Deerwood Bank is a bank based in Waite Park, Minnesota, established in 1910, with $1.6 billion in total assets across 14 branches. By Trust Grade it ranks 149th of 224 banks we track in Minnesota. Its capital ratio of 8.5% trails most similarly sized banks (14th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.77% return on assets. No consumer complaints against Deerwood Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Deerwood Bank compares to Minnesota peers
How we graded Deerwood Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.5% capital ratio)
- Strongly profitable (ROA 1.77%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Deerwood Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (14)
- 9451 Madison St, Garrison, MN 56450
- 16 Summit Ave W, Blackduck, MN 56630
- 1350 Paul Bunyan Dr Nw, Bemidji, MN 56601
- 2310 7th St W, Saint Paul, MN 55116
- 131 6th Ave S, Waite Park, MN 56387
- 1060 Dakota Dr, Mendota Heights, MN 55120
- 14986 Lynwood Dr, Baxter, MN 56425
- 2351 Connecticut Ave S, Sartell, MN 56377
- 611 Washington St Ne, Brainerd, MN 56401
- 2950 S Highway 169, Grand Rapids, MN 55744
- 516 Main St W, Ogema, MN 56569
- 21236 Archibald Rd, Deerwood, MN 56444
- 12725 43rd St Ne, Saint Michael, MN 55376
- 12080 Main St, Northome, MN 56661
Are deposits at Deerwood Bank insured?
Yes. Deerwood Bank is an FDIC-insured bank (FDIC certificate #5123). 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.
Deerwood Bank: frequently asked questions
Is Deerwood Bank a good bank?
Deerwood Bank earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.5% capital ratio); Strongly profitable (ROA 1.77%).
Is Deerwood Bank FDIC-insured?
Yes. Deerwood Bank is a FDIC-insured bank (FDIC certificate #5123). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Deerwood Bank?
Deerwood Bank holds $1.6 billion in total assets, ranking 149th of 224 banks we track in Minnesota. It operates 14 branches.
Does Deerwood Bank have CFPB complaints?
No CFPB complaints against Deerwood Bank 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.
