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Farmers State Bank of Underwood

$100M-$1B Specialty: Commercial MN FDIC cert 10174

Underwood, MN

4 branches across MN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 151 in MN.
  • Deposits +4.2% year over year ($103.9M on the books).
  • Delinquency rate 0.03%.
  • Return on assets 1.66%.
  • Efficiency ratio 60.80% vs a 64.48% peer average.
  • Loan-to-deposit ratio 81.47% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 151 in MN
View $100M-$1B leaderboard (MN) →

Farmers State Bank of Underwood has 4 strengths but faces 2 concerns

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Credit Quality Leader: Top 7.6% in tier
  • + ROA 0.34% above tier average
  • + Net Interest Margin 0.79% above tier average
  • + Efficiency Ratio 3.68% below tier average

Key Concerns

Areas that may need attention

  • - Credit Quality Pressure: Bottom 6.5% in tier
  • - Credit Risk Growth: Bottom 27.7% in tier
Get updates when Farmers State Bank of Underwood releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Total Assets ? $113.8M
+4.9% YoY +1.6% QoQ
-$272.8M $386.6M
+1.2% YoY
$524.5M
+5.8% YoY
$6.3B
+7.7% YoY
Bottom 3.7% in tier
Total Loans ? $84.6M
+7.6% YoY +5.3% QoQ
-$173.7M $258.3M
+1.7% YoY
$300.2M
+7.3% YoY
$3.2B
+9.4% YoY
Bottom 12.3% in tier
Total Deposits ? $103.9M
+4.2% YoY +1.3% QoQ
-$222.9M $326.7M
+0.7% YoY
$452.1M
+5.5% YoY
$4.9B
+7.3% YoY
Bottom 6.5% in tier
Return on Assets ? 1.66%
+42.2% YoY -0.6% QoQ
+0.34% 1.32%
+10.8% YoY
1.26%
+17.2% YoY
1.30%
+12.1% YoY
74%
Net Interest Margin ? 4.77%
+0.2% YoY +0.0% QoQ
+0.79% 3.99%
+5.0% YoY
4.00%
+6.8% YoY
3.95%
+4.9% YoY
Top 12.5% in tier
Efficiency Ratio ? 60.80%
-14.1% YoY -4.1% QoQ
-3.68% 64.48%
-3.2% YoY
63.00%
-3.5% YoY
70.05%
+2.5% YoY
55%
Delinquency Rate ? 0.03%
-86.8% QoQ
-0.89% 0.92%
+15.7% YoY
1.01%
+19.3% YoY
0.98%
+16.3% YoY
82%
Loan-to-Deposit Ratio ? 81.47%
+3.3% YoY +3.9% QoQ
+3.52% 77.95%
+1.0% YoY
78.29%
-0.6% YoY
79.03%
+2.3% YoY
46%
Non-Interest-Bearing Deposit Share ? 21.17%
-2.2% YoY -5.0% QoQ
-0.86% 22.03%
-0.6% YoY
21.79%
+0.9% YoY
21.98%
-0.6% YoY
51%
Nonperforming Asset Ratio ? 0.02%
-86.3% QoQ
-0.65% 0.67%
+16.4% YoY
0.76%
+16.9% YoY
0.69%
+15.8% YoY
83%
Tier 1 Capital Ratio ? 11.53%
+3.5% YoY -1.0% QoQ
-4.38% 15.91%
+1.4% YoY
15.35%
-0.4% YoY
17.09%
+0.8% YoY
29%
Non-Interest Income / Assets ? 0.15%
-6.4% YoY +82.7% QoQ
-0.42% 0.57%
+7.6% YoY
0.31%
+3.9% YoY
0.66%
+5.2% YoY
34%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Noninterest-Bearing 21.2%
-0.5pp YoY
-1.1pp QoQ
 -1.0pp 22.1% 21.9% 22.2% 50%
Brokered Deposits n/a n/a 7.9% 8.3% 8.5% n/a

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
C&I 14.5%
-4.5pp YoY
+0.3pp QoQ
 +3.0pp 11.6% 14.6% 12.5% 74%
CRE 29.8%
+4.9pp YoY
+0.7pp QoQ
 -9.7pp 39.5% 36.5% 41.4% 34%
1-4 Family 33.0%
-0.7pp YoY
-1.6pp QoQ
 +0.4pp 32.6% 29.4% 31.3% 58%
Consumer 2.8%
-0.1pp YoY
+0.1pp QoQ
 -1.3pp 4.1% 4.5% 5.0% 58%

Capital

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
CET1 Ratio 11.5%
+0.4pp YoY
-0.1pp QoQ
 -7.3pp 18.8% 16.5% 19.7% 12%
Leverage Ratio 8.6%
+0.2pp YoY
-0.2pp QoQ
 -3.6pp 12.2% 11.0% 12.6% 7%
Total Capital Ratio 12.8%
+0.4pp YoY
-0.1pp QoQ
 -7.2pp 19.9% 17.6% 20.8% 14%

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Full-Time Employees 17
-2 (-10.5%) YoY
-2 (-10.5%) QoQ
 -42 58 55 482 7%
Assets per Employee ($) $6.7M
+17.3% YoY
+13.5% QoQ
 -$826K $7.5M $8.6M $8.8M 46%
Branch Count 4
0 YoY
0 QoQ
 -1 4 4 18 42%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
Past Due 90+ Days 0.0%
-0.2pp QoQ
 -0.3pp 0.3% 0.4% 0.4% 32%
Nonaccrual n/a n/a 0.9% 1.0% 1.0% n/a
Allowance Coverage 40.26x
+627.2% QoQ
 +16.11x 24.15x 20.41x 20.23x 93%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
 -0.1pp 0.1% 0.2% 0.2% 51%

Profitability

Metric Current vs Tier Tier Avg State Avg (MN) National Avg Tier Percentile
ROE 21.3%
+4.8pp YoY
-0.3pp QoQ
 +9.1pp 12.2% 13.1% 11.6% 91%
Cost of Funds (YTD) 2.0%
-0.1pp YoY
+0.1pp QoQ
 +0.3pp 1.7% 1.7% 1.7% 72%
Net Income ($, YTD) $941,000
+51.3% YoY
— QoQ
 -$1.6M $2.6M $4.5M $40.4M 25%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Credit Quality Leader

growth
#51 of 659 • Top 7.6% in tier

Best-in-class credit quality (delinquency in bottom 25% of peer group). Conservative underwriting paying off.

Why this signature
Delinquency Rate: 0.03%
(Tier: 0.92%, National: 0.98%)
better than tier avg
659 of 659 Community banks match · 920 nationally
→ Stable +1 banks QoQ

Concerns (2)

Credit Quality Pressure

risk
#82 of 1256 • Bottom 6.5% in tier

Delinquencies rising year-over-year. Credit risk is building - underwriting tools or reserves may need attention.

Why this signature
Delinquency Rate: 0.03%
(Tier: 0.92%, National: 0.98%)
better than tier avg
1256 of 1256 Community banks match · 1820 nationally
→ Stable -71 banks QoQ | QoQ rank improving

Credit Risk Growth

risk
#260 of 936 • Bottom 27.7% in tier

Loan portfolio growing while delinquencies are rising. Expansion with deteriorating credit quality needs attention.

936 of 936 Community banks match · 1401 nationally
→ Stable -58 banks QoQ | QoQ rank improving

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (3 metrics)

331
Net Interest Margin
profitability
Value: 4.77%
Peer Median: 3.99%
#331 of 2643 Top 12.5% in $100M-$1B
449
Nonperforming Asset Ratio
credit_quality
Value: 0.02%
Peer Median: 0.67%
#449 of 2643 Top 17.0% in $100M-$1B
477
Delinquency Rate
credit_quality
Value: 0.03%
Peer Median: 0.92%
#477 of 2633 Top 18.1% in $100M-$1B

Top Weaknesses (3 metrics)

2546
Total Assets
size
Value: $113.77M
Peer Median: $386.57M
#2546 of 2643 Bottom 3.7% in $100M-$1B
2473
Total Deposits
size
Value: $103.86M
Peer Median: $326.73M
#2473 of 2643 Bottom 6.5% in $100M-$1B
2319
Total Loans
size
Value: $84.62M
Peer Median: $258.35M
#2319 of 2643 Bottom 12.3% in $100M-$1B
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