Farmers Stb of Underwood
Underwood, Minnesota · FDIC Cert #10174
Farmers Stb of Underwood is an FDIC-insured bank (Certificate #10174) with $107M in total assets and $94M in total deposits as of the Q2 2024 Call Report. Headquartered in Underwood, Minnesota, the bank maintains a Tier 1 capital ratio of 10.48% (Well-Capitalized) and a nonperforming loan ratio of 1.42%. BankHealthData assigns a composite Health Grade of B (69/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Farmers Stb of Underwood (FDIC cert 10174) is a community bank — $107M in total assets, $94M in deposits, serving the Underwood, Minnesota area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.48% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 1.42% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 22.8% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is solid: ROA of 1.20% sits at or near the 1% benchmark for healthy U.S. banks. Net interest income, fee income, and operating efficiency are all in workable shape. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Farmers Stb of Underwood carries a composite BankHealth grade of B (69/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Farmers Stb of Underwood
- Total Assets
- $107M
- Total Deposits
- $94M
- Tier 1 Capital Ratio
- 10.48%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.42%
- Liquidity Ratio
- 22.84%
- Return on Assets
- 1.20%
- Headquarters
- Underwood, Minnesota
- FDIC Certificate
- #10174
- Health Grade
- B (69/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Farmers Stb of Underwood holds a Tier 1 capital ratio of 10.48%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Farmers Stb of Underwood has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Farmers Stb of Underwood shows strong financial health indicators. With $107M in assets and a Health Score of 69/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Farmers Stb of Underwood Compares
Farmers Stb of Underwood’s Health Score of 69 is 4 points below the Minnesota state average of 73 across 225 FDIC-insured banks. Its 10.48% Tier 1 capital ratio is 3.5 points below the US banking industry average near 14%. The 1.42% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of 1.20% is in line with or above the national ROA benchmark of ~1.1%. Among 1142 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, Farmers Stb of Underwood is 1 points below the portfolio average of 70.
Frequently Asked Questions
Farmers Stb of Underwood has a Bank Health Score of B (69/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 10.48%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Farmers Stb of Underwood's Tier 1 capital ratio of 10.48% and nonperforming loan ratio of 1.42% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Farmers Stb of Underwood is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #10174). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Farmers Stb of Underwood holds $107M in total assets and $94M in total deposits. It is headquartered in Underwood, Minnesota (FDIC Certificate #10174).
Farmers Stb of Underwood has a Tier 1 capital ratio of 10.48%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.42%, and the return on assets is 1.20%.
Yes. Farmers Stb of Underwood is FDIC-insured (Certificate #10174). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Farmers Stb of Underwood's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.