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North Shore Bank Of Commerce
Duluth, MN · FDIC Certificate #8850 · Chartered 09/1
Total assets
$598.53M
Total deposits
$516.52M
Total equity
$49.86M
Net loans
$468.57M
Branches (offices)
7
Net income (YTD)
$4.58M
Rank: #1,554 of 4,213 U.S. banks by assets · #39 of 221 in Minnesota. Assets changed 8.5% and deposits 10.5% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.56% |
| Return on equity | 18.32% |
| Net interest margin (YTD) | 4.40% |
| Equity to assets | 8.33% |
| Tier 1 leverage ratio | 8.74% |
| Uninsured deposits (share of deposits) | 13.3% |
| Noncurrent loans (share of loans) | 0.14% |
| Net charge-offs (share of loans) | 0.00% |
| Loans to deposits | 90.7% |
| Real estate loans (share of loans) | 92.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $430.92M | 92.0% | |
| Commercial & industrial | $31.88M | 6.8% | |
| Consumer / individual | $6.62M | 1.4% | |
| Construction & development | $33.72M | 7.2% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $402.18M | $363.70M | $2.21M | $36.46M |
| Jun 2023 | $445.84M | $354.31M | $2.00M | $37.65M |
| Jun 2024 | $513.01M | $399.14M | $2.54M | $39.44M |
| Jun 2025 | $551.80M | $467.62M | $3.49M | $45.52M |
| Jun 2026 | $598.53M | $516.52M | $4.58M | $49.86M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $516.52M | 7 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $516.52M.
Similar-sized banks
Grand Valley Bank ($599.38M) · The Citizens Bank Of Georgia ($598.51M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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