Deerwood Bank

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LOCATIONS

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.12%	1-year CD	12 Month CD 1.05% - Ally Bank High Yield 12-Month CD
0.02%	Savings	Buckaroo 1.00% - Ally Bank Online Savings Account
0.50%	3-year CD	36 Month CD 1.55% - Ally Bank High Yield 3 Year CD

View all Deerwood Bank rates »

Overview / Commentary

www.deerwoodbank.com

218-534-3111

21236 Archibald Road
Deerwood, MN 56444

Deerwood Bank is headquartered in Deerwood and is the 26^th largest bank in the state of Minnesota. It is also the 1,478^th largest bank in the nation. It was established in 1910 and as of June of 2016, it had grown to 141 employees at 12 locations. Deerwood Bank has a B+ health rating.

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Health

B+

Data as of Q2 2016

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	141
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.48%
Return on Equity - YTD	13.17%
Annual Interest Income	$9.9MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$469.2MM$568.8MM
Loans	Q2 2016vs Q2 2015	$362.4MM$365.7MM
Deposits	Q2 2016vs Q2 2015	$404.6MM$504.0MM
Equity Capital	Q2 2016vs Q2 2015	$57.1MM$55.3MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$1.3MM$1.8MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$4.4MM$4.5MM
Real Estate Owned	Q2 2016vs Q2 2015	$878.00K$2.1MM

Rates

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Savings
Money Market
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
0.15%^*	$20k^*	-	Health Savings Account
OTHER TIERS: 0.01% → Up to $1k \| 0.02% → $1k - $5k \| 0.03% → $5k - $10k \| 0.04% → $10k - $20k
0.15%^*	$20k^*	-	My saving Plus
OTHER TIERS: 0.02% → Up to $20k
0.15%^*	$1k^*	-	Business Savings Plus
OTHER TIERS: 0.02% → Up to $1k
0.02%^*	$1k^*	-	My saving
OTHER TIERS: 0.01% → Up to $1k
0.02%^*	$1k^*	-	Buckaroo
OTHER TIERS: 0.01% → Up to $1k
0.02%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.01% → Up to $1k

Deerwood Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$50	-	My Money Market IRA Savings

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	Yes Club Checking
0.02%^*	$5k^*	-	My Money Interest Checking
OTHER TIERS: 0.01% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	36 Month CD
0.30%	$500	-	24 Month CD
0.12%	$1k	-	12 Month CD
0.07%	$2,500	-	6 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	$500	-	36 Month Fixed IRA
0.30%	$500	-	24 Month Fixed IRA
0.12%	$500	-	12 Month Fixed IRA
0.12%	$500	-	12 Month Variable IRA

Locations

Deerwood Bank has 13 locations. Click to view all Deerwood Bank locations.