Woodland Bank is headquartered in Deer River and is the 157th largest bank in the state of Minnesota. It is also the 3,826th largest bank in the nation. It was established in 1920 and as of December of 2020, it had grown to 28 employees at 5 locations. Woodland Bank has an A health rating.
Overall | |
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FDIC Certificate # | 8863 |
Year Established | 1920 |
Employees | 28 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.83% |
Return on Equity - YTD | 7.91% |
Annual Interest Income | $5.5MM |
Assets and Liabilities | ||
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Assets | Q4 2020vs Q4 2019 | $120.7MM$106.1MM |
Loans | Q4 2020vs Q4 2019 | $85.7MM$82.3MM |
Deposits | Q4 2020vs Q4 2019 | $99.6MM$86.7MM |
Equity Capital | Q4 2020vs Q4 2019 | $12.4MM$11.9MM |
Loan Loss Allowance | Q4 2020vs Q4 2019 | $872.00K$710.00K |
Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $778.00K$630.00K |
Real Estate Owned | Q4 2020vs Q4 2019 | $0$43.00K |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.20%* | $100k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $2.5k - $15k | 0.10% → $15k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.55%* | - | $25k | Kasasa Cash | ||
OTHER TIERS: 0.25% → $25k+ | |||||
0.40%* | $90k* | - | Investor's Choice | ||
OTHER TIERS: 0.05% → Up to $30k | 0.15% → $30k - $90k | |||||
0.02% | $1 | - | Prestige Club Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.05% | $1k | - | 5 Year IRA | |
0.65% | $1k | - | 3 Year IRA |
Woodland Bank Locations | ||
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Woodland Bank | 217 Main Avenue East | Deer River, MN 56636 |
Cohasset Office | 55 East Highway 2 | Cohasset, MN 55721 |
Hill City Office | 675 Highway 169 South | Hill City, MN 55748 |
Grand Rapids Branch | 2610 South Highway 169 | Grand Rapids, MN 55744 |