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.
Overall | |
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FDIC Certificate # | 5123 |
Year Established | 1910 |
Employees | 166 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.21% |
Return on Equity - YTD | 12.39% |
Annual Interest Income | $32.5MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $934.7MM$719.0MM |
Loans | Q4 2020vs Q4 2019 | $642.4MM$554.5MM |
Deposits | Q4 2020vs Q4 2019 | $839.6MM$636.6MM |
Equity Capital | Q4 2020vs Q4 2019 | $87.2MM$76.8MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $5.3MM$2.9MM |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $4.6MM$1.5MM |
Real Estate Owned | Q4 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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
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 |