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 Farmers State Bank of Underwood
Farmers State Bank of Underwood
| RSSD ID 865852 | CERTIFICATE 10174 | ABA NUMBER 91212687 |
| 110 Main St S |
Quarter Ended : |
2025-03-31 |
| Underwood, Minnesota, 56586 |
Updated : |
2025-04-16 |
| WWW.farmersstbank.com |
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| Institution Profile |
| Year Opened : |
1915 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
4 |
Number of Employees : |
19 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 104,372 |
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Total Interest Income | 1,651 |
| Total Liabilities | 96,857 |
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Total NonInterest Income | 81 |
| Total Bank Equity Capital | 7,515 |
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Total Interest Expense | 513 |
| Total Deposits | 94,780 |
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Total NonInterest Expense | 865 |
| Net Loans & Leases | 75,536 |
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Net Income | 314 |
| Loan Loss Allowance | 1,048 |
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Net Charge Offs | 1 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 9,650 |
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Total loans | 76,333 |
| Total assets for the leverage ratio | 104,058 |
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Loans secured by real estate: | 47,310 |
| Tier 1 Leverage Ratio | 8.38 |
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Commercial and industrial loans | 14,737 |
| Tier 1 Capital Ratio | 11.72 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.97 |
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Loans to individuals - Other | 2,542 |
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:· Farmers State Bank of Underwood
