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 1,439th largest bank in the nation. It was established in 1910 and as of March of 2018, it had grown to 127 employees at 11 locations. Deerwood Bank's savings rates are 44% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #5123
Year Established1910
Employees127
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD7.17%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$495.2MM$471.7MM
LoansQ1 2018vs Q1 2017$389.7MM$357.4MM
DepositsQ1 2018vs Q1 2017$422.2MM$410.9MM
Equity CapitalQ1 2018vs Q1 2017$61.5MM$58.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.2MM$2.1MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$334.00K$853.00K
Real Estate OwnedQ1 2018vs Q1 2017$352.00K$482.00K
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
0.75%*$200k*-My Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.50% $20k - $200k
0.75%*$200k*-Business Savings Plus
OTHER TIERS: 0.10% Up to $20k | 0.50% $20k - $200k
0.50%*$20k*-Health Savings Account
OTHER TIERS: 0.05% Up to $1k | 0.10% $1k - $2,500 | 0.30% $2,500 - $5k | 0.35% $5k - $10k | 0.40% $10k - $20k
0.30%*$1k*-My Savings
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Buckaroo
OTHER TIERS: 0.10% Up to $1k
0.30%*$1k*-Business Savings
OTHER TIERS: 0.10% Up to $1k

Deerwood Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%--YES Club Checking
0.10%*$5k*-My Money Interest Checking
OTHER TIERS: 0.05% Up to $5k
0.10%*$5k*-Business Interest Checking
OTHER TIERS: 0.05% Up to $5k

Deerwood Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-36 Month CD
0.90%$500-24 Month CD
0.80%$1k-12 Month CD
0.50%$2.5k-6 Month CD

Deerwood Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-36 Month Fixed IRA
0.90%$500-24 Month Fixed IRA
0.80%$500-12 Month Fixed IRA
0.50%$500-12 Month Variable IRA
Locations


Deerwood Bank Locations
Plaza Park Branch2351 Connecticut Ave. S, Suite 100Sartell, MN 56377
Baxter Br131 6th Avenue S, Suite 100Waite Park, MN 56387

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