Northwest Bank is headquartered in Spencer and is the 8th largest bank in the state of Iowa. It is also the 528th largest bank in the nation. It was established in 1988 and as of September of 2018, it had grown to 302 employees at 20 locations. Northwest Bank has an A health rating.
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Northwest bank review
Overall I really like Northwest bank. They have a friendly staff and I never spend much time inside the bank doing any transaction. The only account that I use is a checking account. I prefer a checking account because it is easier with withdraw my money. I use a debit card and have my money whenever I want it. Their online banking is the best feature they have though. It is very secure, and it has many features. You can check all of your account just like at the actual bank, and also see all of your transaction history which I really like. The other day I no longer wanted to receive bank statements in the mail, so I went online and requested them to be canceled. It is very efficient and useful.
Data as of Q3 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 32647 |
| Year Established | 1988 |
| Employees | 302 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.54% |
| Return on Equity - YTD | 16.1% |
| Annual Interest Income | $47.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $1.57B$1.50B |
| Loans | Q3 2018vs Q3 2017 | $1.26B$1.15B |
| Deposits | Q3 2018vs Q3 2017 | $1.30B$1.27B |
| Equity Capital | Q3 2018vs Q3 2017 | $150.4MM$146.8MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $16.6MM$16.9MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $4.2MM$1.3MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $846.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Northwest Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Northwest Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.04%* | - | $25k | Compass Rewards Account | ||
| OTHER TIERS: 0.10% → $25k+ | |||||
