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

  • Northpointe Bank in Grand Rapids, Michigan (MI)
  • Show street view No street view available for this location

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
    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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Northpointe Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents