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Overview / Commentary
651-636-9654
2230 Albert Street
Roseville, MN 55113

North American Banking Company is headquartered in Roseville and is the 40th largest bank in the state of Minnesota. It is also the 1,911st largest bank in the nation. It was established in 1998 and as of June of 2014, it had grown to 58 employees at 4 locations. North American Banking Company's money market rates are 2X the national average, and it has a A health rating.

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Health

Data for Q2 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 North American Banking Company had $2.51 million in non-current loans and owned real-estate with $32.44 million in equity and loan loss allowances on hand to cover it. This gives North American Banking Company a Texas Ratio of 7.72% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for North American Banking Company decreased dramatically from 31.34% as of June 30, 2013 to 7.72% as of June 30, 2014, resulting in a positive change of 75.36%.This indicates that the balance sheet and financial strength for North American Banking Company has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, North American Banking Company has increased its total deposits by $21.18 million, resulting in 7.76% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth North American Banking Company has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. North American Banking Company has $344.24 million in assets with $32.44 million in equity, resulting in a capitalization level of 9.42%, which is average.

Institution Statistics

Overall
FDIC Certificate #34836
Year Established1998
Employees58
Primary RegulatorFDIC
Assets and Liabilities
Assets$344.24 million
Loans$242.80 million
Deposits$294.21 million
Equity Capital$29.89 million
Loan Loss Allowance$2.56 million
Real Estate Owned$2.51 million
Historic Data - June 2013
Assets$313.59 million
Equity Capital$27.89 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$0
Real Estate Owned$8.97 million
Profit Margin - Quarterly
Return on Assets0.83%
Return on Equity9.83%
Interest Income$6.72 million
Rates

Always verify rates and promotions with the bank or credit union. We are not North American Banking Company, we are a rate comparison website and can not provide official rates or promotions.

North American Banking Company Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$20k-IRA Savings Account
1.00%$10k-Health Savings Account
1.00%$20k-Roth IRA Savings Account
1.00%$20k-Education IRA Savings Account
0.20%$10k-FlexSavings Account
0.20%$10k-Business Savings Account

North American Banking Company Money Market Rates

DetailsAPYMINMAXPRODUCT
1.00%$1m-Preferred Money Market Account
0.25%$100k-Flex Money Market Account
0.25%$100k-Business Money Market Account

North American Banking Company Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$10k-FlexChecking Account

North American Banking Company CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$100k-60 Month CD With Checking Account
1.25%$100k-49 Month Step Up CD With Checking Account
1.20%$100k-48 - 59 Month CD With Checking Account
1.20%$100k-37 Month Step Up CD With Checking Account
1.15%$100k-36 - 47 Month CD With Checking Account
0.86%$100k-25 Month Step Up CD With Checking Account
0.81%$100k-24 - 35 Month CD With Checking Account
0.66%$100k-12 - 23 Month CD With Checking Account
0.46%$100k-6 Month CD With Checking Account
0.36%$100k-3 Month CD With Checking Account

North American Banking Company IRA Rates

DetailsAPYMINMAXPRODUCT
1.90%$100k-60 Month IRA With Checking Account
1.25%$100k-49 Month Step Up IRA With Checking Account
1.20%$100k-48 - 59 Month IRA With Checking Account
1.20%$100k-37 Month Step Up IRA With Checking Account
1.15%$100k-36 - 47 Month IRA With Checking Account
0.86%$100k-25 Month Step Up IRA With Checking Account
0.81%$100k-24 - 35 Month IRA With Checking Account
0.66%$100k-12 - 23 Month IRA With Checking Account
0.46%$100k-6 Month IRA With Checking Account
0.36%$100k-3 Month IRA With Checking Account
Locations


North American Banking Company Locations
North American Banking Company1620 Frontage RoadHastings, MN 55033
North American Banking Company2230 Albert StreetRoseville, MN 55113
North American Banking Company4999 France AvenueMinneapolis, MN 55410
Woodbury Branch9260 Hudson RoadWoodbury, MN 55125