# NORTHWEST BANK
SPENCER, IA · FDIC certificate 32647 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *fortress*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $3.00B | |
| Deposits | $2.62B | |
| Loans and leases | $2.49B | |
| Total equity | $295.0M | |
| Loans / deposits | 93.89% (p71 of band) | 87.10% |
| Liquid assets / assets | 12.81% (p13 of band) | |
| Uninsured deposits / deposits | 28.80% (p44 of band) | 30.76% |
| Brokered deposits | 0.07% | |
| Wholesale funding | 1.72% (p27 of band) | |
| FHLB advances / assets | 1.65% | |
| Tier 1 leverage | 10.12% (p40 of band) | 10.50% |
| Unrealized securities loss / equity | -4.23% (p67 of band) | -7.75% |
| AOCI / equity | 0.19% (p87 of band) | |
| ROA (annualized) | 1.35% (p59 of band) | 1.26% |
| Net interest margin | 3.66% (p48 of band) | 3.70% |
| Efficiency ratio | 57.55% (p45 of band) | |
| Noncurrent loans | 0.23% (p26 of band) | 0.51% |
| Net charge-offs (annualized) | 0.03% (p56 of band) | |
| Reserve coverage of noncurrent | 533.01% | |
| Real estate % of loans | 75% | |
| Construction % of loans | 56.54% (p59 of band) | |
| Auto loans | $23.5M (0.94% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 5.5% | |
| Employees | 403 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 0 |  | reserve under noncurrent |
| 2011-12 | 0 |  |  |
| 2012-03 | 1 | reserve under noncurrent |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 2 | uninsured deposits leaving |  |
| 2013-03 | 1 |  | reserve under noncurrent |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | uninsured deposits leaving |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 2 | capital falling, charge-offs p90 |  |
| 2014-09 | 1 |  | capital falling |
| 2014-12 | 1 |  |  |
| 2015-03 | 0 |  | charge-offs p90 |
| 2015-06 | 0 |  |  |
| 2015-09 | 0 |  |  |
| 2015-12 | 0 |  |  |
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 0 |  |  |
| 2017-12 | 0 |  |  |
| 2018-03 | 0 |  |  |
| 2018-06 | 0 |  |  |
| 2018-09 | 0 |  |  |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | capital falling |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 0 |  | capital falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | capital falling |  |
| 2020-06 | 2 | loans exceed deposits |  |
| 2020-09 | 2 |  |  |
| 2020-12 | 1 |  | loans exceed deposits |
| 2021-03 | 0 |  | capital falling |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 0 |  |  |
| 2022-09 | 0 |  |  |
| 2022-12 | 0 |  |  |
| 2023-03 | 2 | wholesale funding >15%, capital falling |  |
| 2023-06 | 1 |  | capital falling |
| 2023-09 | 1 |  |  |
| 2023-12 | 2 | noncurrent p90 |  |
| 2024-03 | 1 | NIM <2.5% | wholesale funding >15%, noncurrent p90 |
| 2024-06 | 1 |  |  |
| 2024-09 | 0 |  | NIM <2.5% |
| 2024-12 | 0 |  |  |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 0 |  |  |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-21 [Former Northwest Bank & Trust office towers sold - KWQC](https://news.google.com/rss/articles/CBMihgFBVV95cUxNOFV2cmQxa19rQlFBMThaR2JTQ05IclhHNUNDMkZneExmaW45OFNNV01iVi1yaUlwQ0RTOVpEUzVnb0tzMmtoQm83R1dCYWlscGVOb0xYRFB0cmFvZlhHU2JKdy11RThQYkpMVTViOG5oc1k4M3otZVFnYWg1TEE1T2RFRDdGZ9IBmgFBVV95cUxPTmdZbE9ZeHE0cEptUzZjQTVLNTRuU2FiZUJwWmhkc2VfWDBlRnZYR3ZZZVpLbEhhUC1McFlULU1fWU1jYVMtZHZiNk9XMlc2bFlVeWlMeEdfT0pVamJRRmxxb2p2Z1R2cWgyTjBQYmlPNTdJOGdBZjUwREJCUGlabzZGbmxOdEQ0Z0hCenlfS0ZaVlZkRkNRMTVR?oc=5) · KWQC
- 2026-07-24 [Loutsch promoted at Northwest Bank - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMiuwFBVV95cUxNcnJvd0huTjZ5LU5RcjdwRF92QklKLUgwOExuT2s0ODQybWQycGZkNVRaVW9ncENUOWVUME9xQWlkbXBJcGtWRWl3bW5GZjY2ak1lMG1DbEdYaEZLQ3lmRGVqeDVwMWVtYl9LN1ZiSGFYb1doTVRTRFRLcVJvQmEzd1ZwV1dMV0hWS1FhcDFSbExGazF3U3pEeWFlc3lhU2NxMk03c0dHNjRiaHpxZFlDVzVhX1l6UGhfQzVZ?oc=5) · The N'West Iowa REVIEW
- 2024-11-25 [For Time Bank, Northwest Bank & Trust ‘felt like us to us’ - Quad Cities Business Journal](https://news.google.com/rss/articles/CBMijgFBVV95cUxNbEVBa2hQamt4amo4UFFKeFlMX1lVdGJLbk42Q2JVUmNRc3lhaHgxc0hyR0ttSWp6MHU0UDVIQjFta1psZU1JcjJxNGdXTGlxMjkxRXd0VDdST0o0akpLUk8ycnlUR3BNUXhtZHN3VXJZZlJYVURibW1MSzJ3ZEZlUnhTSE4yOGFZZnVOdk5n?oc=5) · Quad Cities Business Journal
- 2026-08-06 [Northwest Bank overhauls C-suite to drive transformation - Banking Dive](https://news.google.com/rss/articles/CBMikgFBVV95cUxQSExtSTVQQ1lfZWJSc3ZIbXNWMFNIa2cwbXBDcV9pR2RDOVpDVnVic0JZOUlMM2JqbHhDeFlTaFN4UGtLX1RXTTJVVmpXcW1xa3V0ckRCV3JWZE9UdVlJLVZ3QWtJVm4tMkFsMlBoMHBULV90Wk9weHMwaU9jUXZrUmEyOTJhOFVPNC1LT2RXanZ5QQ?oc=5) · Banking Dive
- 2025-10-01 [Northwest Bank celebrates Conover’s recognition as a 50-year banker - Dickinson County News](https://news.google.com/rss/articles/CBMizwFBVV95cUxPbTVtSDFCdkw3QmUybVR0Z1dTRzNuaFVhTWthT29mZHpSNmdEUjIzV2ktOHpCOGp1NlE0ZUhDS3hZSFp4QU9wUHlGdDBnT0xKelBlY0s3LVcwTl9Mb3U5S2ZfSzFsUGFuenhfSXFXNnQwaXlrX240QmNscnR2Mm1aYllybTF3NHRpZ3AxN2hMTmFIYkM0ME9tb1JFSUo5ZkMwdlNsaS02OXU5UHhRNmxJenBSR1FONnUxbVA1am44NXFYUmk0alE4TTN5QjdNS2M?oc=5) · Dickinson County News
- 2026-01-02 [Northwest Bank ships off house property | Sioux Center News - The N'West Iowa REVIEW](https://news.google.com/rss/articles/CBMivwFBVV95cUxOeUhpNGNxMGd5UnVrRmZteXRzZmZ4YXVrcFhKb2kzLTF3b19qTzJyOWxldS1YRlVxdGo2eHRPcHltWnp2a0dVODFRN2RPb21wcmp5dzJCMWNPWFBKcFhaX3N0a3dxRXZBUko5NzV1VWRrVExZc2dfSXprLTdvMk9aUDIxSTBFazRxd2d6cUlfcTkzem12R1Z5T1pqUkRmbDJNQlZCWnRoLWh4cjZBRTdYQWM1MXFnTnNtbUxHQUk3WQ?oc=5) · The N'West Iowa REVIEW
- 2024-07-24 [Northwest Bank & Trust has new owners - OurQuadCities](https://news.google.com/rss/articles/CBMiigFBVV95cUxOb1dsSTdVaG5VNlE3MHdqSDJyWWViNDFtdGpnYU05OURzekRfNnA5Zm9xeVhTa1h0RzIxN1hOZTFTS2ZWd29FVm14WlNLcEZMaTFwLWluWDh6VWxneU1oMUJhdGpfWUY1S3Ntd2xBMFRiMmhWWXRtVHpneldWdjBaOWRsdDk1cHNWOUHSAY8BQVVfeXFMTzZrMk0yZkVaV0RCVGlPZWVaTzlVRjY2bXNGWkdmRXdKS1RQUTJhOHRaVl95bUQ1LUFUMTVyUHdIVVJ1RzVGQ0szX1Fza0FMU0J3NkdOeEYwdG1rSUNjOEowQmFNVGR1UFgyOGJ4Q1AyYXZibl9iYVYtQXYwSkJqejk4OXk4WW5qOFVSbDRZNWc?oc=5) · OurQuadCities
- 2025-01-05 [Joe Slavens: Balancing community, banking and trust in the family business - The Quad-City Times](https://news.google.com/rss/articles/CBMikAFBVV95cUxOYzkwRmUzaTJrbk1odDFtYzQ1UTF1eUdRamJIRV8wUUtOcFh3ZVZFdHkxNDRvSUtlbkNfMlg5RGFmRFZyVDA2MjZpUFlhN0Q5T01wMFV4MzAxOGY4bkY4R2E3cV8wdF9rTUk1dkRPRUVWU25sRjNhdGFvcTZqOU1PbktBUE1HVm9tQXJSek92ejY?oc=5) · The Quad-City Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32647 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/7.json (key "32647", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide