Northwest Bank (Spencer, IA)
Northwest Bank (Spencer, IA) reported total assets of $3.0 bn at Q2 2026, up 1.6% on a year earlier, the 420th largest of 497 banks in our US coverage. The CET1 capital ratio at Northwest Bank (Spencer, IA) was 11.19%, and the uninsured share of Northwest Bank (Spencer, IA) was 28.80%. Source: FDIC Call Reports.
Key takeaways
- On noncurrent loans to total loans, Northwest Bank (Spencer, IA) climbed from 235th to 76th among 500 US banks between and (1 = lowest; FDIC Call Reports).
- Since , Northwest Bank (Spencer, IA) has taken over one institution; the latest was The First National Bank in Creston on (FDIC Call Reports).
What sets Northwest Bank (Spencer, IA) apart
How large is Northwest Bank (Spencer, IA)?
The balance sheet of Northwest Bank (Spencer, IA) at : assets $3.0 bn, deposits $2.6 bn, net loans $2.5 bn (loans equal to 93.89% of deposits). Securities make up 10.6% of total assets at Northwest Bank (Spencer, IA). Since , when Northwest Bank (Spencer, IA) held $1.4 bn, its assets grew 109.1%. In the year to , deposits at Northwest Bank (Spencer, IA) rose 5.5% while its total assets rose 1.6%. At , Northwest Bank (Spencer, IA) employed 403 full-time equivalent staff across 22 offices, about $7.4 mn of assets per employee and $119.2 mn of deposits per office.
How much funding at Northwest Bank (Spencer, IA) is uninsured?
At Northwest Bank (Spencer, IA), uninsured deposits (above the FDIC limit) made up 28.80% of domestic deposits at (+2.28 pp on a year earlier); Northwest Bank (Spencer, IA) ranks 334th of 500 on this measure. In dollars, Northwest Bank (Spencer, IA) estimated $755.4 mn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.6 bn | +5.5% | 398th of 499 |
| Net loans and leases | $2.5 bn | +5.0% | 370th of 500 |
| Loan-to-deposit ratio | 93.89% | -0.50 pp | 134th of 500 |
| Tier 1 leverage ratio | 10.12% | +0.15 pp | 280th of 500 |
| Total risk-based capital ratio | 12.44% | -0.26 pp | 389th of 448 |
| Net interest margin | 3.66% | +0.60 pp | 239th of 500 |
| Return on assets (ROA) | 1.35% | +0.50 pp | 220th of 500 |
| Efficiency ratio | 57.55% | -9.45 pp | 281st of 500 (1 = lowest) |
| Unrealized gain/loss on available-for-sale securities | Loss of $12.3 mn | Narrowed by $7.5 mn | |
| Noncurrent loans to total loans | 0.23% | -0.27 pp | 76th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.04% | +0.03 pp | 178th of 500 (1 = lowest) |
US rank of Northwest Bank (Spencer, IA): 1 = highest unless marked 1 = lowest.
Balance sheet
Northwest Bank (Spencer, IA): assets, deposits and loans
- Total assets $3.0bn
- Deposits $2.6bn
- Net loans $2.5bn
Capital and securities
The CET1 ratio of Northwest Bank (Spencer, IA) stood at 11.19% in , -0.26 pp year on year. Low and high at Northwest Bank (Spencer, IA) since : 9.98% () to 11.66% (). Equity capital of Northwest Bank (Spencer, IA) at : $295.0 mn, or 9.8% of total assets. Northwest Bank (Spencer, IA) also reported a total capital ratio of 12.44% for , and a tier 1 leverage ratio of 10.12%.
The available-for-sale portfolio of Northwest Bank (Spencer, IA) showed an unrealized loss of $12.3 mn at ; the loss narrowed by $7.5 mn over the year.
Northwest Bank (Spencer, IA): capital ratios
- Total capital 12%
- CET1 11%
- Tier 1 leverage 10%
Northwest Bank (Spencer, IA): unrealized securities gains and losses
- Available for sale -$12mn
- Held to maturity $0
Profitability and loan quality
For the year to , Northwest Bank (Spencer, IA) earned a return on equity of 13.67%; return on assets: 1.35%. Net interest margin at Northwest Bank (Spencer, IA): 3.66%, +0.60 pp in a year. Northwest Bank (Spencer, IA) net income: $20.1 mn, up 61.8% year on year. The efficiency ratio of Northwest Bank (Spencer, IA) was 57.55%: about 58 cents cost per revenue dollar, against 60 cents at the median peer.
At , noncurrent loans were 0.23% of total loans at Northwest Bank (Spencer, IA); net charge-offs: 0.04% of average loans. Gross loans and leases at Northwest Bank (Spencer, IA): $2.5 bn, up 5.0% in a year.
Northwest Bank (Spencer, IA): profitability
- Return on equity 14%
- Net interest margin 3.7%
- Return on assets 1.4%
Peer group of Northwest Bank (Spencer, IA)
The peer group of Northwest Bank (Spencer, IA) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Northwest Bank (Spencer, IA) (state nonmember bank), 6 sit in the same size group ($1 bn to $10 bn) and 0 have head offices in Iowa. Against them, Northwest Bank (Spencer, IA) shows CET1 ratio 11.19% against a peer median of 12.48%, return on equity 13.67% against a peer median of 10.76% and uninsured deposit share 28.80% against a peer median of 41.33%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| The Bank of Tampa | State nonmember bank | FL | $3.0 bn | 14.52% | 13.05% | 53.42% | |
| U. S. Century Bank | State nonmember bank | FL | $3.0 bn | 12.48% | 16.79% | 54.26% | |
| Southern Bancorp Bank | State member bank | AR | $3.0 bn | not reported | 6.80% | 39.23% | |
| Northwest Bank | State nonmember bank | IA | $3.0 bn | 11.19% | 13.67% | 28.80% | |
| Nelnet Bank | State nonmember bank | UT | $3.0 bn | not reported | 8.48% | 1.63% | |
| Susser Bank | State member bank | TX | $3.0 bn | 11.65% | 9.03% | 43.42% | |
| Maine Community Bank | State-chartered stock savings bank | ME | $3.0 bn | not reported | 12.49% | 15.63% | |
. FDIC Call Reports.
Last eight quarters
Two years at Northwest Bank (Spencer, IA), to : assets +2.8%, deposits +4.9%, equity +15.5%. Staff 396 to 403; offices 23 to 22.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.9 bn | $2.9 bn | $2.9 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.0 bn | $3.0 bn |
| Total deposits | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.6 bn |
| Bank equity capital | $255.5 mn | $258.8 mn | $267.8 mn | $277.2 mn | $284.5 mn | $291.5 mn | $295.1 mn | $295.0 mn |
| CET1 ratio | 11.39% | 11.61% | 11.66% | 11.45% | 11.35% | 11.62% | 11.60% | 11.19% |
| Return on equity (ROE) | 6.20% | 7.19% | 8.01% | 9.27% | 10.26% | 10.98% | 12.70% | 13.67% |
| Uninsured share of domestic deposits | 26.80% | 26.06% | 26.17% | 26.52% | 26.45% | 27.70% | 28.16% | 28.80% |
| Full-time equivalent employees | 396 | 399 | 393 | 406 | 405 | 392 | 396 | 403 |
| Number of offices | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 22 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Northwest Bank (Spencer, IA), oldest first; figures before and after each event are not like for like.
- . Absorbed The First National Bank in Creston (FDIC certificate 4444).
Questions and identifiers
What were the total assets of Northwest Bank (Spencer, IA)?
Northwest Bank (Spencer, IA) reported $3.0 bn at in its Call Report. That makes Northwest Bank (Spencer, IA) the 420th largest of 497 banks in our US coverage.
Is Northwest Bank (Spencer, IA) the same as its holding company?
No. This page covers Northwest Bank (Spencer, IA), FDIC certificate 32647; NORTHWEST FINANCIAL CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Northwest Bank (Spencer, IA) profitable?
Northwest Bank (Spencer, IA) reported net income of $20.1 mn for the year to ; annualized return on equity: 13.67%. So yes: Northwest Bank (Spencer, IA) made a profit over these months.
When is data for Northwest Bank (Spencer, IA) next updated?
Figures from Northwest Bank (Spencer, IA) for are due after .
Where can I check the figures for Northwest Bank (Spencer, IA)?
In the FDIC BankFind Suite record for certificate 32647, and in the Call Reports of Northwest Bank (Spencer, IA) (RSSD ID 1387605) at the FFIEC Central Data Repository.