United Valley Bank
Cavalier, North Dakota, Pembina County
$752M in total assets, the 1,339th largest of 4,309 US banks and 16th of 60 headquartered in North Dakota.
- FDIC certificate
- 15478
- Established
- 1905
- Owned by
- First Holding Co Cavalier Inc
- Primary regulator
- FDIC
- Website
- www.uvbank.net
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 | $752M | 94% | $257M | |
| Loans | $550M | 91% | $153M | |
| Deposits | $628M | 97% | $227M | |
| Return on assets | 1.18% | 27% | 1.49% | |
| Net interest margin | 3.63% | 36% | 3.84% | |
| Efficiency ratio | 65.8% | 79% | 54.8% | |
| Equity to assets | 10.54% | 73% | 9.67% | |
| Loans to deposits | 88% | 70% | 77% |
Growth
Total assets grew 6.5% a year over the last 5 years and 11.9% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Mar 2021 | Northern Sky Bank Crookston, MN, an affiliate under the same holding company | $91M |
| Oct 2018 | First National Bank Mahnomen Twin Valley Mahnomen, MN, an affiliate under the same holding company | $100M |
| Jan 2010 | Marshall Bank, National Association Hallock, MN | $59M |
| Jul 2006 | United Valley Bank Argyle, MN, an affiliate under the same holding company | $20M |
Where they operate
9 branches in 8 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Pembina County, ND | $136M | 26.2% | 2 of 4 |
| Polk County, MN | $110M | 11.0% | 5 of 10 |
| Kittson County, MN | $99M | 45.2% | 1 of 4 |
| Mahnomen County, MN | $98M | 100.0% | 1 of 1 |
| Grand Forks County, ND | $95M | 3.3% | 9 of 15 |
| Marshall County, MN | $50M | 12.0% | 3 of 8 |
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 (6 to 9, +50.0%). 1 opened, 3 acquired, 1 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 6 | |||
| 2018 | Acquired First National Bank Mahnomen Twin Valley | 2 | 0 | +2 | 8 |
| 2021 | Acquired Northern Sky Bank | 1 | 0 | +1 | 9 |
| 2022 | Closed Grand Forks | 0 | 1 | −1 | 8 |
| 2026 through Q2 | Opened Fargo | 1 | 0 | +1 | 9 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 23% | 13% | |
| Agricultural | 22% | 31% | |
| Farmland | 16% | 23% | |
| Business (C&I) | 13% | 12% | |
| 1-4 family residential | 11% | 10% | |
| Multifamily | 8% | 2% | |
| Construction and land | 3% | 2% | |
| Consumer | 2% | 4% | |
| Other | 2% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 45% | 44% | |
| Time deposits | 41% | 35% | |
| Noninterest-bearing | 13% | 21% |
Brokered deposits are 1.6% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.13% | 0.47% |
| Net charge-offs, annualized | 0.00% | 0.00% |
| Reserves to loans | 1.16% | 1.18% |
| Leverage ratio | 10.50% | 10.32% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in North Dakota
Largest competitors in Pembina 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/united-valley