Overview / Commentary
Ramsey National Bank is headquartered in Devils Lake and is the 28th largest bank in the state of North Dakota. It is also the 2,387th largest bank in the nation. It was established in 1892 and as of June of 2022, it had grown to 53 employees at 6 locations. Ramsey National Bank has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3914 |
| Year Established | 1892 |
| Employees | 53 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.98% |
| Return on Equity - YTD | 8.88% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $320.0MM$317.9MM |
| Loans | Q2 2022vs Q2 2021 | $187.4MM$183.2MM |
| Deposits | Q2 2022vs Q2 2021 | $288.1MM$272.0MM |
| Equity Capital | Q2 2022vs Q2 2021 | $31.3MM$40.3MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.2MM$95.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $17.00K$0 |
| Real Estate Owned | Q2 2022vs Q2 2021 | $105.00K$105.00K |