Northpointe Bank


3333 Deposit Drive Ne
Grand Rapids, MI 49546
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Northpointe Bank
Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage 3.82% 2.72% →
15-Year Mortgage 3.38% 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Northpointe Bank is an FDIC insured institution located in Grand Rapids, MI. It was founded in 1999 and has approximately $3.67 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34953
Date Established 1999
Assets $ 3.67 billion
Loans $ 3.23 billion
Deposits $ 2.11 billion
Capital $ 393.20 million

For a more detailed analysis of Northpointe Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.35% $5,000 - Learn More


Loan Rates - October 22, 2021

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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Climate Initiatives

Northpointe Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Northpointe Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northpointe Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northpointe Bank U.S. Bank Average
4.92% 4.78%

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, 2021, Northpointe Bank had $19,376,000 in non-current loans and $162,000 in owned real estate. To cover these potential losses it had $393,204,000 in equity and $3,883,000 in loans loss reserves. That gives it a Texas Ratio of 4.92%.

Return on Equity
Northpointe Bank U.S. Bank Average
28.37% 11.29%

Northpointe Bank has a Return on Equity of 28.37% versus the BestCashCow average of 11.29%. 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.

Northpointe Bank U.S. Bank Average
10.72% 11.72%

Northpointe Bank has a Capitalization of 10.72% versus the BestCashCow average of 11.72. 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.

Northpointe Bank Balance Sheet Analysis

As of June 30, 2021, Northpointe Bank had assets of $3,666,828,000, loans of $3,230,111,000, and deposits of $2,106,345,000. 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, 2021
Cash & Balances due from depository institutions $ 182.23 million
Interest-bearing balances $ 171.81 million
Total securities $ 6.55 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 3.23 billion
Loan loss allowance $ 3.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles $ 71.67 million
All other assets $ 146.47 million
     Total Assets $ 3.27 billion
Total deposits $ 2.11 billion
      Interest-bearing deposits $ 1,749.41 million
      Deposits held in domestic offices $ 2.11 billion
      % insured (estimated) 87.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1,093.64 million
Subordinated debt $ 14.61 million
All other liabilities $ 59.03 million
      Total Liabilities $ 3.27 billion
      Shareholders’ Equity $ 393.20 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 54.06 million
Total Interest Expense $ 13.75 million
Net interest income $ 40.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 165.60 million
Total non interest expense $ 142.65 million
Pre-tax Net Operating Income $ 70.29 million

Bank Loan Profile?

The top three loan types in Northpointe Bank’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Michigan, Northpointe Bank has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 59.42
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.11
Construction and Development Loans 5.67
Commercial Real Estate 0.12
Commercial and Industrial Loans 0.01
Farm Loans 0.00

Frequently Asked Questions About Northpointe Bank

Branches and Savings

Is Northpointe Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34953.

Why does Northpointe Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northpointe Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northpointe Bank a commercial bank?


Where are Northpointe Bank locations?

See branch locations nearby.

Is Northpointe Bank open on Saturdays?

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What time does Northpointe Bank open?

What time does Northpointe Bank close?

Are Northpointe Bank ATMs Open 24/7?

Do Northpointe Bank ATMs accept cash deposits?

Can Northpointe Bank customers use other ATMs?

Do Northpointe Bank branches have notaries?

Will Northpointe Bank notarize my document?

What address for Northpointe Bank should I put for incoming ACH transfers?

Will the Northpointe Bank branch print checks?

Do Northpointe Bank checks expire?

Does Northpointe Bank require US citizenship to open account?

Can Northpointe Bank close my account?

Does Northpointe Bank Report to credit bureaus?

Does Northpointe Bank Use Equifax?

What is Northpointe Bank's ACH Routing Number?

What is Northpointe Bank's SWIFT code?


Does Northpointe Bank offer mortgages?

Compare mortgage rates here.

Does Northpointe Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northpointe Bank offer personal loans?

Compare personal loan rates here.

Does Northpointe Bank offer student loans?

Will Northpointe Bank cash a check?

Will Northpointe Bank redeem a savings bond?

Does Northpointe Bank cash savings bonds?

Will Northpointe Bank cash money orders?

Can Northpointe Bank issue a money order?

Does Northpointe Bank do currency exchange?

Background on The Bank

Who owns Northpointe Bank?

How long has Northpointe Bank been around?

Can Northpointe Bank transfer to other banks?

Does Northpointe Bank have quick pay?

Does Northpointe Bank accept rolled coins?

Will Northpointe Bank accept loose change?

Where is Northpointe Bank headquarters?

Customer Reviews for Northpointe Bank

  • March 10, 2021

    Northpointe -- my most favorite

    bank -- held their rate when others dropped -- nice people to deal with

    -- and -- COURAGE + INTEGRITY.

  • January 5, 2018

    Online Checking Rates

    No longer available as of 11/2017

  • January 5, 2018

    Rewards Checking Rates

    No longer available as of 11/2017

  • January 5, 2018

    Rewards Checking Rates

    No longer available as of 11/2017

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*Should any logos, images or public notes appear on this page,they do so courtesy of Northpointe Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.