.2MM
DepositsQ4 2019vs Q4 2018$252.9MM$233.1MM
Equity CapitalQ4 2019vs Q4 2018$27.6MM$26.7MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.5MM$2.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.3MM$4.3MM
Real Estate OwnedQ4 2019vs Q4 2018$0$332.00K
Rates
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Northwest Bank of Rockford Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*-$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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