Farmers State Bank of Underwood

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LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

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Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

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Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

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Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

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Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

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Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.yourfsb.bank

218-826-6112

110 Main St
Underwood, MN 56586

Farmers State Bank of Underwood is headquartered in UNDERWOOD and is the 166^th largest bank in the state of Minnesota. It is also the 3,772^nd largest bank in the nation. It was established in 1915 and as of March of 2025, it had grown to 19 employees at 4 locations. Farmers State Bank of Underwood has a B+ health rating.

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Health

B+

Data as of Q1 2025

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Health Grade Components

Overall
FDIC Certificate #	10174
Year Established	1915
Employees	19
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.19%
Return on Equity - YTD	16.88%
Annual Interest Income	$1.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$104.4MM$106.6MM
Loans	Q1 2025vs Q1 2024	$75.5MM$76.3MM
Deposits	Q1 2025vs Q1 2024	$94.8MM$94.5MM
Equity Capital	Q1 2025vs Q1 2024	$7.5MM$6.4MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$1MM$1MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$8K$902K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

Sorry, we do not have rate data for Farmers State Bank of Underwood.

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
Fergus Falls Branch	1114 North Union Avenue, Suite B	Fergus Falls, MN 56537

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