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Overview / Commentary
218-534-3111
21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Deerwood and is the 24th largest bank in the state of Minnesota. It is also the 1,391st largest bank in the nation. It was established in 1910 and as of March of 2016, it had grown to 135 employees at 13 locations. Deerwood Bank has an A health rating.

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Health
A

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees135
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD7.29%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$497.4MM$270.6MM
LoansQ1 2016vs Q1 2015$355.0MM$198.9MM
DepositsQ1 2016vs Q1 2015$433.6MM$228.6MM
Equity CapitalQ1 2016vs Q1 2015$55.9MM$35.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$1.3MM$1.9MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$3.3MM$1.9MM
Real Estate OwnedQ1 2016vs Q1 2015$1.1MM$718.00K
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
0.15%*$20k*-Health Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $5k | 0.03% $5k - $10k | 0.04% $10k - $20k
0.15%*$20k*-My saving Plus
OTHER TIERS: 0.02% Up to $20k
0.15%*$1k*-Business Savings Plus
OTHER TIERS: 0.02% Up to $1k
0.02%*$1k*-My saving
OTHER TIERS: 0.01% Up to $1k
0.02%*$1k*-Buckaroo
OTHER TIERS: 0.01% Up to $1k
0.02%*$1k*-Business Savings
OTHER TIERS: 0.01% Up to $1k

Deerwood Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$50-My Money Market IRA Savings

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Yes Club Checking
0.02%*$5k*-My Money Interest Checking
OTHER TIERS: 0.01% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

Deerwood Bank has 14 locations. Click to view all Deerwood Bank locations.