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 17^th largest bank in the state of Minnesota. It is also the 946^th largest bank in the nation. It was established in 1910 and as of March of 2023, it had grown to 169 employees at 12 locations. Deerwood Bank's CD rates are 5X the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	169
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.98%
Return on Equity - YTD	10.93%
Annual Interest Income	$10.5MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$1.05B$1.05B
Loans	Q1 2023vs Q1 2022	$692.8MM$624.7MM
Deposits	Q1 2023vs Q1 2022	$898.1MM$961.7MM
Equity Capital	Q1 2023vs Q1 2022	$93.5MM$89.3MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$5.3MM$5.8MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$979.00K$1.7MM
Real Estate Owned	Q1 2023vs Q1 2022	$112.00K$38.00K

Rates

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Savings
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
1.51%^*	$200k^*	-	My Savings Plus
OTHER TIERS: 0.50% → Up to $20k \| 0.70% → $20k - $200k
1.51%^*	$200k^*	-	Business Savings Plus
OTHER TIERS: 0.50% → Up to $20k \| 0.70% → $20k - $200k
0.70%^*	$20k^*	-	Health Savings Account
OTHER TIERS: 0.05% → Up to $1k \| 0.10% → $1k - $2.5k \| 0.20% → $2.5k - $5k \| 0.30% → $5k - $10k \| 0.50% → $10k - $20k
0.30%^*	$1k^*	-	My Savings
OTHER TIERS: 0.20% → Up to $1k
0.30%^*	$1k^*	-	Buckaroo Club
OTHER TIERS: 0.20% → Up to $1k
0.30%^*	$1k^*	-	Business Savings
OTHER TIERS: 0.20% → Up to $1k

Deerwood Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%	-	-	YES Club Checking
0.10%^*	$5k^*	-	My Money+
OTHER TIERS: 0.05% → Up to $5k
0.10%^*	$5k^*	-	Business Checking +
OTHER TIERS: 0.05% → Up to $5k

Deerwood Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.06%	$1k	-	12 Month CD
3.03%	$2.5k	-	6 Month CD
2.98%	$500	-	24 Month CD
2.78%	$500	-	48 Month CD
2.52%	$500	-	36 Month CD

Deerwood Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
4.07%	$500	-	12 Month Fixed IRA
2.99%	$500	-	24 Month Fixed IRA
2.78%	$500	-	12 Month Variable IRA
2.53%	$500	-	36 Month Fixed 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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