Deerwood Bank is headquartered in WAITE PARK and is the 17th largest bank in the state of Minnesota. It is also the 946th 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.
Overall | |
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FDIC Certificate # | 5123 |
Year Established | 1910 |
Employees | 169 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.98% |
Return on Equity - YTD | 10.93% |
Annual Interest Income | $10.5MM |
Assets and Liabilities | ||
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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 |
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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 | |
---|---|---|---|---|---|
0.30% | - | - | 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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
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 |
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 |