Deerwood Bank

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

Deerwood Bank is headquartered in Waite Park and is the 13th largest bank in the state of Minnesota. It is also the 978th largest bank in the nation. It was established in 1910 and as of December of 2020, it had grown to 166 employees at 13 locations. Deerwood Bank has an A health rating.


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Health Grade Components

FDIC Certificate #5123
Year Established1910
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD12.39%
Annual Interest Income$32.5MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$934.7MM$719.0MM
LoansQ4 2020vs Q4 2019$642.4MM$554.5MM
DepositsQ4 2020vs Q4 2019$839.6MM$636.6MM
Equity CapitalQ4 2020vs Q4 2019$87.2MM$76.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$5.3MM$2.9MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.6MM$1.5MM
Real Estate OwnedQ4 2020vs Q4 2019$491.00K$1.0MM
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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

0.08%*$200k*-My Savings Plus
OTHER TIERS: 0.02% Up to $20k | 0.04% $20k - $200k
0.08%*$200k*-Business Savings Plus
OTHER TIERS: 0.02% Up to $20k | 0.04% $20k - $200k
0.04%*$2.5k*-Health Savings Account
OTHER TIERS: 0.01% Up to $1k | 0.02% $1k - $2.5k
0.04%*$1k*-My Savings
OTHER TIERS: 0.02% Up to $1k
0.04%*$1k*-Buckaroo Club
OTHER TIERS: 0.02% Up to $1k
0.04%*$1k*-Business Savings
OTHER TIERS: 0.02% Up to $1k

Deerwood Bank Checking Account Rates

0.04%--YES Club Checking
0.02%*$5k*-My Money Interest Checking
OTHER TIERS: 0.01% Up to $5k
0.02%*$5k*-Business Interest Checking
OTHER TIERS: 0.01% Up to $5k

Deerwood Bank CD Rates

0.80%$500-48 Month CD
0.70%$500-36 Month CD
0.60%$500-24 Month CD
0.25%$1k-12 Month CD
0.15%$2.5k-6 Month CD

Deerwood Bank IRA Rates

0.70%$500-36 Month Fixed IRA
0.60%$500-24 Month Fixed IRA
0.25%$500-12 Month Fixed IRA
0.15%$500-12 Month Variable IRA

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

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