Woodland Bank

Overview / Commentary

www.woodland.bank

218-246-2444

217 Main Avenue East
Deer River, MN 56636

Woodland Bank is headquartered in Deer River and is the 144^th largest bank in the state of Minnesota. It is also the 3,662^nd largest bank in the nation. It was established in 1920 and as of September of 2021, it had grown to 30 employees at 5 locations. Woodland Bank has an A health rating.

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Health

Data as of Q3 2021

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Health Grade Components

Overall
FDIC Certificate #	8863
Year Established	1920
Employees	30
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.9%
Return on Equity - YTD	9.41%
Annual Interest Income	$4.1MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$138.0MM$118.7MM
Loans	Q3 2021vs Q3 2020	$87.7MM$88.6MM
Deposits	Q3 2021vs Q3 2020	$116.9MM$97.6MM
Equity Capital	Q3 2021vs Q3 2020	$12.7MM$12.2MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$886.00K$899.00K
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$800.00K$909.00K
Real Estate Owned	Q3 2021vs Q3 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	$25k	Kasasa Saver
0.20%	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$15k^*	-	Money Market Account
OTHER TIERS: 0.05% → $2.5k - $15k

Woodland Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

Woodland Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.95%	$500	-	60 Month CD
0.85%	$500	-	48 Month CD
0.65%	$500	-	36 Month CD
0.40%	$500	-	24 Month CD
0.25%	$500	-	18 Month CD
0.20%	$500	-	12 Month CD
0.15%	$2.5k	-	180 Day CD
0.10%	$2.5k	-	90 Day CD
0.09%	$2.5k	-	30 Day CD

Woodland Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.95%	$1k	-	5 Year IRA
0.65%	$1k	-	3 Year IRA

Locations

Woodland Bank Locations
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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.