Underwood, MN
Bank Farmers State Bank of Underwood
Farmers State Bank of Underwood is a federally insured bank based in Underwood, Minnesota.
- Type
- Bank
- Charter
- State-chartered commercial bank, not a Federal Reserve member
- Primary regulator
- FDIC
- Established
- December 1, 1915
- Headquarters
- Underwood, MN
- FDIC certificate #
- 10174
- Fed RSSD ID
- 865852
- Holding company
- Underwood Bancshares Inc
- Website
- www.farmerstbank.com
$112M
Total assets Data as of Q1 2026
$102.5M
Total deposits Data as of Q1 2026
4
Branch locations Data as of Q1 2026
$472K
Net income Data as of Q1 2026
1.67%
Return on assets Data as of Q1 2026
Source: U.S. FDIC BankFind & NCUA 5300 Call Report (public data). Data sources · Data as of Q1 2026
Branches by state
Farmers State Bank of Underwood operates 4 branch locations in Minnesota. Select a state to drill down to its towns and individual branches.
Ownership
Farmers State Bank of Underwood is owned by Underwood Bancshares Inc. See the full ownership & merger history.
Farmers State Bank of Underwood financial summary
Other banks in Minnesota
Federally insured banks headquartered in Minnesota, by total assets.
- Ameriprise Bank, FSB $25.51B
- Bridgewater Bank $5.32B
- Frandsen Bank & Trust $3.69B
- Stearns Bank National Association $3.3B
- Minnwest Bank $2.97B
- Merchants Bank, National Association $2.93B
- Tradition Capital Bank $2.68B
- Think Mutual Bank $2.27B
Similar-size banks
Institutions close to Farmers State Bank of Underwood’s $112M in assets.
- Maynard Savings Bank $111.8M
- State Bank $112.2M
- Anna State Bank $112.3M
- Exchange State Bank $112.3M
- The Farmers State Bank of Brush $112.3M
- Legacy Bank $111.5M