Deerwood Bank
Waite Park, MN
IDRSSD: 314257
Total Assets
$1.37B
Latest filing
Total Deposits
$1.24B
Latest filing
Net Interest Margin
4.52%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Deerwood Bank
131 6th Ave S
Waite Park, MN 56387
Full Service - Brick and Mortar
Updated 11/14/2025Established 03/21/1910FDIC Certificate 3427
Branches (13)
Page 1 of 2| Name | Address | City / State |
|---|---|---|
| Deerwood Bank (Main) | 131 6th Ave S | Waite Park, MN |
| GARRISON BRANCH | 9451 Madison St | Garrison, MN |
| BLACKDUCK BRANCH | 16 Summit Ave W | Blackduck, MN |
| BEMIDJI BRANCH | 1350 Paul Bunyan Dr Nw | Bemidji, MN |
| SAINT PAUL BRANCH | 2310 7th St W | Saint Paul, MN |
| MENDOTA HEIGHTS BRANCH | 1060 Dakota Dr | Mendota Heights, MN |
| BAXTER BRANCH | 14986 Lynwood Dr | Baxter, MN |
| SARTELL BRANCH | 2351 Connecticut Ave S | Sartell, MN |
Showing 7 of 13
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 03/21/1910 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56387 |
| State and County Number | 27145 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | St. Cloud, MN |
Operational Info
| Number of Employees | 190 |
| Domestic Offices | 14 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 09/20/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | deerwoodbank.com |
| Data Updated | 11/14/2025 |
| CERT | 5123 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $1.37B |
| Total Deposits | $1.24B |
| Total Liabilities | $1.24B |
| Total Equity Capital | $125.96M |
| Net Income | $6.46M |
| Net Loans and Leases | $909.21M |
| Assets Per Employee ($Millions) | $7.02M |
| Bank Premises and Fixed Assets | $18.00M |
| Cash and Balances due from Depository Institutions | $264.58M |
| Deposits Held in Domestic Offices | $1.24B |
Key Performance Ratios
| Return on Assets (ROA) | 1.98% |
| Return on Equity (ROE) | 20.84% |
| Net Interest Margin | 4.52% |
| Efficiency Ratio | 52.72% |
| Tier 1 Risk-Based Capital Ratio | 10.987% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.2% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.198% |
| Earning Assets to total Assets | 93.78% |
Income and Expense
| Total Interest Income | $18.45M |
| Total Noninterest Income | $1.47M |
| Total Interest Expense | $4.72M |
| Total Noninterest Expense | $8.10M |
| Net Interest Income | $13.73M |
| Pre-tax Net Operating Income | $6.46M |
| Provision for Credit Losses | $645.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $3.48M |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $2.54M |
| Total Liabilities and Capital | $1.37B |
Securities
| Securities | $137.87M |
| Available-for-sale debt securities | $137.87M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Deerwood Bank?
$1.37B as of the latest filing.
How much are Deerwood Bank's total deposits?
$1.24B in total deposits.
Where is Deerwood Bank located?
Waite Park, MN.
What is the Net Interest Margin?
4.52%.
How many domestic offices does it operate?
14.
When was it established?
03/21/1910.
What is the Return on Assets (ROA)?
1.98%.
How much are total loans and leases?
$909.21M (latest filing).
What is the total interest income (latest filing)?
$18.45M.