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The Independent Community Bankers of America has listed Northpointe Bank in Grand Rapids as one of the top-performing community banks in the U.S. in its 2015 ratings, based on earnings and operational efficiencies throughout 2014.
The ICBA, which has more than 6,000 member banks, based rankings on year-end FDIC call reports in six asset-size categories, both for Subchapter C corporations and Subchapter S corporation banks.
Northpointe is ranked 46th in the ICBA's top 50 lenders among U.S. community banks with less than $500 million in assets. Only two other Michigan banks are on that list: Bay Port State Bank in Bay Port, a small town in the Michigan Thumb; and Main Street Bank in Bingham Farms, near Detroit. Bay Port has $89 million in assets and Main Street $177 million.
One other Michigan bank made the ICBA 2015 top listings: Crestmark Bank, which is in Troy and has assets of $693 million, was ranked No. 1...