Northwest Bank & Trust Company Mortgage Rates, Fees & Info
Davenport, IALEI: 254900LWEI3KP9RMPK59
Tax ID: 42-0442354
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Mortgage Data
Bank Data
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 two markets are Davenport and Whitewater .Northwest Bank & Trust Company has an above 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
11Origination Dollar Volume (All Markets)
$3,325,000Employee count
72Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 2 | $1,720,000 | $860,000 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 8 | $1,110,000 | $138,750 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 11 | $3,325,000 | $302,273 | $0 | 0.00% |
For 2021, Northwest Bank & Trust Company's most frequently originated type of loan was Conventional, with 11 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 7 | $1,275,000 | $182,143 | $0 | 0.00% |
| Home Purchase | 3 | $1,945,000 | $648,333 | $0 | 0.00% |
| Home Improvement | 1 | $105,000 | $105,000 | $0 | 0.00% |
For 2021, Northwest Bank & Trust Company's most frequently cited loan purpose was Refi, with 7 originations. The 2nd most popular reason was Home Purchase, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 11 | $3,325,000 | $302,273 | $0 | 0.00% |
For 2021, Northwest Bank & Trust Company's most frequently cited loan duration was Other, with 11 originations.
Loan Sizing
2021 saw Northwest Bank & Trust Company place emphasis on $100,000 or less loans with 4 originations, totaling $110,000 in origination value.
Applicant Income
Northwest Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $100k-150k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 11 | $3,325,000 | $302,273 | $0 | 0.00% |
Northwest Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 11 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Northwest Bank & Trust Company has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination81.82%
Northwest Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 11 | $3,325,000 | $302,273 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Conventional home mortgage | Struggling to pay mortgage | 1 | 11.1% |
| NORTHWEST BANCSHARES INC | Conventional home mortgage | Trouble during payment process | 5 | 55.6% |
| NORTHWEST BANCSHARES INC | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 11.1% |
| NORTHWEST BANCSHARES INC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| NORTHWEST BANCSHARES INC | Other type of mortgage | Struggling to pay mortgage | 1 | 11.1% |
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 | $100,559 |
| Northwest Bank & Trust Company | 1454 West Locust Street Davenport, IA 52804 | Full Service B&M | $54,440 |
| Northwest Bank & Trust Company | 2550 Middle Road Bettendorf, IA 52722 | Full Service B&M | $32,494 |
For 2021, Northwest Bank & Trust Company had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,272 |
| Net interest income | $7,602 |
| Total noninterest income | $6,651 |
| Gross Fiduciary activities income | $2,959 |
| Service charges on deposit accounts | $148 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,544 |
| Pre-tax net operating income | $4,193 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,983 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,983 |
| Minority interest net income | $0 |
| Net income | $3,983 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,983 |
Northwest Bank & Trust Company's gross interest income from loans was $8,272,000.
Northwest Bank & Trust Company's net interest income from loans was $7,602,000.
Northwest Bank & Trust Company's fee based income from loans was $148,000.
Northwest Bank & Trust Company's net income from loans was $3,983,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $670 |
| Provision for credit losses | $19 |
| Total noninterest expense | $10,041 |
| Salaries and employee benefits | $6,605 |
| Premises and equipment expense | $237 |
| Additional noninterest expense | $3,199 |
| Applicable income taxes | $210 |
| Net charge-offs | $24 |
| Cash dividends | $2,618 |
Northwest Bank & Trust Company's interest expense for loans was $670,000.
Northwest Bank & Trust Company's payroll and benefits expense were $6,605,000.
Northwest Bank & Trust Company's property, plant and equipment expenses $237,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| 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 | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| 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 | $187,048 |
| Deposits held in domestic offices | $187,048 |
| Deposits by Individuals, partnerships, and corporations | $186,098 |
| 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. | $950 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $79,671 |
| Demand deposits | $55,212 |
| Nontransaction accounts | $107,377 |
| Money market deposit accounts (MMDAs) | $31,045 |
| Other savings deposits (excluding MMDAs) | $36,744 |
| Total time deposits | $39,587 |
| Total time and savings deposits | $131,836 |
| Noninterest-bearing deposits | $55,254 |
| Interest-bearing deposits | $131,794 |
| Retail deposits | $182,357 |
| IRAs and Keogh plan accounts | $5,627 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $220,560 |
| Cash & Balances due from depository institutions | $65,778 |
| Interest-bearing balances | $57,847 |
| Total securities | $13,073 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $124,606 |
| Loan and leases loss allowance | $1,708 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,474 |
| Other real estate owned | $534 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,095 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $220,560 |
| Total Liabilities | $200,397 |
| Total deposits | $187,048 |
| Interest-bearing deposits | $131,794 |
| Deposits held in domestic offices | $187,048 |
| % insured (estimated) | $84 |
| Federal funds purchased and repurchase agreements | $1,995 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,190 |
| Subordinated debt | $0 |
| All other liabilities | $1,164 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $124,606 |
| Loan and leases loss allowance | $1,708 |
| Total loans and leases (domestic) | $126,314 |
| All real estate loans | $104,785 |
| Real estate loans in domestic offices | $104,785 |
| Construction and development loans | $23,513 |
| Residential 1-4 family construction | $1,156 |
| Other construction, all land development and other land | $22,357 |
| Loans secured by nonfarm nonresidential properties | $54,191 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,455 |
| Commercial real estate & other non-farm, non-residential | $49,736 |
| Multifamily residential real estate | $9,622 |
| 1-4 family residential loans | $17,459 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $20,892 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $820 |
| Credit card loans | $0 |
| Related Plans | $110 |
| Consumer Auto Loans | $46 |
| Other loans to individuals | $664 |
| All other loans & leases | $9 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9 |
| 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 | $85 |
| Non 1-4 family restructured loans & leases | $85 |
| Total loans and leases (foreign) | $0 |
Northwest Bank & Trust Company had $124,606,000 of loans outstanding in 2021. $104,785,000 of loans were in real estate loans. $23,513,000 of loans were in development loans. $9,622,000 of loans were in multifamily mortgage loans. $17,459,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $46,000 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 | 47 | $11,195 | $238,191 |
| Nonfarm, nonresidential loans - <$100k | 6 | $159 | $26,500 |
| Nonfarm, nonresidential loans - $100-250k | 12 | $1,208 | $100,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 29 | $9,828 | $338,897 |
| Commercial & Industrial, US addressed loans - <$1MM | 76 | $9,513 | $125,171 |
| Commercial & Industrial, US addressed loans - <$100k | 39 | $279 | $7,154 |
| Commercial & Industrial, US addressed loans - $100-250k | 6 | $751 | $125,167 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 31 | $8,483 | $273,645 |