BankNorth

340 Main Street
Arthur, ND 58006

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8387
Date Established 1905
Assets $0.32 billion
Loans $0.29 billion
Deposits $0.23 billion
Capital $0.04 billion

BankNorth is an FDIC insured institution located in Arthur, ND. It was founded in 1905 and has approximately $0.32 billion in assets. Customers can open an account at one of its 8 branches.

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

Bank Loan Profile?

The top three loan types in BankNorth’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, BankNorth’s loan portfolio does not show any specific loan specialty.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.48
Multifamily
Mortgages
0.08
Credit Card Loans 0.00
Consumer Auto Loans 0.52
Small Business Loans 2.49
Construction and Development Loans 0.67
Commercial Real Estate 6.58
Commercial and Industrial Loans 8.63
Farm Loans 46.85

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $24,999 Learn MoreShow Less
Money Market
0.26% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.75% $1,000 - Learn MoreShow Less
6 Mo CD
1.00% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.40% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.51% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $9,999 Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for BankNorth

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 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
4.836% 4.750% 0.00 $2,500 $1,305 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.490% $283.58 Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More

Note to BankNorth
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

BankNorth branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


BankNorth Locations

Financial Details

BankNorth Ratio Analysis

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

Texas Ratio
BankNorth U.S. Bank Average
2.68% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 June 30, 2018, BankNorth had $1,031,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $35,391,000 in equity and $3,072,000 in loans loss reserves. That gives it a Texas Ratio of 2.68%.

Return on Equity
BankNorth U.S. Bank Average
15.08% 9.77%

BankNorth has a Return on Equity of 15.08% versus the BestCashCow average of 9.77%. 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.

Capitalization
BankNorth U.S. Bank Average
10.99% 12.31%

BankNorth has a Capitalization of 10.99% versus the BestCashCow average of 12.31. 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.

BankNorth Balance Sheet Analysis

As of June 30, 2018, BankNorth had assets of $321,892,000, loans of $286,577,000, and deposits of $226,637,000. 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

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.29 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.01 billion
     Total Assets $0.29 billion
LIABILITIES
Total deposits $0.23 billion
      Interest-bearing deposits $0.17 billion
      Deposits held in domestic offices $0.23 billion
      % insured (estimated) 81.95%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.06 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.29 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Banknorth

Branches and Savings

Is Banknorth FDIC insured?

Yes. It is covered under FDIC Certificate #8387.

Why does Banknorth pay such low interest on savings accounts?

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

Why are Banknorth CD rates not competitive?

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

Is Banknorth a commercial bank?

Yes

Where are Banknorth locations?

See branch locations nearby.

Is Banknorth open on Saturdays?

Is Banknorth open on Sundays?

What time does Banknorth open?

What time does Banknorth close?

Are Banknorth ATMs Open 24/7?

Do Banknorth ATMs accept cash deposits?

Can Banknorth customers use other ATMs?

Do Banknorth branches have notaries?

Will Banknorth notarize my document?

What address for Banknorth should I put for incoming ACH transfers?

Will the Banknorth branch print checks?

Do Banknorth checks expire?

Does Banknorth require US citizenship to open account?

Can Banknorth close my account?

Does Banknorth Report to credit bureaus?

Does Banknorth Use Equifax?

What is Banknorth's ACH Routing Number?

What is Banknorth's SWIFT code?

Products

Does Banknorth offer mortgages?

Compare mortgage rates here.

Does Banknorth offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Banknorth offer personal loans?

Compare personal loan rates here.

Does Banknorth offer student loans?

Will Banknorth cash a check?

Will Banknorth redeem a savings bond?

Does Banknorth cash savings bonds?

Will Banknorth cash money orders?

Can Banknorth issue a money order?

Does Banknorth do currency exchange?

Background on The Bank

Who owns Banknorth?

How long has Banknorth been around?

Can Banknorth transfer to other banks?

Does Banknorth have quick pay?

Does Banknorth accept rolled coins?

Will Banknorth accept loose change?

Where is Banknorth headquarters?

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