Deerwood Bank: Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Deerwood Bank is an FDIC-insured commercial bank. The Q2 2026 balance sheet stands at $1.5B in assets, including $955M in loans. Profitability is strong, 1.80% ROA, paired with 20.39% ROE and a 4.21% net interest margin. Capital is comfortably above regulatory requirements, CET1 ratio of 11.34% sits well above the 7% level required once the capital conservation buffer is included. Asset quality is solid, 0.96% nonperforming loans and a 9.27% Texas Ratio. Its footprint covers 14 branches concentrated in Minnesota.
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 0.96%, a Texas ratio of 9.27%, per financial data 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
Capital & 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.
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.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
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% | 0.96% | 9.27% | 4.21% |
| Q1 2026 | 11.49% | 1.80% | 0.99% | 10.28% | 4.02% |
| Q4 2025 | 10.93% | 1.51% | 1.08% | 10.89% | 4.36% |
| Q3 2025 | 10.99% | 2.00% | 1.09% | 11.64% | 4.40% |
| Q2 2025 | 11.22% | 1.92% | 1.13% | 12.69% | 4.66% |
| Q1 2025 | 11.51% | 1.54% | 1.71% | 14.36% | 4.36% |
| Q4 2024 | 11.12% | 0.87% | 1.67% | 15.22% | 4.59% |
| Q3 2024 | 11.24% | 1.69% | 1.37% | 11.61% | 4.46% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and 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.
- 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 required of all FDIC-insured commercial banks.
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 9.27% 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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