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Overview / Commentary
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 220th largest bank in the state of Minnesota. It is also the 5,147th largest bank in the nation. It was established in 1915 and as of June of 2016, it had grown to 13 employees at 3 locations. Farmers State Bank of Underwood has a B+ health rating.


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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 - YTD1.37%
Return on Equity - YTD15.66%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$63.5MM$59.7MM
LoansQ2 2016vs Q2 2015$48.4MM$44.6MM
DepositsQ2 2016vs Q2 2015$58.0MM$52.9MM
Equity CapitalQ2 2016vs Q2 2015$5.4MM$5.1MM
Loan Loss AllowanceQ2 2016vs Q2 2015$583.00K$532.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$614.00K$649.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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Farmers State Bank of Underwood Savings Account Rates

0.50%--Kasasa Saver

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 Branch119 2nd Street SwRothsay, MN 56579