Great North Bank
Florence, Wisconsin, Florence County
$233M in total assets, the 2,833rd largest of 4,309 US banks and 115th of 155 headquartered in Wisconsin.
- FDIC certificate
- 15146
- Established
- 1891
- Owned by
- Multi-bank Services Ltd
- Primary regulator
- FDIC
- Website
- www.greatnorthbank.com
At a glance
Compared with 109 banks headquartered in Wisconsin 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 | $233M | 25% | $345M | |
| Loans | $155M | 23% | $248M | |
| Deposits | $174M | 24% | $288M | |
| Return on assets | -0.32% | 2% | 1.28% | |
| Net interest margin | 4.14% | 75% | 3.85% | |
| Efficiency ratio | 102.0% | 98% | 60.7% | |
| Equity to assets | 14.88% | 90% | 10.38% | |
| Loans to deposits | 89% | 59% | 86% |
Growth
Total assets grew 10.3% a year over the last 5 years and 9.5% a year over 10 years, without acquisitions.
Where they operate
3 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Florence County, WI | $151M | 100.0% | 1 of 1 |
| Vilas County, WI | $23M | 2.7% | 9 of 11 |
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 loss of 1 branch since 2016 (4 to 3, −25.0%). 0 opened, 0 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 4 | |||
| 2018 | Closed Wausaukee | 0 | 1 | −1 | 3 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 66% | 32% | |
| Commercial real estate | 19% | 29% | |
| Construction and land | 5% | 7% | |
| Consumer | 4% | 2% | |
| Business (C&I) | 4% | 10% | |
| Farmland | 0% | 8% | |
| Multifamily | 0% | 8% | |
| Agricultural | 0% | 3% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 55% | 33% | |
| Other interest-bearing | 35% | 48% | |
| Noninterest-bearing | 11% | 19% |
Brokered deposits are 15.7% of deposits (peers 5.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.44% | 0.22% |
| Net charge-offs, annualized | 1.11% | 0.00% |
| Reserves to loans | 0.79% | 1.15% |
| Leverage ratio | 8.84% | 10.95% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Wisconsin
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/great-north