BankNorth: how it compares with its peers
Against 14 ND banks with half to twice its assets, BankNorth's strongest measure in Q2 2026 is net interest margin (5.03% vs. a 3.86% peer median). Its weakest relative measure is assets per employee ($6.9M vs. $7.8M).
| Measure | BankNorth | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.94% | 1.71% | Top third Ahead of 71% of peers |
| Net interest margin Annualized net interest income over earning assets. | 5.03% | 3.86% | Top third Ahead of 100% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 54.78% | 54.56% | Middle third Ahead of 50% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $6.9M | $7.8M | Bottom third Ahead of 29% of peers |
| Loans to deposits Net loans and leases over total deposits. | 110.73% | 87.38% | Context |
What it means for lending operations
Its efficiency ratio of 54.78% is better than the 54.56% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- American State Bank & Trust Company of Williston Williston, ND · $643M
- United Valley Bank Cavalier, ND · $752M
- Unison Bank Jamestown, ND · $597M
- American Federal Bank Fargo, ND · $796M
- First United Bank Park River, ND · $811M
- KodaBank Drayton, ND · $560M
Questions about BankNorth
How big is BankNorth?
BankNorth, established in 1905, is headquartered in Arthur, ND. It reported $694M in total assets in its Q2 2026 FDIC call report and operates 11 offices.
What is BankNorth's return on assets?
1.94% annualized in Q2 2026, against a 1.71% median for 14 ND banks with half to twice its assets, ahead of 71% of them.
What is BankNorth's efficiency ratio?
54.78% in Q2 2026: it spent about 55 cents in noninterest expense for each dollar of revenue. The peer median is 54.56%, and lower is better.
Is BankNorth growing its loans?
Net loans grew 7.8% over the year to Q2 2026, while deposits grew 10.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are ND banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every North Dakota bank ranked.