Branch Network
Deerwood Bank Locations & Branches Waite Park, Minnesota
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Deerwood Bank operates 14 branches from its headquarters in Waite Park, MN, .
Deerwood Bank branch network
All 14 branches are in MINNESOTA, across 14 cities. Its largest office by deposits is the Bemidji Branch office in Bemidji, MN, with $377.9M (27.4% of its branch deposits). It had the same number of branches on June 30, 2025.
Deerwood Bank at a glance
Its CET1 capital ratio was 11.34% at Q2 2026, above regulatory requirements.
- Total assets, Q2 2026
- $1.52B
- CET1 ratio, Q2 2026
- 11.34%
- Deposit insurance
- FDIC
- Regulator
- FDIC
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1910
Full financial profile · Is Deerwood Bank safe? · Deerwood Bank call report · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Waite Park, MN (1 branch) | 1 of 3 | 82.2% | $181.4M |
| State: MN (14 branches) | 19 of 277 | 0.4% | $1.38B |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
Deerwood Bank's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Beltrami, MN (2 branches) | 2 of 10 | 22.0% | $428.1M | $1.94B |
| Crow Wing, MN (4 branches) | 2 of 15 | 15.5% | $321.7M | $2.07B |
| Stearns, MN (2 branches) | 9 of 29 | 3.4% | $242.3M | $7.13B |
| Wright, MN (1 branch) | 9 of 24 | 4.2% | $125.6M | $2.99B |
| Dakota, MN (1 branch) | 22 of 32 | 1.1% | $107.1M | $9.72B |
| Itasca, MN (1 branch) | 7 of 9 | 6.2% | $62.9M | $1.02B |
| Ramsey, MN (1 branch) | 28 of 33 | <0.1% | $44.5M | $69.64B |
| Becker, MN (1 branch) | 8 of 10 | 2.0% | $29.7M | $1.51B |
| Koochiching, MN (1 branch) | 3 of 4 | 9.2% | $16.5M | $180.7M |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Bemidji, MN (2 branches) | 2 of 10 | 22.0% | $428.1M | $1.94B |
| Brainerd, MN (4 branches) | 3 of 17 | 11.8% | $321.7M | $2.73B |
| Minneapolis-St. Paul-Bloomington, MN-WI (3 branches) | 54 of 124 | 0.1% | $277.1M | $252.68B |
| St. Cloud, MN (2 branches) | 9 of 32 | 3.1% | $242.3M | $7.85B |
| Grand Rapids, MN (1 branch) | 7 of 9 | 6.2% | $62.9M | $1.02B |
| 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 |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 5123) · FFIEC NIC profile (RSSD 314257)