Branch Network
Farmers State Bank of Underwood Locations & Branches Underwood, Minnesota
BankRegReports is independent of Farmers State Bank of Underwood and never asks for online banking logins or passwords.
Farmers State Bank of Underwood operates 4 branches from its headquarters in Underwood, MN, . Its main office is at 110 Main St S, Underwood, MN 56586.
Farmers State Bank of Underwood branch network
All 4 branches are in MINNESOTA, across 4 cities. Its largest office by deposits is its main office in Underwood, MN, with $56.1M (54.0% of its branch deposits). It had the same number of branches on June 30, 2025.
Farmers State Bank of Underwood at a glance
Its CET1 capital ratio was 11.53% at Q2 2026, above regulatory requirements.
- Total assets, Q2 2026
- $113.8M
- CET1 ratio, Q2 2026
- 11.53%
- Deposit insurance
- FDIC
- Regulator
- FDIC
- Latest call report
- Q2 2026, FFIEC 051
- Established
- 1915
Full financial profile · Is Farmers State Bank of Underwood safe? · Farmers State Bank of Underwood Q3 2026 call report, filed October 23, 2026 (preliminary) · Routing number
Deposit market share
Share of all FDIC-insured deposits held in each area, from the June 30, 2026 Summary of Deposits. Rank 1 is the largest holder. Shares are by bank charter, not by holding company.
| Area | Rank | Deposit share | Deposits |
|---|---|---|---|
| City: Underwood, MN (1 branch) | 1 of 1 | 100.0% | $56.1M |
| State: MN (4 branches) | 192 of 277 | <0.1% | $103.9M |
Ranked by total assets among banks headquartered in the state: Largest banks in Minnesota.
Share by county and metro area
Farmers State Bank of Underwood's share of FDIC-insured deposits in the counties and metro areas where it has branches, from the June 30, 2026 Summary of Deposits. Up to the ten largest of each are shown, by the bank's deposits. Rank 1 is the largest holder. Banks only: credit unions are not in the Summary of Deposits.
Counties
| County | Rank | Deposit share | Deposits | County total |
|---|---|---|---|---|
| Otter Tail, MN (3 branches) | 8 of 18 | 4.4% | $89.5M | $2.03B |
| Wilkin, MN (1 branch) | 3 of 4 | 10.1% | $14.3M | $142.4M |
Metro areas
| Metro area | Rank | Deposit share | Deposits | Metro total |
|---|---|---|---|---|
| Fergus Falls, MN (3 branches) | 8 of 18 | 4.4% | $89.5M | $2.03B |
| Wahpeton, ND-MN (1 branch) | 9 of 10 | 1.7% | $14.3M | $862.9M |
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Farmers State Bank of Underwood (main office) | Underwood, MN | 56586 | $56.1M |
| Fergus Falls Branch | Fergus Falls, MN | 56537 | $26.3M |
| Rothsay Branch | Rothsay, MN | 56579 | $14.3M |
| Dalton Branch | Dalton, MN | 56324 | $7.1M |
Source: FDIC Summary of Deposits, June 30, 2026. How the survey works.
Regulator records: FDIC BankFind (cert 10174) · FFIEC NIC profile (RSSD 865852)