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

Deerwood Bank is headquartered in Deerwood and is the 25th largest bank in the state of Minnesota. It is also the 1,385th largest bank in the nation. It was established in 1910 and as of September of 2016, it had grown to 134 employees at 12 locations. Deerwood Bank has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees134
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.53%
Return on Equity - YTD13.46%
Annual Interest Income$15.5MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$505.3MM$527.4MM
LoansQ3 2016vs Q3 2015$363.8MM$354.3MM
DepositsQ3 2016vs Q3 2015$435.8MM$465.7MM
Equity CapitalQ3 2016vs Q3 2015$59.2MM$53.5MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.4MM$1.8MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$2.8MM$5.0MM
Real Estate OwnedQ3 2016vs Q3 2015$708.00K$1.5MM
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 Savings 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 Savings
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 13 locations. Click to view all Deerwood Bank locations.