Deerwood Bank
Waite Park, MN · Owner: Deerwood Bancshares Inc
$1.5B
total assets, June 30, 2026
$1.5B
total assets, June 30, 2026
Deerwood Bank is a state nonmember bank based in Waite Park, MN, owned by Deerwood Bancshares Inc. As of June 30, 2026 it held $1.5 billion in assets and $1.4 billion in deposits; assets were up 22.6% from a year before. It has 14 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$1.5B
+22.6% in a year · -2.6% in a quarter
Deposits
$1.4B
+24.0% in a year · -3.1% in a quarter
Loans
$955M
+3.2% in a year · +3.4% in a quarter
Profit so far
$13.4M
Jan 1 to Jun 30, 2026 · +33.4% in a year
Capital ratio
8.06%
-1.38 pts in a year
Return on assets
1.79%
+0.11 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 131 6th Ave S, Waite Park, MN, 56387
- County
- Stearns
- Holding company
- Deerwood Bancshares Inc
- Established
- Mar 21, 1910
- Employees
- 197
- Branches
- 14
- Website
- deerwoodbank.com
- Id
- b5123
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
14 offices as of June 30, 2026, holding $1.4 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 14 | $1.4B | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Bemidji Branch | Bemidji, MN | $378M |
| Deerwood Bank (main office) | Waite Park, MN | $181M |
| Deerwood Branch | Deerwood, MN | $142M |
| Baxter Branch | Baxter, MN | $137M |
| Saint Michael Branch | Saint Michael, MN | $126M |
| Mendota Heights Branch | Mendota Heights, MN | $107M |
| Grand Rapids Branch | Grand Rapids, MN | $62.9M |
| Sartell Branch | Sartell, MN | $60.9M |
| Blackduck Branch | Blackduck, MN | $50.2M |
| Saint Paul Branch | Saint Paul, MN | $44.5M |
Related pages
Questions and answers
How big is Deerwood Bank?
$1.5 billion in total assets and $1.4 billion in deposits as of June 30, 2026, with assets up 22.6% from a year before. Its loans were $954.9 million.
How many branches does Deerwood Bank have?
14 branches in Minnesota as of June 30, 2026.
Is Deerwood Bank profitable?
Yes: it earned $13.4 million from January 1 to June 30, 2026 (up 33.4% from the same months a year before). Its return on assets was 1.79% a year; about 1% is typical.
Who owns Deerwood Bank?
Deerwood Bank is owned by Deerwood Bancshares Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.