Deerwood Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Deerwood Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $1.5 billion at June 30, 2026, up 22.6% from a year earlier; it is based in Waite Park, Minnesota. It funds 8.06% of its assets with Tier 1 capital, lower than about 9 in 10 of the 895 banks with $1 billion to $10 billion in assets (median 10.52%). It also grew deposits 24.0% over the year, 4.7 times the median of 5.1% for banks its size.
Net income for the quarter rose 23% from a year earlier, to $6.8 million. Over the same year, loans grew 3.2% and deposits grew 24.0%. Funding is the softer spot: it holds about half of its deposits (45%) above the FDIC insurance limit, higher than about three-quarters of banks its size (median 30.9%).
As of June 30, 2026, Deerwood Bank reported a CET1 capital ratio of 11.34%, a return on assets of 1.80%, a nonperforming-loan ratio of 0.29% and a Texas ratio of 4.26%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 131 6th Ave S, Waite Park, MN 56387
- County
- Stearns
- Metro Area
- St. Cloud, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- March 21, 1910
- Offices
- 14 domestic
- Employees (FTE)
- 197
- Domestic deposits
- $1.38B
- Allowance for credit losses
- $8.2M
- Net charge-offs (YTD)
- $76K
- Average total assets
- $1.51B
- Average total loans
- $955.4M
- Average interest-bearing deposits
- $1.17B
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 5123
- Fed RSSD
- 314257
- Website
- deerwoodbank.com →
- Parent Holding Company
- DEERWOOD BANCSHARES, INC. (RSSD 2499082)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Deerwood Bank terminal
26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Deerwood Bank, freeDeerwood Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Metric pages for Deerwood Bank: Uninsured deposits.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.34% | 1.80% | 0.29% | 4.26% | 4.21% |
| Q1 2026 | 11.49% | 1.80% | 0.30% | 5.09% | 4.02% |
| Q4 2025 | 10.93% | 1.51% | 0.39% | 5.52% | 4.36% |
| Q3 2025 | 10.99% | 2.00% | 0.40% | 6.05% | 4.40% |
| Q2 2025 | 11.22% | 1.92% | 0.43% | 6.89% | 4.66% |
| Q1 2025 | 11.51% | 1.54% | 0.97% | 7.98% | 4.36% |
| Q4 2024 | 11.12% | 0.87% | 1.00% | 8.62% | 4.59% |
| Q3 2024 | 11.24% | 1.69% | 0.62% | 5.22% | 4.46% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 14 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bemidji Branch | Bemidji , MN | 56601 | $377.9M |
| Deerwood Bank (main office) | Waite Park , MN | 56387 | $181.4M |
| Deerwood Branch | Deerwood , MN | 56444 | $141.6M |
| Baxter Branch | Baxter , MN | 56425 | $136.5M |
| Saint Michael Branch | Saint Michael , MN | 55376 | $125.6M |
| Mendota Heights Branch | Mendota Heights , MN | 55120 | $107.1M |
| Grand Rapids Branch | Grand Rapids , MN | 55744 | $62.9M |
| Sartell Branch | Sartell , MN | 56377 | $60.9M |
| Blackduck Branch | Blackduck , MN | 56630 | $50.2M |
| Saint Paul Branch | Saint Paul , MN | 55116 | $44.5M |
| Ogema Branch | Ogema , MN | 56569 | $29.7M |
| Garrison Branch | Garrison , MN | 56450 | $21.9M |
| Brainerd Office Branch | Brainerd , MN | 56401 | $21.7M |
| Northome Branch | Northome , MN | 56661 | $16.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 21, 2024 | Structure Change | Acquired Community Development Bank, FSB Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| April 28, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 28, 2018 | Structure Change | Acquired Plaza Park State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 15, 2015 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 15, 2015 | Structure Change | Acquired American Bank of St. Paul Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 14, 2005 | Structure Change | Acquired Northland Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 7 events.
Regulatory record
What the public regulatory sources show for Deerwood Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- 1 against the institution (OCC)
- April 11, 1991, OCC: Formal Agreement: The First National Bank Of Deerwood
- Period: Most recent institution action April 11, 1991. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.4% of deposits in MN, rank 19 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,101 applications, 937 loans originated, $183.4M originated, across 8 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 3 loans, $2.1M approved, $684K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Deerwood Bank
What are Deerwood Bank's total assets?
As of the Q2 2026 filing, Deerwood Bank reported total assets of $1.52 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Deerwood Bank headquartered?
Deerwood Bank is headquartered in Waite Park, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Deerwood Bank founded?
Deerwood Bank was established in 1910, per the FDIC institution directory.
Is Deerwood Bank FDIC-insured?
Yes. Deerwood Bank is an FDIC-insured commercial bank (FDIC Certificate #5123). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Deerwood Bank?
Deerwood Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Deerwood Bank's CET1 capital ratio?
Deerwood Bank reported a Common Equity Tier 1 (CET1) capital ratio of 11.34% in its Q2 2026 call report, above regulatory requirements.
How many branches does Deerwood Bank operate?
Deerwood Bank operates 14 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Deerwood Bank's Texas Ratio?
Deerwood Bank's Texas Ratio is 4.26% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
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