Bank Forward is headquartered in FARGO and is the 12th largest bank in the state of North Dakota. It is also the 983rd largest bank in the nation. It was established in 1927 and as of March of 2025, it had grown to 230 employees at 12 locations. Bank Forward's money market rates are 5X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 8941 |
Year Established | 1927 |
Employees | 230 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.93% |
Return on Equity - YTD | 17.98% |
Annual Interest Income | $13.4MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2025vs Q1 2024 | $1.05B$1.03B |
Loans | Q1 2025vs Q1 2024 | $834.2MM$814.6MM |
Deposits | Q1 2025vs Q1 2024 | $873.3MM$864.6MM |
Equity Capital | Q1 2025vs Q1 2024 | $114.9MM$106.9MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $5.8MM$5.3MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $4.9MM$130K |
Real Estate Owned | Q1 2025vs Q1 2024 | $448K$0 |
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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 |
---|---|---|---|---|
0.25% | $0 | - | Health Savings Account | |
0.20% | $0 | - | Regular Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | Forward Interest Checking | ||
OTHER TIERS: 0.10% → $0 - $25k | 0.15% → $25k - $100k | |||||
0.05% | $0 | - | Interest Checking |