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 141st largest bank in the state of Minnesota. It is also the 3,744th 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

Health Grade Components

Overall
FDIC Certificate #1415
Year Established1919
Employees30
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.1%
Return on Equity - YTD10.12%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$119.2MM$120.5MM
LoansQ4 2019vs Q4 2018$67.5MM$64.1MM
DepositsQ4 2019vs Q4 2018$99.8MM$103.0MM
Equity CapitalQ4 2019vs Q4 2018$13.7MM$12.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$753.00K$725.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$594.00K$1.2MM
Real Estate OwnedQ4 2019vs Q4 2018$493.00K$318.00K
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
0.50%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Total 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
Detached FacilityFirst StreetPark Rapids, MN 56470

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