Northwoods Bank Salary

Northwoods Bank Salary

How much does the Northwoods Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Northwoods Bank in the United States is $83,487. This translates to an approximate hourly wage of $40. Salaries at Northwoods Bank typically range from $73,226 to $94,600 annually, reflecting the diverse roles and experience levels within the company. Northwoods Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Northwoods Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Northwoods Bank. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Northwoods Bank

Ready for your next career move? Explore current job openings at Northwoods Bank. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Northwoods Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Northwoods Bank’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
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90k
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Average Salary ($/year)
Northwoods Bank
Financial Services
Kildare Enterprises LLC
Investment Realty Advisors LLC
Industry Comparison
Our data shows that, on average, compensation at Northwoods Bank is below the average for the U.S. Financial Services industry by approximately 31%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Northwoods Bank average annual salary with several similar companies. Northwoods Bank average salary of $83,487 is lower than Kildare Enterprises LLC, which has an average salary of $102,685. It is lower than Investment Realty Advisors LLC, with their average salary at $84,753. This places Northwoods Bank in a developing position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Northwoods Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Northwoods Bank. Click a company name to learn more.

Employee Reviews: Working at Northwoods Bank

Considering a career at Northwoods Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The leadership visionary and inspiring. Leaders explain the why behind shifts. Leadership fosters a respectful, empowering environment where collaboration thrives. For a company they ensure that hard work is recognized and rewarded appropriately. I feel empowered to bring ideas forward.
Commented in May 09, 2025
36
0
I’ve had excellent mentorship and space to develop professionally. Mental health resources are promoted without stigma. I feel valued, heard, and consistently challenged to grow. This shows a commitment to employee development and long-term career paths, which I value. The team culture promotes growth and recognizes contributions. A strong emphasis on client service drives excellence. Leadership i...
Commented in June 21, 2024
17
3
It’s a professional and rewarding work environment. Comprehensive benefits include health insurance, wellness initiatives, and retirement plans. Benefits are comprehensive, including health insurance, retirement plans, and wellness initiatives. The culture favors maintaining existing processes over innovation.
Commented in February 02, 2024
30
0

Northwoods Bank Overview

Website
www.northwoodsbank.com
Founded In
1919
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1200 1st St E Park Rapids Minnesota MN 56470
Revenue
$5 Million - $10 Million
Phone Number
+1 2187327221
Social Media
About Northwoods Bank
Northwoods Bank Kids Club is a way for Northwoods Bank to contribute to the communities we serve, and an avenue that allows us to connect to the youth of our area and their families. Northwoods Bank is a family-owned community bank with offices in Park Rapids, Nevis, Pine City and Rush City, Minnesota. Our friendly employees are ready to assist you in reaching your financial goals.

What Benefits Does Northwoods Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Northwoods Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Northwoods Bank.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Northwoods Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Northwoods Bank salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Northwoods Bank

1. How much does a Northwoods Bank employee make?

Northwoods Bank pays its employees an average of $83,487 per year. The average salary at Northwoods Bank range from $73,226 to $94,600 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Northwoods Bank?

The salary at Northwoods Bank is lesser than the similar company. The average annual salary at Northwoods Bank is $83,487, or an hourly wage of $40, in comparison to Kildare Enterprises LLC which pays $102,685 per year or $49 per hour.

3. How much does a Chief Executive Officer typically earn at Northwoods Bank?

A Chief Executive Officer at Northwoods Bank typically earns an average annual base salary of around $646,266, with a general range of $493,176 to $816,181.

4. Do employees with advanced degrees (Master's, PhD) earn more at Northwoods Bank?

In many roles at Northwoods Bank, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Minneapolis affect the perceived value of a Northwoods Bank salary?

Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). This significantly impacts the purchasing power of a salary from Northwoods Bank based there. Our "Cost of Living Insights for Minneapolis" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Northwoods Bank typically offer employees?

Northwoods Bank generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Northwoods Bank" section on this page.

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