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State-owned Bank of ND makes record $81M profit

BISMARCK, N.D. (AP) -- The state-owned Bank of North Dakota set a record last year with $81 million in profits.

The bank's annual report says it's the ninth straight year the state-owned bank has set an income record.

The Bank of North Dakota had more than $70 million in profits in 2011 and $62 million in profits in 2010.

The bank's assets are now $6.1 billion, up from $5.3 billion than 2011.