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 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 by origination volume include: Des Moines, Spirit Lake, Omaha, Sioux City, and Spencer among others. We have data for 78 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%	11/21/24
30 Year Conventional Purchase	6.65%	11/21/24
30 Year Conventional Refi	6.60%	11/21/24
30 Year Cash-out Refi	6.69%	11/21/24
30 Year FHA Purchase	7.48%	11/21/24
30 Year FHA Refi	6.39%	11/21/24
30 Year VA Purchase	6.06%	11/21/24
30 Year USDA Purchase	6.84%	11/21/24
15 Year Conventional Purchase	5.93%	11/21/24
15 Year Conventional Refi	5.94%	11/21/24
15 Year Cash-out Refi	5.94%	11/21/24
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

3,490

Origination Dollar Volume (All Markets)

$663,800,000

Employee count

327

Awards

Northwest Bank 30 Year Conventional Loans gold

Northwest Bank 30 Year Conventional Loans silver

Northwest Bank 30 Year Conventional Loans bronze

Show all (16) 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)	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.

Their top states include:

Iowa (FHA|USDA|VA)

Nebraska (FHA|USDA|VA)

Minnesota (FHA|USDA|VA)

South Dakota (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.

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First Credit Union
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U.S. HOME MORTGAGE, INC.
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GREATER IOWA CREDIT UNION
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MUTUAL FIRST
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	2,564	$566,210,000	$220,831	$2,169	3.04%
HELOC	776	$69,300,000	$89,304	n/a	2.86%
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 2021, Northwest Bank's most frequently originated type of loan was Conventional, with 2,564 originations. Their 2nd most popular type was HELOC, with 776 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Northwest Bank's most frequently cited loan purpose was Home Purchase, with 1,497 originations. The 2nd most popular reason was 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 2021, Northwest Bank's most frequently cited loan duration was 30 Year, with 1,706 originations. The 2nd most popular length was 10 Year, with 828 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	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	26	$8,720,000	$335,385
$5k+	19	$16,535,000	$870,263
$4k-5k	12	$5,090,000	$424,167

Northwest Bank's average total fees were $2,569, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.01%, while their most frequently originated rate bucket for loans was 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
96.88%

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
85.47%

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	10 North 29th Street Fort Dodge, IA 50501	Full Service B&M	$168,708
Northwest Bank	1008 18th Street Spirit Lake, IA 51360	Full Service B&M	$174,575
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
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

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