First State Bank of Cando


Overview / Commentary
701-968-3331
415 Main Street
Cando, ND 58324

First State Bank of Cando is headquartered in CANDO and is the 51st largest bank in the state of North Dakota. It is also the 4,029th largest bank in the nation. It was established in 1888 and as of March of 2025, it had grown to 11 employees at 3 locations. First State Bank of Cando has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. First State Bank of Cando has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #15471
Year Established1888
Employees11
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD13.42%
Annual Interest Income$781K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$75.2MM$72.1MM
LoansQ1 2025vs Q1 2024$26.5MM$27.1MM
DepositsQ1 2025vs Q1 2024$70.6MM$62MM
Equity CapitalQ1 2025vs Q1 2024$4.2MM$4.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$302K$344K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$150K$0
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


First State Bank of Cando Locations
First State Bank Of Cando415 Main StCando, ND 58324
Paying and Receiving Branch210 Main StreetBisbee, ND 58317
Paying and Receiving Branch31 Main StreetRocklake, ND 58365

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