Deerwood Bank is headquartered in Waite Park and is the 18th largest bank in the state of Minnesota. It is also the 961st largest bank in the nation. It was established in 1910 and as of June of 2022, it had grown to 175 employees at 12 locations. Deerwood Bank's savings rates are 63% higher than the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 5123 |
Year Established | 1910 |
Employees | 175 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.7% |
Return on Equity - YTD | 7.98% |
Annual Interest Income | $15.9MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $1.02B$1.00B |
Loans | Q2 2022vs Q2 2021 | $659.5MM$676.6MM |
Deposits | Q2 2022vs Q2 2021 | $925.9MM$907.9MM |
Equity Capital | Q2 2022vs Q2 2021 | $88.9MM$91.2MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $5.7MM$5.4MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.6MM$5.8MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $25.00K$424.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.30% | - | - | YES Club Checking | ||
0.10%* | $5k* | - | My Money+ | ||
OTHER TIERS: 0.05% → Up to $5k | |||||
0.10%* | $5k* | - | Business Checking + | ||
OTHER TIERS: 0.05% → Up to $5k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.27% | $500 | - | 48 Month CD | |
2.02% | $500 | - | 36 Month CD | |
1.26% | $500 | - | 24 Month CD | |
1.00% | $1k | - | 12 Month CD | |
0.60% | $2.5k | - | 6 Month CD |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
2.02% | $500 | - | 36 Month Fixed IRA | |
1.26% | $500 | - | 24 Month Fixed IRA | |
1.00% | $500 | - | 12 Month Fixed IRA | |
0.60% | $500 | - | 12 Month Variable IRA |
Deerwood Bank Locations | ||
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Plaza Park Branch | 2351 Connecticut Ave. S, Suite 100 | Sartell, MN 56377 |
Baxter Br | 21236 Archibald Rd | Deerwood, MN 56444 |