Farmers State Bank of Underwood (FDIC certificate #10174) is based in Underwood, Minnesota. Its Q2 2026 call report shows $113.8M in total assets and $103.9M in deposits and 4 offices.
Farmers State Bank of Underwood has a TellerScore of 74 out of 100 (strong) based on Q2 2026 data — higher than 57% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 73rd. Loan quality contributes the most (99/100, 0.03%); capital cushion contributes the least (36/100, 8.62%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score rose 3 points (71 → 74), mostly because the earnings component improved by 20 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 53 |
| Q3 2024 | 68 |
| Q4 2024 | 70 |
| Q1 2025 | 71 |
| Q2 2025 | 71 |
| Q3 2025 | 72 |
| Q4 2025 | 73 |
| Q1 2026 | 73 |
| Q2 2026 | 74 |
Show as table
| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 7.81% |
| Q3 2024 | 8.05% |
| Q4 2024 | 8.21% |
| Q1 2025 | 8.38% |
| Q2 2025 | 8.39% |
| Q3 2025 | 8.47% |
| Q4 2025 | 8.69% |
| Q1 2026 | 8.81% |
| Q2 2026 | 8.62% |
Show as table
| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 1.42% |
| Q3 2024 | 0.11% |
| Q4 2024 | 0.03% |
| Q1 2025 | 0.01% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 0.24% |
| Q2 2026 | 0.03% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.06% |
| Q3 2024 | 1.13% |
| Q4 2024 | 1.21% |
| Q1 2025 | 1.19% |
| Q2 2025 | 1.17% |
| Q3 2025 | 1.36% |
| Q4 2025 | 1.49% |
| Q1 2026 | 1.67% |
| Q2 2026 | 1.66% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 74 | $113.8M | 8.62% | 0.03% | 1.66% | 81.5% |
| Q1 2026 | 73 | $112.0M | 8.81% | 0.24% | 1.67% | 78.4% |
| Q4 2025 | 73 | $113.5M | 8.69% | 0.00% | 1.49% | 85.7% |
| Q3 2025 | 72 | $110.1M | 8.47% | 0.00% | 1.36% | 79.3% |
| Q2 2025 | 71 | $108.4M | 8.39% | 0.00% | 1.17% | 78.9% |
| Q1 2025 | 71 | $104.4M | 8.38% | 0.01% | 1.19% | 79.7% |
| Q4 2024 | 70 | $106.2M | 8.21% | 0.03% | 1.21% | 80.0% |
| Q3 2024 | 68 | $106.8M | 8.05% | 0.11% | 1.13% | 79.9% |
| Q2 2024 | 53 | $107.4M | 7.81% | 1.42% | 1.06% | 83.3% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Security State Bank of AitkinBank Aitkin, MN | 56 out of 100, Moderate | $114.5M | 10.8% | 2.24% | vs |
| Rushford State Bank (Incorporated)Bank Rushford, MN | 54 out of 100, Below average | $114.7M | 7.0% | 0.93% | vs |
| Security State Bank of WanamingoBank Wanamingo, MN | 84 out of 100, Strong | $112.7M | 11.4% | 0.00% | vs |
| The First National Bank of ColeraineBank Coleraine, MN | 65 out of 100, Moderate | $112.0M | 7.6% | 0.00% | vs |
| First State Bank of Le CenterBank Le Center, MN | 76 out of 100, Strong | $110.4M | 11.1% | 0.81% | vs |
| Mid-Central National BankBank Wadena, MN | 77 out of 100, Strong | $117.1M | 14.9% | 0.76% | vs |
Deposit insurance
Is my money safe at Farmers State Bank of Underwood?
Yes. Farmers State Bank of Underwood is an FDIC-insured institution (FDIC certificate #10174). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 22.1% of deposits ($22.9M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 8.62%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.78% (benchmark: 10%).
4 locations
Branches
Farmers State Bank of Underwood lists 4 offices in 4 cities. Most locations:
- Dalton, MN (1)
- Fergus Falls, MN (1)
- Rothsay, MN (1)
- Underwood, MN (1)
Identity & history
Profile
- Legal name
- Farmers State Bank of Underwood
- Type
- State-chartered bank
- FDIC certificate #
- 10174
- RSSD ID
- 865852
- Primary regulator
- FDIC
- Holding company
- Underwood Bancshares Inc
- Established
- December 1, 1915
- Headquarters
- 110 Main St S, Underwood, MN 56586
- Website
- www.farmerstbank.com
- Employees
- 17
Quick answers
Farmers State Bank of Underwood: common questions
Is Farmers State Bank of Underwood FDIC insured?
Yes. Farmers State Bank of Underwood is an FDIC-insured institution (FDIC certificate #10174). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers State Bank of Underwood's TellerScore?
74 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Farmers State Bank of Underwood ever failed?
There is no failure record for FDIC certificate #10174 in the FDIC failed bank list.
How many branches does Farmers State Bank of Underwood have?
4 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Underwood
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Greater Community Credit UnionCredit union Dawson, MN | 91 out of 100, Very strong | $296.5M | 20.7% | 0.48% | vs |
| Eagle BankBank Glenwood, MN | 89 out of 100, Very strong | $226.9M | 14.3% | 0.58% | vs |
| Midwest BankBank Detroit Lakes, MN | 74 out of 100, Strong | $984.5M | 9.8% | 0.05% | vs |
| Northwestern Bank, National AssociationBank Dilworth, MN | 70 out of 100, Strong | $164.7M | 11.2% | 1.23% | vs |
| Viking Bank, National AssociationBank Alexandria, MN | 70 out of 100, Strong | $330.3M | 9.2% | 0.53% | vs |
| Minnesota National BankBank Sauk Centre, MN | 70 out of 100, Strong | $298.4M | 9.8% | 0.49% | vs |