BankNorth
Arthur, North Dakota, Cass County
$694M in total assets, the 1,404th largest of 4,309 US banks and 17th of 60 headquartered in North Dakota.
- FDIC certificate
- 8387
- Established
- 1905
- Owned by
- First Financial Corp
- Primary regulator
- FDIC
- Website
- banknorth.bank
At a glance
Compared with 33 banks headquartered in North Dakota with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $694M | 91% | $257M | |
| Loans | $615M | 97% | $153M | |
| Deposits | $550M | 88% | $227M | |
| Return on assets | 1.82% | 82% | 1.46% | |
| Net interest margin | 5.03% | 98% | 3.82% | |
| Efficiency ratio | 54.8% | 48% | 55.6% | |
| Equity to assets | 11.18% | 79% | 9.67% | |
| Loans to deposits | 112% | 98% | 77% |
Growth
Total assets grew 9.2% a year over the last 5 years and 8.3% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2024 | Harwood State Bank Harwood, ND, an affiliate under the same holding company | $48M |
| Sep 2018 | First State Bank of Warner, S. Dak. Warner, SD, an affiliate under the same holding company | $83M |
| Jan 2005 | The First State Bank of La Moure La Moure, ND, an affiliate under the same holding company | $95M |
| Jun 1992 | First State Bank of Buffalo Buffalo, ND | $9M |
Where they operate
11 branches in 5 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cass County, ND | $218M | 1.9% | 13 of 28 |
| Ransom County, ND | $117M | 47.2% | 1 of 4 |
| Brown County, SD | $105M | 5.2% | 6 of 12 |
| Lamoure County, ND | $79M | 47.7% | 1 of 4 |
| Dickey County, ND | $32M | 13.6% | 3 of 3 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 3 branches since 2016 (8 to 11, +37.5%). 0 opened, 3 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2018 | Acquired First State Bank of Warner, S. Dak. | 2 | 0 | +2 | 10 |
| 2024 | Acquired Harwood State Bank | 1 | 0 | +1 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Agricultural | 53% | 30% | |
| Farmland | 23% | 23% | |
| Business (C&I) | 11% | 12% | |
| Commercial real estate | 6% | 14% | |
| 1-4 family residential | 3% | 10% | |
| Consumer | 1% | 4% | |
| Construction and land | 1% | 3% | |
| Multifamily | 0% | 2% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 43% | 44% | |
| Time deposits | 34% | 35% | |
| Noninterest-bearing | 24% | 21% |
Brokered deposits are 5.1% of deposits (peers 3.1%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.47% | 0.44% |
| Net charge-offs, annualized | 0.01% | 0.00% |
| Reserves to loans | 1.05% | 1.18% |
| Leverage ratio | 10.32% | 10.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Cass County, ND
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banknorth