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Northern Interstate Bank


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

Northern Interstate Bank is headquartered in NORWAY and is the 56th largest bank in the state of Michigan. It is also the 3,181st largest bank in the nation. It was established in 1901 and as of March of 2023, it had grown to 36 employees at 6 locations. Northern Interstate Bank's money market rates are 4X the national average, and it has a B health rating.

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Health
B

Data as of Q1 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #13784
Year Established1901
Employees36
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD10.76%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$182.6MM$198.1MM
LoansQ1 2023vs Q1 2022$63.8MM$66.3MM
DepositsQ1 2023vs Q1 2022$169.0MM$183.9MM
Equity CapitalQ1 2023vs Q1 2022$8.8MM$12.5MM
Loan Loss AllowanceQ1 2023vs Q1 2022$812.00K$593.00K
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$86.00K$100.00K
Real Estate OwnedQ1 2023vs Q1 2022$128.00K$273.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.44%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*$250k*-Money Market Account
OTHER TIERS: 0.25% → $1k - $10k | 0.40% → $10k - $25k | 0.65% → $25k - $100k | 1.00% → $100k - $150k | 1.51% → $150k - $250k
1.76%*$250k*-Investor’s Choice Money Market Account
OTHER TIERS: 0.25% → $2.5k - $10k | 0.40% → $10k - $25k | 0.65% → $25k - $100k | 1.00% → $100k - $150k | 1.51% → $150k - $250k

Northern Interstate Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Choice Checking Account
0.05%$500-Golden Choice Checking Account

Northern Interstate Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.42%$1k-60 Month CD
2.32%$1k-48 Month CD
2.27%$1k-36 Month CD
2.01%$1k-24 Month CD
2.01%$1k-30 Month CD
1.91%$1k-18 Month CD
1.76%$1k-12 Month CD
1.51%$1k-6 Month CD
1.26%$1k-3 Month CD
0.15%$250-Smart Start CD

Northern Interstate Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.42%$1k-60 Month Fixed IRA
2.32%$1k-48 Month Fixed IRA
2.27%$1k-36 Month Fixed IRA
2.01%$1k-24 Month Fixed IRA
2.01%$1k-30 Month Fixed IRA
1.91%$1k-18 Month Fixed IRA
1.76%$1k-12 Month Fixed IRA
1.51%$1k-6 Month Fixed IRA
1.26%$1k-3 Month Fixed IRA
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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