Deerwood Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.45%	1-year CD	12 Month CD 2.20% - Barclays 12 Month Online CD
0.10%	Savings	Buckaroo 1.65% - Synchrony Bank High Yield Savings
0.75%	3-year CD	36 Month CD 2.35% - Synchrony Bank 36 Month CD

View all Deerwood Bank rates »

Overview / Commentary

www.deerwoodbank.com

218-534-3111

21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Deerwood and is the 26^th largest bank in the state of Minnesota. It is also the 1,418^th largest bank in the nation. It was established in 1910 and as of December of 2017, it had grown to 126 employees at 11 locations. Deerwood Bank has an A+ health rating.

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Health

A+

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	126
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.55%
Return on Equity - YTD	12.8%
Annual Interest Income	$20.1MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$504.5MM$477.7MM
Loans	Q4 2017vs Q4 2016	$385.8MM$359.0MM
Deposits	Q4 2017vs Q4 2016	$432.9MM$417.5MM
Equity Capital	Q4 2017vs Q4 2016	$60.6MM$56.8MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$2.2MM$1.9MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$430.00K$2.8MM
Real Estate Owned	Q4 2017vs Q4 2016	$784.00K$485.00K

Rates

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Checking
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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
0.30%^*	$20k^*	-	Health Savings Account
OTHER TIERS: 0.03% → Up to $1k \| 0.05% → $1k - $2,500 \| 0.10% → $2,500 - $5k \| 0.12% → $5k - $10k \| 0.15% → $10k - $20k
0.30%^*	$20k^*	-	My Savings Plus
OTHER TIERS: 0.08% → Up to $20k
0.30%^*	$20k^*	-	Business Savings Plus
OTHER TIERS: 0.08% → Up to $20k
0.10%^*	$1k^*	-	My Savings
OTHER TIERS: 0.05% → Up to $1k
0.10%^*	$1k^*	-	Buckaroo
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
0.20%	-	-	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
0.75%	$500	-	36 Month CD
0.55%	$500	-	24 Month CD
0.45%	$1k	-	12 Month CD
0.30%	$2,500	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.75%	$500	-	36 Month Fixed IRA
0.55%	$500	-	24 Month Fixed IRA
0.45%	$500	-	12 Month Fixed IRA
0.30%	$500	-	12 Month Variable IRA

Locations

Availability

Minneapolis Area

Minneapolis Area bank & credit union details

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