Our records indicate that this bank has been acquired by First Western Bank & Trust.


4040 42nd Street South
Fargo, ND 58104
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

BlackRidgeBANK is an FDIC insured institution located in Fargo, ND. It was founded in 2007 and has approximately $0.55 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58580
Date Established 2007
Assets $ 478.00 million
Loans $ 441.15 million
Deposits $ 473.40 million
Capital $ 72.77 million

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

Deposit Rates - July 12, 2024

Your Current Location: Virginia, VA 20146

Loan Rates - July 12, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BlackRidgeBANK

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 2024

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6.580% 6.490%
1.00 points
$3,002 fees
$2,021 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.616% 6.500%
1.00 points
$3,855 fees
$2,023 Learn More
Rocket Mortgage
NMLS ID: 3030
6.973% 6.875%
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$3,200 fees
$2,103 Learn More
Neighbors Bank
NMLS ID: 491986

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to BlackRidgeBANK
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Climate Policy and Initiatives

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Financial Details

BlackRidgeBANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BlackRidgeBANK. 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
BlackRidgeBANK U.S. Bank Average
5.47% 3.96%

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 December 31, 2024, BlackRidgeBANK had $3,706,000 in non-current loans and $319,000 in owned real estate. To cover these potential losses it had $72,765,000 in equity and $780,000 in loans loss reserves. That gives it a Texas Ratio of 5.47%.

Return on Equity
BlackRidgeBANK U.S. Bank Average
6.57% 12.20%

BlackRidgeBANK has a Return on Equity of 6.57% versus the BestCashCow average of 12.20%. 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.

BlackRidgeBANK U.S. Bank Average
15.22% 10.76%

BlackRidgeBANK has a Capitalization of 15.22% versus the BestCashCow average of 10.76. 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.

BlackRidgeBANK Balance Sheet Analysis

As of September 30, 2020, BlackRidgeBANK had assets of $548,355,000, loans of $441,148,000, and deposits of $473,403,000. 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

December 31, 2024
Cash & Balances due from depository institutions $ 43.88 million
Interest-bearing balances $ 35.20 million
Total securities $ 13.30 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 441.15 million
Loan loss allowance $ 0.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.32 million
Goodwill and other intangibles $ 32.58 million
All other assets $ 4.23 million
     Total Assets $ 475.59 million
Total deposits $ 473.40 million
      Interest-bearing deposits $ 328.69 million
      Deposits held in domestic offices $ 473.40 million
      % insured (estimated) 78.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.00 million
Subordinated debt N.A.
All other liabilities $ 1.19 million
      Total Liabilities $ 475.59 million
      Shareholders’ Equity $ 2.41 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 17.52 million
Total Interest Expense $ 2.43 million
Net interest income $ 15.10 million
Provision for loan and lease losses $ 0.99 million
Total non interest income $ 6.73 million
Total non interest expense $ 14.06 million
Pre-tax Net Operating Income $ 6.78 million

Bank Loan Profile?

The top three loan types in BlackRidgeBANK’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in North Dakota, BlackRidgeBANK has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development 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 36.58
Credit Card Loans 0.00
Consumer Auto Loans 0.70
Small Business Loans 0.00
Construction and Development Loans 14.24
Commercial Real Estate 21.83
Commercial and Industrial Loans 16.29
Farm Loans 0.45

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