Northwest Bank of Rockford in Rockford, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Northwest Bank of Rockford - Overview

  • General
  • FDIC Certificate #: 20666
    Status: Active
    Federal Reserve ID: 685649
    Bank Holding Company (Regulatory Top Holder): Foresight Financial Group, Inc. (RSSDID: 1137453, Location: Rockford, IL)
    Date Established: April 21, 1972
    WWW: http://www.northwestbankrockford.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10055
    FDIC's unique #: 14266
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 21, 1972
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3106 North Rockton Avenue, Rockford, IL 61101
    County: Winnebago
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Rockford, IL (#6880)
    Combined Statistical Area (CSA): Rockford-Freeport-Rochelle, IL (#466)
    Core Based Statistical Area (CBSA): Rockford, IL (#40420)
    CBSA Metro Statistical Area: Rockford, IL (#40420)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $245.9 mil
    Equity capital: $22.6 mil
    Deposits held in domestic offices: $211.7 mil
    Return on assets (ROA): 0.54% ($1.3 mil)
    Quarterly return on assets: 0.74% ($1.8 mil)
    Return on Equity (ROE): 6.08% ($1.4 mil)
    Quarterly return on equity: 8.14% ($1.9 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.63% ($1,549.1 mil)
    Quarterly Pretax return on assets: 0.94% ($2,311.3 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
  • 75Total employees (full-time equivalent)
  • $245,881Total assets
  • $9,072Cash and due from depository institutions
  • $2,242Interest-bearing balances
  • $48,913Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $175,551Net loans & leases
  • $2,899Loan loss allowance
  • $0Trading account assets
  • $4,783Bank premises and fixed assets
  • $1,453Other real estate owned
  • $1,521Goodwill and other intangibles
  • $245,881Life insurance assets
  • $4,588All other assets
  • $223,236Total liabilities and capital
  • $211,664Total liabilities
  • $177,180Total deposits
  • $211,664Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 5760.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $1,812Subordinated debt
  • $22,645All other liabilities
  • $22,645Total equity capital
  • $22,645Total bank equity capital
  • $0Perpetual preferred stock
  • $1,450Common stock
  • $5,120Surplus
  • $16,075Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,817Income earned, not collected on loans
  • $0Earning assets
  • $842Long-term assets (5+ years)
  • $226,706Average Assets, year-to-date
  • $52,237Average Assets, quarterly
  • $240,736Volatile liabilities
  • $245,192Insider loans
  • $186,585FHLB advances
  • $246,312Loans and leases held for sale
  • $2,045Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,315Tier 2 risk-based capital
  • $2,045Total risk weighted assets
  • $0Total unused commitments
  • $28,012Restructured Loans and leases
  • $4,030Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,877Total interest income
  • $2,267Total interest expense
  • $9,610Net interest income
  • $3,255Provision for loan and lease losses
  • $2,489Total noninterest income
  • $0Fiduciary activities
  • $473Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,016Additional noninterest income
  • $7,621Total noninterest expense
  • $4,515Salaries and employee benefits
  • $856Premises and equipment expense
  • $2,250Additional noninterest expense
  • $1,223Pre-tax net operating income
  • $295Securities gains (losses)
  • $215Applicable income taxes
  • $1,303Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,303Net income attributable to bank
  • $0Net charge-offs
  • $1,303Cash dividends
  • $4,891Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.34%Net interest margin
  • 1.13%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 6.08%Return on equity (ROE)
  • 6.08%Retained earnings to average equity (YTD only)
  • 2.78%Net charge-offs to loans
  • 66.55%Credit loss provision to net charge-offs
  • 0.92%Efficiency ratio
  • 62,989Assets per employee
  • 3.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 37.09%Noncurrent assets plus other real estate owned to assets
  • 3.77%Noncurrent loans to loans
  • 4.38%Net loans and leases to deposits
  • 82.94%Net loans and leases to core deposits
  • 87.67%Equity capital to assets
  • 9.21%Core capital (leverage) ratio
  • 8.65%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $240,736Average earning assets
  • $21,420Average equity
  • $221,183Average loans

List of branches

  • 4 Illinois Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014266Northwest Bank Of Rockford3106 North Rockton Avenue, Rockford, IL 61101April 21, 1972Full Service Brick and Mortar
    3256723Springstead Facility125 Phelps Avenue, Rockford, IL 61108October 22, 1982Full Service Brick and Mortar
    4439288Machesney Park Branch1100 Ralston Road, Machesney Park, IL 61115January 18, 2005Full Service Brick and Mortar
    5513645Loves Park Facility5305 North Second Street, Loves Park, IL 61111October 12, 2010Full Service Brick and Mortar

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