# NORTHWOODS BANK OF MINNESOTA
PARK RAPIDS, MN · FDIC certificate 1415 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $140.6M | |
| Deposits | $125.0M | |
| Loans and leases | $77.6M | |
| Total equity | $13.0M | |
| Loans / deposits | 61.27% (p32 of band) | 73.59% |
| Liquid assets / assets | 42.33% (p67 of band) | |
| Uninsured deposits / deposits | 19.11% (p48 of band) | 19.81% |
| Brokered deposits | 0.36% | |
| Wholesale funding | 1.79% (p58 of band) | |
| FHLB advances / assets | 1.43% | |
| Tier 1 leverage | 11.22% (p43 of band) | 11.76% |
| Unrealized securities loss / equity | -22.87% (p20 of band) | -6.57% |
| AOCI / equity | -2.07% (p12 of band) | |
| ROA (annualized) | 1.05% (p43 of band) | 1.17% |
| Net interest margin | 4.01% (p55 of band) | 3.93% |
| Efficiency ratio | 73.69% (p68 of band) | |
| Noncurrent loans | 0.03% (p28 of band) | 0.36% |
| Net charge-offs (annualized) | 0.00% (p17 of band) | |
| Reserve coverage of noncurrent | 4395.65% | |
| Real estate % of loans | 94% | |
| Construction % of loans | 32.35% (p66 of band) | |
| Auto loans | $423,000 (0.55% of loans; DQ 2.36%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 3.1% | |
| Employees | 33 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 3 | noncurrent p90, uninsured deposits leaving |  |
| 2012-06 | 3 |  |  |
| 2012-09 | 2 |  | uninsured deposits leaving |
| 2012-12 | 2 |  |  |
| 2013-03 | 4 | deposits shrinking, uninsured deposits leaving |  |
| 2013-06 | 2 |  | noncurrent p90, deposits shrinking |
| 2013-09 | 2 |  |  |
| 2013-12 | 4 | deposits shrinking, assets shrinking |  |
| 2014-03 | 1 |  | uninsured deposits leaving, deposits shrinking, assets shrinking |
| 2014-06 | 1 |  |  |
| 2014-09 | 5 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2014-12 | 2 |  | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2015-03 | 0 |  | reserve under noncurrent, capital falling |
| 2015-06 | 1 | reserve under noncurrent |  |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 0 |  |  |
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 4 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving | charge-offs p90 |
| 2016-09 | 0 |  | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2016-12 | 0 |  |  |
| 2017-03 | 0 |  |  |
| 2017-06 | 0 |  |  |
| 2017-09 | 2 | capital falling, reserve under noncurrent |  |
| 2017-12 | 1 |  | capital falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | capital falling |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 1 |  | capital falling |
| 2019-03 | 1 |  |  |
| 2019-06 | 0 |  | reserve under noncurrent |
| 2019-09 | 0 |  |  |
| 2019-12 | 0 |  |  |
| 2020-03 | 1 | reserve under noncurrent |  |
| 2020-06 | 0 |  | reserve under noncurrent |
| 2020-09 | 1 | capital falling |  |
| 2020-12 | 1 | reserve under noncurrent | capital falling |
| 2021-03 | 0 |  | reserve under noncurrent |
| 2021-06 | 0 |  |  |
| 2021-09 | 1 | capital falling |  |
| 2021-12 | 0 |  | capital falling |
| 2022-03 | 1 | AOCI drag >20% of equity |  |
| 2022-06 | 2 | securities losses >30% of equity |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | AOCI drag >20% of equity |
| 2023-06 | 1 |  |  |
| 2023-09 | 1 |  |  |
| 2023-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2024-03 | 4 |  |  |
| 2024-06 | 2 |  | assets shrinking, uninsured deposits leaving |
| 2024-09 | 0 |  | securities losses >30% of equity, deposits shrinking |
| 2024-12 | 1 | securities losses >30% of equity |  |
| 2025-03 | 1 |  |  |
| 2025-06 | 1 |  |  |
| 2025-09 | 1 | capital falling | securities losses >30% of equity |
| 2025-12 | 0 |  | capital falling |
| 2026-03 | 0 |  |  |
| 2026-06 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-06 [Rodney "Rod" Max Knowles Obituary Apr 6, 2026 - mahnfamilyfuneralhome.com](https://news.google.com/rss/articles/CBMicEFVX3lxTE1aZWx1b2JoSDNJLVNFaV9sb01GdXROR2ljZkxxek1jRlZBRHFFTWFyMGZXWWRzVlJ0Uml0VnYwczhrYVl5MmVFanVfQTJiTmFGTUwtMGE1UlZBQkZQbDcyYW1IMVFqaGZ3RUdzTERJSEM?oc=5) · mahnfamilyfuneralhome.com
- 2024-08-07 [Mark Hewitt Honored with Legacy Award by BankIn Minnesota - Issuewire](https://news.google.com/rss/articles/CBMiogFBVV95cUxPRWZGN25BWUlBUGRUN0FMN1Z1Tm1veW9nU3ZRd2VQSjN1a2FQZ0dVclNYRFBubnk0RlBoY25GX3JkTUF4UU9EOGFBX3U4NFZoY1lCN3F2M29PRkFpNkxRXzcyR2Jnc0d0TEpLWmJyMnZEUHZOSXBuNk1DaUtPQXZKdy1PU2FvdzFtVHcyeGloYnZPS3VJb2YtUGRBZDkxblVIdlE?oc=5) · Issuewire
- 2008-10-31 [John Earl David Kelly, 65 - Bemidji Pioneer](https://news.google.com/rss/articles/CBMibEFVX3lxTE5sRGh5VXI4WHB3U1ZWeVhfNVhKWmZxNG5DYmdjOVRlMUVfZl9qQnN0REo4aHpOZUZmbXU3ZW4zYUxoRjlabUlJZW9MU2VxRVQ5YV9mWWFnYVZFSmVweXRrbldPRW1vSHJZZjkzeA?oc=5) · Bemidji Pioneer

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=1415 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/7.json (key "1415", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide