First National Bank of America
First National Bank of America is headquartered in EAST LANSING and is the largest bank in the state of Michigan. It is also the 237th largest bank in the nation. It was established in 1955 and as of December of 2024, it had grown to 366 employees at 3 locations. First National Bank of America has a B health rating.
Mortgage Refinance
Kassandra Bellingar is your go-to person for a mortgage refi. She was knowledgeable, accurate, efficient, thorough, prompt and just plain nice. She made the process seamless and
mostly stress free. I cannot recommend her highly enough.
WOW This Was Easy!!
I couldn't get over the SHORT time it took to open a CD!!!I'm used to jumping through hoops with other bank's changing demands for ID. I have a CD maturing tomorrow, guess where it's going?
Awesome Bank Experience Opening A CD
Just opened a CD.
Seamless experience, website easy to navigate.
Customer service is awesome, polite, friendly, helpful, and professional.
Beware Of How Interest Is Compounded At This Bank
Interest is paid (credited) and compounded monthly, except for Regular Savings which is paid (credited) and compounded quarterly. Certificates of Deposit interest is compounded every 6 months. All interest bearing accounts are variable rate accounts.
If interest is compounded every 6 months on a CD versus monthly, you will get less interest than a bank at the same APY that compounds monthly.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17438 |
| Year Established | 1955 |
| Employees | 366 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.95% |
| Return on Equity - YTD | 35.35% |
| Annual Interest Income | $489.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $6.31B$5.61B |
| Loans | Q4 2024vs Q4 2023 | $5.79B$5.14B |
| Deposits | Q4 2024vs Q4 2023 | $3.69B$3.25B |
| Equity Capital | Q4 2024vs Q4 2023 | $507.3MM$454MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $64.4MM$57MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $85.5MM$60.4MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $5MM$3.5MM |