Bravera Bank


Bravera Bank is an FDIC insured institution headquartered at 220 1st Ave W, Dickinson, ND 58601.
It was founded in 1977 and has approximately $3 billion in assets. Customers can open an account at one of its 18 branches.

Deposit Rates - July 25, 2024

SAVINGS RATES APY MIN
CD RATES APY MIN
Special: 6 Mo CD
0.40% $1,000 Compare
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
Special: 9 Mo CD
0.65% $1,000 Compare
MM RATES APY MIN
Money Market
0.10% $2,500 Compare
Money Market
0.10% $10,000 Compare
Money Market
0.10% $25,000 Compare
PREMM RATES APY MIN
Premium Money Market
0.10% $10,000 Compare
Premium Money Market
0.10% $25,000 Compare
FIXED IRA RATES APY MIN
Special: 12 Mo FIRA
0.65% $1,000
Special: 36 Mo FIRA
0.65% $1,000
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22559
Date Established 1977
Assets $ 3.23 billion
Loans $ 2.08 billion
Deposits $ 2.87 billion
Capital $ 285.18 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 18.36 million
Interest-bearing balances $ 1.48 million
Total securities $ 750.73 million
Federal funds sold and reverse repurchase $ 200.00 million
Net loans and leases $ 2.08 billion
Loan loss allowance $ 25.63 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.44 million
Goodwill and other intangibles $ 43.24 million
All other assets $ 62.68 million
     Total Assets $ 2.95 billion

LIABILITIES
Total deposits $ 2.87 billion
      Interest-bearing deposits $ 2.44 billion
      Deposits held in domestic offices $ 2.87 billion
      % insured (estimated) 87.47%
Federal funds purchased and repurchase agreements $ 2.32 million
Trading liabilities N.A.
Other borrowed funds $ 9.18 million
Subordinated debt N.A.
All other liabilities $ 8.10 millionn
      Total Liabilities $ 2.95 billion
      Shareholders’ Equity $ 285.18 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 37.66 million
Total Interest Expense $ 16.05 million
Net interest income $ 21.61 million
Provision for loan and lease losses $ 0.50 million
Total non interest income $ 12.92 million
Total non interest expense $ 20.16 million
Pre-tax Net Operating Income $ 15.60 million

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Branches

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Bravera Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    NORTH DAKOTA
    $50,000
    6 Month
    0.40%
    0.99x (National Avg. - 0.40%)
    $1,000
    -
    SCENARIO
    Year Rate
    0.40%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 200 140
    2 50,200 201 141
    3 50,401 202 141
    4 50,602 202 142
    5 50,805 203 142
    6 51,008 204 143
    7 51,212 205 143
    8 51,417 206 144
    9 51,623 206 145
    10 51,829 207 145
    11 52,036 208 146
    12 52,245 209 146
    13 52,454 210 147
    14 52,663 211 147
    15 52,874 211 148
    16 53,085 212 149
    17 53,298 213 149
    18 53,511 214 150
    19 53,725 215 150
    20 53,940 216 151
    TOTAL $4,156 $2,909
  • 2
    LOCAL CD
    Bank
    -
    $50,000
    7 Month
    5.05%
    N.A.
    $5,000
    -
    SCENARIO
    Year Rate
    5.05%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,525 1,768
    2 52,525 2,653 1,857
    3 55,178 2,786 1,951
    4 57,964 2,927 2,049
    5 60,891 3,075 2,153
    6 63,966 3,230 2,261
    7 67,196 3,393 2,375
    8 70,590 3,565 2,495
    9 74,155 3,745 2,621
    10 77,899 3,934 2,754
    11 81,833 4,133 2,893
    12 85,966 4,341 3,039
    13 90,307 4,561 3,192
    14 94,868 4,791 3,354
    15 99,659 5,033 3,523
    16 104,691 5,287 3,701
    17 109,978 5,554 3,888
    18 115,532 5,834 4,084
    19 121,367 6,129 4,290
    20 127,496 6,439 4,507
    TOTAL $83,934 $58,754
  • 3
    LOCAL CD
    Bank
    -
    $50,000
    12 Month
    5.15%
    9.20x (National Avg. - 0.56%)
    $5,000
    -
    SCENARIO
    Year Rate
    5.15%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 2,575 1,803
    2 52,575 2,708 1,895
    3 55,283 2,847 1,993
    4 58,130 2,994 2,096
    5 61,123 3,148 2,203
    6 64,271 3,310 2,317
    7 67,581 3,480 2,436
    8 71,062 3,660 2,562
    9 74,721 3,848 2,694
    10 78,569 4,046 2,832
    11 82,616 4,255 2,978
    12 86,870 4,474 3,132
    13 91,344 4,704 3,293
    14 96,049 4,946 3,463
    15 100,995 5,201 3,641
    16 106,196 5,469 3,828
    17 111,665 5,751 4,026
    18 117,416 6,047 4,233
    19 123,463 6,358 4,451
    20 129,821 6,686 4,680
    TOTAL $86,507 $60,555