Summary: Bank of North Dakota Aug 12

Standard & Poors, August 2012

Abstract
Ownership by the state of North Dakota Excellent capital Strong asset quality North Dakota's strong economy, underpinned by a robust oil industry Concentration in North Dakota Large indirect exposure to agriculture A risk profile subject to shifting political conditions Limited capital flexibility The stable outlook on Bank of North Dakota (BND) reflects Standard & Poor's Ratings Services' expectation that BND will continue to perform well, with excellent asset quality and strong capital. We could lower the ratings if the state's economy weakens, or if the bank's asset quality deteriorates significantly. For example, all else remaining equal, we could lower the ratings if nonperforming assets to customer loans plus other real estate owned assets (NPAs) increases to more than 4%, or...

Companies mentioned in this report are: Bank of North Dakota
Action: Review

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Bank of North Dakota

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