Overview / Commentary
Farmers State Bank of Underwood is headquartered in Underwood and is the 182nd largest bank in the state of Minnesota. It is also the 4,144th largest bank in the nation. It was established in 1915 and as of June of 2021, it had grown to 21 employees at 4 locations. Farmers State Bank of Underwood has a B+ health rating.
Health
B+
Data as of Q2 2021
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 | 21 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 6.63% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $93.9MM$81.2MM |
| Loans | Q2 2021vs Q2 2020 | $63.4MM$58.2MM |
| Deposits | Q2 2021vs Q2 2020 | $83.2MM$70.5MM |
| Equity Capital | Q2 2021vs Q2 2020 | $7.0MM$7.0MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $904.00K$827.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $0$633.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $220.00K$96.00K |