Northwoods Bank of Minnesota (FDIC certificate #1415) is based in Park Rapids, Minnesota. Its Q2 2026 call report shows $140.6M in total assets and $125.0M in deposits and 4 offices.
Northwoods Bank of Minnesota has a TellerScore of 80 out of 100 (strong) based on Q2 2026 data — higher than 77% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 38th. Problem-loan coverage contributes the most (100/100, 0.2%); earnings contributes the least (62/100, 1.05%).
TellerScore · Q2 2026
Scorecard
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 rose 11 points (69 → 80), mostly because the loan quality component improved by 29 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 72 |
| Q3 2024 | 72 |
| Q4 2024 | 75 |
| Q1 2025 | 78 |
| Q2 2025 | 69 |
| Q3 2025 | 73 |
| Q4 2025 | 78 |
| Q1 2026 | 80 |
| Q2 2026 | 80 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.15% |
| Q3 2024 | 10.68% |
| Q4 2024 | 11.17% |
| Q1 2025 | 11.44% |
| Q2 2025 | 11.07% |
| Q3 2025 | 10.69% |
| Q4 2025 | 10.93% |
| Q1 2026 | 11.00% |
| Q2 2026 | 11.22% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.33% |
| Q3 2024 | 0.33% |
| Q4 2024 | 0.21% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.90% |
| Q3 2025 | 0.40% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.00% |
| Q2 2026 | 0.03% |
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| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.50% |
| Q3 2024 | 0.62% |
| Q4 2024 | 0.64% |
| Q1 2025 | 0.70% |
| Q2 2025 | 0.68% |
| Q3 2025 | 0.85% |
| Q4 2025 | 0.98% |
| Q1 2026 | 1.06% |
| Q2 2026 | 1.05% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 80 | $140.6M | 11.22% | 0.03% | 1.05% | 61.3% |
| Q1 2026 | 80 | $140.5M | 11.00% | 0.00% | 1.06% | 61.1% |
| Q4 2025 | 78 | $143.0M | 10.93% | 0.00% | 0.98% | 60.7% |
| Q3 2025 | 73 | $142.3M | 10.69% | 0.40% | 0.85% | 60.8% |
| Q2 2025 | 69 | $137.1M | 11.07% | 0.90% | 0.68% | 61.0% |
| Q1 2025 | 78 | $134.6M | 11.44% | 0.00% | 0.70% | 62.1% |
| Q4 2024 | 75 | $140.0M | 11.17% | 0.21% | 0.64% | 60.3% |
| Q3 2024 | 72 | $141.1M | 10.68% | 0.33% | 0.62% | 61.0% |
| Q2 2024 | 72 | $136.6M | 11.15% | 0.33% | 0.50% | 63.8% |
2,650 peers · $100 million – $1 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).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Farmers & Merchants National BankBank Fairmont, MN | 68 out of 100, Moderate | $140.4M | 10.6% | 0.06% | vs |
| Valley Premier BankBank Hawley, MN | 81 out of 100, Strong | $141.0M | 11.1% | 0.00% | vs |
| Citizens State Bank Norwood Young AmericaBank Norwood Young America, MN | 48 out of 100, Below average | $141.3M | 8.1% | 3.42% | vs |
| Farmers and Merchants State Bank of SpringfieldBank Springfield, MN | 42 out of 100, Below average | $139.8M | 8.7% | 4.48% | vs |
| Security State Bank of WarroadBank Warroad, MN | 62 out of 100, Moderate | $138.3M | 16.4% | 4.17% | vs |
| The First National Bank of CokatoBank Cokato, MN | 68 out of 100, Moderate | $138.2M | 8.5% | 0.25% | vs |
Deposit insurance
Is my money safe at Northwoods Bank of Minnesota?
Yes. Northwoods Bank of Minnesota is an FDIC-insured institution (FDIC certificate #1415). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 19.1% of deposits ($23.9M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.22%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 0.00% (benchmark: 10%).
4 locations
Branches
Northwoods Bank of Minnesota lists 3 offices in 3 cities. Most locations:
- Nevis, MN (1)
- Park Rapids, MN (1)
- Pine City, MN (1)
Identity & history
Profile
- Legal name
- Northwoods Bank of Minnesota
- Former names
- Farmers State Bank of Dorset
- Type
- Savings bank
- FDIC certificate #
- 1415
- RSSD ID
- 284752
- Primary regulator
- OCC
- Holding company
- Dorset Bancshares Inc
- Established
- September 19, 1919
- Headquarters
- 1200 First St E, Park Rapids, MN 56470
- Website
- www.northwoodsbank.com
- Employees
- 33
Quick answers
Northwoods Bank of Minnesota: common questions
Is Northwoods Bank of Minnesota FDIC insured?
Yes. Northwoods Bank of Minnesota is an FDIC-insured institution (FDIC certificate #1415). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Northwoods Bank of Minnesota's TellerScore?
80 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Northwoods Bank of Minnesota ever failed?
There is no failure record for FDIC certificate #1415 in the FDIC failed bank list.
How many branches does Northwoods Bank of Minnesota have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Park Rapids
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Community First BankBank Menahga, MN | 90 out of 100, Very strong | $126.5M | 12.8% | 0.28% | vs |
| Trustar Federal Credit UnionCredit union International F, MN | 88 out of 100, Very strong | $376.7M | 15.4% | 0.36% | vs |
| First National Bank NorthBank Walker, MN | 85 out of 100, Very strong | $864.3M | 12.1% | 0.23% | vs |
| Northview BankBank Sandstone, MN | 74 out of 100, Strong | $469.7M | 10.8% | 0.46% | vs |
| The Citizens National Bank of Park RapidsBank Park Rapids, MN | 72 out of 100, Strong | $397.0M | 11.7% | 1.10% | vs |