Asset Quality ranking · North Dakota · Call report data as of September 30, 2026
North Dakota Banks: Highest Multifamily Delinquency
Cornerstone Bank has the highest multifamily noncurrent rate of the 15 ranked banks headquartered in North Dakota, at 3.94% as of September 30, 2026. The median among the 15 ranked North Dakota banks is 0.00%, against 0.00% for all US banks. That top value sits far outside the middle half of ranked banks (0.00% to 0.23%). A rate this far from the middle usually comes from a few large problem loans or from lending to borrowers with lower credit scores, so read it beside the bank's dollar amounts and its trend.
This list ranks North Dakota banks by multifamily noncurrent rate. For the largest banks headquartered in North Dakota, see largest banks in North Dakota.
- No. 1 in North Dakota
- Cornerstone Bank
- Its Multifamily noncurrent
- 3.94%
- North Dakota median
- 0.00%
- Banks ranked
- 15
Ranked among banks headquartered in North Dakota, numbered 1 to 15 within the state from the same population as the national list. Browse every bank in the North Dakota bank directory.
Top 15 North Dakota banks by multifamily noncurrent rate
Highest first. Select a column heading to sort. The gap column shows each bank's distance from the North Dakota median of 0.00%. Missing values show as a dash and sort last.
| 1 | Cornerstone Bank Fargo, ND | 3.94% | $1.86B $1B to $10B |
| 2 | Bravera Bank Dickinson, ND | 0.81% | $3.83B $1B to $10B |
| 3 | Bell Bank Fargo, ND | 0.30% | $15.28B $10B to $100B |
| 4 | Alerus Financial, N.A. Grand Forks, ND | 0.27% | $5.39B $1B to $10B |
| 5 | Choice Financial Group Fargo, ND | 0.19% | $6.41B $1B to $10B |
| 6 | First International Bank and Trust Watford City, ND | 0.00% | $6.19B $1B to $10B |
| 7 | Gate City Bank Fargo, ND | 0.00% | $4.20B $1B to $10B |
| 8 | Western State Bank Devils Lake, ND | 0.00% | $2.51B $1B to $10B |
| 9 | First Western Bank and Trust Minot, ND | 0.00% | $2.39B $1B to $10B |
| 10 | Starion Bank Bismarck, ND | 0.00% | $2.03B $1B to $10B |
| 11 | Bank Forward Fargo, ND | 0.00% | $1.14B $1B to $10B |
| 12 | Border Bank Fargo, ND | 0.00% | $1.09B $1B to $10B |
| 13 | American Federal Bank Fargo, ND | 0.00% | $825.3M $100M to $1B |
| 14 | United Valley Bank Cavalier, ND | 0.00% | $768.1M $100M to $1B |
| 15 | Kodabank Drayton, ND | 0.00% | $546.3M $100M to $1B |
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Definition and formula
The multifamily noncurrent rate is the share of a bank's multifamily loans, mortgages on apartment buildings with five or more units, that are on nonaccrual or 90 or more days past due and still accruing.
Multifamily noncurrent rate = (Multifamily loans on nonaccrual + Multifamily loans 90+ days past due and still accruing) / Multifamily loans
The glossary entry for Multifamily Real Estate Loans explains each term, the call report items behind it and a worked example.
Which banks are ranked
This list ranks the 15 banks headquartered in North Dakota that meet every rule below, using each bank's latest FFIEC call report (data as of September 30, 2026).
- Banks with at least $100M in total assets, so a ratio on a very small balance sheet cannot lead the list.
- Banks with at least $25M in multifamily loans, so a rate on a few loans cannot lead the list.
- Lending institutions only: charters with loans under 5% of assets, mostly trust and custody banks, are not ranked.
- Charters the regulator has closed, merged or converted are excluded.
- Each bank charter ranks on its own; holding companies are not combined.
What moves the multifamily noncurrent rate
The rate rises when apartment owners cannot cover their debt service, most often when a loan written at a low fixed rate comes up for refinancing at a higher one, or when rent limits or new supply hold rents below rising costs. It falls as the bank restructures, sells or charges off problem loans. Most banks report no noncurrent multifamily loans at all, so a single large building can put a bank near the top of this list; read the rate beside the dollar amounts on the bank's asset quality page.
Frequently asked questions
Which bank in North Dakota has the highest multifamily noncurrent rate?
Cornerstone Bank has the highest multifamily noncurrent rate of the 15 ranked banks headquartered in North Dakota, at 3.94% as of September 30, 2026, according to its FFIEC call report. Bravera Bank ranks second at 0.81%. The median is 0.00%.
What is the median multifamily noncurrent rate among ranked US banks?
As of Q3 2026, multifamily noncurrent rate for the middle half of the 1,233 ranked US banks ran from 0.00% to 0.04%, and the median was 0.00%. Compare a bank with peers of the same size and business model rather than with the top of this list. See the Multifamily Real Estate Loans glossary entry.
How is the multifamily noncurrent rate calculated?
Multifamily noncurrent rate = (Multifamily loans on nonaccrual + Multifamily loans 90+ days past due and still accruing) / Multifamily loans. Each bank charter is ranked on its own; holding companies are not combined. See the Multifamily Real Estate Loans glossary entry.
The same ranking in other states
Other North Dakota rankings
More asset quality rankings
Source: FFIEC call reports for the quarter ended September 30, 2026, refreshed as each quarter's filings are processed. See data updates for the current freshness window. Next update: Q4 2026 Call Reports are due February 1, 2027; we expect them on the platform by mid-February 2027.
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