BND Releases Annual Report

The state-owned Bank of North Dakota finished 2024 with assets of $10.8 billion, an increase of nearly seven percent from the previous year. It had net income of more than $200 million, up from $193 million in 2023. The agriculture loan portfolio increased by $61 million with Bank of North Dakota funding and renewing $244 million of loans. Farm and Ranch Loans led the way with $183 million, followed by Established Farmer Real Estate Loans, which funded $24 million for farmers and ranchers.