Northwest Bank of Rockford
Rockford, Illinois · FDIC Cert #20666
This is the FDIC profile for Northwest Bank of Rockford, an FDIC-insured bank (Certificate #20666) with $434M in total assets and $371M in total deposits per its most recent FDIC Call Report filing (Q2 2024). Headquartered in Rockford, Illinois, the bank maintains a Tier 1 capital ratio of 9.39% (Well-Capitalized) and a nonperforming loan ratio of 3.62%. BankHealthData assigns a composite Health Grade of C (51/100) based on quarterly FDIC filings. All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Northwest Bank of Rockford (FDIC cert 20666) is a community bank — $434M in total assets, $371M in deposits, serving the Rockford, Illinois area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 9.39% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is elevated: non-performing loan ratio of 3.62% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is in the normal range: 19.5% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 1.57% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Northwest Bank of Rockford carries a composite BankHealth grade of C (51/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Northwest Bank of Rockford
- Total Assets
- $434M
- Total Deposits
- $371M
- Tier 1 Capital Ratio
- 9.39%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 3.62%
- Liquidity Ratio
- 19.49%
- Return on Assets
- 1.57%
- Headquarters
- Rockford, Illinois
- FDIC Certificate
- #20666
- Health Grade
- C (51/100)
- Latest Call Report
- Q2 2024
FDIC Filings & Call Report Data
Northwest Bank of Rockford files quarterly Call Reports with the FDIC under Certificate #20666. The figures on this page reflect the Q2 2024 Call Report, which is the most recent FDIC filing currently available. Historical filings and Uniform Bank Performance Reports (UBPR) are accessible directly from the FDIC BankFind directory and the FFIEC Central Data Repository.
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Capital & Safety Analysis
According to FDIC financial data, Northwest Bank of Rockford holds a Tier 1 capital ratio of 9.39%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Northwest Bank of Rockford has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Northwest Bank of Rockford shows average financial health. While not alarming, its Health Score of 51/100 suggests some areas could be stronger. Your FDIC-insured deposits (up to $250,000) remain fully protected regardless.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Northwest Bank of Rockford Compares
Northwest Bank of Rockford’s Health Score of 51 is 30 points below the Illinois state average of 81 across 333 FDIC-insured banks. Its 9.39% Tier 1 capital ratio is 4.6 points below the US banking industry average near 14%. The 3.62% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.57% is in line with or above the national ROA benchmark of ~1.1%. Among 1514 similarly-sized banks, the average Health Score is 80, meaning this bank ranks below its size cohort. Site-wide, Northwest Bank of Rockford is 29 points below the portfolio average of 80.
Frequently Asked Questions
Northwest Bank of Rockford has a Bank Health Score of C (51/100), placing it in average financial health. It holds a Tier 1 capital ratio of 9.39%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Northwest Bank of Rockford's Tier 1 capital ratio of 9.39% and nonperforming loan ratio of 3.62% indicate an average risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Northwest Bank of Rockford is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #20666). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Northwest Bank of Rockford holds $434M in total assets and $371M in total deposits. It is headquartered in Rockford, Illinois (FDIC Certificate #20666).
Northwest Bank of Rockford's FDIC filings — including quarterly Call Reports and Uniform Bank Performance Reports — are filed under FDIC Certificate #20666 and available through the FDIC BankFind directory and the FFIEC Central Data Repository. The data on this page reflects the Q2 2024 Call Report.
Northwest Bank of Rockford has a Tier 1 capital ratio of 9.39%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 3.62%, and the return on assets is 1.57%.
Yes. Northwest Bank of Rockford is FDIC-insured (Certificate #20666). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An C grade on our Bank Health Score means 55-69/100 — average across capital, loan quality, and profitability. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Northwest Bank of Rockford's metrics are around average for the industry. There's no urgent action needed for FDIC-insured deposits, but it's worth monitoring quarterly updates. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.