Overview / Commentary
Farmers State Bank of Underwood is headquartered in Underwood and is the 196th largest bank in the state of Minnesota. It is also the 4,478th largest bank in the nation. It was established in 1915 and as of June of 2019, it had grown to 15 employees at 3 locations. Farmers State Bank of Underwood has a B+ health rating.
Health
B+
Data as of Q2 2019
Learn why bank health mattersAdditional 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
| Overall | |
|---|---|
| FDIC Certificate # | 10174 |
| Year Established | 1915 |
| Employees | 15 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 20.03% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $72.7MM$67.0MM |
| Loans | Q2 2019vs Q2 2018 | $51.6MM$50.9MM |
| Deposits | Q2 2019vs Q2 2018 | $64.3MM$60.1MM |
| Equity Capital | Q2 2019vs Q2 2018 | $6.7MM$5.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $720.00K$642.00K |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $292.00K$702.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $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.
Farmers State Bank of Underwood Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | - | $15k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
Farmers State Bank of Underwood Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $15k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
Locations
| Farmers State Bank of Underwood Locations | ||
|---|---|---|
| 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 |