Deerwood Bank

Overview / Commentary

www.deerwoodbank.com

218-534-3111

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

Deerwood Bank is headquartered in Waite Park and is the 14^th largest bank in the state of Minnesota. It is also the 1,064^th largest bank in the nation. It was established in 1910 and as of December of 2018, it had grown to 164 employees at 13 locations. Deerwood Bank's savings rates are 54% higher than the national average, and it has an A health rating.

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Health

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	164
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.24%
Return on Equity - YTD	11.19%
Annual Interest Income	$29.4MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$713.9MM$504.5MM
Loans	Q4 2018vs Q4 2017	$531.4MM$385.8MM
Deposits	Q4 2018vs Q4 2017	$639.7MM$432.9MM
Equity Capital	Q4 2018vs Q4 2017	$72.1MM$60.6MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$2.1MM$2.2MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$2.6MM$430.00K
Real Estate Owned	Q4 2018vs Q4 2017	$1.6MM$784.00K

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
0.80%^*	$200k^*	-	My Savings Plus
OTHER TIERS: 0.10% → Up to $20k \| 0.55% → $20k - $200k
0.80%^*	$200k^*	-	Business Savings Plus
OTHER TIERS: 0.10% → Up to $20k \| 0.55% → $20k - $200k
0.55%^*	$20k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $2.5k \| 0.30% → $2.5k - $5k \| 0.35% → $5k - $10k \| 0.40% → $10k - $20k
0.30%^*	$1k^*	-	My Savings
OTHER TIERS: 0.10% → Up to $1k
0.30%^*	$1k^*	-	Buckaroo Club
OTHER TIERS: 0.10% → Up to $1k
0.30%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.10% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	-	-	YES Club Checking
0.10%^*	$5k^*	-	My Money Interest Checking
OTHER TIERS: 0.05% → Up to $5k
0.10%^*	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.05% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.07%	$500	-	48 Month CD
1.76%	$500	-	36 Month CD
1.26%	$500	-	24 Month CD
0.80%	$1k	-	12 Month CD
0.50%	$2.5k	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.76%	$500	-	36 Month Fixed IRA
1.26%	$500	-	24 Month Fixed IRA
0.80%	$500	-	12 Month Fixed IRA
0.50%	$500	-	12 Month Variable IRA

Locations

Deerwood Bank Locations
Plaza Park Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	131 6th Avenue S, Suite 100	Waite Park, MN 56387

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