Deerwood Bank


Overview / Commentary
320-252-4200
131 6Th Ave South, # 100
Waite Park, MN 56387

Deerwood Bank is headquartered in WAITE PARK and is the 16th largest bank in the state of Minnesota. It is also the 903rd largest bank in the nation. It was established in 1910 and as of March of 2025, it had grown to 181 employees at 14 locations. Deerwood Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees181
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD15.52%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.18B$1.03B
LoansQ1 2025vs Q1 2024$883.9MM$747.9MM
DepositsQ1 2025vs Q1 2024$1.05B$845.2MM
Equity CapitalQ1 2025vs Q1 2024$118.1MM$105.2MM
Loan Loss AllowanceQ1 2025vs Q1 2024$6.8MM$5.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$8.3MM$1.2MM
Real Estate OwnedQ1 2025vs Q1 2024$354K$72K
Rates

Rates for Deerwood Bank are currently being reviewed.

Locations


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

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