First National Bank of Michigan


Overview / Commentary
269-349-0100
348 West Michigan Avenue
Kalamazoo, MI 49007

First National Bank of Michigan is headquartered in KALAMAZOO and is the 19th largest bank in the state of Michigan. It is also the 1,049th largest bank in the nation. It was established in 2006 and as of September of 2024, it had grown to 83 employees at 7 locations. First National Bank of Michigan's CD rates are 3X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #58259
Year Established2006
Employees83
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.56%
Return on Equity - YTD7.32%
Annual Interest Income$35.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$973.5MM$972.3MM
LoansQ3 2024vs Q3 2023$729.1MM$678.6MM
DepositsQ3 2024vs Q3 2023$766.7MM$797.1MM
Equity CapitalQ3 2024vs Q3 2023$80.9MM$65.3MM
Loan Loss AllowanceQ3 2024vs Q3 2023$10.3MM$10.8MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$282K$286K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First National Bank of Michigan; we are a rate comparison website and cannot provide official rates or promotions.

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

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First National Bank of Michigan Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$0-First Personal Savings
0.01%$0-HSA Savings Account
0.01%$0-First Choice Commercial Savings

First National Bank of Michigan Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.77%*$5m*-Commercial First Rate Money Market
OTHER TIERS: 0.05% $0 - $25k | 0.10% $25k - $250k | 0.75% $250k - $2m | 1.51% $2m - $5m
1.00%*$250k*-First Growth Money Market
OTHER TIERS: 0.15% $0 - $10k | 0.25% $10k - $50k | 0.35% $50k - $100k | 0.50% $100k - $250k

First National Bank of Michigan Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-First Advantage Checking
OTHER TIERS: 0.01% $0 - $20k | 0.05% $20k - $50k
0.01%$0-Interest First Checking

First National Bank of Michigan CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.15%$10k-3 Month CD Special
4.00%$10k-7 Month CD Special
3.92%*$500k*-Commercial 2 Year CD
OTHER TIERS: 3.30% $2.5k - $100k | 3.51% $100k - $250k | 3.71% $250k - $500k
3.66%*$500k*-Commercial 3 Year CD
OTHER TIERS: 3.04% $2.5k - $100k | 3.25% $100k - $250k | 3.45% $250k - $500k
3.66%*$500k*-Commercial 18 Month CD
OTHER TIERS: 3.04% $2.5k - $100k | 3.25% $100k - $250k | 3.45% $250k - $500k
3.56%$10k-Commercial 18 Month Rising Rate CD
3.56%$10k-18 Month Rising Rate CD
3.45%*$100k*-2 Year CD
OTHER TIERS: 3.04% $2.5k - $50k | 3.25% $50k - $100k
3.40%*$500k*-Commercial 5 Year CD
OTHER TIERS: 2.78% $2.5k - $100k | 2.99% $100k - $250k | 3.20% $250k - $500k
3.40%*$500k*-Commercial 4 Year CD
OTHER TIERS: 2.78% $2.5k - $100k | 2.99% $100k - $250k | 3.20% $250k - $500k
3.40%*$500k*-Commercial 1 Year CD
OTHER TIERS: 2.78% $2.5k - $100k | 2.99% $100k - $250k | 3.20% $250k - $500k
3.20%*$100k*-3 Year CD
OTHER TIERS: 2.78% $2.5k - $50k | 2.99% $50k - $100k
3.20%*$100k*-18 Month CD
OTHER TIERS: 2.78% $2.5k - $50k | 2.99% $50k - $100k
3.14%*$500k*-Commercial 9 Month CD
OTHER TIERS: 2.53% $2.5k - $100k | 2.73% $100k - $250k | 2.94% $250k - $500k
2.94%*$100k*-4 Year CD
OTHER TIERS: 2.53% $2.5k - $50k | 2.70% $50k - $100k
2.94%*$100k*-5 Year CD
OTHER TIERS: 2.53% $2.5k - $50k | 2.73% $50k - $100k
2.94%*$100k*-1 Year CD
OTHER TIERS: 2.53% $2.5k - $50k | 2.73% $50k - $100k
2.89%*$500k*-Commercial 6 Month CD
OTHER TIERS: 2.27% $2.5k - $100k | 2.48% $100k - $250k | 2.68% $250k - $500k
2.68%*$100k*-9 Month CD
OTHER TIERS: 2.27% $2.5k - $50k | 2.48% $50k - $100k
2.63%*$500k*-Commercial 90 Day CD
OTHER TIERS: 2.02% $2.5k - $100k | 2.22% $100k - $250k | 2.43% $250k - $500k
2.43%*$100k*-6 Month CD
OTHER TIERS: 2.02% $2.5k - $50k | 2.22% $50k - $100k
2.38%*$500k*-Commercial 60 Day CD
OTHER TIERS: 1.76% $2.5k - $100k | 1.97% $100k - $250k | 2.17% $250k - $500k
2.17%*$100k*-90 Day CD
OTHER TIERS: 1.76% $2.5k - $50k | 1.97% $50k - $100k
2.12%*$500k*-Commercial 30 Day CD
OTHER TIERS: 1.51% $2.5k - $100k | 1.71% $100k - $250k | 1.92% $250k - $500k
1.92%*$100k*-60 Day CD
OTHER TIERS: 1.51% $2.5k - $50k | 1.71% $50k - $100k
1.66%*$100k*-30 Day CD
OTHER TIERS: 1.26% $2.5k - $50k | 1.46% $50k - $100k
Locations


First National Bank of Michigan Locations
Grand Rapids Banking Center141 Ionia Avenue, NW Suite 1Grand Rapids, MI 49503
Woodbridge Branch2700 W CentrePortage, MI 49024
First National Bank Of Michigan348 W Michigan AveKalamazoo, MI 49007
First National Bank Of Michigan-West Side Office5313 West Main StreetKalamazoo, MI 49009
Holland Branch1 West 8th StreetHolland, MI 49423
Lansing Branch101 S Washington SqLansing, MI 48933

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