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Bank of ND earnings continue climb: $94.2M profit

Bank of North Dakota (KFGO file image)
Bank of North Dakota (KFGO file image)

BISMARCK, N.D. (AP) - The Bank of North Dakota has set a profit record for the 10th straight year.

The nation's only state-owned bank made $94.2 million in profits last year. That's up from $81.5 million in 2012.

Bank profits have increased by $60 million since 2004.

The bank's annual report says assets at the Bismarck-based institution have grown to $6.8 billion.

Gov. Jack Dalrymple, Attorney General Wayne Stenehjem and Doug Goehring, the state agriculture commissioner, make up the Industrial Commission. It is the board of directors for the bank.