# DEERWOOD BANK
WAITE PARK, MN · FDIC certificate 5123 · asset band $1-10B · latest filing 2026-06 · live

**Verdict on the desk:** this could be *ordinary*. Composite score 1 (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 | $1.52B | |
| Deposits | $1.38B | |
| Loans and leases | $954.9M | |
| Total equity | $135.2M | |
| Loans / deposits | 68.69% (p15 of band) | 87.10% |
| Liquid assets / assets | 33.30% (p81 of band) | |
| Uninsured deposits / deposits | 45.21% (p83 of band) | 30.76% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p6 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 8.06% (p3 of band) | 10.50% |
| Unrealized securities loss / equity | -1.15% (p86 of band) | -7.75% |
| AOCI / equity | -0.14% (p62 of band) | |
| ROA (annualized) | 1.79% (p81 of band) | 1.26% |
| Net interest margin | 4.14% (p75 of band) | 3.70% |
| Efficiency ratio | 56.82% (p42 of band) | |
| Noncurrent loans | 0.29% (p32 of band) | 0.51% |
| Net charge-offs (annualized) | 0.01% (p38 of band) | |
| Reserve coverage of noncurrent | 294.03% | |
| Real estate % of loans | 77% | |
| Construction % of loans | 48.55% (p51 of band) | |
| Auto loans | $2.7M (0.29% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p35 of band) | |
| Deposits YoY | 24.0% | |
| Employees | 197 | |

## Flags firing in the latest filing

- **capital falling** (`cap_falling`)

## 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 | 2 | uninsured deposits leaving |  |
| 2012-06 | 2 |  |  |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 2 | capital falling |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 2 | capital falling |  |
| 2013-12 | 1 |  | capital falling |
| 2014-03 | 1 |  |  |
| 2014-06 | 1 |  |  |
| 2014-09 | 1 |  |  |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2016-09 | 2 |  | assets shrinking, uninsured deposits leaving |
| 2016-12 | 3 | assets shrinking |  |
| 2017-03 | 2 |  | reserve under noncurrent |
| 2017-06 | 0 |  | deposits shrinking, assets shrinking |
| 2017-09 | 0 |  |  |
| 2017-12 | 1 | capital falling |  |
| 2018-03 | 0 |  | capital falling |
| 2018-06 | 0 |  |  |
| 2018-09 | 2 | capital falling, reserve under noncurrent |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 0 |  | capital falling, reserve under noncurrent |
| 2019-06 | 1 | uninsured deposits leaving |  |
| 2019-09 | 0 |  | uninsured deposits leaving |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 2 | reserve under noncurrent, uninsured deposits leaving |  |
| 2021-09 | 0 |  | reserve under noncurrent, uninsured deposits leaving |
| 2021-12 | 0 |  |  |
| 2022-03 | 3 | capital falling, expense ratio p90, uninsured deposits leaving |  |
| 2022-06 | 0 |  | capital falling, expense ratio p90, uninsured deposits leaving |
| 2022-09 | 1 | uninsured deposits leaving |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 2 | deposits shrinking |  |
| 2023-06 | 0 |  | uninsured deposits leaving, deposits shrinking |
| 2023-09 | 1 | deposits shrinking |  |
| 2023-12 | 1 |  |  |
| 2024-03 | 1 |  |  |
| 2024-06 | 1 | assets shrinking | deposits shrinking |
| 2024-09 | 0 |  | assets shrinking |
| 2024-12 | 2 | capital falling, reserve under noncurrent |  |
| 2025-03 | 1 |  | capital falling |
| 2025-06 | 0 |  | reserve under noncurrent |
| 2025-09 | 0 |  |  |
| 2025-12 | 1 | capital falling |  |
| 2026-03 | 1 |  |  |
| 2026-06 | 1 |  |  |

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

- 2026-08-22 [Best Places to Work: Deerwood Bank - The Business Journals](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNWGxhcXpDTDZaQWtoWFBMWnZUbUNZWEozY3poZ3p1NHdGNGJtMTR1cm9vV0RfMnExcW5pTUlEUWl3VjJMSXljUVZwLUZ0TTVhZ3dqUkY3TlFBSGFhSUkyQ0dCSGdRSzlKVEpXSGVMUlZoNTJMaEtGaVVRUWMtcWdSei16bGlOMGVZek50NndxeWpUVmt2T2hXUkdaYUdyX3NVSVNVemxJbWU5RExfSlF4X3BON0tPM2xiTW1EWFk2SUZwdw?oc=5) · The Business Journals
- 2026-05-18 [Biz Buzz: Deerwood Bank's 'nice and simple' model fuels rapid growth across Minnesota - St. Cloud Live](https://news.google.com/rss/articles/CBMiugFBVV95cUxPTk15SlNXcEZJN0g4a0pJY2pqNmtlaVBnTU12STV2cVEwbXBQN0N0eVpDbHRkTV9WOWNzMGZLNTRHTXVNWFFoQ2RkaDh4WFpQeGhCSjJTaXkyZzVjaVFaYnZXcERRcnMyZGZlZVh3TGNELTBUR2ZOelh1RjhNQmpBOGpaU1ZmV0xPRWlFNjFIM1lzZlBha1AxZGxzQTJQTVhiTEQ4cVp4S1BoX0RsYjFiZWszSlNhOEdIc0E?oc=5) · St. Cloud Live
- 2025-12-23 [Authorities search for suspect in Garrison bank robbery - Brainerd Dispatch](https://news.google.com/rss/articles/CBMioAFBVV95cUxOZjRnT3FjTnF4dVBWMkxqcGZidkl6ZGlYalBhVjFoNmljOWtoLXBhcXBodGQ3aG40NV92MGNUSnFRV0VFdUFiWnJWcGllNDNDaTFlR1VPMGduNG52RTdPcGxhSk94MS1oempJYkE3NmlveFBEeEhQT3ZZbnJkUFNaY0E4ZF9IRGk0em9ZdVhwbk9vMlZqd1NNZHdSQ1JZYktI?oc=5) · Brainerd Dispatch
- 2023-04-08 [Deerwood Bank Names Clinton Cornell Vice President of Business Banking - Bemidji Pioneer](https://news.google.com/rss/articles/CBMihAJBVV95cUxPMUpXR2hhVWZJOUdQaEZiWk1LMEZtdGRtNUV2T2FSNUt1RzZPbVg3d3JSR2NGeUlJZG9CS29JTkVHaDQwRHViX1Z6cEMzRmU1NV9zaWtOdUVuMXN6VEhOdHdLY1diVmdtU05TSjNNcThlSzl3and0V215RHpjaDMzamptc09qLUlKazBNT0E3ejFEVWtENlJlZzc2WV96Q2xRajBIZVl2N2tyUm5GZFJsR25kenpuQWJvLTV4dGRlNXZyUDV5eERaWDZ2dmNmWElPSVBON3VNeFE3VDVWc2o1RV8tOGZMdkhXT294eVhTUXRvV1EtUE9TTzBRbVQwWWhxU0lqbQ?oc=5) · Bemidji Pioneer
- 2025-12-25 [Robber holds up bank in Crow Wing County community of 200 - Pioneer Press](https://news.google.com/rss/articles/CBMinAFBVV95cUxNdE5DYmlWbFpiVkdvVVoxX0Q3WFhIOUYzSEZHUkQ4cVRMbXRSRFdWYlFueW1lRXRuNHpRTkxGbkRPOFA3UlgwTmZqNVJqTGxIZ1ZFNUl0VmFjLTRaYWZtcHZORENhYmdwYk1vQVBFcnFZOE1UbHU1dlY1aFpTanRLNEl0Y0I0R0l5dTZDT2JXSXlLNVZ6U0Nvd2RBU0c?oc=5) · Pioneer Press
- 2025-04-09 [America's Best Regional Banks and Credit Unions 2025 - Minnesota - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxOUzh0Z3pCcmdqcXR3Vi0xQ0IzV0VKUGE3ZHpzRWVTcGpKSjFNMk5BZ2c0SnRCa1ZYRVlzd0dfX3ZlWVpDaDVhNXdGSXpERG0tZzN6VzRTRkp1ek50ZFJCei1sWHhSNXoxSlg0di1CMkpLUzliel9KS1dLWXMwOVdnaXpFcHJMUm9ydmxuMFpISDg?oc=5) · Newsweek Rankings
- 2025-01-24 [Minnesota-based Deerwood Bank expands metro presence through purchase of 2 Community Development Bank branches - The Business Journals](https://news.google.com/rss/articles/CBMinAFBVV95cUxQTlRtMWlHa2RpVjdBTktwUXNXaEh5a050UkVuVGlYUU9XNFB0NVo5UnJrXzUxY3dSaUZybk1qemdES0JCNjNEaGFtTHJYWlhkcUlqSHdlekZOZV9BWmpqUDV1cWktVllQaE5YSXVnajAtT1BTMHl4ZnlvTGtneVUzMEhyWkdxV0FQb0pQck1hNHlCU0NhaGREbFpsc0Q?oc=5) · The Business Journals
- 2018-08-12 [In Business: Netgain acquires Afinety, Inc. - St. Cloud Times](https://news.google.com/rss/articles/CBMiugFBVV95cUxPdl9tQlBkSzgwaWdhdFlsNGZ2Z0VhQ2lkcUJzcUZlc0tGNXg0VHRDSnhTTkpjWXhwY3AyaDZobHBhdEhBVDhCc2w3TmdRTVhoTXdvdUphZmpILW1YSHVQUE91RDUtZE41eVRFRHlDUVByM1VJN1JTeE9IRTN6MENnazRycE8tUXZfTmRxaTRvclFaQkQ2V29tRVBuTlZ6cjdOV2FPczJZQi16V0tQZ1FLZW5xNDY4N3VxT1E?oc=5) · St. Cloud Times

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=5123 (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/3.json (key "5123", 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