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Overview / Commentary
21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Deerwood and is the 62nd largest bank in the state of Minnesota. It is also the 2,507th largest bank in the nation. It was established in 1910 and as of March of 2014, it had grown to 74 employees at 8 locations. Deerwood Bank has a B health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Deerwood Bank had $7.96 million in non-current loans and owned real-estate with $32.08 million in equity and loan loss allowances on hand to cover it. This gives Deerwood Bank a Texas Ratio of 24.83% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Deerwood Bank decreased slightly from 31.34% as of March 31, 2013 to 24.83% as of March 31, 2014, resulting in a positive change of 20.77%.This indicates that the balance sheet and financial strength for Deerwood Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Deerwood Bank has decreased its total deposits by -$5.1 million, resulting in -2.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Deerwood Bank has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Deerwood Bank has $255.5 million in assets with $32.08 million in equity, resulting in a capitalization level of 12.55%, which is excellent.

Institution Statistics

FDIC Certificate #5123
Year Established1910
Primary RegulatorFDIC
Assets and Liabilities
Assets$255.50 million
Loans$179.80 million
Deposits$217.86 million
Equity Capital$30.22 million
Loan Loss Allowance$1.85 million
Unbacked Noncurrent Loans$5.87 million
Real Estate Owned$2.09 million
Historic Data - March 2013
Assets$260.44 million
Equity Capital$30.16 million
Loan Loss Allowance$2.24 million
Unbacked Noncurrent Loans$5.87 million
Real Estate Owned$2.95 million
Profit Margin - Quarterly
Net Interest Margin3.79%
Return on Assets0.9%
Return on Equity7.71%
Interest Income$2.29 million
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Deerwood Bank Savings Account Rates

0.20%$2,500$5kHealth Savings Account
0.15%$20k-My saving Plus
0.02%$1k-My saving

Deerwood Bank Checking Account Rates

0.10%$1,500-Yes Club Checking
0.02%$5k-My Money Interest Checking

Deerwood Bank CD Rates

0.50%$500-36 Month CD
0.30%$500-24 Month CD
0.12%$1k-12 Month CD
0.07%$2,500-6 Month CD

Deerwood Bank IRA Rates

0.50%$500-36 Month Fixed IRA
0.30%$500-24 Month Fixed IRA
0.12%$500-12 Month Fixed IRA
0.12%$500-12 Month Variable IRA

Deerwood Bank Locations
Northome Branch12080 Main StreetNorthome, MN 56661
Bemidji Branch1350 Paul Bunyan Drive NWBemidji, MN 56601
Baxter Branch14986 Lynwood DrBaxter, MN 56425
Blackduck Branch16 Summit Avenue WestBlackduck, MN 56630
The First National Bank Of Deerwood21236 Archibald RoadDeerwood, MN 56444
Grand Rapids Branch2950 US Highway 169Grand Rapids, MN 55744
Brainerd Office Branch611 Washington St NeBrainerd, MN 56401
Garrison Branch9451 Madison StreetGarrison, MN 56450