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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 1,072nd largest bank in the nation. It was established in 1927 and as of September of 2020, it had grown to 229 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 Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees229
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD14.11%
Annual Interest Income$25.1MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$817.1MM$654.8MM
LoansQ3 2020vs Q3 2019$581.3MM$538.5MM
DepositsQ3 2020vs Q3 2019$692.4MM$540.3MM
Equity CapitalQ3 2020vs Q3 2019$77.0MM$70.4MM
Loan Loss AllowanceQ3 2020vs Q3 2019$7.9MM$6.1MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$2.9MM$2.4MM
Real Estate OwnedQ3 2020vs Q3 2019$2.3MM$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

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