10QSB

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 10-QSB

(Mark One)

¨ Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended             .

x Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from 4/1/03 to 6/30/03.

Commission file number 0-24151

NORTHWEST BANCORPORATION, INC.

(Exact name of small business issuer as specified in its charter)

Washington	91-1574174
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer identification No.)

421 West Riverside, Spokane, WA 99201-0403

(Address of principal executive offices)

(509) 456-8888

(Issuer’s telephone number, including area code)

APPLICABLE ONLY TO CORPORATE ISSUERS

The Registrant has a single class of common stock, of which there are 1,901,449 shares issued and outstanding as of June 30, 2003.

Transitional Small Business Disclosure Format:

Yes x     No ¨

Table of Contents

			Page
Part I		Financial Information	3
	Item 1.	Financial Statements	3
		Consolidated Statements of Condition—June 30, 2003 and December 31, 2002	3
		Consolidated Statements of Income—Three months and six months, year-to-date, ended June 30, 2003 and 2002	4
		Consolidated Statements of Cash Flow—Six-months, year-to-date ended June 30, 2003 and 2002	5
		Consolidated Statements of Stockholders’ Equity as of June 30, 2003 and 2002	6
		Notes to Consolidated Financial Statements	8
	Item 2.	Management’s Discussion and Analysis or Plan of Operation	10
	Item 3.	Controls and Procedures	10
Part II		Other Information	10
	Item 2.	Changes in Securities	10
	Item 4.	Submission of Matters to a Vote of Security Holders	10
	Item 6.	Exhibits and Reports on Form 8-K	10
Signatures			11
Certifications

2

Part I    Financial Information

Item 1.    Financial Statements

NORTHWEST BANCORPORATION, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CONDITION

June 30, 2003 and December 31, 2002

($ in thousands)

	June 30 2003		December 31 2002
Assets
Cash and due from banks	$	9,609	$	10,233
Federal funds sold/FHLB interest bearing balances		9,258		594
Securities held-to-maturity (Note 2)		2,098		1,938
Securities available-for-sale (Note 2)		36,036		52,312
Federal Home Loan Bank stock, at cost		610		592
Loans, net of allowance for loan losses of $2,291 in 2003 and $2,026 in 2002 (Notes 3 & 4)		141,387		135,024
Loans held for sale		2,532		664
Accrued interest receivable		955		1,063
Premises and equipment, net		3,361		3,566
Foreclosed real estate		1,477		1,112
Other assets		2,707		2,046
TOTAL ASSETS	$	210,030	$	209,144
Liabilities
Noninterest bearing demand deposits	$	32,971	$	31,519
Money Market accounts		50,006		46,821
NOW accounts		19,005		13,737
Savings accounts		5,729		4,810
Time Certificates of Deposit, $100,000 and over		20,952		23,211
Time Certificates of Deposit, under $100,000		40,610		45,959
TOTAL DEPOSITS		169,273		166,057
Securities sold under agreement to repurchase		15,934		17,970
Borrowed funds, Federal Home Loan Bank (Note 5)		5,797		6,587
Accrued interest payable and other liabilities		1,148		1,149
TOTAL OTHER LIABILITIES		22,879		25,706
TOTAL DEPOSITS & LIABILITIES		192,152		191,763
Stockholders’ Equity
Common stock, no par, 5,000,000 shares authorized; issued and outstanding 1,901,449 on June 30, 2003 and 1,898,752 on December 31, 2002 (Note 6)		15,357		14,325
Retained earnings		1,863		2,272
Accumulated other comprehensive income, net of tax of $339 for 2003 and $404 for 2002		658		784
TOTAL STOCKHOLDERS’ EQUITY		17,878		17,381
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	210,030	$	209,144

The accompanying Notes are an integral part of these condensed financial statements.

3

NORTHWEST BANCORPORATION, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF INCOME

Three months and six-months, year-to-date, ended June 30, 2003 and 2002

($ in thousands, except number of shares and per share information)

	Quarter ended June 30				Six-months, year-to-date
	2003		2002		2003		2002
Interest Income
Interest and fees on loans	$	2,470	$	2,567	$	4,824	$	5,068
Interest on securities		446		565		1,024		1,163
Interest on federal funds sold		32		16		56		28
TOTAL INTEREST INCOME		2,948		3,148		5,904		6,259
Interest Expense
Interest on deposits		694		796		1,424		1,607
Interest on securities sold under agreement to repurchase		22		72		52		130
Interest on borrowed funds		78		84		155		153
TOTAL INTEREST EXPENSE		794		952		1,631		1,890
NET INTEREST INCOME		2,154		2,196		4,273		4,369
Provision for loan losses		188		270		413		540
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		1,966		1,926		3,860		3,829
Noninterest Income
Fees and service charges		271		230		515		456
Net gain from sale of loans		239		131		399		238
Other noninterest income		115		112		274		211
TOTAL NONINTEREST INCOME		625		473		1,188		905
Noninterest Expense
Salaries and employee benefits		1,198		1,124		2,348		2,208
Occupancy/FF&E expense		185		202		369		392
Depreciation and amortization expense		118		125		238		245
Other operating expense		466		533		925		977
TOTAL NONINTEREST EXPENSE		1,967		1,984		3,880		3,822
INCOME BEFORE TAXES		624		415		1,168		912
Income tax expense		221		141		391		310
NET INCOME	$	403	$	274	$	777	$	602
	Quarter ended June 30				Six-months, year-to-date
	2003		2002		2003		2002
Weighted average shares outstanding (Note 6)		1,900,487		1,897,101		1,899,566		1,896,516
Basic earnings per share	$	0.21	$	0.14	$	0.41	$	0.32
Weighted average shares outstanding (Note 6)		1,900,487		1,897,101		1,899,566		1,896,516
Effect of dilutive securities		14,355		2,739		10,608		1,839
Weighted average shares outstanding, adjusted for dilutive securities		1,914,842		1,899,840		1,910,174		1,898,355
Earnings per share assuming full dilution	$	0.21	$	0.14	$	0.41	$	0.32

The accompanying Notes are an integral part of these condensed financial statements.

4

NORTHWEST BANCORPORATION, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOW

Six-months, year-to-date, ended June 30, 2003 and 2002

($ in thousands)

	Year-to-date
	2003			2002
Net income	$	777		$	602
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses		413			540
Depreciation and amortization		238			245
(Increase)/decrease in assets and liabilities:
Accrued interest receivable		108			7
Net (increase)/decrease in loans held for sale		(1,868	)		(200	)
Other assets		(597	)		(278	)
Accrued interest payable & other liabilities		(1	)		154
NET CASH PROVIDED BY OPERATING ACTIVITIES		(930	)		1,070
Cash flows from investing activities:
Net (increase)/decrease in federal funds sold/FHLB interest bearing balances		(8,664	)		3,023
Net (increase)/decrease in investment securities		15,908			(175	)
Net (increase)/decrease in loans		(6,776	)		(5,220	)
Purchase of premises and equipment net of gain or loss on asset disposal		(33	)		(735	)
Foreclosed real estate activity (net)		(365	)		(753	)
NET CASH PROVIDED/(USED) BY INVESTING ACTIVITIES		70			(3,860	)
Cash flows from financing activities:
Net increase/(decrease) in deposits		3,216			(1,528	)
Net increase/(decrease) in securities sold under agreement to repurchase		(2,036	)		(2,013	)
Net proceeds/(payments) from borrowed funds		(790	)		4,371
Cash received from stock sales (net)		30			18
Cash dividend paid/purchase partial shares created by stock dividend		(184	)		(2	)
NET CASH PROVIDED/(USED) BY FINANCING ACTIVITIES		236			846
Net increase/(decrease) in cash and cash equivalents		(624	)		(1,944	)
Cash and due from banks, beginning of year		10,233			8,710
CASH AND DUE FROM BANKS, END OF QUARTER	$	9,609		$	6,766

The accompanying Notes are an integral part of these condensed financial statements.

5

NORTHWEST BANCORPORATION, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

In Actual Dollars

As of June 30, 2003

	Total			Common Stock			Retained Earnings			Accumulated Comprehensive Income			Comprehensive Income
Balance, December 31, 2001	$	15,578,705		$	13,495,186		$	1,666,961		$	416,558
Net income 2002		1,418,702						1,418,702					$	1,418,702
Unrealized gains on available for sale securities		367,067									367,067			367,067
Comprehensive income														1,785,769
Proceeds from issuance of common stock		27,802			27,802
Repurchase of common stock		(9,161	)		(9,161	)
Fractional shares, issued in cash		(2,289	)					(2,289	)
Transfers		—			811,462			(811,462	)
Balance December 31, 2002		17,380,826			14,325,289			2,271,912			783,625
Net income, 2003, year-to-date		776,777						776,777						776,777
Unrealized losses on available for sale securities		(125,719	)								(125,719	)		(125,719	)
Comprehensive income													$	651,058
Proceeds from issuance of common stock		31,148			31,148
Repurchase of common stock		(1,241	)		(1,241	)
Cash dividend paid/purchase partial shares created by stock dividend		(183,620	)					(183,620	)
Transfers		—			1,002,252			(1,002,252	)
Balance, end-of-quarter, June 30, 2003	$	17,878,171		$	15,357,448		$	1,862,817		$	657,906
Disclosure of 2003 reclassification amount:
Unrealized holding loss during period	$	(93,236	)
Reclassification adjustment for gains reported in net income		(32,483	)
Net unrealized loss on securities	$	(125,719	)

The accompanying Notes are an integral part of these condensed financial statements.

6

NORTHWEST BANCORPORATION, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

In Actual Dollars

As of June 30, 2002

	Total			Common Stock			Retained Earnings			Accumulated Comprehensive Income		Comprehensive Income
Balance, December 31, 2000	$	14,335,792		$	12,836,358		$	1,308,515		$	190,919
Net income 2001		1,188,815						1,188,815				$	1,188,815
Unrealized gains on available for sale securities		225,639									225,639		225,639
Comprehensive income													1,414,454
Proceeds from issuance of common stock		52,360			52,360
Repurchase of common stock		(221,532	)		(221,532	)
Fractional shares, issued in cash		(2,369	)					(2,369	)
Transfers		—			828,000			(828,000	)
Balance December 31, 2001		15,578,705			13,495,186			1,666,961			416,558
Net income, 2002, year-to-date		601,648						601,648					601,648
Unrealized gains on available for sale securities		89,634									89,634		89,634
Comprehensive income												$	691,282
Proceeds from issuance of common stock		27,802			27,802
Repurchase of common stock		(9,161	)		(9,161	)
Cash dividend paid/purchase partial shares created by stock dividend		(2,289	)					(2,289	)
Transfers		—			811,462			(811,462	)
Balance, end-of-quarter, June 30, 2002	$	16,286,339		$	14,325,289		$	1,454,858		$	506,192
Disclosure of 2002 reclassification amount:
Unrealized holding gains during period	$	88,685
Reclassification adjustment for losses reported in net income		949
Net unrealized gains on securities	$	89,634

The accompanying Notes are an integral part of these condensed financial statements.

7

Notes to Consolidated Financial Statements

NOTE 1.    Management Statement

In the opinion of the Company, the accompanying audited and unaudited Consolidated Financial Statements reflect all adjustments necessary for a fair presentation of the financial position of the Company as of June 30, 2003 and December 31, 2002, as well as the results of operations and changes in financial position for the three-month and six-month, year-to-date periods ended June 30, 2003 and 2002. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed statements be read in conjunction with the Independent Auditor’s Report and Financial Statements contained in the Company’s most recent Annual Report on Form 10-KSB as of December 31, 2002.

Certain reclassifications of June 30, 2002 balances have been made to conform to the June 30, 2003 presentation; there was no impact on net income or stockholders’ equity. Shares outstanding and calculation of earnings per share have been restated for the three-month and six-month, year-to-date periods ending June 30, 2002 to reflect the effect of a five-percent stock dividend effective for shareholders of record as of May 15, 2003.

NOTE 2.    Securities

Most of the securities are classified as available-for-sale and are stated at fair value, and unrealized holding gains and losses, net of related deferred taxes, are reported as a separate component of stockholders’ equity. Gains or losses on available-for-sale securities sales are reported as part of non-interest income based on the net proceeds and the adjusted carrying amount of the securities sold, using the specific identification method. Realized net gains of $32,483 are included in the financial results for the six-month, year-to-date period ending June 30, 2003. Realized net losses of $949 are included in the financial results for the three-month and six-month, year-to-date periods ending June 30, 2002. Carrying amounts and fair values at June 30, 2003 and December 31, 2002 were as follows (in thousands):

	June 30, 2003				December 31, 2002
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Securities available-for-sale:
US Treasury securities	$	7,152	$	7,263	$	7,190	$	7,328
Obligations of federal government agencies		18,525	$	19,061	$	31,638	$	32,253
Mortgage backed securities		4,878	$	5,142	$	6,870	$	7,252
Corporate Bonds		4,484	$	4,570		5,427		5,479
TOTAL	$	35,039	$	36,036	$	51,125	$	52,312
Securities held-to-maturity:
Obligations of states, municipalities and political subdivisions	$	2,098	$	2,161	$	1,938	$	1,962

8

NOTE 3.    Loans

Loan detail by category as of June 30, 2003 and December 31, 2002 is as follows (in thousands):

	June 30 2003		December 31 2002
Commercial loans	$	114,256	$	109,947
Real estate loans		18,069		16,675
Installment loans		4,426		4,295
Consumer and other loans		7,222		6,424
TOTAL LOANS	$	143,973	$	137,341
Allowance for loan losses		-2,291		-2,026
Net deferred loan fees		-295		-291
NET LOANS	$	141,387	$	135,024

NOTE 4.    Allowance for Loan Losses

The allowance for loan loss is maintained at levels considered adequate by management to provide for possible loan losses. The allowance is based on management’s assessment of various factors affecting the loan portfolio, including problem loans, business conditions and loss experience, and an overall evaluation of the quality of underlying collateral. Changes in the allowance for loan loss during the three-month and six-month, year-to-date periods ended June 30, 2003 and 2002 were as follows (in thousands):

	Three Months Ended				Year-to-date
	06/30/2003		06/30/2002		2003		2002
Balance, beginning of period	$	2,172	$	1,798	$	2,026	$	1,649
Provision for loan losses		188		270		413		540
Loan Charge-offs		91		192		173		318
Loan Recoveries		22		6		25		11
Balance, end of period	$	2,291	$	1,882	$	2,291	$	1,882

NOTE 5.    Borrowed Funds

The Company’s subsidiary, Inland Northwest Bank, has unsecured operating lines of credit with Key Bank of Washington for $6,000,000, US Bank for $1,500,000 and Zions Bank for $1,500,000. The Bank also has a secured line of credit with the Federal Home Loan Bank of Seattle (FHLB) for approximately $21,000,791 (10.0% of Bank assets.) There were no balances outstanding on any of the lines on June 30, 2003 or 2002. On December 31, 2002 there was $600,000 outstanding on the FHLB line. In addition to overnight funds, the Bank has access to long-term funding through the FHLB in the approximate amount of $10,500,395 (5.0% of Bank assets) and has taken advances to fund Community Investment Program and other loans utilizing these funds. Long-term notes payable to the FHLB were $5,796,568 on June 30, 2003 and $5,986,574 on December 31, 2002.

NOTE 6.    Common Stock

On February 18, 2003, the Board of Directors declared a five-percent stock dividend payable to shareholders of record as of May 15, 2003. Shares reported as outstanding as of December 31, 2002, as well as earnings per share and weighted average and actual shares outstanding for the three-month and six-month, year-to-date periods ending June 30, 2002, have been restated to reflect the stock dividend.

On February 18, 2003, the Board of Directors declared a ten-cent ($0.10) per share cash dividend, which was paid on April 4, 2003 to shareholders of record as of March 21, 2003.

9

Item 2.    Management’s Discussion and Analysis or Plan of Operation

The Registrant relied upon Alternative 2 in its registration statement filed on Form 10-SB; there is no information to provide in response to Item 6(a)(3)(i) to Model B of Form 1-A.

Item 3. Controls and Procedures

The officers signing this report: are responsible for maintaining internal controls; have designed such internal controls to ensure that material information relating to the Company and its consolidated subsidiary is made known to them by others within those entities, particularly for the period(s) for and in which this report was being prepared; have evaluated the effectiveness of the Company’s internal controls as of a date within 90 days prior to this report; and, believe that, as of the date of this report and for the periods presented, existing internal controls are effective and adequate based on their evaluation. There have been no significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Part II Other Information

Item 2.    Changes in Securities

A five-percent stock dividend was declared by the directors on February 18, 2003, payable to stockholders of record as of May 15, 2003; 90,545 shares [including 252 shares resulting from payment of partial shares in cash and the accumulation and sale of those partial shares to bank employees] were issued and delivered on June 13, 2003. During the second quarter of the 2003 fiscal year, the Registrant issued 2,700 shares of common stock to non-employee directors pursuant to the Registrant’s compensation plan for non-employee directors; this plan provides for the issuance of 200 shares annually to each non-employee director, with an additional 100 shares to the chairperson, provided completion of twelve months of service prior to the annual shareholder meeting.

The Registrant believes that the issuance of these shares of common stock was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933.

Item 4.    Submission of Matters to a Vote of Security Holders

The annual meeting of shareholders of the Registrant was held on Monday, May 19, 2003. In addition to the election of Directors described in the proxy material furnished to the shareholders pursuant to Regulation 14A, the shareholders also ratified the selection of Moss Adams, LLP, 601 West Riverside Avenue, Suite 1800, Spokane, Washington 99202-0663, as independent public accountants for the Company for the fiscal year ending December 31, 2003. 1,583,792 shares were voted in favor of the ratification with 162 shares being voted against or withheld, including abstentions and broker non-votes.

Item 6.    Exhibits and Reports on Form 8-K

(a) Exhibit 31.1

Certification of Randall L. Fewel, President and Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 31.2

Certification of Christopher C. Jurey, Executive Vice President and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.1

Certification of Randall L. Fewel, President and Chief Executive Officer pursuant to 18 U.S.C. 1350.

Exhibit 32.2

Certification of Christopher C. Jurey, Executive Vice President and Chief Financial Officer pursuant to 18 U.S.C. 1350.

(b) Reports on Form 8-K

The Company filed the following report on Form 8-K during the period covered by this Report:

Report filed April 16, 2003. On April 16, 2003 the Company issued a press release announcing financial information

for the first-quarter of 2003.

10

SIGNATURES

In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

NORTHWEST BANCORPORATION, INC.
By:	/s/    RANDALL L. FEWEL
	Randall L. Fewel, President and Chief Executive Officer

Date: August 7, 2003

In accordance with Section 12 of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

NORTHWEST BANCORPORATION, INC.
By:	/s/    CHRISTOPHER C. JUREY
	Christopher C. Jurey, Executive Vice President and Chief Financial Officer

Date: August 7, 2003

11

EX-31.1

EXHIBIT 31.1

CERTIFICATIONS

I, Randall L. Fewel, certify that:

1. I have reviewed this report on Form 10-QSB of Northwest Bancorporation, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report.

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects, the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report.

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the “Evaluation Date”);

c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date.

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies in the design or operation of the internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls; and

6. The registrant’s other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: August 7, 2003

By:	/s/     RANDALL L. FEWEL
	Randall L. Fewel, President and Chief Executive Officer

EX-31.2

EXHIBIT 31.2

I, Christopher C. Jurey, certify that:

1. I have reviewed this report on Form 10-QSB of Northwest Bancorporation, Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report.

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects, the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report.

4. The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;

b) evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the “Evaluation Date”);

c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date.

5. The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies in the design or operation of the internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls; and

6. The registrant’s other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: August 7, 2003

By:	/s/    CHRISTOPHER C. JUREY
	Christopher C. Jurey, Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Northwest Bancorporation, Inc. (the “Company”) on Form 10-QSB for the period ended June 30, 2003 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Randall L. Fewel, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as added by ss. 906 of the Sarbanes-Oxley Act of 2002, that:

(a) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(b) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.

A signed original of this written statement required by Section 906 has been provided to Northwest Bancorporation, Inc. and will be retained by Northwest Bancorporation, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

By:	/s/    RANDALL L. FEWEL
	Randall L. Fewel, President and Chief Executive Officer

Date: August 7, 2003

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Northwest Bancorporation, Inc. (the “Company”) on Form 10-QSB for the period ended June 30, 2003 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Christopher C. Jurey, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as added by ss. 906 of the Sarbanes-Oxley Act of 2002, that:

(a) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(b) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.

A signed original of this written statement required by Section 906 has been provided to Northwest Bancorporation, Inc. and will be retained by Northwest Bancorporation, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

By:	/s/    CHRISTOPHER C. JUREY
	Christopher C. Jurey, Executive Vice President and Chief Financial Officer

Date: August 7, 2003