Bank Forward is headquartered in Fargo and is the 12th largest bank in the state of North Dakota. It is also the 1,090th largest bank in the nation. It was established in 1927 and as of June of 2022, it had grown to 224 employees at 12 locations. Bank Forward has an A+ health rating.
Overall | |
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FDIC Certificate # | 8941 |
Year Established | 1927 |
Employees | 224 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.67% |
Return on Equity - YTD | 17.06% |
Annual Interest Income | $15.1MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $880.5MM$847.6MM |
Loans | Q2 2022vs Q2 2021 | $691.8MM$611.9MM |
Deposits | Q2 2022vs Q2 2021 | $775.4MM$735.1MM |
Equity Capital | Q2 2022vs Q2 2021 | $85.1MM$81.0MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $8.3MM$8.0MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $0$2.0MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $110.00K$2.4MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | - | - | IRA Savings Account | |
0.05% | - | - | Health Savings Account | |
0.02% | - | - | Regular Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.05%* | $50k* | - | Forward Interest Checking | ||
OTHER TIERS: 0.02% → Up to $25k | 0.03% → $25k - $50k | |||||
0.02% | - | - | Interest Checking |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $500 | - | 60 Month IRA | |
0.45% | $500 | - | 30 Month IRA | |
0.40% | $500 | - | 24 Month IRA | |
0.35% | $500 | - | 18 Month IRA | |
0.30% | $500 | - | 12 Month IRA |