Deerwood Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.80%	1-year CD	12 Month CD 2.45% - Goldman Sachs Bank USA High-yield 12 Month CD
0.30%	Savings	Buckaroo 1.75% - American Express National Bank High Yield Savings Account
1.00%	3-year CD	36 Month CD 2.55% - Goldman Sachs Bank USA 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 1,439^th 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+

Data as of Q1 2018

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Health Grade Components

Overall
FDIC Certificate #	5123
Year Established	1910
Employees	127
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.88%
Return on Equity - YTD	7.17%
Annual Interest Income	$5.5MM

Assets and Liabilities
Assets	Q1 2018vs Q1 2017	$495.2MM$471.7MM
Loans	Q1 2018vs Q1 2017	$389.7MM$357.4MM
Deposits	Q1 2018vs Q1 2017	$422.2MM$410.9MM
Equity Capital	Q1 2018vs Q1 2017	$61.5MM$58.2MM
Loan Loss Allowance	Q1 2018vs Q1 2017	$2.2MM$2.1MM
Unbacked Noncurrent Loans	Q1 2018vs Q1 2017	$334.00K$853.00K
Real Estate Owned	Q1 2018vs Q1 2017	$352.00K$482.00K

Rates

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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
0.75%^*	$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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Branch	2351 Connecticut Ave. S, Suite 100	Sartell, MN 56377
Baxter Br	131 6th Avenue S, Suite 100	Waite Park, MN 56387

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