Northpointe Bank in Grand Rapids, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Northpointe Bank in Grand Rapids, Michigan (MI)
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Northpointe Bank - Overview

  • General
  • FDIC Certificate #: 34953
    Status: Active
    Federal Reserve ID: 2737980
    Bank Holding Company (Regulatory Top Holder): Northpointe Bancshares, Inc. (RSSDID: 2737814, Location: Grand Rapids, MI)
    Date Established: May 21, 1999
    WWW: http://www.northpointe.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 62127
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: May 21, 1999
    Last Structure Change Effective Date: March 06, 2007
    Last Structure Change Process Date: March 06, 2007
    Last Data Update: March 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 3333 Deposit Drive Ne, Grand Rapids, MI 49546
    County: Kent
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Grand Rapids
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Grand Rapids-Muskegon-Holland, MI (#3000)
    Combined Statistical Area (CSA): Grand Rapids-Muskegon-Holland, MI (#266)
    Core Based Statistical Area (CBSA): Grand Rapids-Wyoming, MI (#24340)
    CBSA Metro Statistical Area: Grand Rapids-Wyoming, MI (#24340)
  • Financial Summary
  • Total assets: $298.8 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $242.1 mil
    Return on assets (ROA): 1.11% ($3.3 mil)
    Quarterly return on assets: 3.22% ($9.6 mil)
    Return on Equity (ROE): 22.58% ($3.6 mil)
    Quarterly return on equity: 64.76% ($10.4 mil)
    Net income: $3.1 mil
    Quarterly Net income: $2.4 mil
    Pretax return on assets: 0.66% ($1,972.4 mil)
    Quarterly Pretax return on assets: 1.53% ($4,572.3 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 78Total employees (full-time equivalent)
  • $298,844Total assets
  • $8,238Cash and due from depository institutions
  • $7,158Interest-bearing balances
  • $5,782Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $262,574Net loans & leases
  • $5,626Loan loss allowance
  • $0Trading account assets
  • $12,229Bank premises and fixed assets
  • $2,333Other real estate owned
  • $0Goodwill and other intangibles
  • $298,844Life insurance assets
  • $7,688All other assets
  • $282,900Total liabilities and capital
  • $242,122Total liabilities
  • $239,403Total deposits
  • $242,122Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,780Trading liabilities
  • $0Other borrowed funds
  • $998Subordinated debt
  • $15,944All other liabilities
  • $15,944Total equity capital
  • $15,944Total bank equity capital
  • $0Perpetual preferred stock
  • $2,625Common stock
  • $16,708Surplus
  • $-3,389Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $106,921Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,670Income earned, not collected on loans
  • $0Earning assets
  • $1,203Long-term assets (5+ years)
  • $275,514Average Assets, year-to-date
  • $102,979Average Assets, quarterly
  • $277,881Volatile liabilities
  • $296,032Insider loans
  • $191,246FHLB advances
  • $283,457Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,429Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,632Restructured Loans and leases
  • $3,854Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,389Total interest income
  • $5,547Total interest expense
  • $11,842Net interest income
  • $2,224Provision for loan and lease losses
  • $1,986Total noninterest income
  • $0Fiduciary activities
  • $18Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,968Additional noninterest income
  • $9,637Total noninterest expense
  • $5,425Salaries and employee benefits
  • $884Premises and equipment expense
  • $3,328Additional noninterest expense
  • $1,967Pre-tax net operating income
  • -$135Securities gains (losses)
  • -$1,250Applicable income taxes
  • $3,082Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,082Net income attributable to bank
  • $0Net charge-offs
  • $3,082Cash dividends
  • $3,527Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.81%Yield on earning assets
  • 2.17%Cost of funding earning assets
  • 4.64%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 22.58%Return on equity (ROE)
  • 22.58%Retained earnings to average equity (YTD only)
  • 1.50%Net charge-offs to loans
  • 63.06%Credit loss provision to net charge-offs
  • 1.19%Efficiency ratio
  • 69,692Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 58.18%Noncurrent assets plus other real estate owned to assets
  • 4.11%Noncurrent loans to loans
  • 3.61%Net loans and leases to deposits
  • 108.45%Net loans and leases to core deposits
  • 116.93%Equity capital to assets
  • 5.34%Core capital (leverage) ratio
  • 5.44%Tier 1 risk-based capital ratio
  • 8.07%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $277,881Average earning assets
  • $13,649Average equity
  • $255,162Average loans

List of branches

  • 1 Michigan Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062127Northpointe Bank3333 Deposit Drive Ne, Grand Rapids, MI 49546May 21, 1999Full Service Brick and Mortar

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