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Farmers State Bank Of Underwood
Underwood, MN · FDIC Certificate #10174 · Chartered 12/0
Total assets
$113.77M
Total deposits
$103.86M
Total equity
$8.99M
Net loans
$84.62M
Branches (offices)
4
Net income (YTD)
$941.00K
Rank: #3,580 of 4,213 U.S. banks by assets · #159 of 221 in Minnesota. Assets changed 4.9% and deposits 4.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.66% |
| Return on equity | 21.32% |
| Net interest margin (YTD) | 4.77% |
| Equity to assets | 7.90% |
| Tier 1 leverage ratio | 8.62% |
| Uninsured deposits (share of deposits) | 22.1% |
| Noncurrent loans (share of loans) | 0.03% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 81.5% |
| Real estate loans (share of loans) | 72.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $61.63M | 72.8% | |
| Commercial & industrial | $12.31M | 14.5% | |
| Consumer / individual | $2.40M | 2.8% | |
| Construction & development | $4.06M | 4.8% | |
| Agricultural | $9.33M | 11.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $103.24M | $94.00M | $350.00K | $5.57M |
| Jun 2023 | $100.43M | $89.47M | $526.00K | $5.80M |
| Jun 2024 | $107.37M | $94.08M | $564.00K | $6.66M |
| Jun 2025 | $108.41M | $99.67M | $622.00K | $7.75M |
| Jun 2026 | $113.77M | $103.86M | $941.00K | $8.99M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $103.86M | 4 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $103.86M.
Similar-sized banks
Monroe Savings Bank ($113.97M) · Great Nations Bank ($113.77M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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