Northwest Bank
Spencer, IA
IDRSSD: 1387605
Total Assets
$2.95B
Latest filing
Total Deposits
$2.59B
Latest filing
Net Interest Margin
3.57%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
2 routesView all→
073915847SPENCER, IA273970682SPENCER, IA
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Northwest Bank
705 Grand Ave
Spencer, IA 51301
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/30/1988FDIC Certificate 45481
Branches (22)
Page 1 of 4| Name | Address | City / State |
|---|---|---|
| Northwest Bank (Main) | 705 Grand Ave | Spencer, IA |
| ESTHERVILLE BRANCH | 1 N 6th St | Estherville, IA |
| CRESTON HWY BRANCH | 801 W Taylor St | Creston, IA |
| LE MARS BRANCH | 111 Central Ave Nw | Le Mars, IA |
| HUMBOLDT BRANCH | 801 Sumner Ave | Humboldt, IA |
| ALGONA BRANCH | 204 E State St | Algona, IA |
| MILFORD BRANCH | 1802 Okoboji Ave | Milford, IA |
| CRESTON MAIN BRANCH | 101 W Adams St | Creston, IA |
Showing 7 of 22
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 12/30/1988 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 51301 |
| State and County Number | 19041 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Spencer, IA |
Operational Info
| Number of Employees | 405 |
| Domestic Offices | 23 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.nw.bank |
| Data Updated | 01/30/2026 |
| CERT | 32647 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $2.95B |
| Total Deposits | $2.59B |
| Total Liabilities | $2.66B |
| Total Equity Capital | $291.54M |
| Net Income | $9.36M |
| Net Loans and Leases | $2.39B |
| Assets Per Employee ($Millions) | $7.53M |
| Bank Premises and Fixed Assets | $49.46M |
| Cash and Balances due from Depository Institutions | $107.02M |
| Deposits Held in Domestic Offices | $2.59B |
Key Performance Ratios
| Return on Assets (ROA) | 1.26% |
| Return on Equity (ROE) | 13% |
| Net Interest Margin | 3.57% |
| Efficiency Ratio | 59.87% |
| Tier 1 Risk-Based Capital Ratio | 11.624% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.07% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.874% |
| Earning Assets to total Assets | 93.44% |
Income and Expense
| Total Interest Income | $38.28M |
| Total Noninterest Income | $7.12M |
| Total Interest Expense | $13.60M |
| Total Noninterest Expense | $19.16M |
| Net Interest Income | $24.68M |
| Pre-tax Net Operating Income | $12.13M |
| Provision for Credit Losses | $525.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $868.00k |
| Other borrowed funds | $32.50M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $33.82M |
| Total Liabilities and Capital | $2.95B |
Securities
| Securities | $303.51M |
| Available-for-sale debt securities | $303.37M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Northwest Bank?
$2.95B as of the latest filing.
How much are Northwest Bank's total deposits?
$2.59B in total deposits.
Where is Northwest Bank located?
Spencer, IA.
What is the Net Interest Margin?
3.57%.
How many domestic offices does it operate?
23.
When was it established?
12/30/1988.
What is the Return on Assets (ROA)?
1.26%.
How much are total loans and leases?
$2.39B (latest filing).
What is the total interest income (latest filing)?
$38.28M.