Farmers State Bank of Underwood
Overview / Commentary
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.
Health
B+
Data as of Q4 2018
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 | 15 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.59% |
| Return on Equity - YTD | 17.75% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $71.5MM$66.1MM |
| Loans | Q4 2018vs Q4 2017 | $51.5MM$49.5MM |
| Deposits | Q4 2018vs Q4 2017 | $64.1MM$59.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $6.5MM$6.1MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $713.00K$636.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $550.00K$1.1MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | - | $15k | Kasasa Saver | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
Farmers State Bank of Underwood Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.00%* | - | $15k | Kasasa Cash | ||
| OTHER TIERS: 0.25% → $15k+ | |||||
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 |