Northwest Bank & Trust Company Mortgage Rates, Fees & Info

Davenport, IA

LEI: 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

11

Origination Dollar Volume (All Markets)

$3,325,000

Employee count

72

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
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%
Northwest Bank & Trust Company's top markets include Davenport and Whitewater among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4 $110,000 $27,500 $0 0.00%
    $200k-400k 3 $745,000 $248,333 $0 0.00%
    $400k-600k 2 $960,000 $480,000 $0 0.00%
    $100k-200k 1 $105,000 $105,000 $0 0.00%
    $1MM+ 1 $1,405,000 $1,405,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 3 $95,000 $31,667 $0 0.00%
    $100k-150k 1 $105,000 $105,000 $0 0.00%
    $150k-250k 1 $495,000 $495,000 $0 0.00%
    $250k+ 1 $315,000 $315,000 $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 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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 4 $2,300,000 $575,000 $0 0.00%
    White 3 $845,000 $281,667 $0 0.00%
    Not provided 3 $155,000 $51,667 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    81.82%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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