BranchWatch

Farmers State Bank of Underwood

Headquartered in Underwood, MN. Part of Underwood Bancshares, Inc. FDIC certificate #10174 · Federal Reserve RSSD 865852.

Total assets
$112M
Deposits
$103M
Q1 2026
Active branches
4
Closings since Jan 2020
0
1 openings since Jan 2020
All locations →Quarterly financials →

Financial snapshot — Q1 2026

All quarters →
Net income (quarter)
$472K
Return on assets
1.67%
Return on equity
21.58%
Noncurrent loan rate
0.24%

Deposits by year (Summary of Deposits)

0
2019
0
2020
0
2021
0
2022
0
2023
0
2024
0
2025

Values in $ billions, June 30 of each year.

Openings by year

1
2020

Other network changes since 2020

  • 1 branch relocations

Branches by state

Minnesota 4

All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.farmerstbank.com.