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Overview / Commentary
218-826-6112
110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in Underwood and is the 222nd largest bank in the state of Minnesota. It is also the 5,071st largest bank in the nation. It was established in 1915 and as of September of 2016, it had grown to 14 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
Employees14
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.59%
Return on Equity - YTD18.33%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$65.1MM$60.6MM
LoansQ3 2016vs Q3 2015$47.0MM$45.7MM
DepositsQ3 2016vs Q3 2015$59.3MM$52.2MM
Equity CapitalQ3 2016vs Q3 2015$5.6MM$5.3MM
Loan Loss AllowanceQ3 2016vs Q3 2015$543.00K$545.00K
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$63.00K$1.1MM
Real Estate OwnedQ3 2016vs Q3 2015$0$0
Rates
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Farmers State Bank of Underwood Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--Kasasa Saver

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 Branch119 2nd Street SwRothsay, MN 56579