Bank · FDIC insured
Bank Forward
A $1.1B bank headquartered in Fargo, ND, with 12 branches in 2 states. Best rates: CDs 4.06% and savings 1.10% APY.
Bank Forward Carrot Score
85
Carrot Score
Higher than 71% of U.S. banks and credit unions
#10 of 25 in Fargo, ND-MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Bank Forward
Founded in 1927 as Security State Bank of Hannaford, Bank Forward operates across 12 communities and their trade areas in North Dakota and Minnesota.
The bank changed its name to Security State Bank of North Dakota in 1991 before adopting the name Bank Forward in 2007.
Established in 2000 by the founding Brown family, an Employee Stock Ownership Plan holds over 40% ownership of the organization today.
- Headquarters
- 5650 37th Ave S, Fargo, ND 58104
- FDIC certificate
- 8941 ↗
Branches
12 branches in 2 states
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North Dakota
10 branches
Fargo area · 1
- Bank ForwardMain office5650 37th Ave S, Fargo, ND 58104Directions
Bowdon area · 1
- Bowdon Paying And Receiving Branch65 Main Street, Bowdon, ND 58418Directions
Carrington area · 1
- Carrington Banking House Branch484 Main St, Carrington, ND 58421Directions
Cooperstown area · 1
- Cooperstown Banking House Branch802 Burrel Ave Sw, Cooperstown, ND 58425Directions
Grand Forks area · 1
- Grand Forks Branch4651 S Columbia Rd, Grand Forks, ND 58201Directions
Hannaford area · 1
- Hannaford Branch390 Wheat St, Hannaford, ND 58448Directions
Jamestown area · 1
- Jamestown Branch400 2nd Ave Sw, Jamestown, ND 58401Directions
New Rockford area · 1
- New Rockford Branch6 8th St S, New Rockford, ND 58356Directions
Valley City area · 1
- Valley City Branch430 W Main St, Valley City, ND 58072Directions
Wimbledon area · 1
- Wimbledon Paying And Revceiving Bran122 3rd Ave, Wimbledon, ND 58492Directions
Minnesota
2 branches
Bemidji area · 1
- Bemidji Branch700 Paul Bunyan Dr Nw, Bemidji, MN 56601Directions
Brainerd area · 1
- Walker Branch106 6th St S, Walker, MN 56484Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.17% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.67% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.72% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $96 | $88 | — |
- CapitalLeverage ratio10.17%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.67%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.72%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$96Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Bank Forward are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.