Farmers State Bank of Underwood

Overview / Commentary
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 190th largest bank in the state of Minnesota. It is also the 4,240th largest bank in the nation. It was established in 1915 and as of December of 2020, it had grown to 19 employees at 4 locations. Farmers State Bank of Underwood has an A health rating.


No reviews have been left for this bank yet. Be the first to review.

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

FDIC Certificate #10174
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD12.84%
Annual Interest Income$4.1MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$84.7MM$73.0MM
LoansQ4 2020vs Q4 2019$63.4MM$53.1MM
DepositsQ4 2020vs Q4 2019$73.7MM$63.8MM
Equity CapitalQ4 2020vs Q4 2019$7.3MM$7.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$863.00K$788.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$48.00K$752.00K
Real Estate OwnedQ4 2020vs Q4 2019$263.00K$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank of Underwood; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers State Bank of Underwood Savings Account Rates

0.50%*-$15kKasasa Saver
OTHER TIERS: 0.25% $15k+

Farmers State Bank of Underwood Checking Account Rates

2.00%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+

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
Fergus Falls Branch204 W Cavour AveFergus Falls, MN 56537

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.