First United Bank
Park River, North Dakota, Walsh County
$811M in total assets, the 1,270th largest of 4,309 US banks and 14th of 60 headquartered in North Dakota.
- FDIC certificate
- 15472
- Established
- 1886
- Owned by
- First Holding Park River
- Primary regulator
- FDIC
- Website
- www.firstunitedonline.com
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 | $811M | 98% | $257M | |
| Loans | $583M | 94% | $153M | |
| Deposits | $702M | 98% | $227M | |
| Return on assets | 1.55% | 58% | 1.46% | |
| Net interest margin | 4.00% | 64% | 3.82% | |
| Efficiency ratio | 55.6% | 52% | 54.8% | |
| Equity to assets | 10.43% | 64% | 9.67% | |
| Loans to deposits | 83% | 58% | 77% |
Growth
Total assets grew 22.0% a year over the last 5 years and 15.5% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2026 | First State Bank of Cando Cando, ND | $74M |
| Sep 2022 | Ramsey National Bank Devils Lake, ND, an affiliate under the same holding company | $320M |
| May 2017 | First Financial Bank Aneta, ND, an affiliate under the same holding company | $40M |
| Sep 1996 | Security State Bank of Adams Adams, ND, an affiliate under the same holding company | $12M |
| Sep 1996 | Lamb's Bank of Michigan City Michigan, ND, an affiliate under the same holding company | $10M |
Where they operate
19 branches in 10 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Walsh County, ND | $252M | 39.0% | 1 of 6 |
| Ramsey County, ND | $136M | 13.9% | 2 of 7 |
| Towner County, ND | $82M | 69.5% | 1 of 2 |
| Nelson County, ND | $67M | 30.5% | 2 of 3 |
| Pembina County, ND | $48M | 9.2% | 4 of 4 |
| Cass County, ND | $35M | 0.3% | 24 of 28 |
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 13 branches since 2016 (6 to 19, +216.7%). 1 opened, 12 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6 | |||
| 2017 | Acquired First Financial Bank | 3 | 0 | +3 | 9 |
| 2019 | Opened Petersburg | 1 | 0 | +1 | 10 |
| 2022 | Acquired Ramsey National Bank | 6 | 0 | +6 | 16 |
| 2026 through Q2 | Acquired First State Bank of Cando | 3 | 0 | +3 | 19 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Agricultural | 38% | 31% | |
| Farmland | 19% | 23% | |
| Commercial real estate | 13% | 14% | |
| Business (C&I) | 10% | 12% | |
| 1-4 family residential | 9% | 10% | |
| Multifamily | 3% | 2% | |
| Construction and land | 3% | 2% | |
| Consumer | 2% | 4% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 45% | 44% | |
| Time deposits | 33% | 35% | |
| Noninterest-bearing | 22% | 21% |
Brokered deposits are 1.4% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.01% | 0.47% |
| Net charge-offs, annualized | 0.01% | 0.00% |
| Reserves to loans | 1.30% | 1.17% |
| Leverage ratio | 10.13% | 10.50% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Walsh 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/banks/first-united-bank-park-river-nd