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Northwest Bank
Spencer, IA · State-chartered bank (not a Fed member) · Part of Northwest Financial Corp
- Total assets
- $3B
- Q2 2026
- Deposits
- $2.62B
- Net income
- $20.08M
- first half of 2026
- Return on assets
- 1.35%
- Annualized
Subsidiary of Autonation, Inc. (AN) · financials and records from other agencies
Bank details
As reported to the FDIC
- FDIC certificate
- 32647
- Main office
- Spencer, IA
- Holding company
- Northwest Financial Corp · Part of Autonation, Inc.
- Charter
- State-chartered bank (not a Fed member)
- Primary federal regulator
- Federal Deposit Insurance Corporation (FDIC)
- Established
- 12/30/1988
- FDIC insured since
- 08/09/1989
- U.S. offices
- 22
- Employees (full-time equivalent)
- 403
- Specialty
- Commercial Lending Specialization
- Website
- www.nw.bank
Quarterly financials
From the bank's Call Reports. Income figures are year to date; ratios are annualized.
| Quarter | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $3B | $2.97B | $2.95B | $2.97B | $2.95B | $2.91B | $2.9B | $2.92B |
| Deposits | $2.62B | $2.61B | $2.59B | $2.51B | $2.49B | $2.54B | $2.49B | $2.5B |
| Net loans and leases | $2.46B | $2.4B | $2.39B | $2.39B | $2.35B | $2.26B | $2.26B | $2.24B |
| Securities | $319.3M | $321.6M | $303.5M | $343.6M | $377.4M | $407.4M | $417.4M | $440.5M |
| Equity capital | $295M | $295.1M | $291.5M | $284.5M | $277.2M | $267.8M | $258.8M | $255.5M |
| Net income (year to date) | $20.08M | $9.31M | $30.3M | $20.94M | $12.41M | $5.27M | $17.62M | $11.23M |
| Return on assets | 1.35% | 1.26% | 1.03% | 0.95% | 0.85% | 0.73% | 0.59% | 0.50% |
| Return on equity | 13.67% | 12.70% | 10.98% | 10.26% | 9.27% | 8.01% | 7.19% | 6.20% |
| Net interest margin | 3.66% | 3.59% | 3.29% | 3.18% | 3.06% | 2.91% | 2.62% | 2.54% |
| Efficiency ratio | 57.5% | 59.1% | 63.4% | 64.8% | 67.0% | 70.0% | 73.4% | 76.0% |
| Noncurrent loans | 0.24% | 0.21% | 0.24% | 0.33% | 0.51% | 0.63% | 0.58% | 0.48% |
| Net charge-off rate | 0.04% | 0.02% | 0.01% | 0.01% | 0.01% | 0.00% | 0.07% | 0.06% |
| Leverage (core capital) ratio | 10.12% | 10.28% | 10.02% | 9.94% | 9.97% | 9.77% | 9.59% | 9.24% |
| Total risk-based capital ratio | 12.44% | 12.85% | 12.87% | 12.60% | 12.70% | 12.91% | 12.86% | 12.64% |
Assets grew 1.6% from Q2 2025.
Loan mix
Share of gross loans, Q2 2026
- Real estate loans$1.88B76.2%
- Commercial and industrial loans$339M13.8%
- Consumer loans$31.78M1.3%
Find bank branches in Iowa · Employees: 403
Frequently asked questions
- What is Northwest Bank's FDIC certificate number?
- Northwest Bank's FDIC certificate number is 32647.
- How big is Northwest Bank?
- Northwest Bank reported total assets of $3B and deposits of $2.62B as of Q2 2026.
- Is Northwest Bank FDIC insured?
- Yes. Northwest Bank has been insured by the FDIC since 08/09/1989. Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
Source: Federal Deposit Insurance Corporation, BankFind Suite (Call Report data) · Last updated 06/30/2026