Northwest Bank Mortgage Rates, Fees & Info
Warren, PALEI: LVR1UQE8OOCO93IHEB52
Tax ID: 23-2790930
5 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Northwest Bank is a small bank specializing in Cash Out 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 include Buffalo, Pittsburgh, Erie, Cleveland, and Lancaster among others. Northwest Bank has an 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 an average fee lendor.Originations
9,884Origination Dollar Volume (All Markets)
$1,770,230,000Employee count
2,332Awards
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Northwest Bank - 2021
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Relative Rate
Northwest Bank's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
Northwest Bank's average total fees for a 30 year fixed rate
mortgage are $4,571.
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 |
|---|---|---|---|---|---|
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1,747 | $329,415,000 | $188,560 | $3,547 | 3.25% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1,179 | $225,805,000 | $191,522 | $4,103 | 3.13% |
| ERIE, PA (FHA|USDA|VA) | 1,175 | $157,255,000 | $133,834 | $3,518 | 3.14% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 443 | $135,945,000 | $306,874 | $2,766 | 3.19% |
| LANCASTER, PA (FHA|USDA|VA) | 653 | $113,175,000 | $173,315 | $5,086 | 3.08% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 166 | $79,780,000 | $480,602 | $4,471 | 3.18% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 274 | $59,320,000 | $216,496 | $3,652 | 3.04% |
| Outside of Metro Areas | 510 | $58,670,000 | $115,039 | $2,611 | 3.26% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 214 | $47,220,000 | $220,654 | $4,828 | 3.05% |
| COLUMBUS, OH (FHA|USDA|VA) | 48 | $44,530,000 | $927,708 | $5,117 | 3.13% |
| LEBANON, PA (FHA|USDA|VA) | 214 | $30,120,000 | $140,748 | $2,742 | 3.19% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 191 | $28,555,000 | $149,503 | $2,413 | 3.19% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 229 | $27,725,000 | $121,070 | $3,047 | 3.37% |
| MUNCIE, IN (FHA|USDA|VA) | 217 | $27,475,000 | $126,613 | $2,245 | 3.32% |
| Warsaw, IN (FHA|USDA|VA) | 162 | $25,000,000 | $154,321 | $2,857 | 3.22% |
| Warren, PA (FHA|USDA|VA) | 236 | $24,860,000 | $105,339 | $2,191 | 3.41% |
| Meadville, PA (FHA|USDA|VA) | 219 | $24,135,000 | $110,205 | $2,628 | 3.30% |
| Oil City, PA (FHA|USDA|VA) | 202 | $20,820,000 | $103,069 | $2,126 | 3.38% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 112 | $20,040,000 | $178,929 | $4,546 | 3.08% |
| ROCHESTER, NY (FHA|USDA|VA) | 128 | $19,750,000 | $154,297 | $4,143 | 3.26% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 63 | $18,365,000 | $291,508 | $7,653 | 2.88% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $17,170,000 | $8,585,000 | $4,806 | 3.15% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 69 | $17,075,000 | $247,464 | $5,246 | 2.67% |
| Bradford, PA (FHA|USDA|VA) | 173 | $16,805,000 | $97,139 | $2,064 | 3.35% |
| St. Marys, PA (FHA|USDA|VA) | 145 | $13,645,000 | $94,103 | $1,897 | 3.20% |
| AKRON, OH (FHA|USDA|VA) | 65 | $13,445,000 | $206,846 | $3,315 | 3.15% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 77 | $11,295,000 | $146,688 | $2,390 | 3.17% |
| DuBois, PA (FHA|USDA|VA) | 100 | $10,350,000 | $103,500 | $2,869 | 3.31% |
| Olean, NY (FHA|USDA|VA) | 58 | $8,310,000 | $143,276 | $3,466 | 3.47% |
| FORT WAYNE, IN (FHA|USDA|VA) | 23 | $7,775,000 | $338,043 | $3,499 | 3.29% |
| Marion, IN (FHA|USDA|VA) | 77 | $7,645,000 | $99,286 | $2,204 | 3.20% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 53 | $7,395,000 | $139,528 | $3,448 | 3.17% |
| Lock Haven, PA (FHA|USDA|VA) | 44 | $6,790,000 | $154,318 | $2,436 | 3.46% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 39 | $6,125,000 | $157,051 | $2,651 | 3.09% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 29 | $5,465,000 | $188,448 | $2,830 | 3.01% |
| READING, PA (FHA|USDA|VA) | 31 | $5,165,000 | $166,613 | $4,318 | 3.17% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $5,075,000 | $5,075,000 | $0 | 4.13% |
| New Castle, PA (FHA|USDA|VA) | 30 | $4,900,000 | $163,333 | $3,923 | 3.11% |
| Seymour, IN (FHA|USDA|VA) | 22 | $4,470,000 | $203,182 | $3,591 | 3.20% |
| Huntingdon, PA (FHA|USDA|VA) | 32 | $3,610,000 | $112,813 | $1,961 | 3.39% |
| JOHNSTOWN, PA (FHA|USDA|VA) | 44 | $3,520,000 | $80,000 | $1,127 | 3.58% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $3,280,000 | $410,000 | $5,239 | 3.25% |
| Ashtabula, OH (FHA|USDA|VA) | 27 | $3,085,000 | $114,259 | $3,241 | 3.10% |
| GETTYSBURG, PA (FHA|USDA|VA) | 14 | $2,890,000 | $206,429 | $6,356 | 2.88% |
| Lewistown, PA (FHA|USDA|VA) | 32 | $2,840,000 | $88,750 | $1,438 | 3.35% |
| Sandusky, OH (FHA|USDA|VA) | 24 | $2,710,000 | $112,917 | $2,247 | 3.42% |
| Batavia, NY (FHA|USDA|VA) | 11 | $2,625,000 | $238,636 | $4,311 | 3.05% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,505,000 | $357,857 | $4,736 | 3.14% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 5 | $2,435,000 | $487,000 | $6,414 | 2.85% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $2,400,000 | $1,200,000 | $11,982 | 3.38% |
| NILES, MI (FHA|USDA|VA) | 6 | $2,180,000 | $363,333 | $3,742 | 2.46% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 13 | $2,105,000 | $161,923 | $2,894 | 2.99% |
| ALTOONA, PA (FHA|USDA|VA) | 9 | $1,955,000 | $217,222 | $4,027 | 3.07% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 10 | $1,920,000 | $192,000 | $5,547 | 3.14% |
| Somerset, PA (FHA|USDA|VA) | 10 | $1,760,000 | $176,000 | $3,898 | 3.03% |
| Pottsville, PA (FHA|USDA|VA) | 12 | $1,700,000 | $141,667 | $2,742 | 3.13% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 2 | $1,640,000 | $820,000 | $10,873 | 2.75% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 6 | $1,590,000 | $265,000 | $1,862 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $6,036 | 2.72% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $3,297 | 3.17% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 2 | $1,300,000 | $650,000 | $6,929 | 3.00% |
| SYRACUSE, NY (FHA|USDA|VA) | 6 | $1,300,000 | $216,667 | $4,225 | 3.58% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,265,000 | $253,000 | $8,199 | 3.18% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $1,235,000 | $411,667 | $4,914 | 3.54% |
| Plymouth, IN (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $2,480 | 3.16% |
| Lewisburg, PA (FHA|USDA|VA) | 5 | $1,135,000 | $227,000 | $3,545 | 2.60% |
| Urbana, OH (FHA|USDA|VA) | 5 | $1,025,000 | $205,000 | $3,199 | 3.48% |
| Sunbury, PA (FHA|USDA|VA) | 6 | $930,000 | $155,000 | $1,914 | 3.52% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $6,664 | 2.50% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 7 | $895,000 | $127,857 | $3,741 | 3.14% |
| SPARTANBURG, SC (FHA|USDA|VA) | 5 | $885,000 | $177,000 | $4,937 | 2.63% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $790,000 | $395,000 | $6,020 | 2.81% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,208 | 2.69% |
| SPRINGFIELD, OH (FHA|USDA|VA) | 4 | $730,000 | $182,500 | $2,905 | 2.91% |
| CANTON-MASSILLON, OH (FHA|USDA|VA) | 6 | $730,000 | $121,667 | $1,788 | 2.73% |
| Kendallville, IN (FHA|USDA|VA) | 7 | $725,000 | $103,571 | $2,342 | 2.93% |
| Norwalk, OH (FHA|USDA|VA) | 6 | $670,000 | $111,667 | $1,695 | 3.33% |
| TOLEDO, OH (FHA|USDA|VA) | 5 | $665,000 | $133,000 | $2,865 | 3.53% |
| Holland, MI (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $4,900 | 3.63% |
| COLUMBUS, IN (FHA|USDA|VA) | 4 | $660,000 | $165,000 | $2,858 | 2.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $7,680 | 3.33% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $3,733 | 2.92% |
| New Castle, IN (FHA|USDA|VA) | 5 | $565,000 | $113,000 | $2,460 | 3.15% |
| Indiana, PA (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $2,127 | 4.38% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,842 | 4.25% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,426 | 2.88% |
| KOKOMO, IN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,989 | 3.13% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $4,524 | 3.31% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $5,365 | 4.25% |
| Selinsgrove, PA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $4,579 | 2.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $7,344 | 2.50% |
| MORGANTOWN, WV (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $3,498 | 3.19% |
| Coldwater, MI (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.75% |
| Bedford, IN (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,727 | 3.16% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,070 | 2.88% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,419 | 3.00% |
| Scottsburg, IN (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,252 | 2.92% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $5,230 | 2.13% |
| Ashland, OH (FHA|USDA|VA) | 3 | $295,000 | $98,333 | $1,567 | 3.17% |
| Sayre, PA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $375 | 3.75% |
| Peru, IN (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $3,160 | 2.58% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 3.81% |
| Washington, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $1,833 | 3.13% |
| Bluffton, IN (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,544 | 3.06% |
| Corning, NY (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $1,613 | 3.04% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,793 | 3.13% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,261 | 2.88% |
| Wabash, IN (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $2,445 | 3.17% |
| STAUNTON, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,187 | 3.38% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,484 | 4.13% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,465 | 2.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $3,999 | 3.06% |
| Mount Vernon, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,451 | 3.25% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,449 | 2.88% |
| Huntington, IN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,153 | 3.25% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,551 | 3.13% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.25% |
| Zanesville, OH (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,766 | 2.25% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,927 | 3.25% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $2,723 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,102 | 3.50% |
| ITHACA, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,768 | 5.50% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $67 | 1.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,171 | 3.00% |
| Gaffney, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,315 | 2.88% |
| PARKERSBURG-VIENNA, WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,353 | 4.00% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,887 | 2.75% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $1,775 | 2.25% |
| Salem, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,328 | 2.38% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,598 | 2.63% |
| Richmond, IN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,421 | 2.63% |
| Vincennes, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,863 | 3.63% |
| Crawfordsville, IN (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $475 | 4.25% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,593 | 2.88% |
| Tiffin, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 3.38% |
Northwest Bank's top markets include Buffalo, Pittsburgh, Erie, Cleveland, and Lancaster among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 9,769 | $1,752,525,000 | $179,397 | $3,449 | 3.20% |
| FHA | 62 | $10,210,000 | $164,677 | $6,149 | 2.85% |
| USDA | 41 | $4,955,000 | $120,854 | $4,422 | 2.81% |
| VA | 12 | $2,540,000 | $211,667 | $5,835 | 2.69% |
For the 2021 period, Northwest Bank's most frequently originated loan type of loans were Conventional, with 9,769 originations. Their 2nd most popular type is FHA, with 62 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 3,854 | $639,960,000 | $166,051 | $3,123 | 3.07% |
| Home Purchase | 3,114 | $847,560,000 | $272,177 | $4,986 | 3.11% |
| Home Improvement | 1,261 | $83,905,000 | $66,538 | $270 | 3.61% |
| Other | 994 | $90,510,000 | $91,056 | $1,024 | 3.54% |
| Refi | 661 | $108,295,000 | $163,835 | $2,586 | 3.06% |
For the 2021, Northwest Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 3,854 originations. The 2nd most popular reason of loans were Home Purchase, with 3,114 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 3,546 | $808,400,000 | $227,975 | $4,571 | 3.10% |
| Other | 2,244 | $265,320,000 | $118,235 | $3,168 | 3.36% |
| 15 Year | 1,974 | $299,550,000 | $151,748 | $2,981 | 2.99% |
| 10 Year | 757 | $72,475,000 | $95,740 | $334 | 3.35% |
| 20 Year | 653 | $94,165,000 | $144,204 | $2,290 | 3.91% |
| 5 Year | 391 | $80,915,000 | $206,944 | $154 | 2.73% |
| 30+ year | 310 | $148,430,000 | $478,806 | $8,390 | 3.03% |
| 3 Year | 5 | $565,000 | $113,000 | $213 | 3.20% |
| 1 Year | 4 | $410,000 | $102,500 | $0 | 4.44% |
For the 2021, Northwest Bank's most frequently cited loan length of loans were 30 Year, with 3,546 originations. The 2nd most popular length of loans were Other, with 2,244 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 3,215 | $381,755,000 | $118,742 |
| $1k-2k | 2,519 | $509,805,000 | $202,384 |
| $2k-3k | 607 | $152,785,000 | $251,705 |
| $3k-4k | 515 | $152,975,000 | $297,039 |
| $5k+ | 414 | $162,400,000 | $392,271 |
$4,571 of loans were Northwest Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 3,215 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 4,008 | $798,640,000 | $199,261 |
| 3-4% | 3,748 | $685,440,000 | $182,882 |
| <2.5% | 1,182 | $201,290,000 | $170,296 |
| 4-5% | 719 | $70,375,000 | $97,879 |
| 5-6% | 138 | $8,620,000 | $62,464 |
| 6-7% | 73 | $4,945,000 | $67,740 |
| 7-8% | 15 | $905,000 | $60,333 |
| Over 8% | 1 | $15,000 | $15,000 |
During 2021, Northwest Bank's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 4,008 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 3,755 | $219,115,000 | $58,353 | $1,409 | 3.48% |
| $100k-200k | 3,397 | $479,005,000 | $141,008 | $3,198 | 3.04% |
| $200k-400k | 2,087 | $565,375,000 | $270,903 | $5,040 | 2.98% |
| $400k-600k | 419 | $200,115,000 | $477,601 | $7,577 | 2.98% |
| $600k-1MM | 182 | $133,990,000 | $736,209 | $8,646 | 3.03% |
| $1MM+ | 44 | $172,630,000 | $3,923,409 | $10,252 | 3.33% |
2021 saw Northwest Bank place emphasis on $100,000 or less loans with 3,755 originations, totaling $219,115,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 2,241 | $273,055,000 | $121,845 | $3,056 | 3.22% |
| $50k or less | 1,922 | $164,540,000 | $85,609 | $2,519 | 3.31% |
| $100k-150k | 1,899 | $350,735,000 | $184,695 | $3,922 | 3.13% |
| $75k-100k | 1,664 | $245,750,000 | $147,686 | $3,278 | 3.16% |
| $150k-250k | 1,208 | $318,500,000 | $263,659 | $4,658 | 3.02% |
| $250k+ | 541 | $223,495,000 | $413,115 | $6,026 | 3.02% |
Northwest Bank lent most frequently to those with incomes in the $50k-75k range, with 2,241 originations. The second most popular income band? $50k or less, with 1,922 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 2,605 | $430,855,000 | $165,395 | $3,467 | 3.11% |
| 30-36% | 2,012 | $317,570,000 | $157,838 | $3,424 | 3.19% |
| <20% | 1,125 | $195,405,000 | $173,693 | $3,618 | 2.97% |
| 42% | 476 | $68,820,000 | $144,580 | $2,569 | 3.47% |
| 40% | 441 | $73,155,000 | $165,884 | $3,487 | 3.34% |
| 41% | 417 | $66,025,000 | $158,333 | $3,284 | 3.35% |
| 39% | 398 | $65,850,000 | $165,452 | $3,375 | 3.34% |
| 38% | 392 | $66,570,000 | $169,821 | $3,363 | 3.20% |
| 36% | 372 | $59,160,000 | $159,032 | $3,110 | 3.21% |
| 37% | 366 | $59,450,000 | $162,432 | $3,476 | 3.23% |
| 44% | 284 | $45,820,000 | $161,338 | $4,113 | 3.28% |
| 43% | 235 | $45,375,000 | $193,085 | $4,149 | 3.21% |
| 45% | 130 | $25,520,000 | $196,308 | $4,125 | 3.07% |
| 49% | 126 | $19,580,000 | $155,397 | $3,501 | 3.18% |
| 47% | 109 | $23,355,000 | $214,266 | $4,320 | 3.19% |
| 48% | 105 | $22,185,000 | $211,286 | $4,666 | 3.15% |
| 46% | 92 | $16,690,000 | $181,413 | $4,091 | 3.00% |
| 50-60% | 22 | $4,530,000 | $205,909 | $5,565 | 2.81% |
| >60% | 2 | $230,000 | $115,000 | $3,665 | 2.69% |
Northwest Bank lent most frequently to those with DTI ratios of 20-30%, with 2,605 originations. The next most common DTI ratio? 30-36%, with 2,012 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 8,526 | $1,381,630,000 | $162,049 | $3,433 | 3.18% |
| Not provided | 902 | $165,490,000 | $183,470 | $3,654 | 3.16% |
| Not applicable | 134 | $155,300,000 | $1,158,955 | $0 | 4.25% |
| Asian | 135 | $32,385,000 | $239,889 | $4,363 | 2.97% |
| Black | 146 | $23,460,000 | $160,685 | $3,845 | 3.28% |
| Asian Indian | 11 | $5,565,000 | $505,909 | $8,464 | 2.85% |
| American Indian | 22 | $3,490,000 | $158,636 | $3,152 | 3.31% |
| Other Asian | 7 | $2,345,000 | $335,000 | $5,387 | 3.18% |
| Japanese | 1 | $565,000 | $565,000 | $5,926 | 2.88% |
Approval Rates
Total approvals of all applications86.80%
Northwest Bank has an average approval rate.
Pick Rate
Approvals leading to origination82.18%
Northwest Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,884 | $1,770,230,000 | $179,101 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 9,884 | $1,770,230,000 | $179,101 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1,685 | $144,935,000 | $86,015 | $1,262 | 3.30% |
| 40-60% | 1,695 | $272,005,000 | $160,475 | $2,872 | 3.05% |
| 60-80% | 2,939 | $727,235,000 | $247,443 | $4,112 | 3.13% |
| 80-100% | 2,492 | $576,870,000 | $231,489 | $4,691 | 3.09% |
| Over 100% | 5 | $765,000 | $153,000 | $6,094 | 2.23% |
| Under 20% | 1,067 | $48,395,000 | $45,356 | $247 | 3.69% |
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 | 10533 Perry Highway Wexford, PA 15090 | Full Service B&M | $46,774 |
| Northwest Bank | 101 East Main Street Mount Joy, PA 17552 | Full Service B&M | $156,789 |
| Northwest Bank | 101 Monroe Road Sarver, PA 16055 | Full Service B&M | $46,643 |
| Northwest Bank | 101 South Main Street Sheffield, PA 16347 | Full Service B&M | $25,426 |
| Northwest Bank | 101 West Spring Street Titusville, PA 16354 | Full Service B&M | $108,499 |
| Northwest Bank | 1010 East Main Street Gas City, IN 46933 | Full Service B&M | $30,358 |
| Northwest Bank | 1020 North Baldwin Avenue Marion, IN 46952 | Full Service B&M | $27,057 |
| Northwest Bank | 1035 Payne Avenue North Tonawanda, NY 14120 | Full Service B&M | $177,097 |
| Northwest Bank | 104 East Main Street Lock Haven, PA 17745 | Full Service B&M | $42,455 |
| Northwest Bank | 104 Winfield Drive Grove City, PA 16127 | Full Service B&M | $51,152 |
| Northwest Bank | 10444 U.S. Highway 522 South Lewistown, PA 17044 | Full Service B&M | $37,911 |
| Northwest Bank | 1048 East Main Street Palmyra, PA 17078 | Full Service B&M | $65,639 |
| Northwest Bank | 105 Chestnut Commons Drive Elyria, OH 44035 | Full Service B&M | $65,560 |
| Northwest Bank | 105 Petroleum Street Oil City, PA 16301 | Full Service B&M | $124,524 |
| Northwest Bank | 1688 Route 228 Cranberry Township, PA 16066 | Full Service B&M | $53,091 |
| Northwest Bank | 1690 Sheridan Drive Kenmore, NY 14223 | Full Service B&M | $199,368 |
| Northwest Bank | 170 Main Street Ridgway, PA 15853 | Full Service B&M | $100,909 |
| Northwest Bank | 1700 Roosevelt Avenue York, PA 17408 | Full Service B&M | $23,568 |
| Northwest Bank | 176 Lovell Avenue Ebensburg, PA 15931 | Full Service B&M | $23,521 |
| Northwest Bank | 1767 North Atherton Street State College, PA 16803 | Full Service B&M | $38,283 |
| Northwest Bank | 178 West Streetsboro Street Hudson, OH 44236 | Full Service B&M | $94,424 |
| Northwest Bank | 190 Stony Battery Road Salunga, PA 17538 | Full Service B&M | $49,281 |
| Northwest Bank | 1918 Minno Drive Johnstown, PA 15905 | Full Service B&M | $45,253 |
| Northwest Bank | 1945 Douglas Parkway Erie, PA 16509 | Full Service B&M | $96,715 |
| Northwest Bank | 2 East 4th Street Emporium, PA 15834 | Full Service B&M | $58,474 |
| Northwest Bank | 200 South Center Street Grove City, PA 16127 | Full Service B&M | $48,431 |
| Northwest Bank | 2000 South Madison Street Muncie, IN 47302 | Full Service B&M | $52,795 |
| Northwest Bank | 2300 Grand Island Boulevard Grand Island, NY 14072 | Full Service B&M | $211,593 |
| Northwest Bank | 23761 Western Ave South Bend, IN 46619 | Full Service B&M | $17,475 |
| Northwest Bank | 242 East Main Street Carnegie, PA 15106 | Full Service B&M | $25,890 |
| Northwest Bank | 25 North Barbara Street, P.O. Box 567 Mount Joy, PA 17552 | Limited, Drive-thru | $0 |
| Northwest Bank | 2502 East Third Street Williamsport, PA 17701 | Full Service B&M | $20,002 |
| Northwest Bank | 2513 West State Street Olean, NY 14760 | Full Service B&M | $26,749 |
| Northwest Bank | 25990 County Road #6 Elkhart, IN 46514 | Full Service B&M | $50,771 |
| Northwest Bank | 260 Murtland Avenue Washington, PA 15301 | Full Service B&M | $44,183 |
| Northwest Bank | 2850 Pearl Avenue Lorain, OH 44055 | Full Service B&M | $20,102 |
| Northwest Bank | 2863 West 26th St Erie, PA 16506 | Full Service B&M | $120,366 |
| Northwest Bank | 29 South Erie Street Mayville, NY 14757 | Full Service B&M | $28,902 |
| Northwest Bank | 2910 West Jackson Street Muncie, IN 47304 | Full Service B&M | $45,250 |
| Northwest Bank | 2981 Delaware Avenue Kenmore, NY 14217 | Full Service B&M | $34,883 |
| Northwest Bank | 355 Biddle Street Kane, PA 16735 | Limited, Drive-thru | $0 |
| Northwest Bank | 364 Connecticut Street Buffalo, NY 14213 | Full Service B&M | $33,581 |
| Northwest Bank | 3649 East Market Street York, PA 17402 | Full Service B&M | $75,088 |
| Northwest Bank | 3660 Oberlin Avenue Lorain, OH 44053 | Full Service B&M | $118,970 |
| Northwest Bank | 370 West Governor Road Hershey, PA 17033 | Full Service B&M | $65,723 |
| Northwest Bank | 3858 N Buffalo Rd Orchard Park, NY 14127 | Full Service B&M | $75,493 |
| Northwest Bank | 39 South St. Marys Street Saint Marys, PA 15857 | Full Service B&M | $127,158 |
| Northwest Bank | 4 Perry Street Union City, PA 16438 | Full Service B&M | $107,513 |
| Northwest Bank | 400 Jackson Run Road Warren, PA 16365 | Full Service B&M | $83,341 |
| Northwest Bank | 401 West State Street Albany, IN 47320 | Full Service B&M | $54,176 |
| Northwest Bank | 402 West Cleveland Road Mishawaka, IN 46545 | Full Service B&M | $57,387 |
| Northwest Bank | 410 Wilcox Road Johnsonburg, PA 15845 | Full Service B&M | $66,559 |
| Northwest Bank | 411 West Mckinley Mishawaka, IN 46545 | Full Service B&M | $22,548 |
| Northwest Bank | 603 Scenery Drive Elizabeth, PA 15037 | Full Service B&M | $47,251 |
| Northwest Bank | 61 Main Street Wellsboro, PA 16901 | Full Service B&M | $73,283 |
| Northwest Bank | 612 South Huntington Street Syracuse, IN 46567 | Full Service B&M | $13,392 |
| Northwest Bank | 629 Main Street Rimersburg, PA 16248 | Full Service B&M | $66,462 |
| Northwest Bank | 6525 Transit Road East Amherst, NY 14051 | Full Service B&M | $187,444 |
| Northwest Bank | 690 Kenmore Avenue Buffalo, NY 14216 | Full Service B&M | $67,715 |
| Northwest Bank | 701 Lancaster Road Manheim, PA 17545 | Full Service B&M | $29,479 |
| Northwest Bank | 7029 Us 322 Cranberry, PA 16319 | Full Service B&M | $63,501 |
| Northwest Bank | 710 Old Clairton Road Pittsburgh, PA 15236 | Full Service B&M | $69,621 |
| Northwest Bank | 730 Main Street Clarion, PA 16214 | Full Service B&M | $97,759 |
| Northwest Bank | 742 East Ireland Road South Bend, IN 46614 | Full Service B&M | $37,121 |
| Northwest Bank | 744 South Broad Street Lititz, PA 17543 | Full Service B&M | $49,440 |
| Northwest Bank | 7512 West Ridge Road Fairview, PA 16415 | Full Service B&M | $122,249 |
| Northwest Bank | East Lake Road Vermilion, OH 44089 | Full Service B&M | $71,019 |
| Northwest Bank | Mcgalliard Road & Oakwood Muncie, IN 47304 | Full Service B&M | $96,369 |
| Northwest Bank | Second At Liberty Warren, PA 16365 | Full Service B&M | $766,130 |
| Northwest Bank | 1 West Main Avenue Myerstown, PA 17067 | Full Service B&M | $59,224 |
| Northwest Bank | 1 West Third Street Jamestown, NY 14701 | Full Service B&M | $58,100 |
| Northwest Bank | 10 South 18th St Columbia, PA 17512 | Full Service B&M | $64,725 |
| Northwest Bank | 100 East Main Street Westfield, PA 16950 | Full Service B&M | $75,888 |
| Northwest Bank | 100 Fairgrounds Road Huntingdon, PA 16652 | Full Service B&M | $26,153 |
| Northwest Bank | 100 W Third Street Marion, IN 46952 | Full Service B&M | $85,239 |
| Northwest Bank | 100 West High Street Maytown, PA 17550 | Full Service B&M | $64,690 |
| Northwest Bank | 100 West Spruce Street Marienville, PA 16239 | Full Service B&M | $27,756 |
| Northwest Bank | 1000 Marketplace Drive Edinboro, PA 16412 | Full Service B&M | $83,599 |
| Northwest Bank | 105 West Academy Street Shinglehouse, PA 16748 | Full Service B&M | $32,996 |
| Northwest Bank | 1248 Abbott Road Lackawanna, NY 14218 | Full Service B&M | $76,507 |
| Northwest Bank | 125 Ludlow Street Warren, PA 16365 | Limited, Drive-thru | $0 |
| Northwest Bank | 125 Main Street Ridgway, PA 15853 | Limited, Drive-thru | $0 |
| Northwest Bank | 1275 South Market Street Elizabethtown, PA 17022 | Full Service B&M | $98,634 |
| Northwest Bank | 1301 Liberty Street Franklin, PA 16323 | Full Service B&M | $112,333 |
| Northwest Bank | 14 Lafayette Square Buffalo, NY 14203 | Full Service B&M | $188,914 |
| Northwest Bank | 1408 East Grandview Boulevard Erie, PA 16509 | Limited, Drive-thru | $0 |
| Northwest Bank | 1421 Pittsburgh Road Valencia, PA 16059 | Full Service B&M | $96,575 |
| Northwest Bank | 1450 N.E. 'a' Street Linton, IN 47441 | Full Service B&M | $49,311 |
| Northwest Bank | 1475 Main Street Coalport, PA 16627 | Full Service B&M | $47,006 |
| Northwest Bank | 151 Pittsburgh Road Butler, PA 16001 | Full Service B&M | $49,034 |
| Northwest Bank | 1531 Niagara Falls Blvd. Amherst, NY 14228 | Full Service B&M | $102,834 |
| Northwest Bank | 16 Main Street Wellsboro, PA 16901 | Limited, Drive-thru | $0 |
| Northwest Bank | 201 North Craig Street Pittsburgh, PA 15213 | Full Service B&M | $40,193 |
| Northwest Bank | 201 West Main Street New Holland, PA 17557 | Full Service B&M | $22,432 |
| Northwest Bank | 202 East Main Street Youngsville, PA 16371 | Full Service B&M | $53,948 |
| Northwest Bank | 2034 E Center St Warsaw, IN 46580 | Full Service B&M | $62,834 |
| Northwest Bank | 2070 George Urban Boulevard Depew, NY 14043 | Full Service B&M | $146,422 |
| Northwest Bank | 210 West Main Street Falconer, NY 14733 | Full Service B&M | $43,054 |
| Northwest Bank | 2100 Center Rd Avon, OH 44011 | Full Service B&M | $32,692 |
| Northwest Bank | 2101 South Tiger Drive Yorktown, IN 47396 | Full Service B&M | $63,291 |
| Northwest Bank | 2111 Liberty Drive Bloomington, IN 47403 | Full Service B&M | $53,102 |
| Northwest Bank | 219 West Market Street Warsaw, IN 46580 | Full Service B&M | $90,829 |
| Northwest Bank | 22 Franklin Village Mall Kittanning, PA 16201 | Full Service B&M | $65,270 |
| Northwest Bank | 2200 South Atherton Street State College, PA 16801 | Full Service B&M | $133,067 |
| Northwest Bank | 221 Elm Street Tionesta, PA 16353 | Full Service B&M | $32,152 |
| Northwest Bank | 301 Centreville Road Lancaster, PA 17601 | Full Service B&M | $32,477 |
| Northwest Bank | 302 North East Street Coudersport, PA 16915 | Full Service B&M | $92,595 |
| Northwest Bank | 3105 Niagara Falls Boulevard Amherst, NY 14228 | Full Service B&M | $129,465 |
| Northwest Bank | 311 East Fairmount Avenue Lakewood, NY 14750 | Full Service B&M | $121,646 |
| Northwest Bank | 315 East Main Street Jasonville, IN 47438 | Full Service B&M | $22,305 |
| Northwest Bank | 319 West Central Avenue Titusville, PA 16354 | Limited, Drive-thru | $0 |
| Northwest Bank | 32960 Walker Road Avon Lake, OH 44012 | Full Service B&M | $106,838 |
| Northwest Bank | 33 Main Street Bradford, PA 16701 | Full Service B&M | $170,366 |
| Northwest Bank | 3380 Washington Road Canonsburg, PA 15317 | Full Service B&M | $63,069 |
| Northwest Bank | 3407 Liberty Street Erie, PA 16508 | Full Service B&M | $87,785 |
| Northwest Bank | 34085 Center Ridge Road North Ridgeville, OH 44039 | Full Service B&M | $43,231 |
| Northwest Bank | 35 East Main Street North East, PA 16428 | Full Service B&M | $60,946 |
| Northwest Bank | 3517 Union Road Cheektowaga, NY 14225 | Full Service B&M | $40,168 |
| Northwest Bank | 414 Beaver Street Sewickley, PA 15143 | Full Service B&M | $28,802 |
| Northwest Bank | 426 State Street Curwensville, PA 16833 | Full Service B&M | $49,821 |
| Northwest Bank | 428 West Main Street Smethport, PA 16749 | Full Service B&M | $30,738 |
| Northwest Bank | 431 Washington Avenue Bridgeville, PA 15017 | Full Service B&M | $95,896 |
| Northwest Bank | 437 Cochran Road Mount Lebanon, PA 15228 | Full Service B&M | $36,217 |
| Northwest Bank | 4381 Military Road Niagara Falls, NY 14305 | Full Service B&M | $84,854 |
| Northwest Bank | 4435 Transit Road Williamsville, NY 14221 | Full Service B&M | $127,838 |
| Northwest Bank | 4525 Buffalo Road Erie, PA 16510 | Full Service B&M | $138,103 |
| Northwest Bank | 457 Broadway Lorain, OH 44052 | Full Service B&M | $156,617 |
| Northwest Bank | 475 Plank Road Webster, NY 14580 | Full Service B&M | $43,543 |
| Northwest Bank | 475 Theatre Drive Johnstown, PA 15904 | Full Service B&M | $78,412 |
| Northwest Bank | 48 North Washington Street Bloomfield, IN 47424 | Full Service B&M | $85,332 |
| Northwest Bank | 49 S Main Street Oberlin, OH 44074 | Full Service B&M | $82,139 |
| Northwest Bank | 50 South Main Street Mansfield, PA 16933 | Full Service B&M | $46,836 |
| Northwest Bank | 500 Center Street Lewiston, NY 14092 | Full Service B&M | $86,325 |
| Northwest Bank | 5066 Shaffer Road Du Bois, PA 15801 | Full Service B&M | $40,703 |
| Northwest Bank | 514 North Main Street North Webster, IN 46555 | Full Service B&M | $34,647 |
| Northwest Bank | 520 Front Street Fredericktown, PA 15333 | Full Service B&M | $46,623 |
| Northwest Bank | 532 Lincoln Avenue Pittsburgh, PA 15202 | Full Service B&M | $112,302 |
| Northwest Bank | 535 Smithfield Street, Suite 202 Pittsburgh, PA 15222 | Full Service B&M | $31,302 |
| Northwest Bank | 543 Brownsville Road Pittsburgh, PA 15210 | Full Service B&M | $37,434 |
| Northwest Bank | 546 North Center Street Lagrange, OH 44050 | Full Service B&M | $20,972 |
| Northwest Bank | 547 South Tenth Street Lebanon, PA 17042 | Full Service B&M | $89,200 |
| Northwest Bank | 55 East Avenue Lockport, NY 14094 | Full Service B&M | $163,909 |
| Northwest Bank | 56 Fraley Street Kane, PA 16735 | Full Service B&M | $40,836 |
| Northwest Bank | 5751 South Park Avenue Hamburg, NY 14075 | Full Service B&M | $97,978 |
| Northwest Bank | 768 Foote Avenue Jamestown, NY 14701 | Full Service B&M | $70,193 |
| Northwest Bank | 7709 Mcknight Road Pittsburgh, PA 15237 | Full Service B&M | $73,142 |
| Northwest Bank | 80 West Columbus Avenue Corry, PA 16407 | Full Service B&M | $60,102 |
| Northwest Bank | 800 State Street Erie, PA 16501 | Full Service B&M | $127,412 |
| Northwest Bank | 805 Main Street Niagara Falls, NY 14301 | Full Service B&M | $77,241 |
| Northwest Bank | 824 South St Marys Street Saint Marys, PA 15857 | Full Service B&M | $74,571 |
| Northwest Bank | 850 Main Street Volant, PA 16156 | Full Service B&M | $54,929 |
| Northwest Bank | 850 Pittsburgh Avenue Erie, PA 16505 | Full Service B&M | $102,538 |
| Northwest Bank | 860 Long Pond Road Rochester, NY 14612 | Full Service B&M | $47,892 |
| Northwest Bank | 870 East Washington Street Winchester, IN 47394 | Full Service B&M | $58,164 |
| Northwest Bank | 905 Main Street Sharpsburg, PA 15215 | Full Service B&M | $30,219 |
| Northwest Bank | 950 East Main Street Bradford, PA 16701 | Full Service B&M | $66,439 |
| Northwest Bank | 999 South Main Street Meadville, PA 16335 | Full Service B&M | $158,511 |
| Northwest Bank | 1055 Union Road West Seneca, NY 14224 | Full Service B&M | $55,273 |
| Northwest Bank | 1091 Eichelberger Street Hanover, PA 17331 | Full Service B&M | $22,202 |
| Northwest Bank | 110 East Charles St Muncie, IN 47305 | Full Service B&M | $205,587 |
| Northwest Bank | 11054 E Street Road 445 Bloomfield, IN 47424 | Full Service B&M | $22,857 |
| Northwest Bank | 1127 Zion Road Bellefonte, PA 16823 | Full Service B&M | $58,369 |
| Northwest Bank | 1175 Cleveland Avenue Amherst, OH 44001 | Full Service B&M | $107,138 |
| Northwest Bank | 1195 Manheim Pike Lancaster, PA 17601 | Full Service B&M | $93,163 |
| Northwest Bank | 1200 South Second Street Clearfield, PA 16830 | Full Service B&M | $63,489 |
| Northwest Bank | 121 South Church Street Mishawaka, IN 46544 | Full Service B&M | $122,453 |
| Northwest Bank | 121 West 26th Street Erie, PA 16508 | Full Service B&M | $185,931 |
| Northwest Bank | 1228 Jefferson Ave Buffalo, NY 14208 | Full Service B&M | $9,976 |
| Northwest Bank | 124 Middle Ave Elyria, OH 44035 | Full Service B&M | $87,687 |
For 2021, Northwest Bank had 169 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $442,556 |
| Net interest income | $423,093 |
| Total noninterest income | $143,398 |
| Gross Fiduciary activities income | $12,304 |
| Service charges on deposit accounts | $24,832 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $106,262 |
| Pre-tax net operating income | $210,947 |
| Securities gains (or losses, -) | $-176 |
| Income before extraordinary items | $161,944 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $161,944 |
| Minority interest net income | $0 |
| Net income | $161,944 |
| Sale, conversion, retirement of capital stock, net | $4,741 |
| Net operating income | $162,083 |
Northwest Bank's gross interest income from loans was $442,556,000.
Northwest Bank's net interest income from loans was $423,093,000.
Northwest Bank's fee based income from loans was $24,832,000.
Northwest Bank's net income from loans was $161,944,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $19,463 |
| Provision for credit losses | $-11,883 |
| Total noninterest expense | $367,427 |
| Salaries and employee benefits | $216,625 |
| Premises and equipment expense | $36,774 |
| Additional noninterest expense | $114,028 |
| Applicable income taxes | $48,827 |
| Net charge-offs | $20,303 |
| Cash dividends | $73,013 |
Northwest Bank's interest expense for loans was $19,463,000.
Northwest Bank's payroll and benefits expense were $216,625,000.
Northwest Bank's property, plant and equipment expenses $36,774,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 2.0% |
| Construction & Land Development loans | 1.0% |
| Nonfarm, nonresidential loans | 5.0% |
| 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 | 0.5% |
| 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 | $12,558,972 |
| Deposits held in domestic offices | $12,558,972 |
| Deposits by Individuals, partnerships, and corporations | $11,816,228 |
| Deposits by U.S. Government | $89 |
| Deposits by States and political subdivisions in the U.S. | $742,655 |
| 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 | $2,015,264 |
| Demand deposits | $1,628,899 |
| Nontransaction accounts | $10,543,708 |
| Money market deposit accounts (MMDAs) | $6,867,913 |
| Other savings deposits (excluding MMDAs) | $2,348,340 |
| Total time deposits | $1,327,455 |
| Total time and savings deposits | $10,930,073 |
| Noninterest-bearing deposits | $3,360,694 |
| Interest-bearing deposits | $9,198,278 |
| Retail deposits | $12,434,493 |
| IRAs and Keogh plan accounts | $284,274 |
| Brokered deposits | $11,447 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $14,606,175 |
| Cash & Balances due from depository institutions | $1,390,398 |
| Interest-bearing balances | $1,247,121 |
| Total securities | $2,316,746 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $9,916,620 |
| Loan and leases loss allowance | $102,241 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $209,160 |
| Other real estate owned | $873 |
| Goodwill and other intangibles | $399,895 |
| All other assets | $372,483 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $14,606,175 |
| Total Liabilities | $12,909,461 |
| Total deposits | $12,558,972 |
| Interest-bearing deposits | $9,198,278 |
| Deposits held in domestic offices | $12,558,972 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $139,093 |
| Trading liabilities | $0 |
| Other borrowed funds | $57,727 |
| Subordinated debt | $0 |
| All other liabilities | $153,669 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $9,916,620 |
| Loan and leases loss allowance | $102,241 |
| Total loans and leases (domestic) | $10,018,861 |
| All real estate loans | $7,327,056 |
| Real estate loans in domestic offices | $7,327,056 |
| Construction and development loans | $259,756 |
| Residential 1-4 family construction | $61,888 |
| Other construction, all land development and other land | $197,868 |
| Loans secured by nonfarm nonresidential properties | $2,083,185 |
| Nonfarm nonresidential secured by owner-occupied properties | $689,356 |
| Commercial real estate & other non-farm, non-residential | $1,393,829 |
| Multifamily residential real estate | $459,324 |
| 1-4 family residential loans | $4,436,188 |
| Farmland loans | $88,603 |
| Loans held in foreign offices | $0 |
| Farm loans | $12,669 |
| Commercial and industrial loans | $785,626 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,837,988 |
| Credit card loans | $50,532 |
| Related Plans | $11,141 |
| Consumer Auto Loans | $1,467,554 |
| Other loans to individuals | $308,761 |
| All other loans & leases | $55,522 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $35,436 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $39,006 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $10,381 |
| Non 1-4 family restructured loans & leases | $3,742 |
| Total loans and leases (foreign) | $0 |
Northwest Bank had $9,916,620,000 of loans outstanding in 2021. $7,327,056,000 of loans were in real estate loans. $259,756,000 of loans were in development loans. $459,324,000 of loans were in multifamily mortgage loans. $4,436,188,000 of loans were in 1-4 family mortgage loans. $12,669,000 of loans were in farm loans. $50,532,000 of loans were in credit card loans. $1,467,554,000 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 | 3,056 | $581,120 | $190,157 |
| Nonfarm, nonresidential loans - <$100k | 860 | $30,551 | $35,524 |
| Nonfarm, nonresidential loans - $100-250k | 1,026 | $120,361 | $117,311 |
| Nonfarm, nonresidential loans - $250k-1MM | 1,170 | $430,208 | $367,699 |
| Commercial & Industrial, US addressed loans - <$1MM | 4,776 | $310,833 | $65,082 |
| Commercial & Industrial, US addressed loans - <$100k | 3,587 | $85,321 | $23,786 |
| Commercial & Industrial, US addressed loans - $100-250k | 716 | $80,549 | $112,499 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 473 | $144,963 | $306,476 |
| Farmland loans - <$1MM | 466 | $65,037 | $139,564 |
| Farmland loans - <$100k | 171 | $6,845 | $40,029 |
| Farmland loans - $100-250k | 155 | $20,002 | $129,045 |
| Farmland loans - $250k-1MM | 140 | $38,190 | $272,786 |
| Agriculture operations loans - <$1MM | 287 | $9,599 | $33,446 |
| Agriculture operations loans - <$100k | 256 | $5,809 | $22,691 |
| Agriculture operations loans - $100-250k | 27 | $2,964 | $109,778 |
| Agriculture operations loans - $250k-1MM | 4 | $826 | $206,500 |
