Northwoods Bank of Minnesota is headquartered in Park Rapids and is the 145th largest bank in the state of Minnesota. It is also the 3,602nd largest bank in the nation. It was established in 1919 and as of March of 2022, it had grown to 28 employees at 4 locations. Northwoods Bank of Minnesota has an A health rating.
Overall | |
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FDIC Certificate # | 1415 |
Year Established | 1919 |
Employees | 28 |
Primary Regulator | OCC |
Profit Margin | |
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Return on Assets - YTD | 0.84% |
Return on Equity - YTD | 9.14% |
Annual Interest Income | $1.1MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $141.9MM$137.6MM |
Loans | Q1 2022vs Q1 2021 | $73.3MM$76.8MM |
Deposits | Q1 2022vs Q1 2021 | $126.0MM$116.4MM |
Equity Capital | Q1 2022vs Q1 2021 | $12.1MM$15.0MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $1.1MM$930.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $23.00K$535.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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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 | |
---|---|---|---|---|---|
0.07%* | $50k* | - | Money Market | ||
OTHER TIERS: 0.03% → $1k - $10k | 0.05% → $10k - $50k | |||||
0.07%* | $50k* | - | Business Money Market | ||
OTHER TIERS: 0.03% → $1k - $10k | 0.05% → $10k - $50k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | - | - | Total Checking |
Northwoods Bank of Minnesota Locations | ||
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Pine City Branch | 1015 Hillside Avenue Sw | Pine City, MN 55063 |
Bunyan Trails Branch | 112 Bunyan Trails | Nevis, MN 56467 |
Northwoods Bank Of Minnesota | 1200 East First Street | Park Rapids, MN 56470 |
Detached Facility | First Street | Park Rapids, MN 56470 |