Northwest Bank Mortgage Rates, Fees & Info

Spencer, IA

LEI: 549300RBJCM5B02O5U05

Tax ID: 42-1325507

5 stars - out of 5 stars, based on 59 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Northwest Bank is a smaller bank specializing in Home Purchase and Refi loans. Northwest Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Des Moines, Spirit Lake, Omaha, Sioux City, and Spencer among others. Northwest Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Northwest Bank is typically a low fee lendor.


Originations

3,490

Origination Dollar Volume (All Markets)

$663,800,000

Employee count

327 Show all (16) awards

Relative Rate

Northwest Bank's average 30 year fixed rate mortgage of loans were 3.01%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.14%.

Relative Fees

Northwest Bank's average total fees for a 30 year fixed rate mortgage are $2,569.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 951 $220,215,000 $231,562 $2,540 2.93%
Outside of Metro Areas 746 $102,460,000 $137,346 $2,175 2.96%
Spirit Lake, IA (FHA|USDA|VA) 426 $97,070,000 $227,864 $1,701 3.10%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 318 $70,350,000 $221,226 $1,978 3.22%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 279 $42,545,000 $152,491 $2,983 2.92%
Spencer, IA (FHA|USDA|VA) 261 $34,705,000 $132,969 $2,145 2.94%
Fort Dodge, IA (FHA|USDA|VA) 206 $24,620,000 $119,515 $2,205 3.03%
AMES, IA (FHA|USDA|VA) 86 $19,130,000 $222,442 $2,712 3.01%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 27 $7,805,000 $289,074 $3,424 2.94%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $6,815,000 $454,333 $6,027 3.05%
Storm Lake, IA (FHA|USDA|VA) 28 $3,310,000 $118,214 $2,215 3.14%
SIOUX FALLS, SD (FHA|USDA|VA) 10 $2,180,000 $218,000 $1,505 3.38%
CEDAR RAPIDS, IA (FHA|USDA|VA) 9 $2,005,000 $222,778 $2,025 2.67%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 3 $1,785,000 $595,000 $8,168 3.58%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,640,000 $410,000 $5,201 2.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,550,000 $775,000 $5,315 3.31%
LINCOLN, NE (FHA|USDA|VA) 7 $1,485,000 $212,143 $1,694 3.03%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 6 $1,410,000 $235,000 $1,973 2.79%
Mason City, IA (FHA|USDA|VA) 7 $1,335,000 $190,714 $1,983 2.64%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 7 $1,315,000 $187,857 $1,960 3.43%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $1,150,000 $575,000 $4,153 3.13%
IOWA CITY, IA (FHA|USDA|VA) 5 $1,015,000 $203,000 $1,534 3.95%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,000,000 $166,667 $1,642 2.88%
COLUMBIA, MO (FHA|USDA|VA) 1 $905,000 $905,000 $8,118 2.88%
Pella, IA (FHA|USDA|VA) 5 $835,000 $167,000 $2,973 3.20%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $715,000 $715,000 $0 3.80%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $640,000 $320,000 $2,215 3.25%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $620,000 $310,000 $2,084 3.44%
Key West, FL (FHA|USDA|VA) 2 $580,000 $290,000 $4,468 1.94%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $545,000 $545,000 $3,346 2.75%
Norfolk, NE (FHA|USDA|VA) 1 $535,000 $535,000 $2,255 3.13%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,590 2.88%
MANKATO, MN (FHA|USDA|VA) 2 $450,000 $225,000 $1,869 2.75%
Carroll, IA (FHA|USDA|VA) 3 $435,000 $145,000 $2,183 3.33%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $430,000 $107,500 $1,952 3.56%
Durango, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,439 3.00%
Marshalltown, IA (FHA|USDA|VA) 4 $420,000 $105,000 $2,098 4.06%
Brookings, SD (FHA|USDA|VA) 3 $415,000 $138,333 $2,115 2.54%
Brainerd, MN (FHA|USDA|VA) 1 $405,000 $405,000 $1,050 3.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $405,000 $405,000 $2,662 2.63%
Kalispell, MT (FHA|USDA|VA) 1 $395,000 $395,000 $2,225 2.88%
TUCSON, AZ (FHA|USDA|VA) 1 $365,000 $365,000 $4,324 2.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $350,000 $175,000 $2,670 1.94%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $350,000 $175,000 $0 3.45%
Spearfish, SD (FHA|USDA|VA) 2 $340,000 $170,000 $2,150 2.56%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $335,000 $335,000 $2,476 2.25%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $325,000 $325,000 $2,138 2.25%
Muscatine, IA (FHA|USDA|VA) 1 $325,000 $325,000 $4,761 2.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 1.50%
PANAMA CITY, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,339 3.13%
Willmar, MN (FHA|USDA|VA) 1 $275,000 $275,000 $1,392 2.63%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $255,000 $255,000 $3,314 3.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $255,000 $255,000 $2,799 3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $245,000 $245,000 $4,971 3.25%
GETTYSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,745 2.13%
Columbus, NE (FHA|USDA|VA) 2 $230,000 $115,000 $1,970 1.94%
DUBUQUE, IA (FHA|USDA|VA) 1 $215,000 $215,000 $1,614 2.75%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $215,000 $215,000 $3,139 3.00%
Winona, MN (FHA|USDA|VA) 1 $205,000 $205,000 $3,569 3.00%
Fergus Falls, MN (FHA|USDA|VA) 1 $195,000 $195,000 $2,098 3.50%
KANKAKEE, IL (FHA|USDA|VA) 1 $195,000 $195,000 $1,594 1.88%
Quincy, IL-MO (FHA|USDA|VA) 1 $185,000 $185,000 $9,248 2.75%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,573 2.63%
Fremont, NE (FHA|USDA|VA) 1 $175,000 $175,000 $1,755 2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $145,000 $145,000 $3,284 2.88%
Owatonna, MN (FHA|USDA|VA) 1 $135,000 $135,000 $3,283 2.88%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $135,000 $135,000 $1,840 3.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $125,000 $125,000 $2,557 3.00%
ST. CLOUD, MN (FHA|USDA|VA) 1 $125,000 $125,000 $1,016 2.25%
GREAT FALLS, MT (FHA|USDA|VA) 1 $75,000 $75,000 $3,333 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.99%
Worthington, MN (FHA|USDA|VA) 2 $70,000 $35,000 $2,191 2.50%
FARGO, ND-MN (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.75%
THE VILLAGES, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.75%
New Ulm, MN (FHA|USDA|VA) 1 $55,000 $55,000 $2,314 4.50%
Austin, MN (FHA|USDA|VA) 1 $55,000 $55,000 $2,676 3.00%
Fairmont, MN (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.75%

Northwest Bank's top markets include Des Moines, Spirit Lake, Omaha, Sioux City, and Spencer among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,340 $635,510,000 $190,272 $2,169 3.00%
FHA 76 $13,970,000 $183,816 $5,993 3.06%
VA 42 $10,460,000 $249,048 $4,616 2.60%
USDA 32 $3,860,000 $120,625 $3,536 3.06%

For the 2021 period, Northwest Bank's most frequently originated loan type of loans were Conventional, with 3,340 originations. Their 2nd most popular type is FHA, with 76 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,497 $333,265,000 $222,622 $2,719 3.11%
Refi 923 $189,795,000 $205,628 $1,912 2.89%
Cash Out Refi 422 $85,390,000 $202,346 $2,127 2.87%
Home Improvement 330 $21,330,000 $64,636 $444 2.96%
Other 318 $34,020,000 $106,981 $1,566 2.96%

For the 2021, Northwest Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,497 originations. The 2nd most popular reason of loans were Refi, with 923 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,706 $411,460,000 $241,184 $2,569 3.01%
10 Year 828 $77,630,000 $93,756 $1,414 2.88%
15 Year 517 $95,655,000 $185,019 $1,921 2.46%
5 Year 167 $34,985,000 $209,491 $188 4.03%
20 Year 159 $26,925,000 $169,340 $1,873 2.89%
Other 99 $14,865,000 $150,152 $1,463 4.70%
1 Year 11 $2,095,000 $190,455 $0 4.19%
3 Year 3 $185,000 $61,667 $175 4.60%

For the 2021, Northwest Bank's most frequently cited loan length of loans were 30 Year, with 1,706 originations. The 2nd most popular length of loans were 10 Year, with 828 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,774 $386,510,000 $217,875
$1k-2k 630 $118,760,000 $188,508
$2k-3k 50 $15,100,000 $302,000
$3k-4k 38 $13,810,000 $363,421
$5k+ 19 $16,535,000 $870,263

$2,569 of loans were Northwest Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,774 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,204 $272,370,000 $226,221
3-4% 1,132 $217,360,000 $192,014
<2.5% 954 $149,500,000 $156,709
4-5% 131 $18,645,000 $142,328
5-6% 56 $5,290,000 $94,464
6-7% 7 $485,000 $69,286
7-8% 6 $150,000 $25,000

During 2021, Northwest Bank's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,204 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 1,150 $167,440,000 $145,600 $2,212 2.98%
$200k-400k 1,058 $288,900,000 $273,062 $2,463 2.93%
$100,000 or less 1,028 $57,480,000 $55,914 $1,922 3.08%
$400k-600k 205 $98,495,000 $480,463 $2,619 2.95%
$600k-1MM 29 $22,505,000 $776,034 $5,638 3.38%
$1MM+ 20 $28,980,000 $1,449,000 $7,230 3.41%

2021 saw Northwest Bank place emphasis on $100k-200k loans with 1,150 originations, totaling $167,440,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 711 $100,055,000 $140,724 $2,221 2.94%
$100k-150k 692 $145,400,000 $210,116 $2,396 2.91%
$50k or less 579 $62,385,000 $107,746 $2,299 3.00%
$75k-100k 557 $100,005,000 $179,542 $2,455 2.98%
$150k-250k 452 $109,310,000 $241,836 $2,234 2.93%
$250k+ 268 $98,150,000 $366,231 $2,816 3.00%

Northwest Bank lent most frequently to those with incomes in the $50k-75k range, with 711 originations. The second most popular income band? $100k-150k, with 692 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 921 $165,175,000 $179,343 $2,201 2.86%
30-36% 655 $128,385,000 $196,008 $2,380 2.95%
<20% 464 $77,820,000 $167,716 $2,166 2.78%
36% 118 $21,050,000 $178,390 $2,189 3.00%
40% 108 $24,270,000 $224,722 $2,836 3.00%
42% 102 $20,600,000 $201,961 $2,192 3.10%
43% 102 $21,440,000 $210,196 $2,642 2.96%
44% 100 $21,070,000 $210,700 $2,873 3.16%
37% 100 $16,630,000 $166,300 $2,208 3.12%
41% 98 $18,420,000 $187,959 $2,396 3.10%
39% 95 $18,815,000 $198,053 $2,294 3.15%
38% 91 $16,005,000 $175,879 $2,371 3.00%
45% 76 $13,780,000 $181,316 $2,110 2.96%
46% 64 $14,000,000 $218,750 $2,530 2.92%
48% 56 $11,570,000 $206,607 $2,665 3.03%
49% 53 $10,635,000 $200,660 $2,643 2.92%
47% 51 $10,785,000 $211,471 $2,404 2.80%
50-60% 29 $6,345,000 $218,793 $2,394 3.39%
>60% 6 $3,140,000 $523,333 $6,182 3.52%

Northwest Bank lent most frequently to those with DTI ratios of 20-30%, with 921 originations. The next most common DTI ratio? 30-36%, with 655 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,836 $518,890,000 $182,965 $2,339 2.94%
Not provided 421 $92,975,000 $220,843 $2,402 2.96%
Not applicable 165 $37,415,000 $226,758 $0 4.00%
Asian 39 $8,275,000 $212,179 $2,256 2.98%
Black 18 $4,410,000 $245,000 $2,482 3.40%
Asian Indian 5 $1,285,000 $257,000 $1,294 2.73%
American Indian 3 $265,000 $88,333 $2,099 3.38%
Chinese 1 $205,000 $205,000 $3,472 3.00%
Other Asian 1 $45,000 $45,000 $0 3.75%
Other Pacific Islander 1 $35,000 $35,000 $0 1.99%

Approval Rates

Total approvals of all applications
96.63%

Northwest Bank 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
85.14%

Northwest Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 1 $35,000 $35,000
200.0 1 $5,000 $5,000
NA 3,488 $663,760,000 $190,298

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
3,490 $663,800,000 $190,201

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 370 $41,420,000 $111,946 $1,928 2.96%
40-60% 466 $91,400,000 $196,137 $1,939 2.89%
60-80% 1,165 $264,485,000 $227,026 $2,173 3.02%
80-100% 1,076 $243,810,000 $226,589 $2,709 3.01%
Over 100% 6 $1,900,000 $316,667 $10,982 2.52%
Under 20% 404 $20,730,000 $51,312 $745 3.03%

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 723 First Avenue South Fort Dodge, IA 50501 Full Service B&M $30,131
Northwest Bank 801 Sumner Avenue Humboldt, IA 50548 Full Service B&M $82,278
Northwest Bank 1008 18th Street Spirit Lake, IA 51360 Full Service B&M $174,575
Northwest Bank 10 North 29th Street Fort Dodge, IA 50501 Full Service B&M $168,708
Northwest Bank 818 West Seventh Street Sioux City, IA 51103 Full Service B&M $21,291
Northwest Bank 911 North Ankeny Boulevard Ankeny, IA 50021 Full Service B&M $74,126
Northwest Bank 9719 Giles Rd La Vista, NE 68128 Full Service B&M $39,053
Northwest Bank One North 6th Street Estherville, IA 51334 Full Service B&M $68,935
Northwest Bank 1009 Sw Oralabor Road Ankeny, IA 50023 Full Service B&M $52,168
Northwest Bank 111 Central Avenue Nw Le Mars, IA 51031 Full Service B&M $92,400
Northwest Bank 14320 Arbor Street Omaha, NE 68144 Full Service B&M $155,828
Northwest Bank 1802 Okoboji Avenue Milford, IA 51351 Full Service B&M $35,056
Northwest Bank 204 East State Street Algona, IA 50511 Full Service B&M $106,883
Northwest Bank 213 Duff Ave, Ste 3 Ames, IA 50010 Full Service B&M $6,799
Northwest Bank 242 North Main Avenue Sioux Center, IA 51250 Full Service B&M $94,671
Northwest Bank 46 North Okoboji Grove Road Arnolds Park, IA 51331 Full Service B&M $73,514
Northwest Bank 5700 University Ave West Des Moines, IA 50266 Full Service B&M $182,808
Northwest Bank 5801 Sunnybrook Drive Sioux City, IA 51101 Full Service B&M $100,056
Northwest Bank 705 North Grand Avenue Spencer, IA 51301 Full Service B&M $250,242
Northwest Bank 705 North Grand Avenue, Po Box 80 Spencer, IA 51301 Full Service B&M $0

For 2021, Northwest Bank had 20 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $69,046
Net interest income $63,291
Total noninterest income $29,776
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,306
Trading account gains and fees $0
Additional Noninterest Income $27,470
Pre-tax net operating income $32,749
Securities gains (or losses, -) $1
Income before extraordinary items $24,809
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $24,809
Minority interest net income $0
Net income $24,809
Sale, conversion, retirement of capital stock, net $0
Net operating income $24,808

Northwest Bank's gross interest income from loans was $69,046,000.
Northwest Bank's net interest income from loans was $63,291,000.
Northwest Bank's fee based income from loans was $2,306,000.
Northwest Bank's net income from loans was $24,809,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,755
Provision for credit losses $1,593
Total noninterest expense $58,725
Salaries and employee benefits $34,020
Premises and equipment expense $5,721
Additional noninterest expense $18,984
Applicable income taxes $7,941
Net charge-offs $135
Cash dividends $10,680

Northwest Bank's interest expense for loans was $5,755,000.
Northwest Bank's payroll and benefits expense were $34,020,000.
Northwest Bank's property, plant and equipment expenses $5,721,000.

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 $1,959,074
Deposits held in domestic offices $1,959,074
Deposits by Individuals, partnerships, and corporations $1,811,254
Deposits by U.S. Government $1
Deposits by States and political subdivisions in the U.S. $147,572
Deposits by Commercial banks and other depository institutions in U.S. $247
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,016,345
Demand deposits $1,016,345
Nontransaction accounts $942,729
Money market deposit accounts (MMDAs) $197,272
Other savings deposits (excluding MMDAs) $381,338
Total time deposits $364,119
Total time and savings deposits $942,729
Noninterest-bearing deposits $479,337
Interest-bearing deposits $1,479,737
Retail deposits $1,877,007
IRAs and Keogh plan accounts $37,150
Brokered deposits $6,043
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,278,779
Cash & Balances due from depository institutions $211,413
Interest-bearing balances $188,383
Total securities $398,163
Federal funds sold & reverse repurchase $0
Net loans and leases $1,551,486
Loan and leases loss allowance $21,863
Trading account assets $0
Bank premises and fixed assets $42,758
Other real estate owned $2,271
Goodwill and other intangibles $13,558
All other assets $59,130

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,278,779
Total Liabilities $2,092,474
Total deposits $1,959,074
Interest-bearing deposits $1,479,737
Deposits held in domestic offices $1,959,074
% insured (estimated) $73
Federal funds purchased and repurchase agreements $88,246
Trading liabilities $0
Other borrowed funds $27,500
Subordinated debt $0
All other liabilities $17,654

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,551,486
Loan and leases loss allowance $21,863
Total loans and leases (domestic) $1,573,349
All real estate loans $1,117,363
Real estate loans in domestic offices $1,117,363
Construction and development loans $143,666
Residential 1-4 family construction $40,011
Other construction, all land development and other land $103,655
Loans secured by nonfarm nonresidential properties $447,881
Nonfarm nonresidential secured by owner-occupied properties $166,343
Commercial real estate & other non-farm, non-residential $281,538
Multifamily residential real estate $80,109
1-4 family residential loans $330,400
Farmland loans $115,307
Loans held in foreign offices $0
Farm loans $123,827
Commercial and industrial loans $280,412
To non-U.S. addressees $0
Loans to individuals $29,838
Credit card loans $0
Related Plans $3,122
Consumer Auto Loans $20,093
Other loans to individuals $6,623
All other loans & leases $21,909
Loans to foreign governments and official institutions $0
Other loans $0
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 $1,285
Non 1-4 family restructured loans & leases $1,081
Total loans and leases (foreign) $0

Northwest Bank had $1,551,486,000 of loans outstanding in 2021. $1,117,363,000 of loans were in real estate loans. $143,666,000 of loans were in development loans. $80,109,000 of loans were in multifamily mortgage loans. $330,400,000 of loans were in 1-4 family mortgage loans. $123,827,000 of loans were in farm loans. $0 of loans were in credit card loans. $20,093,000 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 513 $129,543 $252,520
Nonfarm, nonresidential loans - <$100k 116 $5,338 $46,017
Nonfarm, nonresidential loans - $100-250k 159 $21,496 $135,195
Nonfarm, nonresidential loans - $250k-1MM 238 $102,709 $431,550
Commercial & Industrial, US addressed loans - <$1MM 1,507 $157,963 $104,820
Commercial & Industrial, US addressed loans - <$100k 868 $23,693 $27,296
Commercial & Industrial, US addressed loans - $100-250k 332 $32,558 $98,066
Commercial & Industrial, US addressed loans - $250k-1MM 307 $101,712 $331,309
Farmland loans - <$1MM 204 $34,253 $167,907
Farmland loans - <$100k 41 $1,916 $46,732
Farmland loans - $100-250k 87 $10,507 $120,770
Farmland loans - $250k-1MM 76 $21,830 $287,237
Agriculture operations loans - <$1MM 731 $70,649 $96,647
Agriculture operations loans - <$100k 431 $19,421 $45,060
Agriculture operations loans - $100-250k 174 $19,802 $113,805
Agriculture operations loans - $250k-1MM 126 $31,426 $249,413