Banknorth
FDIC #8387
📍 Arthur, North Dakota
Banknorth is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1905. With assets of $548.57 Million, it operates 11 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 1, 2023
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
August 1, 2023
Satisfactory
August 1, 2020
Satisfactory
July 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$548.57 Million
Total Deposits$402.81 Million
Equity Capital$54.28 Million
Net Income$8.36 Million
📈 Performance
ROA2.10%
ROE19.39%
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
Established01/01/1905
FDIC Cert8387
Holding CoFirst Financial Corp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday7:30 AM - 6:00 PM
Tuesday7:30 AM - 6:00 PM
Wednesday7:30 AM - 6:00 PM
Thursday7:30 AM - 6:00 PM
Friday7:30 AM - 6:00 PM
Saturday8:30 - 11:30 AM
SundayClosed
📜 Institutional History
2018
Merger / Acquisition
Acquired: First State Bank Of Warner, S. Dak.
2018
Name Change
Name became: Changed Institution Name To Banknorth.
2018
Name Change
Name became: Changed Institution Name To First State Bank Of North Dakota.
2005
Merger / Acquisition
Acquired: The First State Bank Of La Moure
1998
Name Change
Name became: Changed Institution Name To First State Bank Of North Dakota.