Featured Savings Rates
Featured Accounts

Northwoods Bank of Minnesota

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.05%SavingsRegular Savings
0.10%Money MarketMoney Market
0.05%CheckingInterest Checking

Overview / Commentary
218-732-7221
1200 East First Street
Park Rapids, MN 56470

Northwoods Bank of Minnesota is headquartered in Park Rapids and is the 149th largest bank in the state of Minnesota. It is also the 4,020th largest bank in the nation. It was established in 1919 and as of December of 2017, it had grown to 33 employees at 5 locations. Northwoods Bank of Minnesota's savings rates are 15% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #1415
Year Established1919
Employees33
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD10.66%
Annual Interest Income$4.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$114.8MM$109.9MM
LoansQ4 2017vs Q4 2016$65.6MM$63.8MM
DepositsQ4 2017vs Q4 2016$95.3MM$90.9MM
Equity CapitalQ4 2017vs Q4 2016$11.9MM$11.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$716.00K$717.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$903.00K$538.00K
Real Estate OwnedQ4 2017vs Q4 2016$480.00K$122.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northwoods Bank of Minnesota Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-Millennium Savings
OTHER TIERS: 0.20% $10k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.20%*$100k*-Prime Access
OTHER TIERS: 0.10% $1k - $25k | 0.12% $25k - $50k | 0.15% $50k - $100k
0.10%*$25k*-Health Savings
OTHER TIERS: 0.05% Up to $25k
0.05%--Regular Savings

Northwoods Bank of Minnesota Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Money Market
OTHER TIERS: 0.05% Up to $25k

Northwoods Bank of Minnesota Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Total Checking
0.05%--Interest Checking
Locations


Northwoods Bank of Minnesota Locations
Pine City Branch1015 Hillside Avenue SwPine City, MN 55063
Bunyan Trails Branch112 Bunyan TrailsNevis, MN 56467
Northwoods Bank Of Minnesota1200 East First StreetPark Rapids, MN 56470
Rush City Branch260 West 4th StreetRush City, MN 55069
Detached FacilityFirst StreetPark Rapids, MN 56470

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