Deerwood Bank: how it compares with its peers
Against 23 MN banks with half to twice its assets, Deerwood Bank's strongest measure in Q2 2026 is return on assets (1.79% vs. a 1.30% peer median). Its weakest relative measure is assets per employee ($7.7M vs. $8.6M).
| Measure | Deerwood Bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.79% | 1.30% | Top third Ahead of 74% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.14% | 3.79% | Top third Ahead of 74% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.82% | 57.01% | Middle third Ahead of 52% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.7M | $8.6M | Bottom third Ahead of 26% of peers |
| Loans to deposits Net loans and leases over total deposits. | 68.69% | 84.11% | Context |
What it means for lending operations
Its efficiency ratio of 56.82% is better than the 57.01% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Park State Bank Duluth, MN · $1.49B
- North American Banking Company Roseville, MN · $1.47B
- Citizens Alliance Bank Clara City, MN · $1.44B
- Security Bank & Trust Company Glencoe, MN · $1.33B
- Premier Bank Maplewood, MN · $1.18B
- First Resource Bank Lino Lakes, MN · $1.08B
Questions about Deerwood Bank
How big is Deerwood Bank?
Deerwood Bank, established in 1910, is headquartered in Waite Park, MN. It reported $1.52B in total assets in its Q2 2026 FDIC call report and operates 14 offices.
What is Deerwood Bank's return on assets?
1.79% annualized in Q2 2026, against a 1.30% median for 23 MN banks with half to twice its assets, ahead of 74% of them.
What is Deerwood Bank's efficiency ratio?
56.82% in Q2 2026: it spent about 57 cents in noninterest expense for each dollar of revenue. The peer median is 57.01%, and lower is better.
Is Deerwood Bank growing its loans?
Net loans grew 3.2% over the year to Q2 2026, while deposits grew 24.0%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.