Northwest Bank of Rockford


Overview / Commentary
815-987-4550
3106 N. Rockton Ave.
Rockford, IL 61101

Northwest Bank of Rockford is headquartered in Rockford and is the 123rd largest bank in the state of Illinois. It is also the 2,181st 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+

Health Grade Components

Overall
FDIC Certificate #20666
Year Established1972
Employees70
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD10.87%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$368.0MM$389.4MM
LoansQ1 2022vs Q1 2021$222.8MM$229.3MM
DepositsQ1 2022vs Q1 2021$328.6MM$341.3MM
Equity CapitalQ1 2022vs Q1 2021$31.0MM$30.8MM
Loan Loss AllowanceQ1 2022vs Q1 2021$2.8MM$3.0MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$485.00K$807.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Northwest Bank of Rockford Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*-$15kMyRewards Checking
OTHER TIERS: 0.15% $15k+
Locations


Northwest Bank of Rockford Locations
Machesney Park Branch1100 Ralston RoadMachesney Park, IL 61115
Springstead Facility125 Phelps AvenueRockford, IL 61108
Northwest Bank Of Rockford3106 N Rockton AveRockford, IL 61103
Perryville Office4402 Peak DriveLoves Park, IL 61111

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