Featured Savings Rates
Featured Accounts

The First National Bank of Norway

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.45%5-year CD60 Month CD
0.50%1-year CD12 Month CD
0.15%SavingsChoice Saving

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

The First National Bank of Norway is headquartered in Norway and is the 85th largest bank in the state of Michigan. It is also the 4,453rd largest bank in the nation. It was established in 1901 and as of September of 2016, it had grown to 30 employees at 5 locations. The First National Bank of Norway has a B+ health rating.

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Health
B+
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. The First National Bank of Norway has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #13784
Year Established1901
Employees30
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD7.48%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$96.6MM$95.5MM
LoansQ3 2016vs Q3 2015$60.8MM$62.4MM
DepositsQ3 2016vs Q3 2015$84.2MM$83.0MM
Equity CapitalQ3 2016vs Q3 2015$11.2MM$11.1MM
Loan Loss AllowanceQ3 2016vs Q3 2015$605.00K$599.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$418.00K$1.0MM
Real Estate OwnedQ3 2016vs Q3 2015$605.00K$550.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First National Bank of Norway Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$25-Regular Saving
0.15%$25-Choice Saving
0.15%$25-Christmas Club Account
0.05%--Variable Rate IRA

The First National Bank of Norway Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
0.25%*$100k*-Business Money Market Account
OTHER TIERS: 0.10% $2,500 - $10k | 0.15% $10k - $25k | 0.20% $25k - $100k

The First National Bank of Norway Checking Account Rates

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

The First National Bank of Norway CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-60 Month CD
1.15%$1k-48 Month CD
1.00%$1k-36 Month CD
0.80%$1k-30 Month CD
0.75%$1k-24 Month CD
0.55%$1k-18 Month CD
0.50%$1k-12 Month CD
0.50%$250-36 Month Smart Start CD
0.30%$1k-6 Month CD
0.15%$1k-3 Month CD

The First National Bank of Norway IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.45%$1k-60 Month Fixed IRA
1.15%$1k-48 Month Fixed IRA
1.00%$1k-36 Month Fixed IRA
0.80%$1k-30 Month Fixed IRA
0.75%$1k-24 Month Fixed IRA
0.55%$1k-18 Month Fixed IRA
0.50%$1k-12 Month Fixed IRA
0.30%$1k-6 Month Fixed IRA
0.15%$1k-3 Month Fixed IRA
Locations


The First National Bank of Norway Locations
Iron Mountain Branch1917 Stephenson AveIron Mountain, MI 49801
Carney Branch241 US Highway 41 NCarney, MI 49812
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