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Woodland Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.05%Reward CheckingKasasa Cash
1.84% - National Average
1.00%Reward SavingsKasasa Saver
0.80% - National Average
1.26%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
View all Woodland Bank rates »

Overview / Commentary
www.woodlandbank.com
218-246-2444
217 Main Avenue East
Deer River, MN 56636

Woodland Bank is headquartered in Deer River and is the 183rd largest bank in the state of Minnesota. It is also the 4,589th largest bank in the nation. It was established in 1920 and as of March of 2017, it had grown to 30 employees at 5 locations. Woodland Bank has an A health rating.

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Health
A

Data as of Q1 2017

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Woodland Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #8863
Year Established1920
Employees30
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD4.84%
Annual Interest Income$990.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$87.1MM$79.7MM
LoansQ1 2017vs Q1 2016$64.6MM$57.8MM
DepositsQ1 2017vs Q1 2016$71.7MM$64.6MM
Equity CapitalQ1 2017vs Q1 2016$10.5MM$10.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$612.00K$647.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$833.00K$1.4MM
Real Estate OwnedQ1 2017vs Q1 2016$591.00K$861.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Woodland Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*-$25kKasasa Saver
OTHER TIERS: 0.51% → $25k+
0.50%*$5k*-Health Savings Account
OTHER TIERS: 0.20% → Up to $2k | 0.30% → $2k - $5k
0.25%--IRA
0.25%--Roth IRA
0.25%--Educational IRA
0.10%--Christmas Club Account
0.10%--Passbook Savings
0.10%--School Club Account
0.10%--Vacation Club Account
0.10%--Home Improvement Club Account

Woodland Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$100k*-Money Market Account
OTHER TIERS: 0.05% → $2,500 - $15k | 0.10% → $15k - $100k

Woodland Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.05%*-$25kKasasa Cash
OTHER TIERS: 0.50% → $25k+
0.45%*$90k*-Investor's Choice
OTHER TIERS: 0.05% → Up to $30k | 0.10% → $30k - $90k
0.05%--Prestige Club Account

Woodland Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-60 Month CD
0.95%$500-48 Month CD
0.75%$500-36 Month CD
0.45%$500-24 Month CD
0.30%$500-18 Month CD
0.20%$500-12 Month CD
0.10%$2,500-180 Day CD
0.05%$2,500-30 Day CD
0.05%$2,500-90 Day CD

Woodland Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$1k-5 Year IRA
0.75%$1k-3 Year IRA
Locations


Woodland Bank Locations
Woodland Bank217 Main Avenue EastDeer River, MN 56636
Cohasset Office55 East Highway 2Cohasset, MN 55721
Hill City Office675 Highway 169 SouthHill City, MN 55748
Grand Rapids Branch2610 South Highway 169Grand Rapids, MN 55744