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

Deerwood Bank is headquartered in Deerwood and is the 26th largest bank in the state of Minnesota. It is also the 1,418th largest bank in the nation. It was established in 1910 and as of December of 2017, it had grown to 126 employees at 11 locations. Deerwood Bank has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees126
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.55%
Return on Equity - YTD12.8%
Annual Interest Income$20.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$504.5MM$477.7MM
LoansQ4 2017vs Q4 2016$385.8MM$359.0MM
DepositsQ4 2017vs Q4 2016$432.9MM$417.5MM
Equity CapitalQ4 2017vs Q4 2016$60.6MM$56.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$2.2MM$1.9MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$430.00K$2.8MM
Real Estate OwnedQ4 2017vs Q4 2016$784.00K$485.00K
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
0.30%*$20k*-Health Savings Account
OTHER TIERS: 0.03% Up to $1k | 0.05% $1k - $2,500 | 0.10% $2,500 - $5k | 0.12% $5k - $10k | 0.15% $10k - $20k
0.30%*$20k*-My Savings Plus
OTHER TIERS: 0.08% Up to $20k
0.30%*$20k*-Business Savings Plus
OTHER TIERS: 0.08% Up to $20k
0.10%*$1k*-My Savings
OTHER TIERS: 0.05% Up to $1k
0.10%*$1k*-Buckaroo
OTHER TIERS: 0.05% Up to $1k
0.10%*$1k*-Business Savings
OTHER TIERS: 0.05% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Yes Club Checking
0.08%*$5k*-My Money Interest Checking
OTHER TIERS: 0.05% Up to $5k
0.08%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-36 Month CD
0.55%$500-24 Month CD
0.45%$1k-12 Month CD
0.30%$2,500-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-36 Month Fixed IRA
0.55%$500-24 Month Fixed IRA
0.45%$500-12 Month Fixed IRA
0.30%$500-12 Month Variable IRA
Locations

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