Strength and Stability

Strength and Stability

• First, from the bank’s inception in 2008, Northwest Bank has been very conservative on its management of interest rate risk in both our loan and securities portfolios.
• We have consistently maintained high levels of capital at the bank, so that we can comfortably manage periods of market stress.
• From June 2022, the bank undertook a strategy to significantly increase liquidity and, as such, liquidity today is more than two times higher than 9 months ago. Today, cash and short-term, low volatility US Treasury bills total more than $265 million, more than 25% of total assets.
• Northwest Bank’s diverse customer base of profitable operating businesses and local individuals provide a stable foundation for both our deposit and loan customers.
• The US Treasury and the Federal Reserve have ensured stability in the banking system through recent actions.
• A number of customers have moved funds into Northwest Bank, demonstrating their confidence in the Bank’s strategy.
• During the past year, as we have maintained a very strong focus on managing interest rate risk and maintaining increased liquid asset levels, our profitability remains at or near the top of our peer banks.