Northwoods Bank of Minnesota
Park Rapids, MN
IDRSSD: 284752
Total Assets
$143.04M
Latest filing
Total Deposits
$126.26M
Latest filing
Net Interest Margin
3.89%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Northwoods Bank of Minnesota
1200 First St E
Park Rapids, MN 56470
Full Service - Brick and Mortar
Updated 01/30/2026Established 09/19/1919FDIC Certificate 935
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Northwoods Bank of Minnesota (Main) | 1200 First St E | Park Rapids, MN |
| DETACHED FACILITY BRANCH | 311 Park Ave S | Park Rapids, MN |
| BUNYAN TRAILS BRANCH | 112 Bunyan Trails Dr | Nevis, MN |
| PINE CITY BRANCH | 1015 Hillside Ave Sw | Pine City, MN |
Showing 3 of 3
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 | Federal savings banks, federal charter, supervised by the OCC or (pre-2011) OTS |
| Primary Regulator | OCC |
| Established Date | 09/19/1919 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56470 |
| State and County Number | 27057 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 33 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 32 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 08/09/1989 |
| Primary Insurance Agency | DIF |
| Website | www.northwoodsbank.com |
| Data Updated | 01/30/2026 |
| CERT | 1415 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $143.04M |
| Total Deposits | $126.26M |
| Total Liabilities | $130.04M |
| Total Equity Capital | $13.00M |
| Net Income | $485.00k |
| Net Loans and Leases | $76.59M |
| Assets Per Employee ($Millions) | $4.21M |
| Bank Premises and Fixed Assets | $1.95M |
| Cash and Balances due from Depository Institutions | $2.98M |
| Deposits Held in Domestic Offices | $126.26M |
Key Performance Ratios
| Return on Assets (ROA) | 1.36% |
| Return on Equity (ROE) | 15.07% |
| Net Interest Margin | 3.89% |
| Efficiency Ratio | 73.95% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.28% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.089% |
| Earning Assets to total Assets | 95.17% |
Income and Expense
| Total Interest Income | $1.74M |
| Total Noninterest Income | $151.00k |
| Total Interest Expense | $417.00k |
| Total Noninterest Expense | $1.09M |
| Net Interest Income | $1.33M |
| Pre-tax Net Operating Income | $484.00k |
| Provision for Credit Losses | $-99,000 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $2.73M |
| Federal Funds Sold & Reverse Repurchase Agreement | $6.30M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.04M |
| Total Liabilities and Capital | $143.04M |
Securities
| Securities | $53.03M |
| Available-for-sale debt securities | $52.15M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $886.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Northwoods Bank of Minnesota?
$143.04M as of the latest filing.
How much are Northwoods Bank of Minnesota's total deposits?
$126.26M in total deposits.
Where is Northwoods Bank of Minnesota located?
Park Rapids, MN.
What is the Net Interest Margin?
3.89%.
How many domestic offices does it operate?
4.
When was it established?
09/19/1919.
What is the Return on Assets (ROA)?
1.36%.
How much are total loans and leases?
$76.59M (latest filing).
What is the total interest income (latest filing)?
$1.74M.