Overview / Commentary
American Bank of the North is headquartered in Nashwauk and is the 24th largest bank in the state of Minnesota. It is also the 1,359th largest bank in the nation. It was established in 1920 and as of March of 2019, it had grown to 138 employees at 13 locations. American Bank of the North has a B+ health rating.
Health
B+
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5216 |
| Year Established | 1920 |
| Employees | 138 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 9.05% |
| Annual Interest Income | $5.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $534.6MM$540.3MM |
| Loans | Q1 2019vs Q1 2018 | $392.6MM$427.4MM |
| Deposits | Q1 2019vs Q1 2018 | $464.1MM$472.7MM |
| Equity Capital | Q1 2019vs Q1 2018 | $57.8MM$50.8MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $7.5MM$6.5MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $11.2MM$19.2MM |
| Real Estate Owned | Q1 2019vs Q1 2018 | $2.7MM$5.4MM |
Rates
Rates for American Bank of the North are currently being reviewed.
Locations
| American Bank of the North Locations | ||
|---|---|---|
| American Bank Of The North | 117 Central Avenue | Nashwauk, MN 55769 |
| Grand Rapids South Branch | 1215 Pokegama Avenue South | Grand Rapids, MN 55744 |
| Cook Branch | 128 Highway 53 Se | Cook, MN 55723 |
| Hibbing Downtown Branch | 2015 Third Avenue East | Hibbing, MN 55746 |
| Chisholm Branch | 231 West Lake Street | Chisholm, MN 55719 |
| Grand Rapids North Branch | 428 N. W. Fourth Avenue | Grand Rapids, MN 55744 |
| Orr Branch | 4539 Highway 53 | Orr, MN 55771 |
| Mountain Iron/Expressway Branch | 8401 Unity Drive | Mountain Iron, MN 55768 |
| Biwabik Branch | 221 North Main Street | Biwabik, MN 55708 |