What is the Community Reinvestment Act?
The Community Reinvestment Act (CRA) is a landmark law enacted in 1977 to address systemic inequities in access to credit. The CRA encourages federally insured banks to help meet the credit needs of the communities in which they do business, especially low- and moderate-income communities, consistent with safe and sound operations.
We are proud of how we serve our community and are pleased to provide the following information for public inspection.
Assessment Area
Northwest Bank & Trust Company’s assessment area is Scott County, Iowa. The Bank’s policy is to effectively service this area and define it as our primary lending territory and deposit base. Northwest Bank & Trust Company presently has three locations: two in Davenport and one in Bettendorf. These locations serve as the base for the support of the community.
List of Locations, Addresses and Geographies
There is a map below of the Bank’s assessment area local community designating the areas primarily served by its offices located at:
| Location | MSA | State Code | County Code | Census Tract |
|---|---|---|---|---|
| 100 East Kimberly Road Davenport, IA 52806 | 19340 | 19 | 163 | 0128.02 |
| 1454 West Locust Street Davenport, IA 52804 | 19340 | 19 | 163 | 0112.00 |
| 2550 Middle Road Bettendorf, IA 52722 | 19340 | 19 | 163 | 0137.05 |
100 East Kimberly Road, Davenport, IA is the bank’s main office. All offices serve the same local community. The map also depicts each of the census tracts within the assessment area. The map reveals both Davenport office locations provide coverage of the moderate census tracts. Additionally, coverage of the eastern half of those census tracts is available from the Bettendorf office.
Persons with low to moderate incomes are those whose incomes are less than 80% of the median income. All of these census tracts are included within boundaries of the Bank’s assessment area.
The census tracts within the boundaries of the Bank’s assessment area include:
| (Data from 2022 FFIEC Census Report) | |
|---|---|
| Low Income | None |
| Moderate | 106, 107, 108, 110, 111, 112, 114, 119, 121, 122, 123, 125. 01, 128.02, 134 |
| Middle | 101.01, 101.04, 102.01, 103, 104.01, 113, 115, 116, 117, 118, 120, 124, 125.02, 126.01, 126.02, 127.01, 127.02, 128.01, 132, 133, 135, 136, 137.05 |
| Upper | 101.03, 102.02, 104.02, 129.01, 129.02, 130, 131, 137.02, 137.03, 137.06 |
List of Services
To promote the economic welfare of the Bank’s local community and serve the banking needs of its entire community, the Board of Directors has established that the following specific types of credits and deposits will be available to its local community.
- Consumer Credit extended for consumer, family, or household purposes.
- Installment Loans (i.e., home improvement, home equity, and vehicle loans)
- Home Equity Lines of Credit
- Commercial Loans extended to expand a business, acquire inventory, or provide a finished product include:
- Letters of Credit
- Lines of Credit
- Lines of Commitment
- Term Loans
- Small Business Administration Loans
- Real Estate Loans
- Construction and Land Development
- Secured by 1-4 Family Residential Properties
- Secured by Multi-Family (or more) Residential Properties
- Secured by Non-Farm Non-Residential Properties
- Tax Increment Financing
These services are available at all bank locations. Additional information about loan products can be obtained from the Retail and Commercial Loan Departments.
Deposit Products Include:
- Personal Services
- Basic Value Checking
- Student Checking
- Checking Plus
- Money Market Premiere
- Northwest Kid’s Club
- Statement Savings
- Certificates of Deposit
- Individual Retirement Accounts
- Safety Deposit Boxes
- Business Services
- Commercial Checking
- Checking With Interest
- Corporate Sweep
- Money Market Premiere
- Corporate Savings
These products and services are available at all bank locations. Additional information about these deposit products and transaction fees can be found in the personal and business service brochures in this file or from a New Accounts Representative.
Hours of Service (effective 1/1/23)
1. Northpark Tower, 100 East Kimberly Road, Davenport
- Lobby: Monday through Thursday 9:00 a.m. to 5:00 p.m. | Saturday 9:00 a.m. to 12:00 p.m.
- Drive-up Monday through Thursday 8:00 a.m. to 5:30 p.m. | Friday 8:00 a.m. to noon | Saturday 8:00 a.m. to noon
2. Locust Street, 1454 West Locust Street, Davenport
- Lobby Monday through Friday 9:00 a.m. to 5:00 p.m. | Saturday Closed
- Drive-up Monday through Friday 8:00 a.m. to 5:00 p.m. | Saturday Closed
2. Bettendorf Tower, 2550 Middle Road, Bettendorf
- Lobby Monday through Friday 9:00 a.m. to 5:00 p.m. | Saturday 9:00 a.m. to noon
- Drive-up Monday through Thursday 8:00 a.m. to 5:00 p.m. | Friday 8:00 a.m. to 5:30 p.m. | Saturday 8:00 a.m. to noon
Banking services are also provided 24 hours daily through Telebank, On-line Banking, Mobile Banking, and ATMs located at 100 East Kimberly Road, Davenport, Iowa; 1454 West Locust, Davenport, Iowa; 2550 Middle Road, Bettendorf, Iowa
Loan to Deposit Ratio
The quarterly net loan to deposit ratios:
- December 31, 2023 52.78%
- September 30, 2023 54.42%
- June 30, 2023 53.70%
- March 31, 2023 52.63%
- December 31, 2022 54.41%
- March 31, 2022 63.50%
- June 30, 2022 61.45%
Location Closed
No locations closed in 2023 or either of the previous two years.
Map
