TellerScore

Deerwood Bank is a state-chartered bank headquartered in Waite Park, Minnesota, in business for about 116 years. At the end of Q2 2026 it reported $1.5B in total assets and $1.4B in deposits, with 14 offices.

Deerwood Bank has a TellerScore of 68 out of 100 (moderate) based on Q2 2026 data — higher than only 49% of its 897 banks with $1 billion – $10 billion. Among 223 banks headquartered in Minnesota, it ranks 120th. Earnings contributes the most (92/100, 1.79%); capital cushion contributes the least (31/100, 8.06%).

TellerScore · Q2 2026

Scorecard

Capital cushion31/100
Tier 1 leverage ratio: 8.06%
Loan quality90/100
Noncurrent loans ÷ total loans: 0.29%
Earnings92/100
Return on assets (annualized): 1.79%
Funding & liquidity58/100
Loans ÷ deposits and uninsured-deposit share: 68.7% · 45.2% uninsured
Problem-loan coverage92/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 3.78%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score fell 3 points (71 → 68), mostly because the capital cushion component weakened by 13 points.

TellerScore
606774Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202474
Q3 202470
Q4 202460
Q1 202564
Q2 202571
Q3 202570
Q4 202568
Q1 202668
Q2 202668
Tier 1 leverage ratio
5.00%7.79%10.58%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.58%
Q3 202410.18%
Q4 20248.76%
Q1 20259.07%
Q2 20259.45%
Q3 20258.73%
Q4 20258.26%
Q1 20268.08%
Q2 20268.06%
Noncurrent loans
0.17%0.58%1.00%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.17%
Q3 20240.62%
Q4 20241.00%
Q1 20250.97%
Q2 20250.43%
Q3 20250.40%
Q4 20250.39%
Q1 20260.30%
Q2 20260.29%
Return on assets
1.24%1.51%1.79%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20241.29%
Q3 20241.37%
Q4 20241.24%
Q1 20251.53%
Q2 20251.68%
Q3 20251.78%
Q4 20251.71%
Q1 20261.77%
Q2 20261.79%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202668$1.5B8.06%0.29%1.79%68.7%
Q1 202668$1.6B8.08%0.30%1.77%64.4%
Q4 202568$1.4B8.26%0.39%1.71%71.7%
Q3 202570$1.4B8.73%0.40%1.78%73.3%
Q2 202571$1.2B9.45%0.43%1.68%82.5%
Q1 202564$1.2B9.07%0.97%1.53%83.9%
Q4 202460$1.2B8.76%1.00%1.24%83.4%
Q3 202470$1.2B10.18%0.62%1.37%82.4%
Q2 202474$979.2M10.58%0.17%1.29%88.7%

897 peers · $1 billion – $10 billion

How it compares with peers

Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio8.06%
3rd
Total risk-based capital12.13%
33rd
Problem loans0.29%
68th
Net charge-offs0.02%
60th
Return on assets1.79%
82nd
Net interest margin4.14%
75th
Efficiency ratio56.8%
58th
Loans to deposits68.7%
86th
Uninsured deposits45.2%
17th
Loan-loss reserves0.86%
18th
Texas ratio3.8%
48th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Park State BankBank Duluth, MN66 out of 100, Moderate$1.5B9.9%0.92%vs
North American Banking CompanyBank Roseville, MN68 out of 100, Moderate$1.5B8.9%0.51%vs
Citizens Alliance BankBank Clara City, MN47 out of 100, Below average$1.4B9.8%1.48%vs
Security Bank & Trust CompanyBank Glencoe, MN74 out of 100, Strong$1.3B9.4%0.34%vs
Premier BankBank Maplewood, MN76 out of 100, Strong$1.2B10.2%0.00%vs
First Resource BankBank Lino Lakes, MN66 out of 100, Moderate$1.1B8.3%0.09%vs

Deposit insurance

Is my money safe at Deerwood Bank?

Yes. Deerwood Bank is an FDIC-insured institution (FDIC certificate #5123). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 45.2% of deposits ($623.1M) are above the $250,000 FDIC insurance limit, above the peer median of 31%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 8.06%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.13% (benchmark: 10%).

Check how much of your own balance is covered

14 locations

Branches

Deerwood Bank lists 14 offices in 14 cities. Most locations:

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, Deerwood Bank reported 1,099 home-loan applications under HMDA (LEI 549300ZBB5XXXOWVNS92): 938 originated ($185,460,000 total), 52 denied, and 96 withdrawn or closed by the applicant. Its denial rate on decided applications was 5.2%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
Deerwood Bank
Former names
The First National Bank of Deerwood
Type
State-chartered bank
FDIC certificate #
5123
RSSD ID
314257
Primary regulator
FDIC
Holding company
Deerwood Bancshares Inc
Established
March 21, 1910
Headquarters
131 6th Ave S, Waite Park, MN 56387
Employees
197

Quick answers

Deerwood Bank: common questions

Is Deerwood Bank FDIC insured?

Yes. Deerwood Bank is an FDIC-insured institution (FDIC certificate #5123). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is Deerwood Bank's TellerScore?

68 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has Deerwood Bank ever failed?

There is no failure record for FDIC certificate #5123 in the FDIC failed bank list.

How many branches does Deerwood Bank have?

14 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Waite Park

InstitutionScoreAssetsCapitalProblem loansCompare
Liberty Bank MinnesotaBank Saint Cloud, MN86 out of 100, Very strong$290.2M12.9%0.00%vs
Lake Central BankBank Annandale, MN86 out of 100, Very strong$291.3M11.2%0.04%vs
The First National Bank of MilacaBank Milaca, MN81 out of 100, Strong$293.2M10.8%0.37%vs
American Heritage National BankBank Long Prairie, MN80 out of 100, Strong$604.7M11.9%0.00%vs
Battle Bank, National AssociationBank Upsala, MN79 out of 100, Strong$180.8M33.3%0.00%vs
Pine Country BankBank Little Falls, MN78 out of 100, Strong$380.3M10.2%0.06%vs