This institution is no longer active

Operations ceased on April 1, 2002. CRA examination history below reflects the period it was active.

AMERICAN BANK OF THE NORTH

GRAND RAPIDS, MN · Supervised by FDIC

Est. 1919FDIC #10,954RSSD: FDIC-10954

Part ofMESABA BANCSHARES INC→ View all charters

Satisfactory Down

Current rating · Exam: November 1999

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 1.49%

Is this bank safe?

AMERICAN BANK OF THE NORTH holds a Satisfactory CRA rating (1999), is financially strong (ROA +1.49%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

1215 Pokegama Avenue South, GRAND RAPIDS, MN

County

Itasca County

Established

August 1, 1919

Total Assets

$94M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

November 1, 1999

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 26 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2002Call Report / FDIC

Total Assets

$94M

Total Deposits

$81M

Net Loans

$74M

Net Income

$368K

ROA

1.49%

Above avg for Small banks. Peer avg: 0.44%

ROE

19.16%

Risk-Based Capital

12.12%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.49%Peer avg: 0.44%▲ Above avg

Risk-Based Capital12.12%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate10.78%Peer avg: 6.90%▲ More than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2020	844	76.42%	10.78%
2019	342	59.94%	16.37%
2018	349	60.46%	16.05%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Nov 1999	Satisfactory	Small Bank
Nov 1996	Outstanding	Small Bank
Aug 1994	Satisfactory	Not Reported

2 previous ratings locked — back to 1991

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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