Northwest Bank & Trust Company Mortgage Rates, Fees & Info

Davenport, IA

LEI: 254900LWEI3KP9RMPK59

Tax ID: 42-0442354

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Northwest Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Northwest Bank & Trust Company has a high proportion of conventional loans. Their top (well, only) market is Davenport.

    Northwest Bank & Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    15

    Origination Dollar Volume (All Markets)

    $4,125,000

    Employee count

    65

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 8 $3,540,000 $442,500 $0 0.00%
    Outside of Metro Areas 7 $585,000 $83,571 $0 0.00%
    Northwest Bank & Trust Company's top markets include and Davenport among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $4,125,000 $275,000 $0 0.00%

    For 2019, Northwest Bank & Trust Company's most frequently originated type of loan was Conventional, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 6 $2,860,000 $476,667 $0 0.00%
    Home Purchase 5 $1,005,000 $201,000 $0 0.00%
    Cash Out Refi 4 $260,000 $65,000 $0 0.00%

    For 2019, Northwest Bank & Trust Company's most frequently cited loan purpose was Refi, with 6 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 15 $4,125,000 $275,000 $0 0.00%

    For 2019, Northwest Bank & Trust Company's most frequently cited loan duration was Other, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 8 $380,000 $47,500 $0 0.00%
    $100k-200k 3 $365,000 $121,667 $0 0.00%
    $200k-400k 2 $440,000 $220,000 $0 0.00%
    $1MM+ 1 $2,415,000 $2,415,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2019 saw Northwest Bank & Trust Company place emphasis on $100,000 or less loans with 8 originations, totaling $380,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 5 $485,000 $97,000 $0 0.00%
    $50k-75k 3 $285,000 $95,000 $0 0.00%
    $150k-250k 1 $15,000 $15,000 $0 0.00%
    $75k-100k 1 $15,000 $15,000 $0 0.00%

    Northwest Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $50k-75k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 15 $4,125,000 $275,000 $0 0.00%

    Northwest Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 5 $3,325,000 $665,000 $0 0.00%
    White 6 $540,000 $90,000 $0 0.00%
    Not provided 3 $195,000 $65,000 $0 0.00%
    Black 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Northwest Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Northwest Bank & Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 15 $4,125,000 $275,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $2,415,000 $2,415,000
    Single Family (1-4 Units):Site-Built 14 $1,710,000 $122,143

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Northwest Bank & Trust Company 100 East Kimberly Road Davenport, IA 52806 Full Service B&M $68,972
    Northwest Bank & Trust Company 1454 West Locust Street Davenport, IA 52804 Full Service B&M $48,797
    Northwest Bank & Trust Company 2550 Middle Road Bettendorf, IA 52722 Full Service B&M $27,955

    For 2019, Northwest Bank & Trust Company had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,149
    Net interest income $6,206
    Total noninterest income $6,180
    Gross Fiduciary activities income $2,302
    Service charges on deposit accounts $222
    Trading account gains and fees $0
    Additional Noninterest Income $3,656
    Pre-tax net operating income $2,357
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,327
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,327
    Minority interest net income $0
    Net income $2,327
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,327

    Northwest Bank & Trust Company's gross interest income from loans was $7,149,000.
    Northwest Bank & Trust Company's net interest income from loans was $6,206,000.
    Northwest Bank & Trust Company's fee based income from loans was $222,000.
    Northwest Bank & Trust Company's net income from loans was $2,327,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $943
    Provision for credit losses $1,707
    Total noninterest expense $8,322
    Salaries and employee benefits $4,788
    Premises and equipment expense $319
    Additional noninterest expense $3,215
    Applicable income taxes $30
    Net charge-offs $1,572
    Cash dividends $2,125

    Northwest Bank & Trust Company's interest expense for loans was $943,000.
    Northwest Bank & Trust Company's payroll and benefits expense were $4,788,000.
    Northwest Bank & Trust Company's property, plant and equipment expenses $319,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 10.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $147,903
    Deposits held in domestic offices $147,903
    Deposits by Individuals, partnerships, and corporations $146,690
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $1,214
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $52,948
    Demand deposits $35,753
    Nontransaction accounts $94,956
    Money market deposit accounts (MMDAs) $22,274
    Other savings deposits (excluding MMDAs) $29,856
    Total time deposits $42,826
    Total time and savings deposits $112,151
    Noninterest-bearing deposits $35,781
    Interest-bearing deposits $112,122
    Retail deposits $145,752
    IRAs and Keogh plan accounts $5,768
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $167,266
    Cash & Balances due from depository institutions $28,367
    Interest-bearing balances $25,113
    Total securities $8,669
    Federal funds sold & reverse repurchase $0
    Net loans and leases $114,615
    Loan and leases loss allowance $1,491
    Trading account assets $0
    Bank premises and fixed assets $9,848
    Other real estate owned $2,168
    Goodwill and other intangibles $0
    All other assets $3,599

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $167,266
    Total Liabilities $150,162
    Total deposits $147,903
    Interest-bearing deposits $112,122
    Deposits held in domestic offices $147,903
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $1,118
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,141

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $114,615
    Loan and leases loss allowance $1,491
    Total loans and leases (domestic) $116,106
    All real estate loans $92,853
    Real estate loans in domestic offices $92,853
    Construction and development loans $18,764
    Residential 1-4 family construction $2,566
    Other construction, all land development and other land $16,198
    Loans secured by nonfarm nonresidential properties $36,094
    Nonfarm nonresidential secured by owner-occupied properties $3,893
    Commercial real estate & other non-farm, non-residential $32,201
    Multifamily residential real estate $6,378
    1-4 family residential loans $31,617
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $22,116
    To non-U.S. addressees $0
    Loans to individuals $1,141
    Credit card loans $0
    Related Plans $137
    Consumer Auto Loans $142
    Other loans to individuals $862
    All other loans & leases $22
    Loans to foreign governments and official institutions $0
    Other loans $22
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $168
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Northwest Bank & Trust Company had $114,615,000 of loans outstanding in 2019. $92,853,000 of loans were in real estate loans. $18,764,000 of loans were in development loans. $6,378,000 of loans were in multifamily mortgage loans. $31,617,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $142,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 66 $17,066 $258,576
    Nonfarm, nonresidential loans - <$100k 12 $318 $26,500
    Nonfarm, nonresidential loans - $100-250k 20 $2,545 $127,250
    Nonfarm, nonresidential loans - $250k-1MM 34 $14,203 $417,735
    Commercial & Industrial, US addressed loans - <$1MM 148 $16,712 $112,919
    Commercial & Industrial, US addressed loans - <$100k 70 $1,244 $17,771
    Commercial & Industrial, US addressed loans - $100-250k 31 $2,981 $96,161
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $12,487 $265,681