Deerwood Bank

Overview / Commentary

320-252-4200

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

Deerwood Bank is headquartered in Waite Park and is the 18^th largest bank in the state of Minnesota. It is also the 961^st 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 has an A health rating.

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Health

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	175
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.7%
Return on Equity - YTD	7.98%
Annual Interest Income	$15.9MM

Assets and Liabilities
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

Rates

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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
0.08%^*	$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

APY	MIN	MAX	ACCOUNT NAME
0.04%	-	-	YES Club Checking
0.02%^*	$5k^*	-	My Money+
OTHER TIERS: 0.01% → Up to $5k
0.02%^*	$5k^*	-	Business Checking +
OTHER TIERS: 0.01% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.51%	$500	-	36 Month CD
0.80%	$500	-	48 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

APY	MIN	MAX	ACCOUNT NAME
1.51%	$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

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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