Border Bank
Fargo, North Dakota, Cass County
$1.1B in total assets, the 1,017th largest of 4,309 US banks and 13th of 60 headquartered in North Dakota.
- FDIC certificate
- 20776
- Established
- 1972
- Owned by
- Border Bancshares Inc
- Primary regulator
- FDIC
- Website
- www.border.bank
At a glance
Compared with 11 banks headquartered in North Dakota with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 2% | $2.5B | |
| Loans | $902M | 18% | $2.3B | |
| Deposits | $923M | 2% | $2.1B | |
| Return on assets | 1.27% | 46% | 1.30% | |
| Net interest margin | 4.00% | 73% | 3.70% | |
| Efficiency ratio | 63.1% | 54% | 61.4% | |
| Equity to assets | 9.06% | 36% | 10.45% | |
| Loans to deposits | 98% | 91% | 83% |
Growth
Total assets grew 4.3% a year over the last 5 years and 27.6% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Dec 2020 | Border Bank Greenbush, MN, an affiliate under the same holding company | $660M |
| Oct 2018 | First State Bank of Clearbrook Clearbrook, MN, an affiliate under the same holding company | $48M |
| Oct 2016 | First Advantage Bank Coon Rapids, MN, an affiliate under the same holding company | $74M |
| Dec 2005 | Border State Bank of International Falls International Falls, MN, an affiliate under the same holding company | $39M |
| Aug 2003 | Border State Bank Roseau, MN, an affiliate under the same holding company | $78M |
| May 2003 | First National Bank Thief River Falls, MN, an affiliate under the same holding company | $55M |
Where they operate
11 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Cass County, ND | $226M | 2.0% | 12 of 28 |
| Roseau County, MN | $223M | 37.8% | 2 of 3 |
| Pennington County, MN | $135M | 18.7% | 2 of 3 |
| Lake Of The Woods County, MN | $94M | 72.7% | 1 of 2 |
| Anoka County, MN | $92M | 1.5% | 11 of 21 |
| Koochiching County, MN | $61M | 23.4% | 3 of 5 |
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 9 branches since 2016 (2 to 11, +450.0%). 2 opened, 8 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 2 | |||
| 2020 | Acquired Border BankClosed Fargo | 8 | 1 | +7 | 9 |
| 2021 | Opened Baudette | 1 | 0 | +1 | 10 |
| 2022 | Opened Fargo | 1 | 0 | +1 | 11 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 30% | 25% | |
| Agricultural | 15% | 10% | |
| 1-4 family residential | 15% | 18% | |
| Business (C&I) | 14% | 17% | |
| Farmland | 9% | 9% | |
| Multifamily | 8% | 8% | |
| Consumer | 3% | 4% | |
| Construction and land | 3% | 6% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 46% | 59% | |
| Time deposits | 33% | 24% | |
| Noninterest-bearing | 22% | 17% |
Brokered deposits are 6.8% of deposits (peers 3.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.07% | 0.79% |
| Net charge-offs, annualized | 0.11% | 0.16% |
| Reserves to loans | 1.47% | 1.17% |
| Leverage ratio | 9.07% | 9.63% |
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/border