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 141^st largest bank in the state of Minnesota. It is also the 3,744^th largest bank in the nation. It was established in 1919 and as of December of 2019, it had grown to 30 employees at 4 locations. Northwoods Bank of Minnesota has an A health rating.

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Health

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	1415
Year Established	1919
Employees	30
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.1%
Return on Equity - YTD	10.12%
Annual Interest Income	$4.9MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$119.2MM$120.5MM
Loans	Q4 2019vs Q4 2018	$67.5MM$64.1MM
Deposits	Q4 2019vs Q4 2018	$99.8MM$103.0MM
Equity Capital	Q4 2019vs Q4 2018	$13.7MM$12.0MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$753.00K$725.00K
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$594.00K$1.2MM
Real Estate Owned	Q4 2019vs Q4 2018	$493.00K$318.00K

Rates

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Money Market
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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
0.50%^*	$250k^*	-	Millennium Savings
OTHER TIERS: 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.25% → $50k - $100k \| 0.35% → $100k - $250k
0.15%^*	$100k^*	-	Prime Access
OTHER TIERS: 0.07% → $1k - $25k \| 0.10% → $25k - $50k \| 0.13% → $50k - $100k
0.15%^*	$100k^*	-	Business Prime Access
OTHER TIERS: 0.07% → $1k - $25k \| 0.10% → $25k - $50k \| 0.13% → $50k - $100k
0.10%^*	$50k^*	-	Health Savings
OTHER TIERS: 0.00% → Up to $1k \| 0.05% → $1k - $10k \| 0.07% → $10k - $50k
0.05%^*	$10k^*	-	Regular Savings
OTHER TIERS: 0.00% → Up to $10k

Northwoods Bank of Minnesota Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%^*	$50k^*	-	Money Market
OTHER TIERS: 0.00% → Up to $1k \| 0.05% → $1k - $10k \| 0.07% → $10k - $50k
0.10%^*	$50k^*	-	Business Money Market
OTHER TIERS: 0.00% → Up to $1k \| 0.05% → $1k - $10k \| 0.07% → $10k - $50k

Northwoods Bank of Minnesota Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.03%	-	-	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

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