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Northwest Bank
Spencer, IA · FDIC Certificate #32647 · Chartered 12/3
Total assets
$3.00B
Total deposits
$2.62B
Total equity
$294.96M
Net loans
$2.46B
Branches (offices)
22
Net income (YTD)
$20.08M
Rank: #426 of 4,213 U.S. banks by assets · #5 of 225 in Iowa. Assets changed 1.6% and deposits 5.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.35% |
| Return on equity | 13.67% |
| Net interest margin (YTD) | 3.66% |
| Equity to assets | 9.83% |
| Tier 1 leverage ratio | 10.12% |
| Uninsured deposits (share of deposits) | 28.8% |
| Noncurrent loans (share of loans) | 0.23% |
| Net charge-offs (share of loans) | 0.04% |
| Loans to deposits | 93.9% |
| Real estate loans (share of loans) | 76.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $1.88B | 76.2% | |
| Commercial & industrial | $339.02M | 13.8% | |
| Consumer / individual | $31.78M | 1.3% | |
| Construction & development | $166.78M | 6.8% | |
| Agricultural | $201.38M | 8.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $2.25B | $1.95B | $10.87M | $169.33M |
| Jun 2023 | $2.52B | $1.95B | $8.51M | $183.65M |
| Jun 2024 | $2.94B | $2.47B | $7.19M | $242.50M |
| Jun 2025 | $2.95B | $2.49B | $12.41M | $277.24M |
| Jun 2026 | $3.00B | $2.62B | $20.08M | $294.96M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Iowa | $2.40B | 20 |
| Nebraska | $225.46M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $2.62B.
Similar-sized banks
Uplift Bank ($3.01B) · Nelnet Bank ($3.00B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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