The First National Bank of Norway

The First National Bank of Norway is headquartered in Norway and is the 96^th largest bank in the state of Michigan. It is also the 5,220^th largest bank in the nation. It was established in 1901 and as of March of 2012, it had grown to 29 employees at 5 locations. The First National Bank of Norway has a 4-star health rating.

The First National Bank of Norway Checking Account Rates

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The First National Bank of Norway IRA Rates

Data for Q1 2012

Institution Statistics The First National Bank of Norway FDIC Certificate # 13784 BankRate Report View Year Established 1901 Employees 29 Primary Regulator OCC Assets and Liabilities Assets $90.04 million Loans $60.91 million Deposits $78.76 million Equity Capital $10.27 million Loan Loss Allowance $655,000 Unbacked Noncurrent Loans $384,000 Real Estate Owned $814,000 Historic Data - March 2011 Assets $89.34 million Equity Capital $9.88 million Loan Loss Allowance $617,000 Unbacked Noncurrent Loans $385,000 Real Estate Owned $1.00 million Profit Margin - Quarterly Net Interest Margin 4.36% Return on Assets 1% Return on Equity 8.64% Interest Income $1.08 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 First National Bank of Norway had $1.2 million in non-current loans and owned real-estate with $10.93 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of Norway a Texas Ratio of 10.96% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The First National Bank of Norway decreased slightly from 13.20% as of March 31, 2011 to 10.96% as of March 31, 2012, resulting in a positive change of 16.97%.This indicates that the balance sheet and financial strength for The First National Bank of Norway has improved slightly in recent periods. Deposit Growth In the past year, The First National Bank of Norway has increased its total deposits by $284,000, resulting in 0.36% 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 First National Bank of Norway has shown is average. 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 First National Bank of Norway has $90.04 million in assets with $10.93 million in equity, resulting in a capitalization level of 12.14%, which is excellent.

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