Northwest Bank is a state-chartered bank headquartered in Spencer, Iowa, in business for about 38 years. At the end of Q2 2026 it reported $3.0B in total assets and $2.6B in deposits, with 22 offices across 2 states.
Based on its Q2 2026 filing, Northwest Bank scores 70/100, which we describe as strong. That is higher than 58% of 897 banks with $1 billion – $10 billion. Among 226 banks headquartered in Iowa, it ranks 131st. Its strongest component is problem-loan coverage (96/100; 1.8%), and its lowest is funding & liquidity (51/100; 94% loans-to-deposits, 29% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 6 points (64 → 70), mostly because the earnings component improved by 20 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 59 |
| Q3 2024 | 59 |
| Q4 2024 | 61 |
| Q1 2025 | 62 |
| Q2 2025 | 64 |
| Q3 2025 | 66 |
| Q4 2025 | 68 |
| Q1 2026 | 71 |
| Q2 2026 | 70 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.95% |
| Q3 2024 | 9.24% |
| Q4 2024 | 9.59% |
| Q1 2025 | 9.77% |
| Q2 2025 | 9.97% |
| Q3 2025 | 9.94% |
| Q4 2025 | 10.02% |
| Q1 2026 | 10.28% |
| Q2 2026 | 10.12% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.43% |
| Q3 2024 | 0.47% |
| Q4 2024 | 0.57% |
| Q1 2025 | 0.63% |
| Q2 2025 | 0.50% |
| Q3 2025 | 0.33% |
| Q4 2025 | 0.23% |
| Q1 2026 | 0.20% |
| Q2 2026 | 0.23% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.48% |
| Q3 2024 | 0.50% |
| Q4 2024 | 0.59% |
| Q1 2025 | 0.73% |
| Q2 2025 | 0.85% |
| Q3 2025 | 0.95% |
| Q4 2025 | 1.03% |
| Q1 2026 | 1.26% |
| Q2 2026 | 1.35% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 70 | $3.0B | 10.12% | 0.23% | 1.35% | 93.9% |
| Q1 2026 | 71 | $3.0B | 10.28% | 0.20% | 1.26% | 91.8% |
| Q4 2025 | 68 | $3.0B | 10.02% | 0.23% | 1.03% | 92.1% |
| Q3 2025 | 66 | $3.0B | 9.94% | 0.33% | 0.95% | 94.9% |
| Q2 2025 | 64 | $3.0B | 9.97% | 0.50% | 0.85% | 94.4% |
| Q1 2025 | 62 | $2.9B | 9.77% | 0.63% | 0.73% | 89.0% |
| Q4 2024 | 61 | $2.9B | 9.59% | 0.57% | 0.59% | 90.7% |
| Q3 2024 | 59 | $2.9B | 9.24% | 0.47% | 0.50% | 89.8% |
| Q2 2024 | 59 | $2.9B | 8.95% | 0.43% | 0.48% | 91.2% |
897 peers · $1 billion – $10 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Iowa
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Cedar Rapids Bank and Trust CompanyBank Cedar Rapids, IA | 87 out of 100, Very strong | $2.9B | 16.9% | 0.54% | vs |
| Quad City Bank and Trust CompanyBank Bettendorf, IA | 70 out of 100, Strong | $2.8B | 11.0% | 0.51% | vs |
| Fidelity Bank & TrustBank Dubuque, IA | 55 out of 100, Moderate | $2.6B | 9.0% | 1.26% | vs |
| United Bank of IowaBank Ida Grove, IA | 73 out of 100, Strong | $2.5B | 10.3% | 0.26% | vs |
| Bank IowaBank West Des Moines, IA | 54 out of 100, Below average | $2.3B | 8.9% | 1.38% | vs |
| Luana Savings BankBank Luana, IA | 70 out of 100, Strong | $2.3B | 9.7% | 0.11% | vs |
Deposit insurance
Is my money safe at Northwest Bank?
Yes. Northwest Bank is an FDIC-insured institution (FDIC certificate #32647). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 28.8% of deposits ($755.4M) are above the $250,000 FDIC insurance limit, below the peer median of 31%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 10.12%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.44% (benchmark: 10%).
22 locations
Branches
Northwest Bank lists 22 offices in 19 cities across 2 states. Most locations:
- Ankeny, IA (2)
- Creston, IA (2)
- Spencer, IA (2)
- Afton, IA (1)
- Algona, IA (1)
- Ames, IA (1)
- Arnolds Park, IA (1)
- Estherville, IA (1)
- Fort Dodge, IA (1)
- Humboldt, IA (1)
- La Vista, NE (1)
- Le Mars, IA (1)
HMDA 2025
Mortgage lending
In 2025, Northwest Bank reported 2,564 home-loan applications under HMDA (LEI 549300RBJCM5B02O5U05): 2,079 originated ($513,115,000 total), 135 denied, and 310 withdrawn or closed by the applicant. Its denial rate on decided applications was 6.0%, compared with 22.2% for all lenders nationwide.
Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.
Identity & history
Profile
- Legal name
- Northwest Bank
- Former names
- Northwest FSB
- Type
- State-chartered bank
- FDIC certificate #
- 32647
- RSSD ID
- 1387605
- Primary regulator
- FDIC
- Holding company
- Northwest Financial Corp
- Established
- December 30, 1988
- Headquarters
- 705 Grand Ave, Spencer, IA 51301
- Website
- www.nw.bank
- Employees
- 403
Quick answers
Northwest Bank: common questions
Is Northwest Bank FDIC insured?
Yes. Northwest Bank is an FDIC-insured institution (FDIC certificate #32647). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Northwest Bank's TellerScore?
70 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Northwest Bank ever failed?
There is no failure record for FDIC certificate #32647 in the FDIC failed bank list.
How many branches does Northwest Bank have?
22 offices as of the latest FDIC data, in 2 states.
Nearby
Highest-scoring banks and credit unions with branches near Spencer
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Citizens Community Credit UnionCredit union Fort Dodge, IA | 88 out of 100, Very strong | $253.6M | 19.1% | 0.73% | vs |
| The State BankBank Spirit Lake, IA | 83 out of 100, Strong | $88.4M | 11.7% | 0.00% | vs |
| West Iowa BankBank West Bend, IA | 82 out of 100, Strong | $222.1M | 11.9% | 0.01% | vs |
| First State BankBank Webster City, IA | 81 out of 100, Strong | $674.3M | 12.4% | 0.12% | vs |
| Savings BankBank Primghar, IA | 80 out of 100, Strong | $304.8M | 13.6% | 0.32% | vs |
| Security State BankBank Sutherland, IA | 77 out of 100, Strong | $492.3M | 11.1% | 0.23% | vs |