Bank of North Dakota Sets Record Profits For 12th Straight Year

The Bank of North Dakota set a record profit in 2015 for the 12th straight year.

Bank officials say their net income last year was over $130 million. That’s up from $111 million in 2014.

The bank also said that 2016 is already is off to a strong start.

He says net income for the first quarter of 2016 was over $37 million.

The Bank of North Dakota is the nation’s only state–owned bank.