First State Bank of Cando
Cando, North Dakota · FDIC Cert #15471
First State Bank of Cando is an FDIC-insured bank (Certificate #15471) with $72M in total assets and $63M in total deposits as of the Q2 2024 Call Report. Headquartered in Cando, North Dakota, the bank maintains a Tier 1 capital ratio of 18.44% (Well-Capitalized) and a nonperforming loan ratio of 1.13%. BankHealthData assigns a composite Health Grade of A (87/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First State Bank of Cando (FDIC cert 15471) is a community bank — $72M in total assets, $63M in deposits, serving the Cando, North Dakota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 18.44% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 1.13% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is very high: 56.4% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is thin: ROA of 0.45% runs below the 1% benchmark. Thin margins can reflect cyclical net-interest-margin pressure, elevated provisions for loan losses, or operating-cost inefficiency. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. First State Bank of Cando carries a composite BankHealth grade of A (87/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First State Bank of Cando
- Total Assets
- $72M
- Total Deposits
- $63M
- Tier 1 Capital Ratio
- 18.44%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.13%
- Liquidity Ratio
- 56.40%
- Return on Assets
- 0.45%
- Headquarters
- Cando, North Dakota
- FDIC Certificate
- #15471
- Health Grade
- A (87/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First State Bank of Cando holds a Tier 1 capital ratio of 18.44%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First State Bank of Cando has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First State Bank of Cando shows strong financial health indicators. With $72M in assets and a Health Score of 87/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First State Bank of Cando Compares
First State Bank of Cando’s Health Score of 87 is 19 points above the North Dakota state average of 68 across 55 FDIC-insured banks. Its 18.44% Tier 1 capital ratio is 4.4 points above the US banking industry average near 14%. The 1.13% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 0.45% is below the national ROA benchmark of ~1.1%. Among 817 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, First State Bank of Cando is 17 points above the portfolio average of 70.
Frequently Asked Questions
First State Bank of Cando has a Bank Health Score of A (87/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 18.44%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First State Bank of Cando's Tier 1 capital ratio of 18.44% and nonperforming loan ratio of 1.13% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First State Bank of Cando is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #15471). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First State Bank of Cando holds $72M in total assets and $63M in total deposits. It is headquartered in Cando, North Dakota (FDIC Certificate #15471).
First State Bank of Cando has a Tier 1 capital ratio of 18.44%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.13%, and the return on assets is 0.45%.
Yes. First State Bank of Cando is FDIC-insured (Certificate #15471). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First State Bank of Cando's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.