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Farmers State Bank of Underwood
✓ FDIC-insured · Active FDIC Certificate #10174
Farmers State Bank of Underwood is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Underwood, Minnesota, established in 1915. As of the 06/30/2026 FDIC call report, it reported $114M in total assets and $104M in deposits. FDIC location data lists 4 offices in Minnesota. The FDIC classifies it as a community bank. It is owned by the holding company UNDERWOOD BANCSHARES INC (Underwood, MN).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 4 of Farmers State Bank of Underwood's FDIC-listed offices are in Minnesota. Browse banks in Underwood for other local options.
Branch locations
| Farmers State Bank of Underwood Dalton Branch · Full Service - Retail | 105 W Main St Dalton, MN 56324 Map ↗ |
| Farmers State Bank of Underwood Rothsay Branch · Full Service - Brick And Mortar | 451 Center St N Rothsay, MN 56579 Map ↗ |
| Farmers State Bank of Underwood Fergus Falls Branch · Full Service - Brick And Mortar | 1114 N Union Ave Fergus Falls, MN 56537 Map ↗ |
| Farmers State Bank of Underwood Farmers State Bank Of Underwood · Full Service - Brick And Mortar | 110 Main St S Underwood, MN 56586 Map ↗ |
Holding company: UNDERWOOD BANCSHARES INC
The FDIC lists UNDERWOOD BANCSHARES INC, based in Underwood, MN, as the top holding company for Farmers State Bank of Underwood. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Minnesota
Active FDIC-insured banks headquartered in Minnesota with total assets closest to Farmers State Bank of Underwood's $114M. See all banks in Minnesota.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Northwestern Bank, National Association | Dilworth | $165M | 6 |
| First Security Bank | Byron | $162M | 1 |
| First Southeast Bank | Harmony | $158M | 3 |
| Perennial Bank | Darwin | $158M | 4 |
| Prime Security Bank | Karlstad | $154M | 3 |
| State Bank of Fairmont | Fairmont | $154M | 1 |
| Lake Region Bank | New London | $153M | 3 |
| Security State Bank of Hibbing | Hibbing | $152M | 1 |
Farmers State Bank of Underwood: common questions
Is Farmers State Bank of Underwood FDIC-insured?
Yes. Farmers State Bank of Underwood is an active FDIC-insured institution, FDIC Certificate #10174. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Farmers State Bank of Underwood headquartered?
Farmers State Bank of Underwood is headquartered at 110 Main St S, Underwood, MN 56586, according to FDIC records.
How many branches does Farmers State Bank of Underwood have?
FDIC location data lists 4 offices for Farmers State Bank of Underwood, all in Minnesota.
Who owns Farmers State Bank of Underwood?
The FDIC lists UNDERWOOD BANCSHARES INC of Underwood, MN as the top holding company for Farmers State Bank of Underwood.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.