First National Bank of Michigan

Overview / Commentary

www.fnbmichigan.com

269-349-0100

348 West Michigan Avenue
Kalamazoo, MI 49007

First National Bank of Michigan is headquartered in Kalamazoo and is the 21^st largest bank in the state of Michigan. It is also the 1,252^nd largest bank in the nation. It was established in 2006 and as of September of 2019, it had grown to 78 employees at 5 locations. First National Bank of Michigan has an A health rating.

Reviews (1)

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Poor Customer Service

Posted by: Anonymous | Jun 11, 2012

Challenged someone at the bank on issue the other day. She kept saying "do you know who I am," seemed to have forgotten that I was the customer, and she was just an employee of the bank. Will be moving my accounts soon.

Comment

Health

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	58259
Year Established	2006
Employees	78
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.02%
Return on Equity - YTD	10.83%
Annual Interest Income	$19.6MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$594.2MM$547.0MM
Loans	Q3 2019vs Q3 2018	$480.4MM$434.2MM
Deposits	Q3 2019vs Q3 2018	$477.0MM$466.4MM
Equity Capital	Q3 2019vs Q3 2018	$56.5MM$49.6MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$6.4MM$6.5MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$268.00K$3.8MM
Real Estate Owned	Q3 2019vs Q3 2018	$1.4MM$0

Rates

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Savings
Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First National Bank of Michigan Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	First Choice Business Savings
0.10%	-	-	First Personal Savings
0.10%^*	$2.5k^*	-	HSA Savings Account
OTHER TIERS: 0.05% → Up to $2.5k

First National Bank of Michigan Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$5m^*	-	Business First Rate Money Market
OTHER TIERS: 0.05% → Up to $25k \| 0.10% → $25k - $250k \| 0.20% → $250k - $2m \| 0.25% → $2m - $5m
0.25%^*	$250k^*	-	First Growth Money Market
OTHER TIERS: 0.05% → Up to $50k \| 0.10% → $50k - $100k \| 0.15% → $100k - $250k

First National Bank of Michigan Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.01%^*	$250k^*	-	Government Community Funds Checking
OTHER TIERS: 0.45% → Up to $250k
1.01%^*	$250k^*	-	Not For Profit Community Funds Checking
OTHER TIERS: 0.45% → Up to $250k
0.60%^*	$5m^*	-	Insured Cash Sweep Checking
OTHER TIERS: 0.15% → Up to $100k \| 0.20% → $100k - $500k \| 0.30% → $500k - $1m \| 0.45% → $1m - $5m
0.10%^*	$5k^*	-	First Advantage Checking
OTHER TIERS: 0.05% → Up to $5k
0.05%	-	-	Interest First Checking

First National Bank of Michigan CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.77%	$10k	-	7 Month CD Special - New Money
1.76%	$10k	-	18 Month Rising Rate CD Special
1.76%	$10k	-	Business 18 Month Rising Rate CD
1.71%^*	$1m^*	-	Government 3 Year CD
OTHER TIERS: 1.51% → $2.5k - $250k \| 1.61% → $250k - $1m
1.71%^*	$1m^*	-	Government 4 Year CD
OTHER TIERS: 1.51% → $2.5k - $250k \| 1.61% → $250k - $1m
1.71%^*	$1m^*	-	Government 5 Year CD
OTHER TIERS: 1.51% → $2.5k - $250k \| 1.61% → $250k - $1m
1.71%^*	$150k^*	-	Not For Profit 4 Year CD
OTHER TIERS: 1.46% → $2.5k - $50k \| 1.61% → $50k - $150k
1.71%^*	$150k^*	-	Not For Profit 5 Year CD
OTHER TIERS: 1.46% → $2.5k - $50k \| 1.61% → $50k - $150k
1.71%	-	-	5 Year CDARS
1.66%^*	$1m^*	-	Government 2 Year CD
OTHER TIERS: 1.41% → $2.5k - $250k \| 1.46% → $250k - $1m
1.61%^*	$500k^*	-	Business 4 Year CD
OTHER TIERS: 1.41% → $2.5k - $100k \| 1.51% → $100k - $250k \| 1.56% → $250k - $500k
1.61%^*	$500k^*	-	Business 5 Year CD
OTHER TIERS: 1.41% → $2.5k - $100k \| 1.51% → $100k - $250k \| 1.56% → $250k - $500k
1.61%^*	$150k^*	-	Not For Profit 3 Year CD
OTHER TIERS: 1.16% → $2.5k - $50k \| 1.51% → $50k - $150k
1.61%	-	-	3 Year CDARS
1.51%^*	$100k^*	-	4 Year CD
OTHER TIERS: 1.26% → $2.5k - $50k \| 1.41% → $50k - $100k
1.51%^*	$100k^*	-	5 Year CD
OTHER TIERS: 1.26% → $2.5k - $50k \| 1.41% → $50k - $100k
1.51%^*	$150k^*	-	Not For Profit 2 Year CD
OTHER TIERS: 1.01% → $2.5k - $50k \| 1.41% → $50k - $150k
1.51%	-	-	2 Year CDARS
1.46%^*	$500k^*	-	Business 3 Year CD
OTHER TIERS: 1.11% → $2.5k - $100k \| 1.26% → $100k - $250k \| 1.36% → $250k - $500k
1.46%^*	$1m^*	-	Government 18 Month CD
OTHER TIERS: 1.16% → $2.5k - $250k \| 1.26% → $250k - $1m
1.36%^*	$100k^*	-	3 Year CD
OTHER TIERS: 1.11% → $2.5k - $50k \| 1.26% → $50k - $100k
1.36%^*	$500k^*	-	Business 2 Year CD
OTHER TIERS: 1.01% → $2.5k - $100k \| 1.16% → $100k - $250k \| 1.26% → $250k - $500k
1.26%^*	$100k^*	-	2 Year CD
OTHER TIERS: 1.01% → $2.5k - $50k \| 1.16% → $50k - $100k
1.26%^*	$500k^*	-	Business 18 Month CD
OTHER TIERS: 0.85% → $2.5k - $100k \| 1.06% → $100k - $250k \| 1.15% → $250k - $500k
1.26%^*	$1m^*	-	Government 1 Year CD
OTHER TIERS: 0.85% → $2.5k - $250k \| 1.06% → $250k - $1m
1.26%^*	$150k^*	-	Not For Profit 18 Month CD
OTHER TIERS: 0.85% → $2.5k - $50k \| 1.16% → $50k - $150k
1.16%^*	$1m^*	-	Government 9 Month CD
OTHER TIERS: 0.75% → $2.5k - $250k \| 0.95% → $250k - $1m
1.11%	-	-	1 Year CDARS
1.06%^*	$100k^*	-	18 Month CD
OTHER TIERS: 0.85% → $2.5k - $50k \| 1.01% → $50k - $100k
1.06%^*	$500k^*	-	Business 1 Year CD
OTHER TIERS: 0.65% → $2.5k - $100k \| 0.85% → $100k - $250k \| 0.95% → $250k - $500k
1.06%^*	$1m^*	-	Government 6 Month CD
OTHER TIERS: 0.65% → $2.5k - $250k \| 0.85% → $250k - $1m
0.95%^*	$100k^*	-	1 Year CD
OTHER TIERS: 0.65% → $2.5k - $50k \| 0.85% → $50k - $100k
0.95%^*	$500k^*	-	Business 9 Month CD
OTHER TIERS: 0.45% → $2.5k - $100k \| 0.75% → $100k - $250k \| 0.85% → $250k - $500k
0.95%^*	$1m^*	-	Government 90 Day CD
OTHER TIERS: 0.55% → $2.5k - $250k \| 0.75% → $250k - $1m
0.95%^*	$150k^*	-	Not For Profit 1 Year CD
OTHER TIERS: 0.65% → $2.5k - $50k \| 0.85% → $50k - $150k
0.90%	-	-	26 Week CDARS
0.85%^*	$100k^*	-	9 Month CD
OTHER TIERS: 0.45% → $2.5k - $50k \| 0.75% → $50k - $100k
0.85%^*	$500k^*	-	Business 6 Month CD
OTHER TIERS: 0.35% → $2.5k - $100k \| 0.65% → $100k - $250k \| 0.75% → $250k - $500k
0.85%^*	$1m^*	-	Government 60 Day CD
OTHER TIERS: 0.45% → $2.5k - $250k \| 0.65% → $250k - $1m
0.85%^*	$150k^*	-	Not For Profit 9 Month CD
OTHER TIERS: 0.45% → $2.5k - $50k \| 0.75% → $50k - $150k
0.80%	-	-	13 Week CDARS
0.75%^*	$100k^*	-	6 Month CD
OTHER TIERS: 0.35% → $2.5k - $50k \| 0.65% → $50k - $100k
0.75%^*	$500k^*	-	Business 90 Day CD
OTHER TIERS: 0.15% → $2.5k - $100k \| 0.55% → $100k - $250k \| 0.65% → $250k - $500k
0.75%^*	$1m^*	-	Government 30 Day CD
OTHER TIERS: 0.35% → $2.5k - $250k \| 0.55% → $250k - $1m
0.75%^*	$150k^*	-	Not For Profit 6 Month CD
OTHER TIERS: 0.35% → $2.5k - $50k \| 0.65% → $50k - $150k
0.65%^*	$150k^*	-	90 Day CD
OTHER TIERS: 0.15% → $2.5k - $50k \| 0.55% → $50k - $150k
0.65%^*	$500k^*	-	Business 60 Day CD
OTHER TIERS: 0.10% → $2.5k - $100k \| 0.45% → $100k - $250k \| 0.55% → $250k - $500k
0.65%^*	$150k^*	-	Not For Profit 90 Day CD
OTHER TIERS: 0.15% → $2.5k - $50k \| 0.55% → $50k - $150k
0.60%	-	-	4 Week CDARS
0.55%^*	$100k^*	-	60 Day CD
OTHER TIERS: 0.10% → $2.5k - $50k \| 0.45% → $50k - $100k
0.55%^*	$500k^*	-	Business 30 Day CD
OTHER TIERS: 0.05% → $2.5k - $100k \| 0.35% → $100k - $250k \| 0.45% → $250k - $500k
0.55%^*	$150k^*	-	Not For Profit 60 Day CD
OTHER TIERS: 0.10% → $2.5k - $50k \| 0.45% → $50k - $150k
0.45%^*	$100k^*	-	30 Day CD
OTHER TIERS: 0.05% → $2.5k - $50k \| 0.35% → $50k - $100k
0.45%^*	$150k^*	-	Not For Profit 30 Day CD
OTHER TIERS: 0.05% → $2.5k - $50k \| 0.35% → $50k - $150k

Locations

First National Bank of Michigan Locations
Grand Rapids Banking Center	141 Ionia Avenue, NW Suite 1	Grand Rapids, MI 49503
Woodbridge Branch	2700 W Centre	Portage, MI 49024
First National Bank Of Michigan	348 West Michigan Avenue	Kalamazoo, MI 49007
First National Bank Of Michigan-West Side Office	5313 West Main Street	Kalamazoo, MI 49009
Holland Branch	1 West 8th Street	Holland, MI 49423

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