Northwest Bank of Rockford in Rockford, Illinois (IL)



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Northwest Bank of Rockford routing number info

Table of contents:
Northwest Bank of Rockford
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)75
Total assets$245,881
Cash and due from depository institutions$9,072
Interest-bearing balances$2,242
Securities$48,913
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$175,551
Loan loss allowance $2,899
Trading account assets$0
Bank premises and fixed assets$4,783
Other real estate owned$1,453
Goodwill and other intangibles$1,521
All other assets$4,588
Life insurance assets$245,881
Total liabilities and capital$223,236
Total liabilities$211,664
Total deposits$177,180
Interest-bearing deposits$211,664
Deposits held in domestic offices$92
% insured (estimated)5760.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $1,812
All other liabilities $22,645
Total equity capital$22,645
Total bank equity capital$22,645
Perpetual preferred stock$0
Common stock$1,450
Surplus$5,120
Undivided profits $16,075
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,198
Income earned, not collected on loans $7,817
Earning assets $0
Long-term assets (5+ years) $842
Average Assets, year-to-date $226,706
Average Assets, quarterly $52,237
Volatile liabilities $240,736
Insider loans $245,192
FHLB advances $186,585
Loans and leases held for sale $246,312
Unused loan commitments $2,045
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $21,315
Total risk weighted assets $2,045
Total unused commitments $0
Restructured Loans and leases $28,012
Derivatives$4,030
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,877
Total interest expense $2,267
Net interest income $9,610
Provision for loan and lease losses $3,255
Total noninterest income $2,489
Fiduciary activities $0
Service charges on deposit accounts $473
Trading account gains & fees $0
Additional noninterest income $2,016
Total noninterest expense $7,621
Salaries and employee benefits $4,515
Premises and equipment expense $856
Additional noninterest expense $2,250
Pre-tax net operating income $1,223
Securities gains (losses) $295
Applicable income taxes $215
Income before extraordinary items $1,303
Extraordinary gains - net $0
Net income attributable to bank $1,303
Net charge-offs $0
Cash dividends $1,303
Sale, conversion, retirement of capital stock, net $4,891
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 1.02%
Net interest margin 4.34%
Noninterest income to earning assets 1.13%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.44%
Return on assets (ROA) 0.54%
Pretax return on assets 0.63%
Return on equity (ROE) 6.08%
Retained earnings to average equity (YTD only) 6.08%
Net charge-offs to loans 2.78%
Credit loss provision to net charge-offs 66.55%
Efficiency ratio0.92%
Assets per employee$62,989
Cash dividends to net income (YTD only)3.28%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 37.09%
Noncurrent loans to loans 3.77%
Net loans and leases to deposits4.38%
Net loans and leases to core deposits 82.94%
Equity capital to assets 87.67%
Core capital (leverage) ratio 9.21%
Tier 1 risk-based capital ratio 8.65%
Total risk-based capital ratio 11.42%
Memoranda
Average assets$13
Average earning assets$240,736
Average equity $21,420
Average loans $221,183
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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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