(KNOX) – The state-owned Bank of North Dakota reported record profits of $192.7 million at year-end 2023 that put total assets over the $10 billion mark.
The bank’s profits are used to support loan participations with partner financial institutions and to support disaster recovery programs.
Profits may also be used to support legislatively directed loan programs and capital transfers to the general fund as needed.
Excess earnings are retained and accumulated to fund capital.
This year, the Bank originated and renewed more than 10,700 loans.
Copies of the 2023 Annual Report are available at www.bnd.nd.gov.
Valley Senior Living on Columbia in Grand Forks Among The Best in North Dakota
(File image) (KNOX) - Valley Senior Living on Columbia has been recognized as a Best Nursing Home for 2026 by U.S. News & World Report. This ranking places Valley on Columbia as one of five nursing homes in North Dakota to receive this designatio...
6h ago
UND Partners With Space And Defense Supplier Voyager Technologies
North Dakota U.S. Sen. Kevin Cramer holds up an agreement between Voyager Technologies and UND, along with Matt Kuta, president and co-founder of Voyager (left), and UND President Andy Armacost. Contributed photo via UND Today. (By Joe Banish. UND To...
5h ago
Grand Forks Business Leaves with Unpaid Debt to City
(KNOX) - A Grand Forks tech company that owes the city thousands of dollars in unpaid rent and loans is leaving. Thread, previously known as Airtonomy, is leaving the HIVE business incubator after roughly five years. Thrive owes at least $4000 in unp...
Dec 11, 2025
Armstrong Voices Support For Revised 'Waters of the U.S.' Definition
(Photo provided by the North Dakota Governor's Office) (KNOX) - Gov. Kelly Armstrong shared his support for the revised definition of Waters of the United States (WOTUS) proposed by the U.S. Environmental Protection Agency (EPA) and Army Corps of Eng...
6h ago
FOLLOW US FOR INSTANT UPDATES!
