Northern Interstate Bank, N. A.
Headquarters
501 W Us Highway 2
Norway, MI 49870
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2024 Overview
General Bank Information
Northern Interstate Bank, N. A. is an FDIC insured institution located in Norway, MI. It was founded in 1901 and has approximately $0.18 billion in assets. Customers can open an account at one of its 8 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 13784 |
| Date Established | 1901 |
| Assets | $ 184.35 million |
| Loans | $ 69.39 million |
| Deposits | $ 160.53 million |
| Capital | $ 8.79 million |
For a more detailed analysis of Northern Interstate Bank, N. A.'s financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 7, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 7, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Northern Interstate Bank, N. A.
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% |
6.375% 0.75 points $4,000 fees |
$1,997 | Learn More |
NMLS ID: 2578474 |
6.596% |
6.500% 0.63 points $3,210 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.993% |
6.875% 1.00 points $3,852 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.313% |
7.250% 0.63 points $2,000 fees |
$2,183 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Achieve Loans See Table |
Intro APR
9.250 %
After Intro: 9.250 % |
$0 |
Learn More
More Info |
Note to Northern Interstate Bank, N. A.
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Branches
Northern Interstate Bank, N. A. branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Northern Interstate Bank, N. A. Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 457.26 | A | View Lobby Hours | |
| 462.80 | B | View Lobby Hours | |
| 479.21 | C | View Lobby Hours | |
| 479.76 | D | View Lobby Hours | |
| 484.66 | E | View Lobby Hours | |
| 499.35 | F | View Lobby Hours | |
| 509.32 | G | View Lobby Hours | |
| 510.13 | H | View Lobby Hours |
Climate Policy and Initiatives
Northern Interstate Bank, N. A. is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Northern Interstate Bank, N. A. Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Northern Interstate Bank, N. A.. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Northern Interstate Bank, N. A. | U.S. Bank Average |
|---|---|
| 1.65% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Northern Interstate Bank, N. A. had $158,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,785,000 in equity and $775,000 in loans loss reserves. That gives it a Texas Ratio of 1.65%.
Return on Equity
| Northern Interstate Bank, N. A. | U.S. Bank Average |
|---|---|
| 10.67% | 10.46% |
Northern Interstate Bank, N. A. has a Return on Equity of 10.67% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Northern Interstate Bank, N. A. | U.S. Bank Average |
|---|---|
| 4.77% | 10.84% |
Northern Interstate Bank, N. A. has a Capitalization of 4.77% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Northern Interstate Bank, N. A. Balance Sheet Analysis
As of June 30, 2024, Northern Interstate Bank, N. A. had assets of $184,354,000, loans of $69,389,000, and deposits of $160,526,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 4.85 million |
| Interest-bearing balances | $ 1.34 million |
| Total securities | $ 94.05 million |
| Federal funds sold and reverse repurchase | $ 2.25 million |
| Net loans and leases | $ 69.39 million |
| Loan loss allowance | $ 0.78 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.19 million |
| All other assets | $ 9.69 million |
| Total Assets | $ 175.57 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 160.53 million |
| Interest-bearing deposits | $ 144.05 million |
| Deposits held in domestic offices | $ 160.53 million |
| % insured (estimated) | 81.92% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 0.62 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.63 million |
| Total Liabilities | $ 175.57 million |
| Shareholders’ Equity | $ 8.79 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 3.27 million |
| Total Interest Expense | $ 1.05 million |
| Net interest income | $ 2.23 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 0.36 million |
| Total non interest expense | $ 2.04 million |
| Pre-tax Net Operating Income | $ 0.60 million |
Bank Loan Profile?
The top three loan types in Northern Interstate Bank, N. A.’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.
Compared to other banks, Northern Interstate Bank, N. A.’s loan portfolio does not show any specific loan specialty.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 44.87 | ✓ | ||
| Multifamily Mortgages |
0.59 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.98 | ✓ | ||
| Small Business Loans | 14.10 | ✓ | ||
| Construction and Development Loans | 3.58 | ✓ | ||
| Commercial Real Estate | 27.55 | ✓ | ||
| Commercial and Industrial Loans | 12.84 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for Northern Interstate Bank, N. A.
blueangel
January 6, 2020 |
Worst customer experience ever. Had a issue with a fee that should not have been there because i had a checking and savings account. I was told once i signed up for checking that if they needed, they would take out of my savings. They didn't. They charged me a refuse to reverse it. I have no problem paying fees if i made the mistake, if i had no money in it. However, this time i did and they wont budge or do anything remotely helpful. The fact that i was TOLD at signup that this would occur yet now they tell me i wasn't' signed up for it?? And refuse to credit back the fee even though i had plenty money available in their bank. I am beyond livid and apparently the president is not even remotely helpful or cares about customers. Go somewhere else because if you ever have a issue, even 1, they will take 4 days to respond then tell you no, there isn't anything they can do because the president said so and they wont argue with him. Wont even ask him to contact me about this. Guess his customers are not worth the time but they have no problem taking hard earned money from us even when we have funds available. There was one really nice customer service rep there, but she has left and now they have been nothing but rude. Why was i told about this option when i was signed up and told that if something happened, they would take from savings yet when the time comes they didn't do it and now i'm being punished for their oversight?
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