Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.15%	Savings	Personal Choice Savings 1.20% - Goldman Sachs Bank USA Online Savings
0.25%	Money Market	Money Market Account 0.85% - Ally Bank Money Market Account
0.05%	Checking	Golden Choice Checking Account 1.25% - Bank of Internet USA Rewards Checking

View all Northern Interstate Bank rates »

Overview / Commentary

banknib.com

906-563-9233

501 West Us 2
Norway, MI 49870

Northern Interstate Bank is headquartered in Norway and is the 79^th largest bank in the state of Michigan. It is also the 4,361^st largest bank in the nation. It was established in 1901 and as of March of 2017, it had grown to 28 employees at 5 locations. Northern Interstate Bank has a B+ health rating.

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Health

B+

Data as of Q1 2017

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Northern Interstate Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	13784
Year Established	1901
Employees	28
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.76%
Return on Equity - YTD	6.83%
Annual Interest Income	$961.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$99.7MM$98.0MM
Loans	Q1 2017vs Q1 2016	$59.5MM$60.9MM
Deposits	Q1 2017vs Q1 2016	$87.4MM$85.8MM
Equity Capital	Q1 2017vs Q1 2016	$11.1MM$11.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$645.00K$566.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$716.00K$1.1MM
Real Estate Owned	Q1 2017vs Q1 2016	$575.00K$594.00K

Rates

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

Northern Interstate Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$25	-	Quarterly Statement Personal Savings
0.15%	$25	-	Personal Choice Savings
0.15%	$25	-	Christmas Club Account
0.05%	-	-	Variable Rate IRA

Northern Interstate Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$100k^*	-	Investor’s Choice Money Market Account
OTHER TIERS: 0.10% → $2,500 - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $100k
0.25%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.10% → $1k - $10k \| 0.15% → $10k - $25k \| 0.20% → $25k - $100k

Northern Interstate Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$500	-	Choice Checking Account
0.05%	$500	-	Golden Choice Checking Account

Locations

Northern Interstate Bank Locations
Iron Mountain Branch	1917 Stephenson Ave	Iron Mountain, MI 49801
Carney Branch	241 US Highway 41 N	Carney, MI 49812
The First National Bank Of Norway	501 West Us 2	Norway, MI 49870
Main Street Branch	531 Main Street	Norway, MI 49870
Powers Branch	W3879 US Highway 2	Powers, MI 49874
North Dickinson Branch	N10151 State Hwy M95	Sagola, MI 49881
Jubilee Foods Branch	1363 Us Highway 2	Crystal Falls, MI 49920
Crystal Falls Branch	125 Superior Avenue	Crystal Falls, MI 49920