Bank of North Dakota Posts $231.8 Million 2025 Income
The nation's only state-owned bank reports solid returns as Washington explores a similar banking model.
Updated on Oct. 29, 2026 in Banking
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The Bank of North Dakota generated $231.8 million in net income during 2025 while holding $10.7 billion in total assets. The institution continues to serve as the only state-owned bank in the United States.
Why it matters
The bank operates under a legislative mandate to foster local agriculture, commerce, and industry. As the state lender partners with local institutions on loan programs, its performance serves as a primary reference for other states considering similar financial structures.
The bank reported a 17.2% return on investment and a 4.69% total return to the state during 2025. Additionally, the institution originated and renewed $2.5 billion in loans throughout the year.
The players
Bank of North Dakota
The institution is the only operating state-owned bank in the United States.
The details
Established in 1919, the bank requires state funds and assets held by state institutions to be deposited within its accounts. Washington has appropriated $300,000 to fund a work group tasked with examining capital sources and drafting a plan for its own potential state bank.
Timeline
1919: The Bank of North Dakota was established.
2025: The bank generated $231.8 million in net income.
Dec. 31, 2026: Washington state bank work group update is due.
June 30, 2027: Washington state bank work group report is due.
Market Dynamics
The bank continues to operate under its 1919 charter as the only state-owned lender in the country. Its continued solvency and profitability provide a structural blueprint for other states currently researching public banking models.
Local financial institutions utilize the state lender to deliver various loan programs to the public. These partnerships remain a core component of how the bank provides credit for agriculture and industry across the state.
The takeaway
North Dakota remains the only state in the country to operate its own bank successfully. Policymakers elsewhere look to these results to determine if public-owned banking can effectively stimulate regional commerce.
What happens next
A Washington state bank work group is scheduled to submit an update on Dec. 31, 2026, followed by a full report on June 30, 2027.
Further reading
For more on state-regulated financial institutions, see Banking.
Source note: This article includes information reported by TokenPost.
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