Overview / Commentary
United Farmers State Bank is headquartered in Adams and is the 116th largest bank in the state of Minnesota. It is also the 3,164th largest bank in the nation. It was established in 1914 and as of June of 2022, it had grown to 20 employees at 3 locations. United Farmers State Bank has an A+ health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8821 |
| Year Established | 1914 |
| Employees | 20 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.57% |
| Return on Equity - YTD | 15.53% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $190.3MM$180.4MM |
| Loans | Q2 2022vs Q2 2021 | $146.1MM$123.5MM |
| Deposits | Q2 2022vs Q2 2021 | $171.8MM$150.9MM |
| Equity Capital | Q2 2022vs Q2 2021 | $18.0MM$20.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $2.8MM$2.6MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $33.00K$38.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |