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Farmers State Bank of Underwood


Overview / Commentary
218-826-6112
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 198th largest bank in the state of Minnesota. It is also the 4,557th largest bank in the nation. It was established in 1915 and as of March of 2019, it had grown to 15 employees at 3 locations. Farmers State Bank of Underwood has a B+ health rating.

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Farmers State Bank of Underwood has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #10174
Year Established1915
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD21.74%
Annual Interest Income$975.00K
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$70.3MM$65.8MM
LoansQ1 2019vs Q1 2018$50.6MM$49.2MM
DepositsQ1 2019vs Q1 2018$62.0MM$59.1MM
Equity CapitalQ1 2019vs Q1 2018$6.5MM$5.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$700.00K$636.00K
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$221.00K$564.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
Rates
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Farmers State Bank of Underwood Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%-$15kKasasa Saver

Farmers State Bank of Underwood Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+
Locations


Farmers State Bank of Underwood Locations
Dalton Branch105 Main Street WestDalton, MN 56324
Farmers State Bank Of Underwood110 Main StUnderwood, MN 56586
Rothsay Branch451 Center Street NorthRothsay, MN 56579

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