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 145^th largest bank in the state of Minnesota. It is also the 3,602^nd 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.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	1415
Year Established	1919
Employees	28
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.84%
Return on Equity - YTD	9.14%
Annual Interest Income	$1.1MM

Assets and Liabilities
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

Rates

Skip to rates for:

Savings
Money Market
Checking

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Northwoods Bank of Minnesota; we are a rate comparison website and cannot provide official rates or promotions.

* 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
0.35%^*	$250k^*	-	Millennium Savings
OTHER TIERS: 0.05% → $10k - $25k \| 0.10% → $25k - $50k \| 0.12% → $50k - $100k \| 0.20% → $100k - $250k
0.10%^*	$100k^*	-	Prime Access
OTHER TIERS: 0.05% → $1k - $50k \| 0.07% → $50k - $100k
0.10%^*	$100k^*	-	Business Prime Access
OTHER TIERS: 0.05% → $1k - $50k \| 0.07% → $50k - $100k
0.07%^*	$50k^*	-	Health Savings
OTHER TIERS: 0.05% → $1k - $50k
0.05%	$10k	-	Regular Savings

Northwoods Bank of Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
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

Northwoods Bank of Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.01%	-	-	Total 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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.