Overview / Commentary
321 Washburn Avenue
Belgrade, MN 56312

North American State Bank is headquartered in Belgrade and is the 172nd largest bank in the state of Minnesota. It is also the 4,253rd largest bank in the nation. It was established in 1889 and as of June of 2018, it had grown to 27 employees at 3 locations. North American State Bank's CD rates are 17% higher than the national average, and it has a B health rating.


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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. North American State Bank has a relatively low asset base.

Health Grade Components

FDIC Certificate #10179
Year Established1889
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD6.43%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$95.6MM$100.6MM
LoansQ2 2018vs Q2 2017$62.9MM$61.5MM
DepositsQ2 2018vs Q2 2017$83.2MM$84.5MM
Equity CapitalQ2 2018vs Q2 2017$12.3MM$11.8MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.4MM$1.5MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.4MM$435.00K
Real Estate OwnedQ2 2018vs Q2 2017$60.00K$60.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

North American State Bank Savings Account Rates

1.50%--Christmas Savings
0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $5k | 0.15% $5k - $10k
0.10%--Reliable Savings

North American State Bank Money Market Rates

0.45%*$150k*-Relationship Money Market
OTHER TIERS: 0.25% Up to $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $150k
0.30%*$75k*-Advantage Money Market
OTHER TIERS: 0.20% $2.5k - $25k | 0.25% $25k - $75k

North American State Bank Checking Account Rates

0.05%$2.5k-Relationship Checking
0.03%$1k-Interest Checking

North American State Bank CD Rates

2.10%*$25k*-60 Month CD
OTHER TIERS: 1.95% $500 - $25k
1.85%*$25k*-48 Month CD
OTHER TIERS: 1.65% $500 - $25k
1.55%*$25k*-36 Month CD
OTHER TIERS: 1.35% $500 - $25k
1.35%*$25k*-24 Month CD
OTHER TIERS: 1.15% $500 - $25k
1.20%*$25k*-18 Month CD
OTHER TIERS: 1.05% $500 - $25k
1.05%*$25k*-12 Month CD
OTHER TIERS: 0.90% $500 - $25k
1.00%*$25k*-23 Month - Trade Up CD
OTHER TIERS: 0.90% $5k - $25k
0.75%*$25k*-6 Month CD
OTHER TIERS: 0.65% $500 - $25k
0.55%*$25k*-3 Month CD
OTHER TIERS: 0.45% $500 - $25k

North American State Bank IRA Rates

1.00%*$100k*-6 Month IRA CD
OTHER TIERS: 0.50% $25 - $1k | 0.60% $1k - $10k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.90% $50k - $100k

North American State Bank Locations
Elrosa Branch201 Main StreetElrosa, MN 56325
Willmar Branch2800 First Street SouthWillmar, MN 56201
North American State Bank321 Washburn AvenueBelgrade, MN 56312

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