Farmers State Bank of Underwood
Overview / Commentary
Farmers State Bank of Underwood is headquartered in Underwood and is the 220th largest bank in the state of Minnesota. It is also the 5,147th largest bank in the nation. It was established in 1915 and as of June of 2016, it had grown to 13 employees at 3 locations. Farmers State Bank of Underwood has a B+ health rating.
Health
B+
Data as of Q2 2016
Learn more about bank healthAdditional 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 | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.37% |
| Return on Equity - YTD | 15.66% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $63.5MM$59.7MM |
| Loans | Q2 2016vs Q2 2015 | $48.4MM$44.6MM |
| Deposits | Q2 2016vs Q2 2015 | $58.0MM$52.9MM |
| Equity Capital | Q2 2016vs Q2 2015 | $5.4MM$5.1MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $583.00K$532.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $614.00K$649.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Report an Issue
Always verify rates and promotions with the bank or credit union. We are not Farmers State Bank of Underwood; we are a rate comparison website and cannot provide official rates or promotions.
* 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% | - | - | Kasasa Saver |
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 | 119 2nd Street Sw | Rothsay, MN 56579 |