Northwest Bank Mortgage Rates, Fees & Info

Spencer, IA

LEI: 549300RBJCM5B02O5U05

Tax ID: 42-1325507

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Northwest Bank is a smaller bank specializing in Refi and Home Purchase 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 by origination volume include: Des Moines, Spirit Lake, Omaha, Sioux City, and Spencer among others. We have data for 96 markets. (Some data included below & more in-depth data is available with an active subscription.)

Northwest Bank 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. Northwest Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	5.98%	4/21/24
30 Year Conventional Purchase	6.65%	4/21/24
30 Year Conventional Refi	6.60%	4/21/24
30 Year Cash-out Refi	6.69%	4/21/24
30 Year FHA Purchase	7.48%	4/21/24
30 Year FHA Refi	6.39%	4/21/24
30 Year VA Purchase	6.06%	4/21/24
30 Year USDA Purchase	6.84%	4/21/24
15 Year Conventional Purchase	5.93%	4/21/24
15 Year Conventional Refi	5.94%	4/21/24
15 Year Cash-out Refi	5.94%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Northwest Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Northwest Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

5,117

Origination Dollar Volume (All Markets)

$995,505,000

Employee count

337

Awards

Northwest Bank 30 Year Conventional Loans silver

Northwest Bank 30 Year Conventional Loans gold

Northwest Bank 30 Year Conventional Loans bronze

Show all (21) awards

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
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	1,449	$338,615,000	$233,689	$1,994	3.04%
Outside of Metro Areas	1,118	$162,790,000	$145,608	$2,019	3.11%
Spirit Lake, IA (FHA\|USDA\|VA)	645	$146,115,000	$226,535	$1,392	3.16%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	434	$96,190,000	$221,636	$1,895	3.14%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	445	$80,925,000	$181,854	$2,466	3.06%
Spencer, IA (FHA\|USDA\|VA)	358	$47,770,000	$133,436	$1,994	3.05%
Fort Dodge, IA (FHA\|USDA\|VA)	289	$33,525,000	$116,003	$1,960	3.30%
AMES, IA (FHA\|USDA\|VA)	78	$16,140,000	$206,923	$2,483	2.99%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	26	$9,880,000	$380,000	$2,414	3.01%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	30	$7,890,000	$263,000	$2,348	3.13%
Storm Lake, IA (FHA\|USDA\|VA)	39	$4,755,000	$121,923	$2,246	3.06%
SIOUX FALLS, SD (FHA\|USDA\|VA)	22	$4,340,000	$197,273	$2,242	2.95%
Mason City, IA (FHA\|USDA\|VA)	11	$2,745,000	$249,545	$1,598	2.99%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	3	$2,745,000	$915,000	$14,402	3.42%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	5	$2,145,000	$429,000	$3,426	3.10%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	10	$2,050,000	$205,000	$1,235	2.83%
Glenwood Springs, CO (FHA\|USDA\|VA)	2	$1,760,000	$880,000	$2,066	3.00%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	10	$1,750,000	$175,000	$1,047	3.31%
IOWA CITY, IA (FHA\|USDA\|VA)	9	$1,735,000	$192,778	$1,968	2.81%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	5	$1,635,000	$327,000	$3,237	3.15%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	4	$1,310,000	$327,500	$1,882	3.09%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	3	$1,155,000	$385,000	$3,696	3.44%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	4	$970,000	$242,500	$1,102	3.09%
LINCOLN, NE (FHA\|USDA\|VA)	6	$940,000	$156,667	$1,839	3.08%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	4	$930,000	$232,500	$2,145	2.69%
MANKATO, MN (FHA\|USDA\|VA)	4	$920,000	$230,000	$2,164	3.06%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	7	$895,000	$127,857	$1,561	3.23%
Spearfish, SD (FHA\|USDA\|VA)	2	$890,000	$445,000	$1,840	3.44%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	4	$790,000	$197,500	$986	2.91%
TUCSON, AZ (FHA\|USDA\|VA)	3	$765,000	$255,000	$1,932	3.38%
Carroll, IA (FHA\|USDA\|VA)	3	$715,000	$238,333	$1,872	3.13%
FORT COLLINS, CO (FHA\|USDA\|VA)	4	$700,000	$175,000	$2,263	2.69%
Clinton, IA (FHA\|USDA\|VA)	3	$695,000	$231,667	$1,904	2.88%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$685,000	$685,000	$13,045	3.63%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	2	$650,000	$325,000	$3,773	3.13%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	4	$570,000	$142,500	$2,783	2.50%
RACINE, WI (FHA\|USDA\|VA)	1	$555,000	$555,000	$0	4.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	1	$515,000	$515,000	$6,011	2.75%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$515,000	$515,000	$4,492	2.75%
Key West, FL (FHA\|USDA\|VA)	1	$515,000	$515,000	$4,451	2.38%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$465,000	$465,000	$2,119	3.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$465,000	$465,000	$2,269	3.38%
Yankton, SD (FHA\|USDA\|VA)	2	$460,000	$230,000	$2,101	2.94%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$455,000	$455,000	$6,234	4.13%
Vermillion, SD (FHA\|USDA\|VA)	2	$450,000	$225,000	$2,287	2.50%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$445,000	$445,000	$4,189	2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$435,000	$435,000	$4,858	2.25%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	2	$420,000	$210,000	$2,322	3.18%
Pella, IA (FHA\|USDA\|VA)	3	$415,000	$138,333	$2,036	2.88%
MADISON, WI (FHA\|USDA\|VA)	2	$400,000	$200,000	$0	3.38%
Fairmont, MN (FHA\|USDA\|VA)	2	$390,000	$195,000	$2,524	3.13%
Fergus Falls, MN (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,690	2.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$345,000	$345,000	$3,108	2.75%
Kearney, NE (FHA\|USDA\|VA)	1	$345,000	$345,000	$775	2.50%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$335,000	$335,000	$2,725	3.25%
Austin, MN (FHA\|USDA\|VA)	1	$335,000	$335,000	$1,690	2.75%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$335,000	$335,000	$2,596	2.13%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$335,000	$335,000	$3,199	5.13%
ST. CLOUD, MN (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,668	2.13%
Sonora, CA (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,243	2.88%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$305,000	$305,000	$115	2.63%
Albert Lea, MN (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,088	2.63%
Marshalltown, IA (FHA\|USDA\|VA)	2	$280,000	$140,000	$1,753	2.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$275,000	$275,000	$7,367	2.75%
Willmar, MN (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,370	2.50%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,008	2.63%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$245,000	$245,000	$2,531	2.00%
Grand Rapids, MN (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	2.63%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	1	$225,000	$225,000	$1,827	2.63%
Holland, MI (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	3.50%
New Ulm, MN (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,635	2.75%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,595	2.88%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,152	2.38%
Ottumwa, IA (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	3.75%
Aberdeen, SD (FHA\|USDA\|VA)	1	$205,000	$205,000	$1,908	3.13%
Brainerd, MN (FHA\|USDA\|VA)	2	$200,000	$100,000	$3,031	3.31%
BISMARCK, ND (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,783	2.50%
Hutchinson, KS (FHA\|USDA\|VA)	1	$185,000	$185,000	$881	2.38%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,337	2.88%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,970	3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	3.25%
Columbus, NE (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,053	3.63%
LAWRENCE, KS (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	3.50%
GREELEY, CO (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	3.50%
Fremont, NE (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,367	3.00%
COLUMBIA, MO (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,927	3.50%
Muscatine, IA (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,431	2.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	2	$140,000	$70,000	$4,190	4.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,414	4.13%
Burlington, IA-IL (FHA\|USDA\|VA)	2	$120,000	$60,000	$2,256	3.00%
Jamestown, ND (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.88%
Hastings, NE (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.88%
Galesburg, IL (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,343	3.25%
Warrensburg, MO (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	7.13%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	3.75%
Norfolk, NE (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.

Their top states include:

Iowa (FHA|USDA|VA)

Nebraska (FHA|USDA|VA)

South Dakota (FHA|USDA|VA)

Minnesota (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Northwest Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

First PREMIER Bank
Similarity Rank: 80

United Bank of Iowa
Similarity Rank: 90

FINANCIAL PLUS Credit Union
Similarity Rank: 172

SIOUXLAND FEDERAL CREDIT UNION
Similarity Rank: 182

CREIGHTON FEDERAL CREDIT UNION
Similarity Rank: 207

KELLOGG MIDWEST FEDERAL CREDIT UNION
Similarity Rank: 252

GREATER IOWA CREDIT UNION
Similarity Rank: 276

MUTUAL FIRST
Similarity Rank: 288

Fidelity Bank
Similarity Rank: 387

LIBERTY FIRST
Similarity Rank: 396

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	4,127	$898,155,000	$217,629	$1,905	3.05%
HELOC	859	$75,915,000	$88,376	n/a	3.28%
FHA	55	$8,755,000	$159,182	$5,657	3.42%
USDA	47	$5,875,000	$125,000	$3,421	3.22%
VA	29	$6,805,000	$234,655	$4,597	2.93%

For 2020, Northwest Bank's most frequently originated type of loan was Conventional, with 4,127 originations. Their 2nd most popular type was HELOC, with 859 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	2,206	$476,320,000	$215,920	$1,673	2.97%
Home Purchase	1,584	$322,620,000	$203,674	$2,450	3.23%
Cash Out Refi	676	$140,760,000	$208,225	$2,055	2.97%
Other	375	$39,645,000	$105,720	$1,518	3.34%
Home Improvement	276	$16,160,000	$58,551	$495	3.32%

For 2020, Northwest Bank's most frequently cited loan purpose was Refi, with 2,206 originations. The 2nd most popular reason was Home Purchase, with 1,584 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,532	$589,320,000	$232,749	$2,132	3.09%
15 Year	1,084	$212,860,000	$196,365	$1,810	2.61%
10 Year	939	$88,705,000	$94,468	$1,211	3.32%
20 Year	273	$50,455,000	$184,817	$1,832	3.03%
5 Year	148	$31,290,000	$211,419	$200	4.11%
Other	126	$19,210,000	$152,460	$1,321	4.55%
1 Year	14	$3,290,000	$235,000	$0	4.29%
3 Year	1	$375,000	$375,000	$0	3.90%

For 2020, Northwest Bank's most frequently cited loan duration was 30 Year, with 2,532 originations. The 2nd most popular length was 15 Year, with 1,084 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	2,688	$578,540,000	$215,231
$1k-2k	1,276	$264,220,000	$207,069
$2k-3k	76	$17,400,000	$228,947
$3k-4k	22	$7,750,000	$352,273
$5k+	14	$9,540,000	$681,429
$4k-5k	5	$1,725,000	$345,000

Northwest Bank's average total fees were $2,132, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,688 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	1,911	$399,755,000	$209,186
3-4%	1,705	$328,995,000	$192,959
<2.5%	1,173	$225,405,000	$192,161
4-5%	211	$30,945,000	$146,659
5-6%	93	$8,425,000	$90,591
6-7%	17	$1,785,000	$105,000
7-8%	6	$170,000	$28,333
Over 8%	1	$25,000	$25,000

During 2020, Northwest Bank's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,911 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	1,787	$265,775,000	$148,727	$1,981	3.04%
$200k-400k	1,712	$467,880,000	$273,294	$1,974	2.98%
$100,000 or less	1,257	$69,295,000	$55,127	$1,925	3.36%
$400k-600k	321	$151,595,000	$472,259	$2,041	2.92%
$600k-1MM	28	$21,610,000	$771,786	$5,160	3.81%
$1MM+	12	$19,350,000	$1,612,500	$4,955	3.73%

2020 saw Northwest Bank place emphasis on $100k-200k loans with 1,787 originations, totaling $265,775,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	1,114	$233,520,000	$209,623	$1,910	3.03%
$50k-75k	1,000	$143,780,000	$143,780	$2,131	3.08%
$75k-100k	869	$151,805,000	$174,689	$2,008	3.09%
$150k-250k	730	$190,390,000	$260,808	$1,941	3.05%
$50k or less	693	$69,515,000	$100,310	$2,131	3.16%
$250k+	452	$150,770,000	$333,562	$2,029	3.07%

Northwest Bank lent most frequently to those with incomes in the $100k-150k range, with 1,114 originations. The second most popular income band? $50k-75k, with 1,000 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	1,473	$274,225,000	$186,168	$1,911	3.00%
30-36%	997	$189,175,000	$189,744	$2,052	3.06%
<20%	777	$141,095,000	$181,589	$1,723	3.01%
36%	170	$36,100,000	$212,353	$1,844	3.12%
39%	154	$31,310,000	$203,312	$1,977	3.18%
44%	147	$30,115,000	$204,864	$2,211	3.06%
43%	143	$28,415,000	$198,706	$2,111	3.22%
37%	140	$27,570,000	$196,929	$2,189	3.10%
42%	135	$32,945,000	$244,037	$2,361	3.14%
40%	134	$26,380,000	$196,866	$2,041	3.04%
41%	133	$27,295,000	$205,226	$2,061	3.05%
38%	127	$25,485,000	$200,669	$2,118	3.07%
45%	100	$20,140,000	$201,400	$2,400	3.14%
46%	83	$16,825,000	$202,711	$1,991	3.20%
47%	72	$14,790,000	$205,417	$2,098	3.12%
48%	62	$13,610,000	$219,516	$2,285	3.31%
49%	45	$9,495,000	$211,000	$2,250	3.09%
50-60%	42	$7,530,000	$179,286	$2,270	3.35%
>60%	8	$2,170,000	$271,250	$2,522	4.11%

Northwest Bank lent most frequently to those with DTI ratios of 20-30%, with 1,473 originations. The next most common DTI ratio? 30-36%, with 997 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	4,390	$836,450,000	$190,535	$2,001	3.07%
Not provided	487	$101,085,000	$207,567	$2,000	3.04%
Not applicable	136	$35,260,000	$259,265	$0	4.01%
Asian	48	$10,960,000	$228,333	$1,785	3.09%
Asian Indian	18	$4,570,000	$253,889	$573	2.72%
Black	20	$3,610,000	$180,500	$1,797	3.27%
American Indian	10	$1,710,000	$171,000	$2,000	3.04%
Other Asian	5	$1,095,000	$219,000	$2,134	3.43%
Korean	1	$575,000	$575,000	$8,006	3.75%
Chinese	1	$155,000	$155,000	$1,746	2.88%
Vietnamese	1	$35,000	$35,000	$0	2.99%

Approval Rates

Total approvals of all applications
96.86%

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
84.52%

Northwest Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
0.0	3	$45,000	$15,000
200.0	1	$25,000	$25,000
NA	5,113	$995,435,000	$194,687

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	21	$11,265,000	$536,429
Single Family (1-4 Units):Manufactured	22	$2,880,000	$130,909
Single Family (1-4 Units):Site-Built	5,074	$981,360,000	$193,410

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	467	$57,055,000	$122,173	$1,495	3.27%
40-60%	718	$147,560,000	$205,515	$1,814	2.94%
60-80%	2,034	$463,690,000	$227,970	$1,844	3.01%
80-100%	1,453	$304,035,000	$209,246	$2,345	3.13%
Over 100%	10	$2,520,000	$252,000	$7,279	3.21%
Under 20%	434	$20,620,000	$47,512	$688	3.41%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
NORTHWEST BANCSHARES INC	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	50.0%
NORTHWEST BANCSHARES INC	Conventional home mortgage	Trouble during payment process	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Northwest Bank	10 North 29th Street Fort Dodge, IA 50501	Full Service B&M	$126,610
Northwest Bank	1008 18th Street Spirit Lake, IA 51360	Full Service B&M	$144,682
Northwest Bank	1009 Sw Oralabor Road Ankeny, IA 50023	Full Service B&M	$25,046
Northwest Bank	111 Central Avenue Nw Le Mars, IA 51031	Full Service B&M	$90,126
Northwest Bank	14320 Arbor Street Omaha, NE 68144	Full Service B&M	$150,755
Northwest Bank	1802 Okoboji Avenue Milford, IA 51351	Full Service B&M	$31,914
Northwest Bank	204 East State Street Algona, IA 50511	Full Service B&M	$91,077
Northwest Bank	242 North Main Avenue Sioux Center, IA 51250	Full Service B&M	$98,837
Northwest Bank	46 North Okoboji Grove Road Arnolds Park, IA 51331	Full Service B&M	$67,301
Northwest Bank	5700 University Ave West Des Moines, IA 50266	Full Service B&M	$198,697
Northwest Bank	5801 Sunnybrook Drive Sioux City, IA 51101	Full Service B&M	$80,390
Northwest Bank	705 North Grand Avenue Spencer, IA 51301	Full Service B&M	$253,452
Northwest Bank	705 North Grand Avenue, Po Box 80 Spencer, IA 51301	Full Service B&M	$0
Northwest Bank	723 First Avenue South Fort Dodge, IA 50501	Full Service B&M	$26,246
Northwest Bank	801 Sumner Avenue Humboldt, IA 50548	Full Service B&M	$65,860
Northwest Bank	818 West Seventh Street Sioux City, IA 51103	Full Service B&M	$19,584
Northwest Bank	911 North Ankeny Boulevard Ankeny, IA 50021	Full Service B&M	$71,926
Northwest Bank	9719 Giles Rd La Vista, NE 68128	Full Service B&M	$36,997
Northwest Bank	One North 6th Street Estherville, IA 51334	Full Service B&M	$62,587

For 2020, Northwest Bank had 19 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$70,163
Net interest income	$59,143
Total noninterest income	$33,288
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,267
Trading account gains and fees	$0
Additional Noninterest Income	$31,021
Pre-tax net operating income	$30,884
Securities gains (or losses, -)	$47
Income before extraordinary items	$23,568
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$23,568
Minority interest net income	$0
Net income	$23,568
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$23,530

Northwest Bank's gross interest income from loans was $70,163,000.
Northwest Bank's net interest income from loans was $59,143,000.
Northwest Bank's fee based income from loans was $2,267,000.
Northwest Bank's net income from loans was $23,568,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$11,020
Provision for credit losses	$4,108
Total noninterest expense	$57,439
Salaries and employee benefits	$34,470
Premises and equipment expense	$4,829
Additional noninterest expense	$18,140
Applicable income taxes	$7,363
Net charge-offs	$1,022
Cash dividends	$14,322

Northwest Bank's interest expense for loans was $11,020,000.
Northwest Bank's payroll and benefits expense were $34,470,000.
Northwest Bank's property, plant and equipment expenses $4,829,000.

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	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	1.0%
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	$1,684,361
Deposits held in domestic offices	$1,684,361
Deposits by Individuals, partnerships, and corporations	$1,540,473
Deposits by U.S. Government	$6
Deposits by States and political subdivisions in the U.S.	$143,882
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$817,276
Demand deposits	$817,276
Nontransaction accounts	$867,085
Money market deposit accounts (MMDAs)	$163,744
Other savings deposits (excluding MMDAs)	$326,773
Total time deposits	$376,568
Total time and savings deposits	$867,085
Noninterest-bearing deposits	$394,642
Interest-bearing deposits	$1,289,719
Retail deposits	$1,592,189
IRAs and Keogh plan accounts	$37,678
Brokered deposits	$19,428
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,012,120
Cash & Balances due from depository institutions	$150,989
Interest-bearing balances	$117,139
Total securities	$190,184
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,575,764
Loan and leases loss allowance	$20,405
Trading account assets	$0
Bank premises and fixed assets	$36,819
Other real estate owned	$612
Goodwill and other intangibles	$11,345
All other assets	$46,407

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,012,120
Total Liabilities	$1,835,218
Total deposits	$1,684,361
Interest-bearing deposits	$1,289,719
Deposits held in domestic offices	$1,684,361
% insured (estimated)	$76
Federal funds purchased and repurchase agreements	$85,695
Trading liabilities	$0
Other borrowed funds	$45,000
Subordinated debt	$0
All other liabilities	$20,162

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,575,764
Loan and leases loss allowance	$20,405
Total loans and leases (domestic)	$1,596,169
All real estate loans	$1,072,990
Real estate loans in domestic offices	$1,072,990
Construction and development loans	$127,638
Residential 1-4 family construction	$28,261
Other construction, all land development and other land	$99,377
Loans secured by nonfarm nonresidential properties	$421,365
Nonfarm nonresidential secured by owner-occupied properties	$165,092
Commercial real estate & other non-farm, non-residential	$256,273
Multifamily residential real estate	$80,163
1-4 family residential loans	$339,396
Farmland loans	$104,428
Loans held in foreign offices	$0
Farm loans	$104,184
Commercial and industrial loans	$372,204
To non-U.S. addressees	$0
Loans to individuals	$29,755
Credit card loans	$0
Related Plans	$2,694
Consumer Auto Loans	$21,396
Other loans to individuals	$5,665
All other loans & leases	$17,036
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	$1,314
Non 1-4 family restructured loans & leases	$836
Total loans and leases (foreign)	$0

Northwest Bank had $1,575,764,000 of loans outstanding in 2020. $1,072,990,000 of loans were in real estate loans. $127,638,000 of loans were in development loans. $80,163,000 of loans were in multifamily mortgage loans. $339,396,000 of loans were in 1-4 family mortgage loans. $104,184,000 of loans were in farm loans. $0 of loans were in credit card loans. $21,396,000 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	538	$138,988	$258,342
Nonfarm, nonresidential loans - <$100k	121	$5,858	$48,413
Nonfarm, nonresidential loans - $100-250k	163	$22,200	$136,196
Nonfarm, nonresidential loans - $250k-1MM	254	$110,930	$436,732
Commercial & Industrial, US addressed loans - <$1MM	2,737	$209,130	$76,408
Commercial & Industrial, US addressed loans - <$100k	1,947	$49,459	$25,403
Commercial & Industrial, US addressed loans - $100-250k	436	$44,725	$102,580
Commercial & Industrial, US addressed loans - $250k-1MM	354	$114,946	$324,706
Farmland loans - <$1MM	199	$33,562	$168,653
Farmland loans - <$100k	43	$2,033	$47,279
Farmland loans - $100-250k	84	$10,093	$120,155
Farmland loans - $250k-1MM	72	$21,436	$297,722
Agriculture operations loans - <$1MM	724	$63,364	$87,519
Agriculture operations loans - <$100k	449	$16,626	$37,029
Agriculture operations loans - $100-250k	167	$19,221	$115,096
Agriculture operations loans - $250k-1MM	108	$27,517	$254,787