Banknorth
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Data as of · sourced from FFIEC call reports. How we update
Banknorth is an FDIC-insured commercial bank headquartered in Arthur, ND, established in 1905 (FDIC certificate 8387), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $694.1M, up 6.7% from Q2 2025, the 17th largest of 60 banks headquartered in North Dakota. Its CET1 capital ratio was 10.47% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 8387
- Headquarters
- Arthur, ND
- Established
- 1905
- Total assets, Q2 2026
- $694.1M
- Assets vs Q2 2025
- +6.7%
- CET1 ratio, Q2 2026
- 10.47%
- Domestic offices
- 11 FDIC institution directory, current count
- Routing number
- 091305044
- Latest call report
- Q2 2026, FFIEC 051 · Banknorth call report
- Holding company
- FIRST FINANCIAL CORPORATION
- Asset rank in state
- 17th of 60 in North Dakota
Banknorth earns an unusually wide margin on its lending. Based in Arthur, North Dakota, it had $694 million in assets at June 30, 2026, up 6.7% from a year earlier. It keeps 4.91 cents of net interest income on every dollar of earning assets, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 3.95 cents). On the other hand, it holds common equity equal to 10.47% of its risk-weighted assets, lower than about 9 in 10 banks its size (median 15.12%).
The commercial and industrial book ($70 million) is worsening: 6.99% of it is past due or on nonaccrual, up from 2.90% a year earlier. Net income for the quarter rose 20% from a year earlier, to $3.7 million. One more trend to watch: problem loans, meaning loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 0.47% of loans from 0.27% a year earlier.
As of June 30, 2026, Banknorth reported a CET1 capital ratio of 10.47%, a return on assets of 2.18%, a nonperforming-loan ratio of 0.58% and a Texas ratio of 3.84%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Banknorth is the 17th largest of the 60 banks headquartered in North Dakota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 3.7% to $694.1M, loans rose 3.9% and deposits fell 3.9%. The largest part of its loan book on June 30, 2026 was agricultural production loans, at 52.7% of total loans, ahead of farmland and other real estate loans at 22.9%. Its 11 offices in the FDIC Summary of Deposits are in 11 cities across 2 states; its Lamoure office books 14% of its branch deposits. Judged on its Q2 2026 call report, Banknorth meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 340 Main St, Arthur, ND 58006
- County
- Cass
- Metro Area
- Fargo, ND-MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- January 1, 1905
- Former names
- First State Bank of North Dakota (2010-2018)
- Domestic offices
- 11 FDIC institution directory, current count
- Employees (FTE)
- 100
- Domestic deposits
- $549.6M
- Allowance for credit losses
- $6.4M
- Net charge-offs (YTD)
- $45K
- Average total assets
- $680.8M
- Average total loans
- $605.6M
- Average interest-bearing deposits
- $426.6M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 8387
- Fed RSSD
- 721350
- Website
- banknorth.bank →
- Parent Holding Company
- FIRST FINANCIAL CORPORATION (RSSD 1128040)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Banknorth's total assets ranged from $548.8M (Q3 2023) to $697.0M (Q4 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$694.1M total assets against $650.8M; $616.5M total liabilities against $578.7M.
$608.6M net loans and leases against $564.4M; $549.6M total deposits against $499.8M.
$23.4M securities against $27.5M; $18.7M cash and balances due against $15.7M.
$10.8M total interest income against $10.5M; $2.9M total interest expense against $3.1M.
$7.8M net interest income against $7.4M.
$494K total noninterest income against $356K; $4.4M total noninterest expense against $4.3M.
$300K provision for credit losses against $300K.
$3.7M net income against $3.1M.
2.18% return on assets against 1.95%; 4.91% net interest margin against 4.98%.
10.47% CET1 capital ratio against 10.26%; 10.32% tier 1 leverage ratio against 10.25%.
Inside the full Banknorth terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Banknorth rankings
Its closest position to the top of a national ranking is 327 of 3,611, for ROA; its furthest is 2,046 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.41% (Q3 2025) to 2.18% (Q2 2026) and its net interest margin ran from 4.57% (Q3 2024) to 5.82% (Q4 2024).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 10.47% | 2.18% | 0.58% | 3.84% | 4.91% |
| Q1 2026 | 10.54% | 1.75% | 0.43% | 2.55% | 5.00% |
| Q4 2025 | 10.24% | 1.95% | 0.18% | 0.52% | 4.66% |
| Q3 2025 | 9.97% | 1.41% | 0.32% | 2.67% | 4.85% |
| Q2 2025 | 10.26% | 1.95% | 0.27% | 2.22% | 4.98% |
| Q1 2025 | 10.42% | 1.54% | 0.46% | 2.65% | 4.90% |
| Q4 2024 | 9.87% | 1.95% | 0.29% | 1.38% | 5.82% |
| Q3 2024 | 9.27% | 1.70% | 0.16% | 0.14% | 4.57% |
Swipe the table sideways to see every column.
Branch Network
View all 11 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Lamoure Branch | Lamoure , ND | 58458 | $78.6M |
| Banknorth (main office) | Arthur , ND | 58006 | $70.6M |
| Casselton Branch | Casselton , ND | 58012 | $69.3M |
| Warner Branch | Warner , SD | 57479 | $66.0M |
| Enderlin Branch | Enderlin , ND | 58027 | $65.9M |
| Harwood Branch | Harwood , ND | 58042 | $52.2M |
| Lisbon Branch | Lisbon , ND | 58054 | $51.0M |
| Aberdeen Ken's Branch | Aberdeen , SD | 57401 | $38.6M |
| Oakes Branch | Oakes , ND | 58474 | $31.8M |
| Buffalo Branch | Buffalo , ND | 58011 | $25.6M |
| Marion Branch | Marion , ND | 58466 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 7, 2024 | Structure Change | Acquired Harwood State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| December 6, 2024 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 15, 2018 | Structure Change | Acquired First State Bank of Warner, S. Dak. Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 14, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2005 | Structure Change | Acquired The First State Bank of La Moure Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 16, 1992 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 16, 1992 | Structure Change | Acquired First State Bank of Buffalo Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 8 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 1.0% of deposits in ND, rank 21 of 70 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 1 loans, $150K approved, $150K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2019 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Banknorth
What are Banknorth's total assets?
As of the Q2 2026 filing, Banknorth reported total assets of $694.1 million in its FFIEC call report.
Where is Banknorth headquartered?
It is headquartered in Arthur, ND, United States.
When was Banknorth founded?
It was established in 1905, per the FDIC institution directory.
Is Banknorth FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #8387). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Banknorth?
Banknorth's primary federal regulator is the FDIC.
What is Banknorth's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 10.47% in its Q2 2026 call report, above regulatory requirements.
How many branches does Banknorth operate?
It operates 11 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Banknorth's Texas Ratio?
Its Texas Ratio is 3.84% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Banknorth previously called?
The charter now named Banknorth has also operated as First State Bank of North Dakota (2010-2018), per FDIC structure-change records.
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