Deerwood Bank

Overview / Commentary

218-534-3111

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

Deerwood Bank is headquartered in Waite Park and is the 15^th largest bank in the state of Minnesota. It is also the 1,009^th largest bank in the nation. It was established in 1910 and as of June of 2020, it had grown to 170 employees at 13 locations. Deerwood Bank has an A health rating.

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	170
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.86%
Return on Equity - YTD	8.52%
Annual Interest Income	$15.0MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$885.2MM$693.5MM
Loans	Q2 2020vs Q2 2019	$656.7MM$546.7MM
Deposits	Q2 2020vs Q2 2019	$799.5MM$609.1MM
Equity Capital	Q2 2020vs Q2 2019	$80.5MM$72.4MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$4.8MM$2.6MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$4.2MM$1.8MM
Real Estate Owned	Q2 2020vs Q2 2019	$796.00K$1.5MM

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
0.10%^*	$200k^*	-	My Savings Plus
OTHER TIERS: 0.02% → Up to $20k \| 0.05% → $20k - $200k
0.10%^*	$200k^*	-	Business Savings Plus
OTHER TIERS: 0.02% → Up to $20k \| 0.05% → $20k - $200k
0.05%^*	$2.5k^*	-	Health Savings Account
OTHER TIERS: 0.01% → Up to $1k \| 0.03% → $1k - $2.5k
0.05%^*	$1k^*	-	My Savings
OTHER TIERS: 0.02% → Up to $1k
0.05%^*	$1k^*	-	Buckaroo Club
OTHER TIERS: 0.02% → Up to $1k
0.05%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.02% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	-	-	YES Club Checking
0.03%^*	$5k^*	-	My Money Interest Checking
OTHER TIERS: 0.01% → Up to $5k
0.03%^*	$5k^*	-	Business Interest Checking
OTHER TIERS: 0.01% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.90%	$500	-	48 Month CD
0.80%	$500	-	36 Month CD
0.75%	$500	-	24 Month CD
0.25%	$1k	-	12 Month CD
0.15%	$2.5k	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%	$500	-	36 Month Fixed IRA
0.75%	$500	-	24 Month Fixed IRA
0.25%	$500	-	12 Month Fixed IRA
0.15%	$500	-	12 Month Variable IRA

Locations

Deerwood Bank Locations
Plaza Park Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	21236 Archibald Rd	Deerwood, MN 56444

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