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 200th largest bank in the state of Minnesota. It is also the 4,570th largest bank in the nation. It was established in 1915 and as of December of 2018, it had grown to 15 employees at 3 locations. Farmers State Bank of Underwood has a B+ health rating.

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Health
B+
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

Overall
FDIC Certificate #10174
Year Established1915
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD17.75%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$71.5MM$66.1MM
LoansQ4 2018vs Q4 2017$51.5MM$49.5MM
DepositsQ4 2018vs Q4 2017$64.1MM$59.3MM
Equity CapitalQ4 2018vs Q4 2017$6.5MM$6.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$713.00K$636.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$550.00K$1.1MM
Real Estate OwnedQ4 2018vs Q4 2017$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
2.00%*-$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

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