Northstar Bank (MI)

833 South Van Dyke
Bad Axe, MI 48413
www.northstarathome.com

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Northstar Bank (MI) is headquartered in Bad Axe and is the 52^nd largest bank in the state of Michigan. It is also the 2,603^rd largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 64 employees at 4 locations. Northstar Bank (MI) has a 4-star health rating.

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See Rates for: Checking | Savings | CD | IRA

Northstar Bank (MI) Checking Account Rates

Apy	Min	Max	Product
0.15%	$50k	-	Star Fund Checking Account
0.15%	$50k	-	Star Corporate Fund Checking Account
0.15%	$100k	-	Gold Star Municipal Checking Account

Northstar Bank (MI) Savings Account Rates

Apy	Min	Max	Product
0.10%	-	-	Health Savings Accounts
0.10%	-	-	Christmas Club Account
0.05%	-	-	Statement Savings Account
0.05%	-	-	Star Electronic Savings Account

Northstar Bank (MI) CD Rates

Apy	Min	Max	Product
1.35%	$50k	-	5 Year Fixed CD
1.10%	$50k	-	4 Year Fixed CD
0.80%	$50k	-	3 Year Fixed CD
0.55%	$50k	-	2 Year Fixed CD
0.40%	$50k	-	1 Year Fixed CD
0.20%	$50k	-	6 Month Fixed CD
0.10%	$500	-	16 Month Smart Savings CD
0.10%	$50k	-	3 Month Fixed CD
0.05%	$1k	-	7-89 Day Fixed CD

Northstar Bank (MI) IRA Rates

Apy	Min	Max	Product
1.35%	$50k	-	5 Year Fixed IRA
1.35%	$50k	-	5 Year Fixed Roth IRA
1.09%	$50k	-	4 Year Fixed IRA
1.09%	$50k	-	4 Year Fixed Roth IRA
0.80%	$50k	-	3 Year Fixed IRA
0.80%	$50k	-	3 Year Fixed Roth IRA
0.55%	$50k	-	2 Year Fixed IRA
0.55%	$50k	-	2 Year Fixed Roth IRA
0.40%	$50k	-	1 Year Fixed IRA
0.40%	$50k	-	1 Year Fixed Roth IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Northstar Bank
FDIC Certificate #	57097
BankRate Report	View
Year Established	2001
Employees	64
Primary Regulator	FDIC
Assets and Liabilities
Assets	$246.75 million
Loans	$194.81 million
Deposits	$214.45 million
Equity Capital	$24.93 million
Loan Loss Allowance	$5.26 million
Unbacked Noncurrent Loans	$4.85 million
Real Estate Owned	$318,000
Historic Data - March 2011
Assets	$235.02 million
Equity Capital	$25.47 million
Loan Loss Allowance	$5.87 million
Unbacked Noncurrent Loans	$4.40 million
Real Estate Owned	$1.12 million
Profit Margin - Quarterly
Net Interest Margin	4.44%
Return on Assets	1.64%
Return on Equity	15.84%
Interest Income	$3.07 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Northstar Bank (MI) had $5.17 million in non-current loans and owned real-estate with $30.19 million in equity and loan loss allowances on hand to cover it. This gives Northstar Bank (MI) a Texas Ratio of 17.13% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Northstar Bank (MI) increased slightly from 6.07% as of March 31, 2011 to 17.13% as of March 31, 2012, resulting in a negative change of 182.36%. This indicates that the balance sheet and financial strength for Northstar Bank (MI) has declined slightly in recent periods.
Deposit Growth
In the past year, Northstar Bank (MI) has increased its total deposits by $11.98 million, resulting in 5.92% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Northstar Bank (MI) has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Northstar Bank (MI) has $246.74 million in assets with $30.19 million in equity, resulting in a capitalization level of 12.23%, which is excellent.

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