The Bank of Northern Michigan

The Bank of Northern Michigan is headquartered in Petoskey and is the 30^th largest bank in the state of Michigan. It is also the 1,787^th largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 38 employees at 3 locations. The Bank of Northern Michigan has a 4-star health rating.

Data for Q1 2012

Institution Statistics The Bank of Northern Michigan FDIC Certificate # 35324 BankRate Report View Year Established 2000 Employees 38 Primary Regulator FDIC Assets and Liabilities Assets $372.67 million Loans $261.91 million Deposits $308.94 million Equity Capital $32.62 million Loan Loss Allowance $4.51 million Unbacked Noncurrent Loans $5.26 million Real Estate Owned $1.25 million Historic Data - March 2011 Assets $364.92 million Equity Capital $30.81 million Loan Loss Allowance $4.31 million Unbacked Noncurrent Loans $6.06 million Real Estate Owned $1.48 million Profit Margin - Quarterly Net Interest Margin 3.36% Return on Assets 0.71% Return on Equity 8% Interest Income $3.98 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 The Bank of Northern Michigan had $6.52 million in non-current loans and owned real-estate with $37.13 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Northern Michigan a Texas Ratio of 17.55% 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 The Bank of Northern Michigan decreased slightly from 21.48% as of March 31, 2011 to 17.55% as of March 31, 2012, resulting in a positive change of 18.29%.This indicates that the balance sheet and financial strength for The Bank of Northern Michigan has improved slightly in recent periods. Deposit Growth In the past year, The Bank of Northern Michigan has increased its total deposits by $20.73 million, resulting in 7.19% 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 The Bank of Northern Michigan 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. The Bank of Northern Michigan has $372.67 million in assets with $37.13 million in equity, resulting in a capitalization level of 9.96%, which is average.

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