American Bank of the North

Overview / Commentary

www.ambnk.com

218-885-2278

117 Central Avenue
Nashwauk, MN 55769

American Bank of the North is headquartered in Nashwauk and is the 30^th largest bank in the state of Minnesota. It is also the 1,387^th largest bank in the nation. It was established in 1920 and as of December of 2019, it had grown to 136 employees at 13 locations. American Bank of the North has a B+ health rating.

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Health

B+

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	5216
Year Established	1920
Employees	136
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.5%
Return on Equity - YTD	13.96%
Annual Interest Income	$22.7MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$529.1MM$540.4MM
Loans	Q4 2019vs Q4 2018	$369.9MM$396.7MM
Deposits	Q4 2019vs Q4 2018	$455.6MM$466.4MM
Equity Capital	Q4 2019vs Q4 2018	$56.6MM$55.5MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$5.9MM$7.6MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$5.7MM$12.2MM
Real Estate Owned	Q4 2019vs Q4 2018	$1.4MM$3.7MM

Rates

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Savings
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American Bank of the North Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.40%	-	-	Health Savings Account
0.40%	-	-	IRA Savings Account
0.25%	-	-	All American Savings
0.25%	-	-	All Seasons Club Savings
0.25%^*	$50k^*	-	Business Savings Account
OTHER TIERS: 0.15% → Up to $5k \| 0.20% → $5k - $50k
0.25%	-	-	Great Beginnings Savings

American Bank of the North Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%^*	$25k^*	-	Investment Checking
OTHER TIERS: 0.15% → $1k - $10k \| 0.20% → $10k - $25k
0.25%^*	$100k^*	-	Business Interest Checking
OTHER TIERS: 0.15% → Up to $25k \| 0.20% → $25k - $100k
0.18%	-	-	All American Rewards Checking
0.15%	$50	-	Custom 50 Checking

American Bank of the North CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$10k^*	-	24 Months CD
OTHER TIERS: 0.70% → $1k - $10k
0.75%^*	$10k^*	-	30 Months CD
OTHER TIERS: 0.70% → $1k - $10k
0.75%^*	$10k^*	-	36 Months CD
OTHER TIERS: 0.70% → $1k - $10k
0.75%^*	$10k^*	-	48 Months CD
OTHER TIERS: 0.70% → $1k - $10k
0.75%^*	$10k^*	-	60 Months CD
OTHER TIERS: 0.70% → $1k - $10k
0.70%^*	$10k^*	-	18 Months CD
OTHER TIERS: 0.65% → $1k - $10k
0.65%^*	$50k^*	-	12 Months CD
OTHER TIERS: 0.55% → $1k - $10k \| 0.60% → $10k - $50k
0.50%^*	$50k^*	-	9 Months CD
OTHER TIERS: 0.40% → $1k - $10k \| 0.45% → $10k - $50k
0.40%^*	$50k^*	-	6 Months CD
OTHER TIERS: 0.30% → $1k - $10k \| 0.35% → $10k - $50k
0.30%^*	$50k^*	-	3 Months CD
OTHER TIERS: 0.20% → $1k - $10k \| 0.25% → $10k - $50k

American Bank of the North IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%^*	$10k^*	-	24 Months IRA
OTHER TIERS: 0.70% → $250 - $10k
0.75%^*	$10k^*	-	30 Months IRA
OTHER TIERS: 0.70% → $250 - $10k
0.75%^*	$10k^*	-	36 Months IRA
OTHER TIERS: 0.70% → $250 - $10k
0.75%^*	$10k^*	-	48 Months IRA
OTHER TIERS: 0.70% → $250 - $10k
0.75%^*	$10k^*	-	60 Months IRA
OTHER TIERS: 0.70% → $250 - $10k
0.70%^*	$10k^*	-	18 Months IRA
OTHER TIERS: 0.65% → $250 - $10k
0.65%^*	$50k^*	-	12 Months IRA
OTHER TIERS: 0.55% → $250 - $10k \| 0.60% → $10k - $50k
0.50%^*	$50k^*	-	9 Months IRA
OTHER TIERS: 0.40% → $250 - $10k \| 0.45% → $10k - $50k
0.40%^*	$50k^*	-	6 Months IRA
OTHER TIERS: 0.30% → $250 - $10k \| 0.35% → $10k - $50k
0.30%^*	$50k^*	-	3 Months IRA
OTHER TIERS: 0.20% → $250 - $10k \| 0.25% → $10k - $50k

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

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