Farmers State Bank of Underwood
Underwood, MN
IDRSSD: 865852
Total Assets
$113.51M
Latest filing
Total Deposits
$99.73M
Latest filing
Net Interest Margin
5.19%
Profitability
Key People
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Locations
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Main Office
Farmers State Bank of Underwood
110 Main St S
Underwood, MN 56586
Full Service - Brick and Mortar
Updated 01/30/2026Established 12/01/1915FDIC Certificate 6515
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers State Bank of Underwood (Main) | 110 Main St S | Underwood, MN |
| DALTON BRANCH | 105 W Main St | Dalton, MN |
| ROTHSAY BRANCH | 451 Center St N | Rothsay, MN |
| FERGUS FALLS BRANCH | 1114 N Union Ave | Fergus Falls, MN |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 12/01/1915 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56586 |
| State and County Number | 27111 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Fergus Falls, MN |
Operational Info
| Number of Employees | 19 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.farmerstbank.com |
| Data Updated | 01/30/2026 |
| CERT | 10174 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $113.51M |
| Total Deposits | $99.73M |
| Total Liabilities | $104.71M |
| Total Equity Capital | $8.80M |
| Net Income | $529.00k |
| Net Loans and Leases | $85.45M |
| Assets Per Employee ($Millions) | $5.97M |
| Bank Premises and Fixed Assets | $1.37M |
| Cash and Balances due from Depository Institutions | $11.20M |
| Deposits Held in Domestic Offices | $99.73M |
Key Performance Ratios
| Return on Assets (ROA) | 1.89% |
| Return on Equity (ROE) | 24.79% |
| Net Interest Margin | 5.19% |
| Efficiency Ratio | 63.58% |
| Tier 1 Risk-Based Capital Ratio | 11.429% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.11% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.754% |
| Earning Assets to total Assets | 91.24% |
Income and Expense
| Total Interest Income | $1.84M |
| Total Noninterest Income | $434.00k |
| Total Interest Expense | $525.00k |
| Total Noninterest Expense | $1.11M |
| Net Interest Income | $1.32M |
| Pre-tax Net Operating Income | $608.00k |
| Provision for Credit Losses | $30.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $400.00k |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $4.00M |
| All Other Liabilities | $581.00k |
| Total Liabilities and Capital | $113.51M |
Securities
| Securities | $12.43M |
| Available-for-sale debt securities | $12.31M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $111.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Farmers State Bank of Underwood?
$113.51M as of the latest filing.
How much are Farmers State Bank of Underwood's total deposits?
$99.73M in total deposits.
Where is Farmers State Bank of Underwood located?
Underwood, MN.
What is the Net Interest Margin?
5.19%.
How many domestic offices does it operate?
4.
When was it established?
12/01/1915.
What is the Return on Assets (ROA)?
1.89%.
How much are total loans and leases?
$85.45M (latest filing).
What is the total interest income (latest filing)?
$1.84M.