Woodland Bank is headquartered in Deer River and is the 144th largest bank in the state of Minnesota. It is also the 3,598th largest bank in the nation. It was established in 1920 and as of March of 2022, it had grown to 29 employees at 5 locations. Woodland Bank has an A health rating.
Overall | |
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FDIC Certificate # | 8863 |
Year Established | 1920 |
Employees | 29 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.44% |
Return on Equity - YTD | 5% |
Annual Interest Income | $1.2MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $142.4MM$132.0MM |
Loans | Q1 2022vs Q1 2021 | $89.0MM$83.5MM |
Deposits | Q1 2022vs Q1 2021 | $122.2MM$110.9MM |
Equity Capital | Q1 2022vs Q1 2021 | $11.8MM$12.2MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $818.00K$888.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $446.00K$971.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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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 | |
---|---|---|---|---|---|
0.10%* | $15k* | - | Money Market Account | ||
OTHER TIERS: 0.05% → $2.5k - $15k |
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 |
---|---|---|---|---|
0.95% | $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 |