Deerwood Bank

Overview / Commentary

218-534-3111

131 6Th Ave South, # 100
Waite Park, MN 56387

Deerwood Bank is headquartered in Waite Park and is the 16^th largest bank in the state of Minnesota. It is also the 1,060^th largest bank in the nation. It was established in 1910 and as of September of 2019, it had grown to 166 employees at 13 locations. Deerwood Bank has an A health rating.

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Health

Data as of Q3 2019

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	166
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.3%
Return on Equity - YTD	12.56%
Annual Interest Income	$24.7MM

Assets and Liabilities
Assets	Q3 2019vs Q3 2018	$722.7MM$687.9MM
Loans	Q3 2019vs Q3 2018	$543.6MM$538.2MM
Deposits	Q3 2019vs Q3 2018	$642.9MM$613.3MM
Equity Capital	Q3 2019vs Q3 2018	$74.9MM$73.3MM
Loan Loss Allowance	Q3 2019vs Q3 2018	$2.6MM$2.1MM
Unbacked Noncurrent Loans	Q3 2019vs Q3 2018	$1.6MM$2.9MM
Real Estate Owned	Q3 2019vs Q3 2018	$1.4MM$1.6MM

Rates

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Savings
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Deerwood Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%^*	$200k^*	-	My Savings Plus
OTHER TIERS: 0.05% → Up to $20k \| 0.30% → $20k - $200k
0.50%^*	$200k^*	-	Business Savings Plus
OTHER TIERS: 0.05% → Up to $20k \| 0.30% → $20k - $200k
0.30%^*	$20k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $5k \| 0.15% → $5k - $10k \| 0.20% → $10k - $20k
0.10%^*	$1k^*	-	My Savings
OTHER TIERS: 0.05% → Up to $1k
0.10%^*	$1k^*	-	Buckaroo Club
OTHER TIERS: 0.05% → Up to $1k
0.10%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.05% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	-	-	YES Club Checking
0.08%^*	$5k^*	-	My Money Interest Checking
OTHER TIERS: 0.05% → Up to $5k
0.08%^*	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.41%	$500	-	48 Month CD
1.21%	$500	-	36 Month CD
0.75%	$500	-	24 Month CD
0.50%	$1k	-	12 Month CD
0.35%	$2.5k	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.21%	$500	-	36 Month Fixed IRA
0.75%	$500	-	24 Month Fixed IRA
0.50%	$500	-	12 Month Fixed IRA
0.35%	$500	-	12 Month Variable IRA

Locations

Deerwood Bank Locations
Plaza Park Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	21236 Archibald Rd	Deerwood, MN 56444

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