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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 126th largest bank in the state of Illinois. It is also the 2,137th largest bank in the nation. It was established in 1972 and as of December of 2020, it had grown to 77 employees at 4 locations. Northwest Bank of Rockford has an A health rating.

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Health
A

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #20666
Year Established1972
Employees77
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD6.83%
Annual Interest Income$13.3MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$353.0MM$295.0MM
LoansQ4 2020vs Q4 2019$229.3MM$209.4MM
DepositsQ4 2020vs Q4 2019$303.0MM$252.9MM
Equity CapitalQ4 2020vs Q4 2019$30.5MM$27.6MM
Loan Loss AllowanceQ4 2020vs Q4 2019$2.9MM$2.5MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$950.00K$1.3MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Northwest Bank of Rockford Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*-$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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