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Wednesday, May 3, 2017

Bank Of North Dakota -- Record Profits -- Again -- May 3, 2017

Link here. Data points:
  • for 2016, profits: $136.2 million
  • for 2015, profits: $130.7 million
  • third consecutive year with more than $100 million in profits
  • 2017 estimate: $140 - $145 million in profits
  • thirteen years of record profits
  • the state could ask for some of those profits to be used for budget shortfall; first time since 2007 that profits would be utilized in that manner
  • bank's loan portfolio: largest ever -- nearly $5 billion in 2016, an increase of almost $450 million since 2015
  • increases in loans for business, agricultural, student and residential loans 
I don't know if 3% profit is good or bad ($150 million / $5 billion).

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