Bank North


704 Main Street
Wausaukee, WI 54177
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Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank North is an FDIC insured institution located in Wausaukee, WI. It was founded in 1903 and has approximately $0.12 billion in assets.

FDIC Insured Yes
FDIC Certificate # 15093
Date Established 1903
Assets $ 119.36 million
Loans $ 80.20 million
Deposits $ 100.69 million
Capital $ 13.16 million

For a more detailed analysis of Bank North's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

Loan Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank North

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
NMLS ID: 2890
License#: MC-3098
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Bank North
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Financial Details

Bank North Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank North. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank North U.S. Bank Average
23.49% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank North had $3,063,000 in non-current loans and $61,000 in owned real estate. To cover these potential losses it had $13,156,000 in equity and $142,000 in loans loss reserves. That gives it a Texas Ratio of 23.49%.

Return on Equity
Bank North U.S. Bank Average
0.24% 7.80%

Bank North has a Return on Equity of 0.24% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Bank North U.S. Bank Average
11.02% 12.68%

Bank North has a Capitalization of 11.02% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank North Balance Sheet Analysis

As of September 30, 2014, Bank North had assets of $119,364,000, loans of $80,195,000, and deposits of $100,692,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 80.20 million
Loan loss allowance $ 0.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.06 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 100.69 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 119.36 million

Summary Income Statement

March 31, 2020
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank North’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Wisconsin, Bank North has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.76
Credit Card Loans 0.05
Consumer Auto Loans 1.28
Small Business Loans 32.49
Construction and Development Loans 4.09
Commercial Real Estate 37.05
Commercial and Industrial Loans 6.76
Farm Loans 0.57

Frequently Asked Questions About Bank North

Branches and Savings

Is Bank North FDIC insured?

Yes. It is covered under FDIC Certificate #15093.

Why does Bank North pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank North CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank North a commercial bank?


Where are Bank North locations?

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Is Bank North open on Saturdays?

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Does Bank North offer mortgages?

Compare mortgage rates here.

Does Bank North offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank North offer personal loans?

Compare personal loan rates here.

Does Bank North offer student loans?

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Background on The Bank

Who owns Bank North?

How long has Bank North been around?

Can Bank North transfer to other banks?

Does Bank North have quick pay?

Does Bank North accept rolled coins?

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Where is Bank North headquarters?

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