Northwoods Bank of Minnesota

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 142^nd largest bank in the state of Minnesota. It is also the 3,793^rd largest bank in the nation. It was established in 1919 and as of June of 2019, it had grown to 29 employees at 5 locations. Northwoods Bank of Minnesota's savings rates are 92% higher than the national average, and it has an A health rating.

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Health

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #	1415
Year Established	1919
Employees	29
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.07%
Return on Equity - YTD	10.04%
Annual Interest Income	$2.4MM

Assets and Liabilities
Assets	Q2 2019vs Q2 2018	$118.5MM$113.3MM
Loans	Q2 2019vs Q2 2018	$66.2MM$65.4MM
Deposits	Q2 2019vs Q2 2018	$96.6MM$96.3MM
Equity Capital	Q2 2019vs Q2 2018	$13.4MM$11.3MM
Loan Loss Allowance	Q2 2019vs Q2 2018	$769.00K$779.00K
Unbacked Noncurrent Loans	Q2 2019vs Q2 2018	$615.00K$1.7MM
Real Estate Owned	Q2 2019vs Q2 2018	$703.00K$320.00K

Rates

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Savings
Money Market
Checking

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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

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$250k^*	-	Millennium Savings
OTHER TIERS: 0.25% → $10k - $25k \| 0.40% → $25k - $50k \| 0.60% → $50k - $100k \| 0.80% → $100k - $250k
0.30%^*	$100k^*	-	Prime Access
OTHER TIERS: 0.15% → $1k - $25k \| 0.20% → $25k - $50k \| 0.25% → $50k - $100k
0.30%^*	$100k^*	-	Business Prime Access
OTHER TIERS: 0.15% → $1k - $25k \| 0.20% → $25k - $50k \| 0.25% → $50k - $100k
0.20%^*	$50k^*	-	Health Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.10%^*	$10k^*	-	Regular Savings
OTHER TIERS: 0.05% → Up to $10k

Northwoods Bank of Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.20%^*	$50k^*	-	Money Market
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k
0.20%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.05% → Up to $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k

Northwoods Bank of Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	-	-	Total Checking
0.05%	-	-	Interest Checking

Locations

Northwoods Bank of Minnesota Locations
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

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