Northwest Bank in Spencer, Iowa (IA), NE



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Northwest Bank routing number info

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Northwest Bank
GeneralFDIC Certificate #: 32647
Status: Active
Federal Reserve ID: 1387605
Bank Holding Company (Regulatory Top Holder): Northwest Financial Corp. (RSSDID: 1978713, Location: Arnolds Park, IA)
Date Established: December 30, 1988
WWW: http://www.bank-northwest.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 15 (Domestic: 15, Interstate: Yes)
OTS Docket #: 8567
FDIC's unique #: 45481
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 30, 1988
Last Structure Change Effective Date: Febuary 21, 2012
Last Structure Change Process Date: March 07, 2012
Last Data Update: March 07, 2012
Data Source Date: April 05, 2012
LocationAddress: 101 West 5th Street, Spencer, IA 51301
County: Clay
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Sioux City
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Spencer, IA (#43980)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Financial SummaryTotal assets: $863.8 mil
Equity capital: $73.3 mil
Deposits held in domestic offices: $728.0 mil
Return on assets (ROA): 1.21% ($10.5 mil)
Quarterly return on assets: 1.49% ($12.9 mil)
Return on Equity (ROE): 14.37% ($10.5 mil)
Quarterly return on equity: 17.49% ($12.8 mil)
Net income: $10.1 mil
Quarterly Net income: $3.2 mil
Pretax return on assets: 1.26% ($10,883.8 mil)
Quarterly Pretax return on assets: 1.55% ($13,388.8 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)220
Total assets$863,794
Cash and due from depository institutions$41,884
Interest-bearing balances$23,505
Securities$78,413
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$699,731
Loan loss allowance $9,277
Trading account assets$0
Bank premises and fixed assets$14,103
Other real estate owned$9,171
Goodwill and other intangibles$1,324
All other assets$19,168
Life insurance assets$863,794
Total liabilities and capital$790,455
Total liabilities$727,963
Total deposits$626,831
Interest-bearing deposits$727,963
Deposits held in domestic offices$93
% insured (estimated)18514.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$35,898
Other borrowed funds $0
Subordinated debt $8,080
All other liabilities $73,339
Total equity capital$73,339
Total bank equity capital$73,339
Perpetual preferred stock$0
Common stock$3,500
Surplus$12,187
Undivided profits $57,652
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $7,102
Income earned, not collected on loans $8,691
Earning assets $447
Long-term assets (5+ years) $3,608
Average Assets, year-to-date $801,649
Average Assets, quarterly $106,371
Volatile liabilities $834,553
Insider loans $850,345
FHLB advances $671,307
Loans and leases held for sale $849,792
Unused loan commitments $8,041
Tier 1 (core) risk-based capital $6,637
Tier 2 risk-based capital $71,995
Total risk weighted assets $0
Total unused commitments $1,404
Restructured Loans and leases $66,757
Derivatives$7,407
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $38,459
Total interest expense $8,159
Net interest income $30,300
Provision for loan and lease losses $2,990
Total noninterest income $9,144
Fiduciary activities $0
Service charges on deposit accounts $2,472
Trading account gains & fees $0
Additional noninterest income $6,672
Total noninterest expense $26,052
Salaries and employee benefits $15,091
Premises and equipment expense $2,747
Additional noninterest expense $8,214
Pre-tax net operating income $10,402
Securities gains (losses) $135
Applicable income taxes $427
Income before extraordinary items $10,110
Extraordinary gains - net $0
Net income attributable to bank $10,110
Net charge-offs $0
Cash dividends $10,110
Sale, conversion, retirement of capital stock, net $3,687
Net operating income $4,601
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.94%
Cost of funding earning assets 1.05%
Net interest margin 3.89%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 3.35%
Net operating income to assets 1.20%
Return on assets (ROA) 1.21%
Pretax return on assets 1.26%
Return on equity (ROE) 14.37%
Retained earnings to average equity (YTD only) 7.83%
Net charge-offs to loans 0.54%
Credit loss provision to net charge-offs 81.10%
Efficiency ratio3.63%
Assets per employee$66,048
Cash dividends to net income (YTD only)3.93%
Condition Ratios (%)
Loss allowance to loans 45.51%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 106.74%
Noncurrent loans to loans 2.07%
Net loans and leases to deposits1.23%
Net loans and leases to core deposits 96.12%
Equity capital to assets 99.12%
Core capital (leverage) ratio 8.49%
Tier 1 risk-based capital ratio 8.47%
Total risk-based capital ratio 10.72%
Memoranda
Average assets$12
Average earning assets$834,553
Average equity $70,350
Average loans $778,829
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13 Iowa Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
045481Northwest Bank101 West 5th Street, Spencer, IA 51301December 30, 1988Full Service Brick and Mortar
102276093204 East State Street Branch204 East State Street, Algona, IA 50511January 01, 1935Full Service Brick and Mortar
1032760921119 Central Avenue Branch1119 Central Avenue, Estherville, IA 51334January 01, 1935Full Service Brick and Mortar
10443701Spirit Lake Branch1109 18th Street, Spirit Lake, IA 51360January 01, 1945Full Service Brick and Mortar
105276094814 Okoboji Avenue Branch1802 Okoboji Avenue, Milford, IA 51351January 01, 1935Full Service Brick and Mortar
108275703Humboldt Branch801 Sumner Avenue, Humboldt, IA 50548December 01, 1935Full Service Brick and Mortar
109288860Storm Lake Branch730 Lake Avenue, Storm Lake, IA 50588March 18, 1994Full Service Brick and Mortar
1155572Belmond Branch120 East Main Street, Belmond, IA 50421January 01, 1893Full Service Brick and Mortar
119445709Fort Dodge Branch10 North 29th Street, Fort Dodge, IA 50501May 05, 2003Full Service Brick and Mortar
120445710West Des Moines Branch5700 University Ave, West Des Moines, IA 50266May 03, 2004Full Service Brick and Mortar
121445711Okoboji Branch1807 Highway 71 North, Okoboji, IA 51355May 25, 2005Full Service Brick and Mortar
12277671No Ankeny Blvd Branch911 North Ankeny Boulevard, Ankeny, IA 50021Febuary 04, 2000Full Service Brick and Mortar
123445674Ankeny Branch1700 Se Delaware Ave, Ankeny, IA 50021December 29, 2003Full Service Brick and Mortar
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2 Nebraska Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
114357212Arbor Street Branch14320 Arbor Street, Omaha, NE 68144December 07, 1998Full Service Brick and Mortar
124506254La Vista Branch9719 Giles Rd, La Vista, NE 68128August 29, 2005Full Service Brick and Mortar
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