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Overview / Commentary
115 Broadway East
Steele, ND 58482

Northland Financial is headquartered in Steele and is the 28th largest bank in the state of North Dakota. It is also the 3,108th largest bank in the nation. It was established in 1932 and as of March of 2014, it had grown to 46 employees at 4 locations. Northland Financial has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 March 31, 2014 Northland Financial had $967,000 in non-current loans and owned real-estate with $17.67 million in equity and loan loss allowances on hand to cover it. This gives Northland Financial a Texas Ratio of 5.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Northland Financial decreased slightly from 7.73% as of March 31, 2013 to 5.47% as of March 31, 2014, resulting in a positive change of 29.23%.This indicates that the balance sheet and financial strength for Northland Financial has improved slightly in recent periods.

Deposit Growth


In the past year, Northland Financial has increased its total deposits by $4.24 million, resulting in 2.44% 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 Northland Financial has shown is above average.



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. Northland Financial has $195.5 million in assets with $17.67 million in equity, resulting in a capitalization level of 9.04%, which is average.

Institution Statistics

FDIC Certificate #13202
Year Established1932
Primary RegulatorFDIC
Assets and Liabilities
Assets$195.50 million
Loans$140.02 million
Deposits$177.88 million
Equity Capital$15.67 million
Loan Loss Allowance$2.01 million
Unbacked Noncurrent Loans$898,000
Real Estate Owned$69,000
Historic Data - March 2013
Assets$191.11 million
Equity Capital$15.45 million
Loan Loss Allowance$1.87 million
Unbacked Noncurrent Loans$898,000
Real Estate Owned$313,000
Profit Margin - Quarterly
Net Interest Margin4.21%
Return on Assets1.34%
Return on Equity16.8%
Interest Income$2.29 million

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Northland Financial Savings Account Rates

0.20%--Health Savings Account
0.20%--IRA Savings Account
0.03%--Regular Savings Account
0.03%--Business Regular Savings Account

Northland Financial Money Market Rates

0.15%$100k-Premium Money Market Account
0.15%$100k-Business Premium Money Market Account
0.10%$100k-Money Market Account
0.10%$100k-Business Money Market Account

Northland Financial Checking Account Rates

0.25%$1m-Business Preferred Checking
0.15%$100k-Business Interest Checking Account
0.15%$100k-Platinum Plus
0.07%$50k-Relationship Checking Account
0.05%$20k-Premier 50 Checking Account

Northland Financial CD Rates

1.20%$7,500-49 Month CD Special
1.20%$7,500-Business 49 Month CD Special
1.00%$7,500-60 Month CD
1.00%$7,500-Business 60 Month CD
0.90%$7,500-48 Month CD
0.90%$7,500-Business 48 Month CD
0.80%$7,500-29 Month CD Special
0.80%$7,500-Business 29 Month CD Special
0.70%$7,500-36 Month CD
0.70%$7,500-Business 36 Month CD
0.50%$7,500-24 Month CD
0.50%$7,500-Business 24 Month CD
0.35%$7,500-12 Month CD Special
0.35%$7,500-Business 12 Month CD Special
0.30%$7,500-12 Month CD
0.30%$7,500-Business 12 Month CD
0.15%$7,500-6 Month CD Special
0.15%$7,500-Business 6 Month CD Special
0.12%$7,500-6 Month CD
0.12%$7,500-Business 6 Month CD
0.05%$500-3 Month CD
0.05%$500-Business 3 Month CD

Northland Financial IRA Rates

1.20%$7,500-49 Month Special IRA
1.00%$7,500-60 Month IRA
0.90%$7,500-48 Month IRA
0.80%$7,500-29 Month Special IRA
0.70%$7,500-36 Month IRA
0.50%$7,500-24 Month IRA
0.35%$7,500-12 Month Special IRA
0.30%$7,500-12 Month IRA
0.15%$7,500-6 Month Special IRA
0.12%$7,500-6 Month IRA
0.05%$500-3 Month IRA

Northland Financial Locations
Paying and Receiving Branch101 Second Avenue NWMedina, ND 58467
Northland Financial115 Broadway EastSteele, ND 58482
Bismarck Branch1313 Skyline BoulevardBismarck, ND 58503
Bismarck Branch207 Front AvenueBismarck, ND 58501