American Bank of the North

Overview / Commentary
117 Central Avenue
Nashwauk, MN 55769

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.


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Health Grade Components

FDIC Certificate #5216
Year Established1920
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.95%
Return on Equity - YTD9.05%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$534.6MM$540.3MM
LoansQ1 2019vs Q1 2018$392.6MM$427.4MM
DepositsQ1 2019vs Q1 2018$464.1MM$472.7MM
Equity CapitalQ1 2019vs Q1 2018$57.8MM$50.8MM
Loan Loss AllowanceQ1 2019vs Q1 2018$7.5MM$6.5MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$11.2MM$19.2MM
Real Estate OwnedQ1 2019vs Q1 2018$2.7MM$5.4MM

Rates for American Bank of the North are currently being reviewed.


American Bank of the North Locations
American Bank Of The North117 Central AvenueNashwauk, MN 55769
Grand Rapids South Branch1215 Pokegama Avenue SouthGrand Rapids, MN 55744
Cook Branch128 Highway 53 SeCook, MN 55723
Hibbing Downtown Branch2015 Third Avenue EastHibbing, MN 55746
Chisholm Branch231 West Lake StreetChisholm, MN 55719
Grand Rapids North Branch428 N. W. Fourth AvenueGrand Rapids, MN 55744
Orr Branch4539 Highway 53Orr, MN 55771
Mountain Iron/Expressway Branch8401 Unity DriveMountain Iron, MN 55768
Biwabik Branch221 North Main StreetBiwabik, MN 55708

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