Northwoods Bank Of Minnesota is a bank based in Park Rapids, Minnesota, established in 1919, with $141 million in total assets across 4 branches. By Trust Grade it ranks 107th of 224 banks we track in Minnesota. Its capital ratio of 9.3% trails most similarly sized banks (35th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.06% return on assets. No consumer complaints against Northwoods Bank Of Minnesota appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Northwoods Bank Of Minnesota compares to Minnesota peers
How we graded Northwoods Bank Of Minnesota
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.3% capital ratio)
- Strongly profitable (ROA 1.06%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Northwoods Bank Of Minnesota over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 311 Park Ave S, Park Rapids, MN 56470
- 112 Bunyan Trails Dr, Nevis, MN 56467
- 1015 Hillside Ave Sw, Pine City, MN 55063
- 1200 First St E, Park Rapids, MN 56470
Are deposits at Northwoods Bank Of Minnesota insured?
Yes. Northwoods Bank Of Minnesota is an FDIC-insured bank (FDIC certificate #1415). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Northwoods Bank Of Minnesota: frequently asked questions
Is Northwoods Bank Of Minnesota a good bank?
Northwoods Bank Of Minnesota earns a Bankzia Trust Grade of A (95/100, "Excellent"), based on a financial-strength score of 95/100 (it has no CFPB complaints on record). Strongly capitalized (9.3% capital ratio); Strongly profitable (ROA 1.06%).
Is Northwoods Bank Of Minnesota FDIC-insured?
Yes. Northwoods Bank Of Minnesota is a FDIC-insured bank (FDIC certificate #1415). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Northwoods Bank Of Minnesota?
Northwoods Bank Of Minnesota holds $141 million in total assets, ranking 107th of 224 banks we track in Minnesota. It operates 4 branches.
Does Northwoods Bank Of Minnesota have CFPB complaints?
No CFPB complaints against Northwoods Bank Of Minnesota appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
