Northwoods Bank of Minnesota
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Data as of · sourced from FFIEC call reports. How we update
Northwoods Bank of Minnesota is an FDIC-insured savings institution headquartered in Park Rapids, MN, established in 1919 (FDIC certificate 1415), and it is supervised by the OCC. At Q2 2026 it reported total assets of $140.6M, up 2.6% from Q2 2025, the 139th largest of 221 banks headquartered in Minnesota. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.22% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Savings institution
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 1415
- Headquarters
- Park Rapids, MN
- Established
- 1919
- Total assets, Q2 2026
- $140.6M
- Assets vs Q2 2025
- +2.6%
- Tier 1 leverage ratio, Q2 2026
- 11.22%
- Domestic offices
- 4 FDIC institution directory, current count
- Routing number
- 091214753
- Latest call report
- Q2 2026, FFIEC 051 · Northwoods Bank of Minnesota call report
- Holding company
- DORSET BANCSHARES, INC.
- Asset rank in state
- 139th of 221 in Minnesota
Northwoods Bank of Minnesota, based in Park Rapids, Minnesota, reported $141 million in assets at June 30, 2026, up 2.6% from a year earlier. It carries problem assets equal to 0.2% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 1.19% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $367,000, 62% above the same quarter a year earlier. Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.03% of loans from 0.90%. Costs are the weak spot: it spends about 72 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Northwoods Bank of Minnesota reported a return on assets of 1.03%, a nonperforming-loan ratio of 0.03% and a Texas ratio of 0.16%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Northwoods Bank of Minnesota is the 139th largest of the 221 banks headquartered in Minnesota. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 0.1% to $140.6M, loans rose 0.7% and deposits rose 0.4%. The largest part of its loan book on June 30, 2026 was owner-occupied commercial real estate loans, at 41.2% of total loans, ahead of 1-4 family residential loans at 41.0%. The FDIC Summary of Deposits lists 4 offices for it, in Park Rapids, MN, Nevis, MN and Pine City, MN; its Park Rapids 2 offices book 67% of its branch deposits. By the capital ratios in its Q2 2026 call report, Northwoods Bank of Minnesota meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 1200 First St E, Park Rapids, MN 56470
- County
- Hubbard
- Charter
- Federal savings bank, federal charter, OCC-supervised (pre-2011 OTS)
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- —
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- September 19, 1919
- Domestic offices
- 4 FDIC institution directory, current count
- Employees (FTE)
- 33
- Domestic deposits
- $125.0M
- Allowance for credit losses
- $1.0M
- Net charge-offs (YTD)
- -$2K
- Average total assets
- $141.9M
- Average total loans
- $77.0M
- Average interest-bearing deposits
- $91.4M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 1415
- Fed RSSD
- 284752
- Website
- www.northwoodsbank.com →
- Parent Holding Company
- DORSET BANCSHARES, INC. (RSSD 1124097)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Northwoods Bank of Minnesota reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Northwoods Bank of Minnesota's total assets moved between a low of $134.6M (Q1 2025) and a high of $143.0M (Q4 2025) from Q3 2023 to Q2 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$140.6M total assets against $137.1M; $127.6M total liabilities against $125.8M.
$76.6M net loans and leases against $73.9M; $125.0M total deposits against $121.2M.
$52.5M securities against $50.9M; $7.0M cash and balances due against $7.8M.
$1.8M total interest income against $1.6M; $377K total interest expense against $407K.
$1.4M net interest income against $1.1M.
$147K total noninterest income against $142K; $1.1M total noninterest expense against $1.0M.
$0 provision for credit losses against $1K.
$367K net income against $227K.
1.03% return on assets against 0.65%; 4.18% net interest margin against 3.55%.
11.22% tier 1 leverage ratio against 11.07%.
Inside the full Northwoods Bank of Minnesota terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeNorthwoods Bank of Minnesota rankings
Its closest position to the top of a national ranking is 2,431 of 3,611, for ROA; its furthest is 3,180 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.65% (Q2 2025) to 1.35% (Q4 2025) and its net interest margin ran from 3.32% (Q4 2024) to 4.18% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.22% | 1.03% | 0.03% | 0.16% | 4.18% |
| Q1 2026 | 11.00% | 1.04% | 0.00% | 0.00% | 3.91% |
| Q4 2025 | 10.93% | 1.35% | 0.00% | 0.01% | 3.95% |
| Q3 2025 | 10.69% | 1.15% | 0.40% | 2.26% | 3.99% |
| Q2 2025 | 11.07% | 0.65% | 0.90% | 5.49% | 3.55% |
| Q1 2025 | 11.44% | 0.71% | 0.00% | 0.00% | 3.65% |
| Q4 2024 | 11.17% | 0.70% | 0.21% | 1.38% | 3.32% |
| Q3 2024 | 10.68% | 0.84% | 0.33% | 1.99% | 3.33% |
Swipe the table sideways to see every column.
Branch Network
View all 4 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Northwoods Bank of Minnesota (main office) | Park Rapids , MN | 56470 | $83.4M |
| Bunyan Trails Branch | Nevis , MN | 56467 | $21.2M |
| Pine City Branch | Pine City , MN | 55063 | $20.4M |
| Detached Facility Branch | Park Rapids , MN | 56470 | $0 |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 170 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $1.1M approved, $545K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2021 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Northwoods Bank of Minnesota
What are Northwoods Bank of Minnesota's total assets?
As of the Q2 2026 filing, Northwoods Bank of Minnesota reported total assets of $140.6 million in its FFIEC call report.
Where is Northwoods Bank of Minnesota headquartered?
It is headquartered in Park Rapids, MN, United States.
When was Northwoods Bank of Minnesota founded?
It was established in 1919, per the FDIC institution directory.
Is Northwoods Bank of Minnesota FDIC-insured?
Yes. It is an FDIC-insured savings institution (FDIC Certificate #1415). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Northwoods Bank of Minnesota?
Northwoods Bank of Minnesota's primary federal regulator is the OCC.
How many branches does Northwoods Bank of Minnesota operate?
It operates 4 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Northwoods Bank of Minnesota's Texas Ratio?
Its Texas Ratio is 0.16% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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