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 169th largest bank in the state of Minnesota. It is also the 3,841st largest bank in the nation. It was established in 1915 and as of September of 2023, it had grown to 21 employees at 4 locations. Farmers State Bank of Underwood has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #10174
Year Established1915
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD19.54%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$102.8MM$99.5MM
LoansQ3 2023vs Q3 2022$72.9MM$70.2MM
DepositsQ3 2023vs Q3 2022$90.8MM$90.8MM
Equity CapitalQ3 2023vs Q3 2022$5.8MM$5MM
Loan Loss AllowanceQ3 2023vs Q3 2022$984K$936K
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$104K$0
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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* 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

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

Farmers State Bank of Underwood Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%*-$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
Fergus Falls Branch1114 North Union Avenue, Suite BFergus Falls, MN 56537

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