Vitals
  • Total Assets
    862.0M -0.6 %
  • Total Deposits
    779.6M -1.1 %
  • Total Net Loans
    496.9M -1.2 %
  • Net Income
    3.3M 685.8 %
  • Book Value
    79.2M 5.5 %
  • Book Value x2
    158.4M 5.5 %
  • Book Value x3
    237.6M 5.5 %
ROAA

.525

ROAE

5.692

Efficiency Ratio

82.342

Net Interest Margin

3.113

Balance Sheet Highlights
Financial Highlights Northwestern Bank All Insured Savings Banks in Michigan
Balance Sheet $(000)
Total Assets 862,044 1,125,118
Total Net Loans 496,948 752,432
Total Deposits 779,650 880,685
Total Equity 79,195 169,257
Profitability
Net Income 3,298 -4,749
Return on Average Assets .525 -.618
Return on Average Equity 5.692 .626
Net Interest Margin 3.113 3.264
Efficiency Ratio 82.342 108.864
Noninterest Income/Revenue 41.832 47.145
Balance Sheet Ratios
Loan-to-Deposit 63.74 89.975
Securities/Assets .269 .144
Total Equity/Total Assets .092 .15
Tangible Equity/Tangible Assets .08 .128
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 77,074 134,801
Tier 2 Capital 7,041 7,908
Total Capital 84,115 142,679
Total Risk Weighted Assets 553,207 615,989
Leverage Ratio 9.01 15.83
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 13.93 28.951
Total Capital Ratio 15.2 30.162

Timeline for Northwestern Bank

Chemical Bank

Northwestern Bank was acquired by Chemical Bank 9 years

View Profile Nov 01 2014

Northwestern Bancorp

Northwestern Bancorp became a new parent organization for Northwestern Bank.

View Profile Dec 01 2012

Lucky 88, Llc

Lucky 88, Llc became a new parent organization for Northwestern Bank.

View Profile Jul 21 2011

Northwestern Mortgage Company

Northwestern Mortgage Company became a new subsidiary organization for Northwestern Bank.

View Profile Jul 21 2011

Plum Tree Realty Holdings, Llc

Plum Tree Realty Holdings, Llc became a new subsidiary organization for Northwestern Bank.

View Profile Jul 21 2011

Want to see more?

Complete timeline for Northwestern Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Chemical Bank Buyer 9,717,567 Acquisition Discontinued 11/1/2014
Ludington Federal Savings Bank Seller 26,111 Failure 2/8/1992
Relationships Role Relationship Start Relationship End
Northwestern Bancorp Parent 12/1/2012 10/31/2014
Lucky 88, Llc Parent 7/21/2011 11/30/2012
Northwestern Mortgage Company Subsidary 7/21/2011 10/31/2014
Plum Tree Realty Holdings, Llc Subsidary 7/21/2011 10/31/2014
Bay & Company Llc Subsidary 7/21/2011 10/31/2014
Hannah & Lay Llc Subsidary 7/21/2011 10/31/2014
Downtown Petoskey, Llc Subsidary 7/21/2011 7/9/2014
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