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Farmers State Bank of Underwood


Overview / Commentary
www.farmersstbank.com
218-826-6112
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 175th largest bank in the state of Minnesota. It is also the 3,959th largest bank in the nation. It was established in 1915 and as of June of 2022, it had grown to 21 employees at 4 locations. Farmers State Bank of Underwood has an A health rating.

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Health
A

Data as of Q2 2022

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Health Grade Components

Overall
FDIC Certificate #10174
Year Established1915
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD11.14%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$103.2MM$93.9MM
LoansQ2 2022vs Q2 2021$70.8MM$63.4MM
DepositsQ2 2022vs Q2 2021$94.0MM$83.2MM
Equity CapitalQ2 2022vs Q2 2021$5.6MM$7.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$921.00K$904.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$36.00K$0
Real Estate OwnedQ2 2022vs Q2 2021$0$220.00K
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
1.25%*-$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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