First State Bank Of Cando
FDIC #15471
📍 Cando, North Dakota
First State Bank Of Cando is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1888. With assets of $69.99 Million, it operates 3 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: October 1, 2020
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
October 1, 2020
Satisfactory
December 1, 2014
Satisfactory
September 1, 2009
Satisfactory
💰 Financial Strength
Total Assets$69.99 Million
Total Deposits$64.05 Million
Equity Capital$2.07 Million
Net Income$524,000
📈 Performance
ROA0.96%
ROE21.34%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1888
FDIC Cert15471
Holding CoCando Holding Co Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 6:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2004
Name Change
Name became: Changed Institution Name To First State Bank Of Cando.
1987
Name Change
Name became: Changed Institution Name To First Bank Cando, National Association.
1985
Name Change
Name became: Changed Institution Name To The First State Bank Of Cando.
1985
Relocation
Moved HQ to: 415 Main Street, Cando, ND 58324.