Deerwood Bank


Overview / Commentary
218-534-3111
131 6Th Ave South, # 100
Waite Park, MN 56387

Deerwood Bank is headquartered in Waite Park and is the 16th largest bank in the state of Minnesota. It is also the 1,090th largest bank in the nation. It was established in 1910 and as of June of 2019, it had grown to 167 employees at 13 locations. Deerwood Bank's savings rates are 35% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees167
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD12.04%
Annual Interest Income$16.4MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$693.5MM$699.9MM
LoansQ2 2019vs Q2 2018$546.7MM$537.1MM
DepositsQ2 2019vs Q2 2018$609.1MM$612.3MM
Equity CapitalQ2 2019vs Q2 2018$72.4MM$76.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$2.6MM$2.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.8MM$2.0MM
Real Estate OwnedQ2 2019vs Q2 2018$1.5MM$1.9MM
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
0.70%*$200k*-My Savings Plus
OTHER TIERS: 0.08% Up to $20k | 0.40% $20k - $200k
0.70%*$200k*-Business Savings Plus
OTHER TIERS: 0.08% Up to $20k | 0.40% $20k - $200k
0.40%*$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 | 0.35% $10k - $20k
0.20%*$1k*-My Savings
OTHER TIERS: 0.08% Up to $1k
0.20%*$1k*-Buckaroo Club
OTHER TIERS: 0.08% Up to $1k
0.20%*$1k*-Business Savings
OTHER TIERS: 0.08% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--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
1.86%$500-48 Month CD
1.51%$500-36 Month CD
1.00%$500-24 Month CD
0.70%$1k-12 Month CD
0.45%$2.5k-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%$500-36 Month Fixed IRA
1.00%$500-24 Month Fixed IRA
0.70%$500-12 Month Fixed IRA
0.45%$500-12 Month Variable IRA
Locations


Deerwood Bank Locations
Plaza Park Branch2351 Connecticut Ave. S, Suite 100Sartell, MN 56377
Baxter Br21236 Archibald RdDeerwood, MN 56444

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