Woodland Bank

Overview / Commentary
217 Main Avenue East
Deer River, MN 56636

Woodland Bank is headquartered in DEER RIVER and is the 137th largest bank in the state of Minnesota. It is also the 3,426th largest bank in the nation. It was established in 1920 and as of September of 2023, it had grown to 34 employees at 4 locations. Woodland Bank's CD rates are 5X the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #8863
Year Established1920
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.57%
Return on Equity - YTD7.05%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$148.5MM$138.3MM
LoansQ3 2023vs Q3 2022$107.1MM$94.3MM
DepositsQ3 2023vs Q3 2022$128.6MM$120.7MM
Equity CapitalQ3 2023vs Q3 2022$11.7MM$11.6MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.2MM$833K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$389K$547K
Real Estate OwnedQ3 2023vs Q3 2022$69K$0
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Always verify rates and promotions with the bank or credit union. We are not Woodland Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Woodland Bank Savings Account Rates

1.00%-$25kKasasa Saver
0.85%$10-IRA Variable
0.20%*$5k*-Health Savings Account
OTHER TIERS: 0.05% Up to $2k | 0.10% $2k - $5k
0.05%$1-Christmas Club Account
0.05%$1-Passbook Savings
0.05%$1-School Club Account
0.05%$1-Vacation Club Account
0.05%$1-Home Improvement Club Account

Woodland Bank Money Market Rates

0.10%*$15k*-Money Market Account
OTHER TIERS: 0.05% $2.5k - $15k

Woodland Bank Checking Account Rates

3.00%*-$25kKasasa Cash
OTHER TIERS: 0.99% $25k+
2.01%*$90k*-Investor's Choice
OTHER TIERS: 0.05% Up to $30k | 0.75% $30k - $90k
0.02%$1-Prestige Club Account

Woodland Bank CD Rates

4.25%$500-12 Month CD
2.50%$500-60 Month CD
2.25%$500-48 Month CD
2.00%$500-24 Month CD
2.00%$500-36 Month CD
1.50%$500-18 Month CD
0.75%$2.5k-180 Day CD
0.50%$2.5k-90 Day CD
0.09%$2.5k-30 Day CD

Woodland Bank IRA Rates

2.50%$1k-5 Year IRA
2.00%$1k-3 Year IRA

Woodland Bank Locations
Woodland Bank217 Main Ave EDeer 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

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