Northern Interstate Bank


Overview / Commentary
906-563-9233
501 West Us 2
Norway, MI 49870

Northern Interstate Bank is headquartered in Norway and is the 58th largest bank in the state of Michigan. It is also the 3,162nd largest bank in the nation. It was established in 1901 and as of June of 2022, it had grown to 38 employees at 7 locations. Northern Interstate Bank has a B+ health rating.

Reviews

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Health
B+

Health Grade Components

Overall
FDIC Certificate #13784
Year Established1901
Employees38
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD8.38%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$190.9MM$192.2MM
LoansQ2 2022vs Q2 2021$65.0MM$75.9MM
DepositsQ2 2022vs Q2 2021$179.5MM$171.8MM
Equity CapitalQ2 2022vs Q2 2021$9.6MM$18.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$623.00K$1.1MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$149.00K$3.4MM
Real Estate OwnedQ2 2022vs Q2 2021$138.00K$335.00K
Rates

Rates for Northern Interstate Bank are currently being reviewed.

Locations


Northern Interstate Bank Locations
Iron Mountain Branch1917 Stephenson AveIron Mountain, MI 49801
The First National Bank Of Norway501 West Us 2Norway, MI 49870
Main Street Branch531 Main StreetNorway, MI 49870
Powers BranchW3879 US Highway 2Powers, MI 49874
North Dickinson BranchN10151 State Hwy M95Sagola, MI 49881
Jubilee Foods Branch1363 Us Highway 2Crystal Falls, MI 49920
Crystal Falls Branch125 Superior AvenueCrystal Falls, MI 49920

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