Northwest Community Bank
FDIC #18229
📍 Winsted, Connecticut
Northwest Community Bank is a commercial bank (si) established in 07/15/1875. With assets of $1.07 Billion, it operates 15 domestic branches.
Customer Reviews
N/A ★
Based on 0 ratings
Write a Review
Reviews are moderated before posting. No profanity or personal attacks.
No reviews yet.
Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2025
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2025
Satisfactory
March 1, 2021
Satisfactory
March 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$1.07 Billion
Total Deposits$969.34 Million
Equity Capital$60.33 Million
Net Income$1.96 Million
📈 Performance
ROA0.24%
ROE4.00%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established07/15/1875
FDIC Cert18229
Holding CoConnecticut Mutual Holding Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2021
Merger / Acquisition
Acquired: Litchfield Bancorp
2021
Merger / Acquisition
Acquired: Collinsville Bank
2001
Name Change
Name became: Changed Institution Name To Northwest Community Bank.
1996
Merger / Acquisition
Acquired: Winsted Savings Bank
1980
Name Change
Name became: Changed Institution Name To Northwest Bank For Savings.