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 58^th largest bank in the state of Michigan. It is also the 3,124^th largest bank in the nation. It was established in 1901 and as of March of 2022, it had grown to 40 employees at 7 locations. Northern Interstate Bank has an A health rating.

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Health

Data as of Q1 2022

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Health Grade Components

Overall
FDIC Certificate #	13784
Year Established	1901
Employees	40
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.51%
Return on Equity - YTD	6.86%
Annual Interest Income	$1.4MM

Assets and Liabilities
Assets	Q1 2022vs Q1 2021	$198.1MM$189.9MM
Loans	Q1 2022vs Q1 2021	$66.3MM$78.5MM
Deposits	Q1 2022vs Q1 2021	$183.9MM$169.9MM
Equity Capital	Q1 2022vs Q1 2021	$12.5MM$18.1MM
Loan Loss Allowance	Q1 2022vs Q1 2021	$593.00K$869.00K
Unbacked Noncurrent Loans	Q1 2022vs Q1 2021	$100.00K$3.6MM
Real Estate Owned	Q1 2022vs Q1 2021	$273.00K$495.00K

Rates

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Money Market
Checking
CD
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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
1.49%	$10	-	Variable Rate IRA
0.10%	$100	-	Quarterly Statement Personal Savings
0.10%	$100	-	Personal Choice Savings
0.10%	$25	-	Christmas Club Account

Northern Interstate Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$100k^*	-	Money Market Account
OTHER TIERS: 0.10% → $1k - $25k \| 0.15% → $25k - $100k
0.20%^*	$100k^*	-	Investor’s Choice Money Market Account
OTHER TIERS: 0.10% → $2.5k - $25k \| 0.15% → $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

Northern Interstate Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$1k	-	60 Month CD
0.55%	$1k	-	48 Month CD
0.45%	$1k	-	36 Month CD
0.40%	$1k	-	24 Month CD
0.40%	$1k	-	30 Month CD
0.30%	$1k	-	18 Month CD
0.25%	$1k	-	12 Month CD
0.20%	$1k	-	6 Month CD
0.15%	$1k	-	3 Month CD
0.15%	$250	-	Smart Start CD

Northern Interstate Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%	$1k	-	60 Month Fixed IRA
0.55%	$1k	-	48 Month Fixed IRA
0.45%	$1k	-	36 Month Fixed IRA
0.40%	$1k	-	24 Month Fixed IRA
0.40%	$1k	-	30 Month Fixed IRA
0.30%	$1k	-	18 Month Fixed IRA
0.25%	$1k	-	12 Month Fixed IRA
0.20%	$1k	-	6 Month Fixed IRA
0.15%	$1k	-	3 Month Fixed IRA

Locations

Northern Interstate Bank Locations
Iron Mountain Branch	1917 Stephenson Ave	Iron Mountain, MI 49801
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

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