42 North Private Bank
42 North Private Bank
Overview / Commentary
Domestic Bank was founded in 1967 to provide a full line of exceptional services to businesses and consumers, borrowers and savers.
For over 40 years, they've grown by honoring a tradition of service, prudent lending and an overall conservative approach to finance. At the same time, they've expanded their services to offer comprehensive programs to meet the complete banking needs of their customers.
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Health
C+
Data as of Q4 2024
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. 42 North Private Bank has a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 27015 |
| Year Established | 1967 |
| Employees | 20 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -1.91% |
| Return on Equity - YTD | -21.09% |
| Annual Interest Income | $12MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $209.9MM$234.7MM |
| Loans | Q4 2024vs Q4 2023 | $171.2MM$187.6MM |
| Deposits | Q4 2024vs Q4 2023 | $151.2MM$179.3MM |
| Equity Capital | Q4 2024vs Q4 2023 | $19.5MM$20.6MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $2.1MM$2MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $1.7MM$3.3MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |