Banks | Northstar Bank

Northstar Bank


Northstar Bank is an FDIC insured institution headquartered at 833 S Van Dyke Rd, Bad Axe, MI 48413.
It was founded in 2001 and has approximately $1 billion in assets. Customers can open an account at one of its 12 branches.

Deposit Rates - November 14, 2024

SAVINGS RATES APY MIN
Savings
0.05% $10 Compare
CD RATES APY MIN
6 Mo CD
0.10% $1,000 Compare
12 Mo CD
0.15% $1,000 Compare
24 Mo CD
0.20% $1,000 Compare
36 Mo CD
0.30% $1,000 Compare
48 Mo CD
0.35% $1,000 Compare
60 Mo CD
0.40% $1,000 Compare
MM RATES APY MIN
Money Market
0.15% $1,000 Compare
Money Market
0.15% $10,000 Compare
Money Market
0.15% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $300

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57097
Date Established 2001
Assets $ 977.16 million
Loans $ 793.44 million
Deposits $ 878.13 million
Capital $ 85.60 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 25.59 million
Interest-bearing balances $ 13.65 million
Total securities $ 85.41 million
Federal funds sold and reverse repurchase $ 3.00 million
Net loans and leases $ 793.44 million
Loan loss allowance $ 10.30 million
Trading account assets $ 5.62 million
Bank premises and fixed assets N.A.
Other real estate owned $ 3.87 million
Goodwill and other intangibles $ 3.67 million
All other assets $ 24.19 million
     Total Assets $ 891.56 million

LIABILITIES
Total deposits $ 878.13 million
      Interest-bearing deposits $ 660.45 million
      Deposits held in domestic offices $ 878.13 million
      % insured (estimated) 79.46%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 5.62 million
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 5.81 millionn
      Total Liabilities $ 891.56 million
      Shareholders’ Equity $ 85.60 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 25.94 million
Total Interest Expense $ 8.61 million
Net interest income $ 17.33 million
Provision for loan and lease losses $ 1.17 million
Total non interest income $ 3.10 million
Total non interest expense $ 12.50 million
Pre-tax Net Operating Income $ 6.07 million

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