This institution is no longer active

Operations ceased on November 13, 2020. CRA examination history below reflects the period it was active.

BLACKRIDGEBANK

FARGO, ND · Supervised by FDIC

Est. 2007FDIC #58,580RSSD: FDIC-58580

Part ofWESTBRAND INC→ View all charters

Satisfactory Same

Current rating · Exam: June 2020

CompareWatch

At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Strong

ROA 1.30%

Is this bank safe?

BLACKRIDGEBANK holds a Satisfactory CRA rating (2020), is financially strong (ROA +1.30%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

4040 42nd Street South, FARGO, ND

County

Cass County

Established

April 23, 2007

Total Assets

$548M(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

June 1, 2020

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 6 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 Q3 2020Call Report / FDIC

Total Assets

$548M

Total Deposits

$473M

Net Loans

$441M

Net Income

$5M

ROA

1.30%

Above avg for Small banks. Peer avg: 0.44%

ROE

9.49%

Risk-Based Capital

10.58%

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).

ROA1.30%Peer avg: 0.44%▲ Above avg

Risk-Based Capital10.58%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate4.49%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2020	1,649	83.02%	4.49%
2019	1,070	78.79%	5.89%
2018	926	81.53%	4.54%

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
Jun 2020	Satisfactory	Intermediate Small Bank
Jun 2017	Satisfactory	Intermediate Small Bank
Aug 2014	Satisfactory	Intermediate Small Bank

1 previous rating locked — back to 2009

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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