Farmers State Bank of Underwood is headquartered in UNDERWOOD and is the 165th largest bank in the state of Minnesota. It is also the 3,773rd largest bank in the nation. It was established in 1915 and as of September of 2024, it had grown to 20 employees at 4 locations. Farmers State Bank of Underwood has an A health rating.
Overall | |
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FDIC Certificate # | 10174 |
Year Established | 1915 |
Employees | 20 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.13% |
Return on Equity - YTD | 17.82% |
Annual Interest Income | $4.9MM |
Assets and Liabilities | ||
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Assets | Q3 2024vs Q3 2023 | $106.8MM$102.8MM |
Loans | Q3 2024vs Q3 2023 | $77MM$72.9MM |
Deposits | Q3 2024vs Q3 2023 | $96.5MM$90.8MM |
Equity Capital | Q3 2024vs Q3 2023 | $7.4MM$5.8MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $1MM$984K |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $84K$104K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $0 | $15k | Kasasa Saver | ||
OTHER TIERS: 0.25% → $15k+ |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
4.00%* | $0 | $15k | Kasasa Cash | ||
OTHER TIERS: 0.25% → $15k+ |
Farmers State Bank of Underwood Locations | ||
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Dalton Branch | 105 Main Street West | Dalton, MN 56324 |
Farmers State Bank Of Underwood | 110 Main St | Underwood, MN 56586 |
Rothsay Branch | 451 Center Street North | Rothsay, MN 56579 |
Fergus Falls Branch | 1114 North Union Avenue, Suite B | Fergus Falls, MN 56537 |