Overview / Commentary
Farmers State Bank of Underwood is headquartered in Underwood and is the 196th largest bank in the state of Minnesota. It is also the 4,362nd largest bank in the nation. It was established in 1915 and as of March of 2020, it had grown to 15 employees at 3 locations. Farmers State Bank of Underwood has a B health rating.
Health
B
Data as of Q1 2020
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 | 1.35% |
| Return on Equity - YTD | 13.88% |
| Annual Interest Income | $989.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $72.9MM$70.3MM |
| Loans | Q1 2020vs Q1 2019 | $53.6MM$50.6MM |
| Deposits | Q1 2020vs Q1 2019 | $61.8MM$62.0MM |
| Equity Capital | Q1 2020vs Q1 2019 | $7.0MM$6.5MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $800.00K$700.00K |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $719.00K$221.00K |
| Real Estate Owned | Q1 2020vs Q1 2019 | $95.00K$0 |