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

Deerwood Bank is headquartered in Waite Park and is the 16th largest bank in the state of Minnesota. It is also the 1,080th largest bank in the nation. It was established in 1910 and as of September of 2018, it had grown to 168 employees at 13 locations. Deerwood Bank's savings rates are 54% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees168
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.34%
Return on Equity - YTD11.82%
Annual Interest Income$21.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$687.9MM$500.7MM
LoansQ3 2018vs Q3 2017$538.2MM$382.6MM
DepositsQ3 2018vs Q3 2017$613.3MM$429.7MM
Equity CapitalQ3 2018vs Q3 2017$73.3MM$60.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.1MM$2.1MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$2.9MM$530.00K
Real Estate OwnedQ3 2018vs Q3 2017$1.6MM$791.00K
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
0.80%*$200k*-My Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.55% $20k - $200k
0.80%*$200k*-Business Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.55% $20k - $200k
0.55%*$20k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $2.5k | 0.30% $2.5k - $5k | 0.35% $5k - $10k | 0.40% $10k - $20k
0.30%*$1k*-My Savings
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Buckaroo
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Business Savings
OTHER TIERS: 0.10% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--YES Club Checking
0.10%*$5k*-My Money Interest Checking
OTHER TIERS: 0.05% Up to $5k
0.10%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.07%$500-48 Month CD
1.76%$500-36 Month CD
1.26%$500-24 Month CD
0.80%$1k-12 Month CD
0.50%$2.5k-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%$500-36 Month Fixed IRA
1.26%$500-24 Month Fixed IRA
0.80%$500-12 Month Fixed IRA
0.50%$500-12 Month Variable IRA
Locations


Deerwood Bank Locations
Plaza Park Branch2351 Connecticut Ave. S, Suite 100Sartell, MN 56377
Baxter Br131 6th Avenue S, Suite 100Waite Park, MN 56387

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