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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 13th largest bank in the state of North Dakota. It is also the 1,079th largest bank in the nation. It was established in 1927 and as of December of 2020, it had grown to 237 employees at 13 locations. Bank Forward's money market rates are 14% higher than the national average, and it has an A health rating.

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Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees237
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD13.74%
Annual Interest Income$33.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$834.1MM$717.0MM
LoansQ4 2020vs Q4 2019$558.5MM$551.5MM
DepositsQ4 2020vs Q4 2019$718.2MM$603.9MM
Equity CapitalQ4 2020vs Q4 2019$79.1MM$73.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$8.0MM$6.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$3.6MM$2.3MM
Real Estate OwnedQ4 2020vs Q4 2019$2.2MM$1.5MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--IRA Savings Account
0.05%--Health Savings Account
0.05%--Regular Savings Account

Bank Forward Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-Forward Money Market
OTHER TIERS: 0.15% → $5k - $100k | 0.25% → $100k - $500k
0.15%*$100k*-Money Market Savings
OTHER TIERS: 0.05% → $1k - $25k | 0.07% → $25k - $50k | 0.10% → $50k - $100k

Bank Forward Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$500-60 Month CD
1.10%$500-48 Month CD
1.00%$500-36 Month CD
1.00%$2.5k-33 Month Triple Option CD Special
1.00%$5k-28 Month CD Special
0.90%$500-30 Month CD
0.75%$500-24 Month CD
0.50%$5k-15 Month CD Special
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$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



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