Where is Farmers State Bank of Underwood located?

Farmers State Bank of Underwood is located at 110 Main St, Underwood, MN 56586.

How can I contact Farmers State Bank of Underwood?

You can contact Farmers State Bank of Underwood by phone at (218) 826-6112.

Farmers State Bank of Underwood

About

Community bank offering personalized lending services including personal loans, auto loans, home equity loans, mortgage loans, land & construction loans, and agricultural loans for Underwood and surrounding Minnesota communities.

Reviews & Ratings

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SBA 7(a) Lending Analytics

SBA 7(a) Acquisition Loan Data As Of December 31, 2025

SBA Acquisition Loan Activity

Last 12 Months

0

Last 3 Years

1

YoY Growth

Data not available

Loan Size Distribution

As Of December 31, 2025

Median

$244K

Average

$244K

Sweet Spot

$0-$500K

Top Industries Served

Industries with highest loan volume

1

Septic Tank and Related Services

NAICS 562991|

#2 National

1

loans

$244K

avg. amount

1

Septic Tank and Related Services

NAICS 562991|

#2 National

Loans

1

Avg. Amount

$244K

Default Rate

10-Year Default Rate

0.0%

low

Percentile Ranking

Top 1%

0th percentile

Interest Rate Analysis

Variable Rate Distribution

Median: Prime + 1.50%Typical: Prime + 1.50% – 1.50%

Market Comparison

This Lender

Prime + 1.50%

Market Average

Prime + 1.88%

38 bps better market

Rate by Loan Size

Loan Size	Avg Rate
$0-$500K	Prime + 1.50%

Geographic Loan Distribution

As Of December 31, 2025 - States by loan volume (darker blue = higher volume)

Low

Medium

High

Very High