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Deerwood Bank
Waite Park, MN · FDIC Certificate #5123 · Chartered 03/2
Total assets
$1.52B
Total deposits
$1.38B
Total equity
$135.18M
Net loans
$946.72M
Branches (offices)
14
Net income (YTD)
$13.43M
Rank: #736 of 4,213 U.S. banks by assets · #9 of 221 in Minnesota. Assets changed 22.6% and deposits 24.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.79% |
| Return on equity | 20.33% |
| Net interest margin (YTD) | 4.14% |
| Equity to assets | 8.91% |
| Tier 1 leverage ratio | 8.06% |
| Uninsured deposits (share of deposits) | 45.2% |
| Noncurrent loans (share of loans) | 0.29% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 68.7% |
| Real estate loans (share of loans) | 77.4% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $733.01M | 77.4% | |
| Commercial & industrial | $198.25M | 20.9% | |
| Consumer / individual | $7.72M | 0.8% | |
| Construction & development | $65.62M | 6.9% | |
| Agricultural | $3.23M | 0.3% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $1.02B | $925.88M | $3.64M | $88.90M |
| Jun 2023 | $1.07B | $884.50M | $5.86M | $94.28M |
| Jun 2024 | $979.22M | $865.85M | $6.58M | $108.87M |
| Jun 2025 | $1.24B | $1.11B | $10.06M | $121.85M |
| Jun 2026 | $1.52B | $1.38B | $13.43M | $135.18M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $1.38B | 14 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $1.38B.
Similar-sized banks
1St Summit Bank ($1.52B) · Providence Bank ($1.51B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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