Northwoods Bank of Minnesota

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
0.05%	Savings	Regular Savings 1.55% - Synchrony Bank High Yield Savings
0.10%	Money Market	Money Market 1.00% - Ally Bank Money Market Account
0.05%	Checking	Interest Checking 0.90% - nbkc bank Personal Account

View all Northwoods Bank of Minnesota rates »

Overview / Commentary

northwoodsbank.com

218-732-7221

1200 East First Street
Park Rapids, MN 56470

Northwoods Bank of Minnesota is headquartered in Park Rapids and is the 149^th largest bank in the state of Minnesota. It is also the 4,020^th 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+

Data as of Q4 2017

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Health Grade Components

Overall
FDIC Certificate #	1415
Year Established	1919
Employees	33
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	1.14%
Return on Equity - YTD	10.66%
Annual Interest Income	$4.3MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$114.8MM$109.9MM
Loans	Q4 2017vs Q4 2016	$65.6MM$63.8MM
Deposits	Q4 2017vs Q4 2016	$95.3MM$90.9MM
Equity Capital	Q4 2017vs Q4 2016	$11.9MM$11.5MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$716.00K$717.00K
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$903.00K$538.00K
Real Estate Owned	Q4 2017vs Q4 2016	$480.00K$122.00K

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
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$25k^*	-	Money Market
OTHER TIERS: 0.05% → Up to $25k

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
Rush City Branch	260 West 4th Street	Rush City, MN 55069
Detached Facility	First Street	Park Rapids, MN 56470

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