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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 FARGO and is the 12th largest bank in the state of North Dakota. It is also the 1,063rd largest bank in the nation. It was established in 1927 and as of June of 2023, it had grown to 224 employees at 12 locations. Bank Forward's money market rates are 7X the national average, and it has an A health rating.

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Health
A

Data as of Q2 2023

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #8941
Year Established1927
Employees224
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.93%
Return on Equity - YTD18.5%
Annual Interest Income$20.7MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$923.6MM$880.5MM
LoansQ2 2023vs Q2 2022$775.1MM$691.8MM
DepositsQ2 2023vs Q2 2022$773.1MM$775.4MM
Equity CapitalQ2 2023vs Q2 2022$94.9MM$85.1MM
Loan Loss AllowanceQ2 2023vs Q2 2022$6.2MM$8.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$89.00K$0
Real Estate OwnedQ2 2023vs Q2 2022$110.00K$110.00K
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
2.00%--IRA Savings Account
0.30%--Health Savings Account
0.25%--Regular Savings Account

Bank Forward Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$500k*-Forward Money Market
OTHER TIERS: 1.00% → $5k - $100k | 1.50% → $100k - $250k | 2.00% → $250k - $500k
1.00%$1k-Money Market Savings

Bank Forward Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$250k*-Forward Interest Checking
OTHER TIERS: 0.20% → Up to $25k | 0.25% → $25k - $250k
0.20%*$25k*-Interest Checking
OTHER TIERS: 0.10% → Up to $10k | 0.15% → $10k - $25k

Bank Forward CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$2.5k-7 Month CD Special
5.25%$2.5k-11 Month CD Special
3.25%$500-60 Month CD
3.15%$500-48 Month CD
3.00%$500-36 Month CD
2.85%$500-30 Month CD
2.75%$500-24 Month CD
2.50%$500-18 Month CD
1.50%$500-12 Month CD
1.25%$500-6 Month CD
1.00%$500-3 Month CD

Bank Forward IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%$500-60 Month IRA
2.85%$500-30 Month IRA
2.75%$500-24 Month IRA
2.50%$500-18 Month IRA
1.50%$500-12 Month IRA
Locations

Availability



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