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 13^th largest bank in the state of North Dakota. It is also the 1,087^th largest bank in the nation. It was established in 1927 and as of March of 2021, it had grown to 238 employees at 13 locations. Bank Forward has an A health rating.

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Health

Data as of Q1 2021

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Health Grade Components

Overall
FDIC Certificate #	8941
Year Established	1927
Employees	238
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.54%
Return on Equity - YTD	16.26%
Annual Interest Income	$7.4MM

Assets and Liabilities
Assets	Q1 2021vs Q1 2020	$862.7MM$710.5MM
Loans	Q1 2021vs Q1 2020	$571.9MM$569.6MM
Deposits	Q1 2021vs Q1 2020	$750.9MM$592.6MM
Equity Capital	Q1 2021vs Q1 2020	$81.7MM$75.9MM
Loan Loss Allowance	Q1 2021vs Q1 2020	$8.0MM$6.9MM
Unbacked Noncurrent Loans	Q1 2021vs Q1 2020	$2.7MM$1.8MM
Real Estate Owned	Q1 2021vs Q1 2020	$2.3MM$1.5MM

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
0.10%	-	-	IRA Savings Account
0.05%	-	-	Health Savings Account
0.02%	-	-	Regular Savings Account

Bank Forward Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$500k^*	-	Forward Money Market
OTHER TIERS: 0.02% → $5k - $100k \| 0.05% → $100k - $250k \| 0.15% → $250k - $500k
0.08%^*	$100k^*	-	Money Market Savings
OTHER TIERS: 0.02% → $1k - $25k \| 0.04% → $25k - $50k \| 0.06% → $50k - $100k

Bank Forward Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%^*	$50k^*	-	Forward Interest Checking
OTHER TIERS: 0.02% → Up to $25k \| 0.03% → $25k - $50k
0.02%	-	-	Interest Checking

Bank Forward CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	60 Month CD
0.60%	$500	-	48 Month CD
0.50%	$2.5k	-	33 Month Triple Option CD Special
0.45%	$500	-	36 Month CD
0.40%	$5k	-	28 Month CD Special
0.35%	$500	-	30 Month CD
0.30%	$500	-	24 Month CD
0.30%	$5k	-	15 Month CD Special
0.25%	$500	-	18 Month CD
0.20%	$500	-	12 Month CD
0.15%	$500	-	6 Month CD
0.10%	$500	-	3 Month CD

Bank Forward IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	60 Month IRA
0.35%	$500	-	30 Month IRA
0.30%	$500	-	24 Month IRA
0.25%	$500	-	18 Month IRA
0.20%	$500	-	12 Month IRA

Locations

Availability

Fargo Area

Fargo Area bank & credit union details

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