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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 12th largest bank in the state of North Dakota. It is also the 1,044th largest bank in the nation. It was established in 1927 and as of June of 2020, it had grown to 211 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 Q2 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees211
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD12.76%
Annual Interest Income$17.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$842.7MM$637.2MM
LoansQ2 2020vs Q2 2019$607.0MM$527.3MM
DepositsQ2 2020vs Q2 2019$672.8MM$524.4MM
Equity CapitalQ2 2020vs Q2 2019$74.4MM$66.8MM
Loan Loss AllowanceQ2 2020vs Q2 2019$7.8MM$6.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.9MM$1.6MM
Real Estate OwnedQ2 2020vs Q2 2019$2.3MM$1.6MM
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

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