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Overview / Commentary
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 219th largest bank in the state of Minnesota. It is also the 4,858th largest bank in the nation. It was established in 1915 and as of December of 2017, it had grown to 16 employees at 3 locations. Farmers State Bank of Underwood has a C+ health rating.


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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

FDIC Certificate #10174
Year Established1915
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD18.51%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$66.1MM$65.9MM
LoansQ4 2017vs Q4 2016$49.5MM$46.0MM
DepositsQ4 2017vs Q4 2016$59.3MM$60.0MM
Equity CapitalQ4 2017vs Q4 2016$6.1MM$5.8MM
Loan Loss AllowanceQ4 2017vs Q4 2016$636.00K$586.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$1.1MM$382.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$35.00K
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Farmers State Bank of Underwood Savings Account Rates

0.50%--Kasasa Saver

Farmers State Bank of Underwood Checking Account Rates

2.00%*-$15kKasasa Cash
OTHER TIERS: 0.25% $15k+

Farmers State Bank of Underwood Locations
Dalton Branch105 Main Street WestDalton, MN 56324
Farmers State Bank Of Underwood110 Main StUnderwood, MN 56586
Rothsay Branch119 2nd Street SwRothsay, MN 56579