Ramsey National Bank

300 4th St. Ne
Devils Lake, ND 58301


General Bank Information

FDIC Insured Yes
FDIC Certificate # 3914
Date Established 1892
Assets $0.25 billion
Loans $0.18 billion
Deposits $0.21 billion
Capital $0.03 billion

Ramsey National Bank is an FDIC insured institution located in Devils Lake, ND. It was founded in 1892 and has approximately $0.25 billion in assets. Customers can open an account at one of its 8 branches.

For a more detailed analysis of Ramsey National Bank'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 Ramsey National Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in North Dakota, Ramsey National Bank has a significantly higher percent of Multifamily Mortgages, 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 10.06
Credit Card Loans 0.00
Consumer Auto Loans 0.30
Small Business Loans 0.00
Construction and Development Loans 6.29
Commercial Real Estate 21.83
Commercial and Industrial Loans 16.72
Farm Loans 24.53

Deposit Rates

Your Current Location: Virginia, VA 20146

6 Mo CD 10K
0.30% $5,000 - Learn MoreShow Less
12 Mo CD 10K
0.40% $2,000 - Learn MoreShow Less
24 Mo CD 10K
0.55% $2,000 - Learn MoreShow Less
36 Mo CD 10K
0.80% $2,000 - Learn MoreShow Less
48 Mo CD 10K
1.05% $2,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $100 - Learn MoreShow Less
Fixed IRA 0K
0.40% $2,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.77% $100 - Learn MoreShow Less
MM 2.5K
0.15% $1,000 $4,999 Learn MoreShow Less
MM 10K
0.20% $5,000 $19,999 Learn MoreShow Less
MM 25K
0.25% $20,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.10% $1 $49,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ramsey National Bank

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
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Ally Mortgage
NMLS ID: 181005
4.431% 4.375% 0.38 $1,746 $1,249 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.266% 4.250% -0.25 $580 $1,230 Learn More
PenFed Credit Union
NMLS ID: 401822
4.334% 4.250% 0.00 $2,500 $1,230 Learn More
CapWest Home Loans
NMLS ID: 6521
4.534% 4.500% 0.00 $997 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.740% $231.27 Learn More
Flagstar Bank 5.240% $275.79 Learn More

Note to Ramsey National Bank
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Ramsey National Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Ramsey National Bank Locations

Financial Details

Ramsey National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ramsey National Bank. 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
Ramsey National Bank U.S. Bank Average
0.03% 8.32%

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 September 30, 2017, Ramsey National Bank had $12,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $33,081,000 in equity and $2,343,000 in loans loss reserves. That gives it a Texas Ratio of 0.03%.

Return on Equity
Ramsey National Bank U.S. Bank Average
13.92% 8.84%

Ramsey National Bank has a Return on Equity of 13.92% versus the BestCashCow average of 8.84%. 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.

Ramsey National Bank U.S. Bank Average
13.03% 12.21%

Ramsey National Bank has a Capitalization of 13.03% versus the BestCashCow average of 12.21. 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.

Ramsey National Bank Balance Sheet Analysis

As of September 30, 2017, Ramsey National Bank had assets of $253,958,000, loans of $184,780,000, and deposits of $214,898,000. 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.

Frequently Asked Questions About Ramsey National Bank

Branches and Savings

Is Ramsey National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3914.

Why does Ramsey National Bank pay such low interest on savings accounts?

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

Why are Ramsey National Bank CD rates not competitive?

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

Is Ramsey National Bank a commercial bank?


Where are Ramsey National Bank locations?

See branch locations nearby.

Is Ramsey National Bank open on Saturdays?

Is Ramsey National Bank open on Sundays?

What time does Ramsey National Bank open?

What time does Ramsey National Bank close?

Are Ramsey National Bank ATMs Open 24/7?

Do Ramsey National Bank ATMs accept cash deposits?

Can Ramsey National Bank customers use other ATMs?

Do Ramsey National Bank branches have notaries?

Will Ramsey National Bank notarize my document?

What address for Ramsey National Bank should I put for incoming ACH transfers?

Will the Ramsey National Bank branch print checks?

Do Ramsey National Bank checks expire?

Does Ramsey National Bank require US citizenship to open account?

Can Ramsey National Bank close my account?

Does Ramsey National Bank Report to credit bureaus?

Does Ramsey National Bank Use Equifax?

What is Ramsey National Bank's ACH Routing Number?

What is Ramsey National Bank's SWIFT code?


Does Ramsey National Bank offer mortgages?

Compare mortgage rates here.

Does Ramsey National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ramsey National Bank offer personal loans?

Compare personal loan rates here.

Does Ramsey National Bank offer student loans?

Will Ramsey National Bank cash a check?

Will Ramsey National Bank redeem a savings bond?

Does Ramsey National Bank cash savings bonds?

Will Ramsey National Bank cash money orders?

Can Ramsey National Bank issue a money order?

Does Ramsey National Bank do currency exchange?

Background on The Bank

Who owns Ramsey National Bank?

How long has Ramsey National Bank been around?

Can Ramsey National Bank transfer to other banks?

Does Ramsey National Bank have quick pay?

Does Ramsey National Bank accept rolled coins?

Will Ramsey National Bank accept loose change?

Where is Ramsey National Bank headquarters?

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