Bank Forward

Overview / Commentary

www.bankforward.com

701-769-2121

390 Wheat St
Hannaford, ND 58448

Bank Forward is headquartered in Hannaford and is the 12^th largest bank in the state of North Dakota. It is also the 1,175^th largest bank in the nation. It was established in 1927 and as of June of 2019, it had grown to 222 employees at 13 locations. Bank Forward's money market rates are 2X the national average, and it has an A health rating.

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Health

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	8941
Year Established	1927
Employees	222
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.81%
Return on Equity - YTD	17.58%
Annual Interest Income	$15.8MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$637.2MM$567.0MM
Loans	Q2 2019vs Q2 2018	$527.3MM$484.2MM
Deposits	Q2 2019vs Q2 2018	$524.4MM$432.0MM
Equity Capital	Q2 2019vs Q2 2018	$66.8MM$59.0MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$6.0MM$5.6MM
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$1.6MM$2.0MM
Real Estate Owned	Q2 2019vs Q2 2018	$1.6MM$1.9MM

Rates

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Savings
Money Market
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.

Bank Forward Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	-	-	IRA Savings Account
0.05%	-	-	Health Savings Account
0.05%	-	-	Regular Savings Account

Bank Forward Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$500k^*	-	Forward Money Market
OTHER TIERS: 0.25% → $5k - $100k \| 0.50% → $100k - $250k \| 0.75% → $250k - $500k
0.25%^*	$100k^*	-	Money Market Savings
OTHER TIERS: 0.05% → $1k - $25k \| 0.07% → $25k - $50k \| 0.10% → $50k - $100k

Bank Forward Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$50k^*	-	Forward Interest Checking
OTHER TIERS: 0.05% → Up to $25k \| 0.07% → $25k - $50k
0.05%	-	-	Interest Checking

Bank Forward CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.50%	$5k	-	28 Month CD Special
2.25%	$5k	-	15 Month CD Special
2.25%	$2.5k	-	33 Month Triple Option CD Special
1.75%	$500	-	60 Month CD
1.50%	$500	-	48 Month CD
1.00%	$500	-	36 Month CD
0.90%	$500	-	30 Month CD
0.75%	$500	-	24 Month CD
0.35%	$500	-	18 Month CD
0.30%	$500	-	12 Month CD
0.25%	$500	-	6 Month CD
0.20%	$500	-	3 Month CD

Bank Forward IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	$500	-	60 Month IRA
0.90%	$500	-	30 Month IRA
0.75%	$500	-	24 Month IRA
0.35%	$500	-	18 Month IRA
0.30%	$500	-	12 Month IRA

Locations

Availability

Fargo Area

Fargo Area bank & credit union details

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