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 12th largest bank in the state of Minnesota. It is also the 959th largest bank in the nation. It was established in 1910 and as of March of 2021, it had grown to 170 employees at 13 locations. Deerwood Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees170
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD8%
Annual Interest Income$7.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$1.01B$725.7MM
LoansQ1 2021vs Q1 2020$655.9MM$578.2MM
DepositsQ1 2021vs Q1 2020$910.0MM$640.5MM
Equity CapitalQ1 2021vs Q1 2020$88.7MM$78.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$5.4MM$3.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$4.0MM$1.6MM
Real Estate OwnedQ1 2021vs Q1 2020$445.00K$983.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.08%*$200k*-My Savings Plus
OTHER TIERS: 0.02% Up to $20k | 0.04% $20k - $200k
0.08%*$200k*-Business Savings Plus
OTHER TIERS: 0.02% Up to $20k | 0.04% $20k - $200k
0.04%*$2.5k*-Health Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $2.5k
0.04%*$1k*-My Savings
OTHER TIERS: 0.02% Up to $1k
0.04%*$1k*-Buckaroo Club
OTHER TIERS: 0.02% Up to $1k
0.04%*$1k*-Business Savings
OTHER TIERS: 0.02% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.04%--YES Club Checking
0.02%*$5k*-My Money Interest Checking
OTHER TIERS: 0.01% Up to $5k
0.02%*$5k*-Business Interest Checking
OTHER TIERS: 0.01% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-48 Month CD
0.70%$500-36 Month CD
0.60%$500-24 Month CD
0.25%$1k-12 Month CD
0.15%$2.5k-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%$500-36 Month Fixed IRA
0.60%$500-24 Month Fixed IRA
0.25%$500-12 Month Fixed IRA
0.15%$500-12 Month Variable IRA
Locations


Deerwood Bank Locations
Plaza Park Branch2351 Connecticut Ave. S, Suite 100Sartell, MN 56377
Baxter Br21236 Archibald RdDeerwood, MN 56444

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