🏦Bank Scorer

NORTHWEST BANK

SPENCER, IA · Supervised by FDIC

Est. 1988FDIC #32,647RSSD: FDIC-32647
Part ofNORTHWEST FINANCIAL CORP→ View all charters
Satisfactory Same

Current rating · Exam: October 2023

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Adequate

ROA 1.26%

Institution Profile

FDIC BankFind

Address

705 Grand Ave, SPENCER, IA

County

Clay County

Established

December 30, 1988

Total Assets

$3.0B(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

October 1, 2023

Exam Type

Large Bank

Regulator

FDIC
Estimated next exam:Oct 2027(based on asset size)

Financial Snapshot

As of Q1 2026Call Report / FDIC

Total Assets

$3.0B

Total Deposits

$2.6B

Net Loans

$2.4B

Net Income

$9M

ROA

1.26%

ROE

12.70%

Risk-Based Capital

12.85%

Regulatory minimum: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Community banks

Compared to the peer-bank Community peer group (same asset tier).

Mortgage Denial Rate15.74%Peer avg: 9.91%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Branch Footprint

FDIC SOD 2025

Total Branches

23

Branch Deposits

$2.5B

1-Year Change

0

5-year net change: +4 branches

Mortgage Lending

CFPB HMDA
YearApplicationsOrig. RateDenial Rate
20247,19970.55%15.74%
20239,14770.39%16.28%
202212,83674.42%12.39%
202117,58075.9%10.34%
202020,93474.82%10.25%
201913,42673.57%12.30%
201811,32272.55%12.37%

2024 national avg denial rate: 23.75% · Community bank avg: 9.91% · above-average shown in red

Rating History

CRA / FFIEC

Rating Trend

Stable

Based on last 3 exams

3 previous ratings locked — dating back to 2014

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Rating Over Time

🔒 Locked
OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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