# AMERICAN BANK OF THE NORTH
NASHWAUK, MN · FDIC certificate 5216 · asset band $300M-1B · latest filing 2021-03 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $671.7M | |
| Deposits | $608.0M | |
| Loans and leases | $396.4M | |
| Total equity | $56.7M | |
| Loans / deposits | 65.08% (p33 of band) | 73.43% |
| Liquid assets / assets | 37.74% (p64 of band) | |
| Uninsured deposits / deposits | 28.07% (p61 of band) | 24.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.68% (p33 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 7.69% (p5 of band) | 9.83% |
| Unrealized securities loss / equity | -0.44% (p19 of band) | 0.83% |
| AOCI / equity | -0.31% (p75 of band) | |
| ROA (annualized) | 1.64% (p78 of band) | 1.17% |
| Net interest margin | 4.38% (p93 of band) | 3.30% |
| Efficiency ratio | 48.18% (p15 of band) | |
| Noncurrent loans | 0.54% (p56 of band) | 0.45% |
| Net charge-offs (annualized) | 0.00% (p35 of band) | |
| Reserve coverage of noncurrent | 30.47% | |
| Real estate % of loans | 66% | |
| Construction % of loans | 35.21% (p50 of band) | |
| Auto loans | $935,000 (0.24% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 34.2% | |
| Employees | 122 | |

## Flags firing in the latest filing

- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | reserve under noncurrent, construction >100% equity |  |
| 2011-06 | 2 |  |  |
| 2011-09 | 5 | losing money, noncurrent p90, charge-offs p90 |  |
| 2011-12 | 7 | leverage <7%, capital falling |  |
| 2012-03 | 4 |  | losing money, charge-offs p90, capital falling |
| 2012-06 | 7 | expense ratio p90, charge-offs p90, assets shrinking |  |
| 2012-09 | 10 | capital falling, losing money, deposits shrinking |  |
| 2012-12 | 9 |  | assets shrinking |
| 2013-03 | 7 | assets shrinking, uninsured deposits leaving | expense ratio p90, charge-offs p90, capital falling, losing money |
| 2013-06 | 6 |  | uninsured deposits leaving |
| 2013-09 | 6 |  |  |
| 2013-12 | 7 | expense ratio p90 |  |
| 2014-03 | 5 | charge-offs p90 | deposits shrinking, assets shrinking, expense ratio p90 |
| 2014-06 | 5 |  |  |
| 2014-09 | 5 |  |  |
| 2014-12 | 5 |  |  |
| 2015-03 | 3 |  | leverage <7%, charge-offs p90 |
| 2015-06 | 2 |  | construction >100% equity |
| 2015-09 | 3 | charge-offs p90 |  |
| 2015-12 | 3 |  |  |
| 2016-03 | 2 |  | charge-offs p90 |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 3 | charge-offs p90 |  |
| 2018-06 | 2 |  | charge-offs p90 |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 5 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2019-09 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-12 | 0 |  | reserve under noncurrent, noncurrent p90 |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 3 | capital falling, NIM <2.5%, reserve under noncurrent |  |
| 2020-12 | 2 |  | capital falling |
| 2021-03 | 1 |  | NIM <2.5% |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-04-26 [American Bank of the North hires Douglas Benner as senior vice president- market manager - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMigwJBVV95cUxNTmxYMGc2WUxGa2Q0TGE5VzdWQk90S01IVHJnVVZuTnZzS1NOS1VXdGhqM3kzQ3pFdU56ckJQdzdXZEw5VjFLNzRWQ1FWVzNDZ1RHVkVPMEt6UHF1aU5WUUxleG8xZWhDWUVwT2RUaERsWjRVV0tzUFVnVy11dGVQbXN1NFpoN0FqQ2oxUkctWDNrN2w0R29WUkpKaU01VDBsZVhEOTU3MDhfTGIwTTlyVk1jS2JYRVcxRWRBdW9SYTlKN3Zvdm9jc0FnWGM5Z21DLWpWZE44MV9KUDR4R3R3V3Fud3Biaks1SkF4VGd2QzI5MTVvbmhzRUhPZENMSHFMSmZj?oc=5) · Grand Rapids Herald-Review
- 2025-07-31 [Park State Bank to acquire First National Bank of Chisholm, expanding northern Minnesota presence - The Business Journals](https://news.google.com/rss/articles/CBMingFBVV95cUxPNkE2WVFiZU5wWWpMMDNwZkZwNFMzSGtWTkN1YWhabFExOTNMRE9manVBaWoyeFh6Y2sxZmpJSW9maFRjTG01enYxMU95QTNEbHppdzBNa2pKNEE1QkRnZU92RzBENlJZMG91VkNOa0dBVnVTc0JUVjN1SkpNTFRxQXd2SExxNVZrY05BZndwV2F6dW82VmNwR0QzQUdwdw?oc=5) · The Business Journals
- 2025-08-20 [Essentia Health welcomes four new board members - Essentia Health](https://news.google.com/rss/articles/CBMirgFBVV95cUxNTjhjcUdkWWFaVUo2cUNReVdKcFRrLWtMV0hkNVNCaklsbDBsR1pEVG5lRnpjbkRrN0JtOWRPT0xOZ1BieFFMTEw2LWYwUXdNRFU5eGIyYVVSemVud21qU2Q5OERPWlNFSkhNX0lBT29FQ001UmU4ekhBUXNZclB4VVJoOWZ5RVAtOFdMdUp4TU1GLTMyWVZnSDdoaTN5NmdyUXFibmdpVzRIZE5GYWc?oc=5) · Essentia Health
- 2016-01-22 [Marwick named CEO at American Bank - Grand Rapids Herald-Review](https://news.google.com/rss/articles/CBMiwAFBVV95cUxNMGp4RWdSRldaRlY4MHNaSTRCZUdxRGJxc09sbm5NWlB0cGt5Q0VqWEVncWtoaGhBMHlBWjRQUzN3a0NUNFpmU1NtcEdFTEdIY0J2TEs3d242Uml5SnNVcm54aGxVQTJlV1hpMk9RTlVHVmdDd1FvOF9DOFlFZXpqWF9GMXloMmdiR3NVcWw5REVISGh6VzV6dk1CeDZvaVFWMmxkMEJQYjRfZWlvZGN5YXZtQVlUWlFaOUxZdDAwMF8?oc=5) · Grand Rapids Herald-Review
- 2024-09-27 [Duluth jury faults Colorado couple for $250,000 inheritance theft - Duluth News Tribune](https://news.google.com/rss/articles/CBMirgFBVV95cUxOSDJWbU5Pd2pEZ0FCNklteFZsa2p1UGltTDBlbFc5TlBMX2l1aXlRc3c4Ym9LWEF6OWhINThPV1R6d1NhZzhiTjlMczA1NkxGS09jdTlkcWhHTXBCbTUyQmhyTWpUWnRXMG1aOXNReEpONFdfekpyV0dPNmwydUkwM2dBb2ZZbWtXbTMwcV9xMzhGQmhlZ2NJczhGc2Mtd18wWk4zNFJsRVk1S0YzVXc?oc=5) · Duluth News Tribune
- 2022-11-09 [2022 CFO of the Year: Christina Cavallin, Park Financial Group Inc. - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxONVdJSDV5RDEzYzMxOE11TVlZZjdlNVNFdFlFNXc5N2tMaFZpQ09wMkloZ1dPRS1TWmFvamw4bE5wVmN2NjlWblFXR1U3bHZWNkJLUzl6b3JfTHgtWWRpTUR1VzhGb1RCVU5XQmhiUFQ4ZkNjX2ZMLUsyYzl0MnNpaWI5c3c4cjJfakJZR3VCQTdXcE5XbUE2aWhsOEg4WjdQNzFIZl9kVQ?oc=5) · The Business Journals
- 2019-06-18 [[Update: 8 more banks] Google Pay adds 57 US banks and credit unions to its already enormous support list - androidpolice.com](https://news.google.com/rss/articles/CBMiwgFBVV95cUxPSjhTQUN1SFZQZDB1ekU5cHJlM201ckRZcllldUJhd1JxaVhqc1lnVzVQaW9jZEJ2M2dNd1ZVVjlUclhITE45eXE1N043Mk1sNkJfTW5JYmhRRy1rWEY5bU5tN1p6S1ZjbmZxTzNveDhNaVF2eGFGMUJROFhOTkIwdE5RRWkxRFN0UFlobmJNajZJcDROSmhES0c3WE1kWHhJckh2bExsc0IzaG1LWDVEYlg3amZKYWdOMFBkYzNNdVo2Zw?oc=5) · androidpolice.com
- 2024-05-30 [Christine Kasulis-Snetsinger Obituary (2024) - Duluth, MN - Grand Rapids Herald-Review - legacy.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQZ0RVZTM4MGRIanlCSktpRDlqemFBNzRWOGh0V0t0ZTk1RmlvS2tfWThIM2VEZmY1RG8zYzRwMjZxWF9ROUxtSVQ1SDZlelhvcjJqZndENnlnMHlPQmZMaUlMbXAwZlQwMEVYRmtoR1VnbTZ4QlZkNURSU0VxRTN5bl9wb2Q3T2hBOTVPVjY2ZmRoZ19mQkFXOWRJazI4ZS03RnF1aEdSX3o?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5216 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/32.json (key "5216", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide