County banking markets / ND / 38035
Grand ForksNorth Dakota
FIPS 38035. Branch offices reported to the FDIC Summary of Deposits, June 30 of each survey year, 1994–2025. One of 51 counties in North Dakota’s 2025 survey.
Concentration, 1994–2025
Branch-count HHI squares each institution’s share of the county’s branch offices; deposit HHI squares its share of county deposits. The bands are the 2010 Horizontal Merger Guidelines classification, the dashed line the 1,800 level above which the Federal Reserve reviews a merger centrally. In 2025 this market is unconcentrated on branches (848) and unconcentrated on deposits (1,389).
Source: FDIC Summary of Deposits | DOJ & FTC, Horizontal Merger Guidelines (2010), section 5.3 | Federal Reserve, Competitive Effects of Mergers and Acquisitions FAQs Both indices computed from the SOD branch rows for this county, June 30 of each survey year. Neither is the Fed's screen HHI: no thrift weighting, no exclusion of specialty and internet banks, no central-booking adjustment. Methodology
Branches and institutions
21 branch offices and 8 institutions in 1994; 25 and 15 in 2025. Deposits booked in the county went from $732.8M to $3.07B, nominal.
Source: FDIC Summary of Deposits FDIC Summary of Deposits, June 30 of each survey year, 1994-2025. Methodology
Who holds the deposits, 2025
Every institution with a branch in the county, ranked by deposits booked here. Both shares are shown because they are the two indices above: squaring and summing the deposit column gives the deposit HHI, the branch column the branch-count HHI.
| # | Institution | Deposits | Deposit share | Branches | Branch share |
|---|---|---|---|---|---|
| 1 | Alerus Financial, National Association cert 3931 | $857.2M | 27.97% | 4 | 16.00% |
| 2 | Old National Bank cert 3832 | $426.0M | 13.90% | 2 | 8.00% |
| 3 | Gate City Bank cert 27774 | $331.1M | 10.80% | 3 | 12.00% |
| 4 | U.S. Bank National Association cert 6548 | $314.4M | 10.26% | 2 | 8.00% |
| 5 | First State Bank cert 15539 | $227.9M | 7.43% | 2 | 8.00% |
| 6 | Choice Financial Group cert 9423 | $218.4M | 7.12% | 2 | 8.00% |
| 7 | Wells Fargo Bank, National Association cert 3511 | $196.4M | 6.41% | 1 | 4.00% |
| 8 | Frandsen Bank & Trust cert 1399 | $141.9M | 4.63% | 1 | 4.00% |
| 9 | United Valley Bank cert 15478 | $91.2M | 2.97% | 1 | 4.00% |
| 10 | Bank Forward cert 8941 | $76.1M | 2.48% | 1 | 4.00% |
| 11 | First International Bank & Trust cert 10248 | $58.2M | 1.90% | 1 | 4.00% |
| 12 | American Federal Bank cert 29140 | $48.0M | 1.57% | 2 | 8.00% |
| 13 | KodaBank cert 8386 | $31.8M | 1.04% | 1 | 4.00% |
| 14 | Bell Bank cert 19581 | $30.1M | 0.98% | 1 | 4.00% |
| 15 | Bravera Bank cert 22559 | $16.6M | 0.54% | 1 | 4.00% |
Source: FDIC Summary of Deposits June 30, 2025. Branch rows grouped by FDIC certificate; names as reported to the survey. Deposit share is n/a where the county's total SOD deposits are zero. Methodology
Back to county banking markets, up to North Dakota, or read the methodology for the two HHI constructions and what they cannot tell you.