Northwest Bank (Spencer, IA)
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Data as of · sourced from FFIEC call reports. How we update
Northwest Bank is an FDIC-insured commercial bank headquartered in Spencer, IA, established in 1988 (FDIC certificate 32647), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $3.00B, up 1.6% from Q2 2025, the 5th largest of 225 banks headquartered in Iowa. Its CET1 capital ratio was 11.19% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 32647
- Headquarters
- Spencer, IA
- Established
- 1988
- Total assets, Q2 2026
- $3.00B
- Assets vs Q2 2025
- +1.6%
- CET1 ratio, Q2 2026
- 11.19%
- Domestic offices
- 22 FDIC institution directory, current count
- Routing number
- 273970682
- Latest call report
- Q2 2026, FFIEC 051 · Northwest Bank call report
- Holding company
- NORTHWEST FINANCIAL CORP.
- Asset rank in state
- 5th of 225 in Iowa
Northwest Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $3.0 billion at June 30, 2026, up 1.6% from a year earlier; it is based in Spencer, Iowa. It holds common equity equal to 11.19% of its risk-weighted assets, lower than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 13.52%). On the other hand, it carries problem assets equal to 1.6% of the capital and reserves that would absorb them, about half the median of 3.6% for banks its size.
Earnings jumped: net income for the quarter was $11 million, 51% above the same quarter a year earlier. Its $339 million commercial and industrial book is improving, with 0.81% past due or on nonaccrual, down from 1.96% a year earlier.
As of June 30, 2026, Northwest Bank reported a CET1 capital ratio of 11.19%, a return on assets of 1.44%, a nonperforming-loan ratio of 0.23% and a Texas ratio of 1.58%. The figures come from its call report filed with the FFIEC.
Of the 225 banks headquartered in Iowa, Northwest Bank is the 5th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.1% to $3.00B, loans rose 2.7% and deposits rose 0.4%. 1-4 family residential loans made up 28.6% of its total loans on June 30, 2026, its largest category; next came non-owner-occupied commercial real estate loans at 15.5%. The FDIC Summary of Deposits lists 22 offices for it, in 19 cities across 2 states; its Fort Dodge office books 12% of its branch deposits. By the capital ratios in its Q2 2026 call report, Northwest Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 705 Grand Ave, Spencer, IA 51301
- County
- Clay
- Metro Area
- Spencer, IA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- December 30, 1988
- Domestic offices
- 22 FDIC institution directory, current count
- Employees (FTE)
- 403
- Domestic deposits
- $2.62B
- Allowance for credit losses
- $31.2M
- Net charge-offs (YTD)
- $490K
- Average total assets
- $2.99B
- Average total loans
- $2.46B
- Average interest-bearing deposits
- $2.14B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 32647
- Fed RSSD
- 1387605
- Website
- www.nw.bank →
- Parent Holding Company
- NORTHWEST FINANCIAL CORP. (RSSD 1978713)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Northwest Bank's total assets ranged from $2.55B (Q1 2024) to $3.00B (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$3.00B total assets against $2.95B; $2.70B total liabilities against $2.68B.
$2.46B net loans and leases against $2.35B; $2.62B total deposits against $2.49B.
$319.3M securities against $377.4M; $64.8M cash and balances due against $75.3M.
$38.6M total interest income against $35.7M; $12.5M total interest expense against $13.8M.
$26.1M net interest income against $21.9M.
$7.1M total noninterest income against $5.8M; $18.7M total noninterest expense against $18.0M.
$525K provision for credit losses against $525K.
$10.8M net income against $7.1M.
1.44% return on assets against 0.98%; 3.69% net interest margin against 3.18%.
11.19% CET1 capital ratio against 11.45%; 10.12% tier 1 leverage ratio against 9.97%.
Inside the full Northwest Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Northwest Bank rankings
Its closest position to the top of a national ranking is 418 of 4,196, for total assets; its furthest is 1,912 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 0.55% (Q3 2024) to 1.44% (Q2 2026) and its net interest margin ran from 2.64% (Q3 2024) to 3.69% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.19% | 1.44% | 0.23% | 1.58% | 3.69% |
| Q1 2026 | 11.60% | 1.26% | 0.20% | 1.56% | 3.56% |
| Q4 2025 | 11.62% | 1.25% | 0.23% | 1.74% | 3.50% |
| Q3 2025 | 11.35% | 1.15% | 0.33% | 2.21% | 3.37% |
| Q2 2025 | 11.45% | 0.98% | 0.50% | 3.58% | 3.18% |
| Q1 2025 | 11.66% | 0.73% | 0.63% | 4.59% | 2.89% |
| Q4 2024 | 11.61% | 0.88% | 0.57% | 4.33% | 2.83% |
| Q3 2024 | 11.39% | 0.55% | 0.47% | 3.58% | 2.64% |
Swipe the table sideways to see every column.
Branch Network
View all 22 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Fort Dodge Branch | Fort Dodge , IA | 50501 | $327.8M |
| Spencer Branch | Spencer , IA | 51301 | $289.3M |
| West Des Moines Branch | West Des Moines , IA | 50266 | $264.9M |
| Spirit Lake Branch | Spirit Lake , IA | 51360 | $183.0M |
| Omaha Branch | Omaha , NE | 68144 | $174.6M |
| Creston Main Branch | Creston , IA | 50801 | $169.1M |
| Sioux City Branch | Sioux City , IA | 51106 | $127.8M |
| Algona Branch | Algona , IA | 50511 | $120.2M |
| Arnolds Park Branch | Arnolds Park , IA | 51331 | $112.0M |
| Humboldt Branch | Humboldt , IA | 50548 | $107.4M |
| Le Mars Branch | Le Mars , IA | 51031 | $104.5M |
| Shenandoah Branch | Shenandoah , IA | 51601 | $102.0M |
| Sioux Center Branch | Sioux Center , IA | 51250 | $97.6M |
| Estherville Branch | Estherville , IA | 51334 | $79.4M |
| Ankeny Oralabor Branch | Ankeny , IA | 50023 | $73.9M |
| Ankeny Blvd Branch | Ankeny , IA | 50023 | $70.9M |
| La Vista Branch | La Vista , NE | 68128 | $50.9M |
| Creston Hwy Branch | Creston , IA | 50801 | $46.2M |
| Milford Branch | Milford , IA | 51351 | $44.0M |
| Afton Branch | Afton , IA | 50830 | $39.5M |
| Ames Branch | Ames , IA | 50010 | $38.1M |
| Northwest Bank (main office) | Spencer , IA | 51301 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| May 13, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 11, 2024 | Structure Change | Acquired The First National Bank in Creston Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 12, 2013 | Structure Change | Acquired First National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 11, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 26, 2006 | Structure Change | Acquired Gateway Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| August 25, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 1, 1992 | Structure Change | Acquired Home Federal Savings and Loan Association, Federal Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| December 31, 1988 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| December 31, 1988 | Structure Change | Acquired Home Federal Savings and Loan Association of Spencer Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 9 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- None against the institution on file; 1 against individuals associated with it
- Period: Most recent action March 13, 2006. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.8% of deposits in IA, rank 9 of 261 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 2,590 applications, 2,079 loans originated, $513.1M originated, across 24 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 16 loans, $3.3M approved, $205K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Northwest Bank
What are Northwest Bank's total assets?
As of the Q2 2026 filing, Northwest Bank reported total assets of $3.00 billion in its FFIEC call report.
Where is Northwest Bank headquartered?
It is headquartered in Spencer, IA, United States.
When was Northwest Bank founded?
It was established in 1988, per the FDIC institution directory.
Is Northwest Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #32647). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northwest Bank?
Northwest Bank's primary federal regulator is the FDIC.
What is Northwest Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.19% in its Q2 2026 call report, above regulatory requirements.
How many branches does Northwest Bank operate?
It operates 22 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northwest Bank's Texas Ratio?
Its Texas Ratio is 1.58% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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