Vitals
  • Total Assets
    544.8M 6.8 %
  • Total Deposits
    438.9M 4.0 %
  • Total Net Loans
    411.2M -0.2 %
  • Net Income
    7.8M 23.6 %
  • Book Value
    55.1M 1.4 %
  • Book Value x2
    110.2M 1.4 %
  • Book Value x3
    165.3M 1.4 %
ROAA

1.485

ROAE

14.277

Efficiency Ratio

74.862

Net Interest Margin

4.129

Balance Sheet Highlights
Financial Highlights Bank Forward All Insured Commercial Banks in North Dakota
Balance Sheet $(000)
Total Assets 544,849 232,076
Total Net Loans 411,196 156,713
Total Deposits 438,870 198,811
Total Equity 55,100 23,476
Profitability
Net Income 7,809 3,002
Return on Average Assets 1.485 1.206
Return on Average Equity 14.277 11.39
Net Interest Margin 4.129 3.951
Efficiency Ratio 74.862 62.572
Noninterest Income/Revenue 36.383 15.037
Balance Sheet Ratios
Loan-to-Deposit 93.694 75.896
Securities/Assets .058 .19
Total Equity/Total Assets .101 .101
Tangible Equity/Tangible Assets .087 .097
Capital Adequacy
Tier 1 Common Capital 49,292 22,730
Tier 1 Capital 49,292 22,737
Tier 2 Capital 5,054 2,012
Total Capital 54,346 24,749
Total Risk Weighted Assets 424,092 176,189
Leverage Ratio 9.17 10.101
Common Equity Tier 1 Capital Ratio 11.62 13.897
Tier 1 Capital Ratio 11.62 13.902
Total Capital Ratio 12.81 14.995

Timeline for Bank Forward

Invest Forward, Inc

Invest Forward, Inc became a new subsidiary organization for Bank Forward.

View Profile Aug 03 2012

Tax Forward

Tax Forward became a new subsidiary organization for Bank Forward.

View Profile Dec 01 2008

Insure Forward

Insure Forward became a new subsidiary organization for Bank Forward.

View Profile Oct 01 2007

Fpm Insurance Agency, Inc.

Fpm Insurance Agency, Inc. became a new subsidiary organization for Bank Forward.

View Profile Mar 14 2007

Ips Incorporated

Ips Incorporated became a new subsidiary organization for Bank Forward.

View Profile Jan 01 2007

Want to see more?

Complete timeline for Bank Forward is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Centennial National Bank Seller 43,686 Pooling of Interests Discontinued 4/1/2006
Farmers State Bank Seller 29,481 Discontinued 2/16/1993
The First State Bank Of New Rockford Seller 15,370 Discontinued 10/1/1991
Farmers & Merchants Bank Of Wimbledon Seller 10,230 Discontinued 10/1/1991
Relationships Role Relationship Start Relationship End
Security State Bank Holding Company Parent 12/31/1983
Security State Bank Holding Company Parent 11/1/1977 12/30/1983
Insure Forward Subsidary 10/1/2007
Tax Forward Subsidary 12/1/2008
Invest Forward, Inc Subsidary 8/3/2012
Ips Incorporated Subsidary 6/30/2007 12/31/2007
Fpm Insurance Agency, Inc. Subsidary 6/30/2007 12/31/2007
Ips Incorporated Subsidary 1/1/2007 6/29/2007
Fpm Insurance Agency, Inc. Subsidary 3/14/2007 6/29/2007
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