Total Assets
$1.5B
Total Deposits
$1.4B
Branches
14
Established
1910
Deerwood Bank is a bank headquartered in Waite Park, Minnesota, established in 1910. It holds $1.5B in total assets across 14 branch locations. In our editorial opinion, based on public FDIC/NCUA data, Deerwood Bank earns a TFS Financial Health Grade of B- (76.3/100) — our editorial assessment, not an official rating or financial advice.
TFS Health Grade
76.3 / 100
Good financial health
How we gradeTFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.
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Financial data through June 30, 2026. Updated by TFS August 28, 2026. Data sourced from FDIC BankFind Suite as of 2026-Q2. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
| Branch | Address | City | State | Type |
|---|---|---|---|---|
| Deerwood BankHQ | 131 6th Ave S | Waite Park | MN | 11 |
| Deerwood Bank | 14986 Lynwood Dr | Baxter | MN | 11 |
| Deerwood Bank | 1350 Paul Bunyan Dr Nw | Bemidji | MN | 11 |
| Deerwood Bank | 16 Summit Ave W | Blackduck | MN | 11 |
| Deerwood Bank | 611 Washington St Ne | Brainerd | MN | 11 |
| Deerwood Bank | 21236 Archibald Rd | Deerwood | MN | 11 |
| Deerwood Bank | 9451 Madison St | Garrison | MN | 11 |
| Deerwood Bank | 2950 S Highway 169 | Grand Rapids | MN | 11 |
| Deerwood Bank | 1060 Dakota Dr | Mendota Heights | MN | 11 |
| Deerwood Bank | 12080 Main St | Northome | MN | 11 |
| Deerwood Bank | 516 Main St W | Ogema | MN | 11 |
| Deerwood Bank | 12725 43rd St Ne | Saint Michael | MN | 11 |
| Deerwood Bank | 2310 7th St W | Saint Paul | MN | 11 |
| Deerwood Bank | 2351 Connecticut Ave S | Sartell | MN | 11 |
Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
Data sourced from FDIC Enforcement Decisions and Orders / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.
TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.
Benchmarked against 60 active, federally insured banks reporting in the same quarter and holding roughly 0.5×–2× its assets. Same-state and overlapping-market peers are prioritized.
TFS health score
76.3
Tier 1 capital ratio
8.06%
Return on assets
1.79%
Non-performing loans
0.29%
Efficiency ratio
56.82%
Asset growth (YoY)
22.65%
Suggested direct comparisons
Saint Louis Park, MN
$5.4B
$1.4B
Complaint percentiles are intentionally withheld while TFS audits CFPB company matching and import coverage. Peer conclusions use complete same-quarter regulatory metrics only.