Northwestern Bank is headquartered in Chippewa Falls and is the 54th largest bank in the state of Wisconsin. It is also the 1,630th largest bank in the nation. It was established in 1904 and as of June of 2020, it had grown to 71 employees at 7 locations. Northwestern Bank has an A health rating.
Northwestern Bank Experience
While recently searching for a convenient bank to accommodate my small business needs,I came across a local bank that fit them all,I was able to meet with someone the same day I called. They explained all options and was very friendly. The bank had ATM cards that I was able to use with both savings and checking accounts 24 hours a day. That was convenient considering I had workers who traveled different places and wld arrive at there destinations at all hours of day or night, they had telebanc that meant I could go and check the balances, I could transfer funds for emergency reasons or any reason,I could also check on pay checks,I could wire funds if needed and even get email and text alerts and receive account information. In conclusion it has fit all my small business needs.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 2468 |
| Year Established | 1904 |
| Employees | 71 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.28% |
| Return on Equity - YTD | 19.14% |
| Annual Interest Income | $11.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $492.7MM$435.1MM |
| Loans | Q2 2020vs Q2 2019 | $401.2MM$337.1MM |
| Deposits | Q2 2020vs Q2 2019 | $431.4MM$384.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $56.7MM$50.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $10.5MM$8.9MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.6MM$0 |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |