MN lenders / Community Bank
Farmers State Bank of Underwood
Community Bank · Underwood, MN · Underwood Bancshares Inc
- Total assets
- $112.0M
- CRE loan book
- $23.4M
- QoQ CRE growth
- -5.2%
- Q1 2026
Observed rates
Book yield — real-estate loans
Implied yield on the existing real-estate loan book: 7.71% as of Q1 2026 — TX bank median 4.87% (2.84pp above median).
| Quarter | RE loan yield | All loans & leases |
|---|---|---|
| Q1 2026 | 7.71% | 7.65% |
| Q4 2025 | 8.29% | 8.20% |
| Q3 2025 | 8.23% | 8.22% |
| Q2 2025 | 8.30% | 8.21% |
| Q1 2025 | 7.98% | 7.88% |
| Q4 2024 | 8.24% | 8.30% |
| Q3 2024 | 8.00% | 8.20% |
| Q2 2024 | 7.75% | 7.75% |
What their existing real-estate book earns — an anchor for where new money gets priced. Source: FFIEC Call Reports.
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CRE book — quarterly trend (FFIEC Call Reports)
| Quarter | CRE loans | Construction | Multifamily | Concentration | Nonaccrual CRE |
|---|---|---|---|---|---|
| Q1 2026 | $23.4M | $3.8M | $352,000 | 179% | $0 |
| Q4 2025 | $24.7M | $4.9M | $254,000 | 195% | $0 |
| Q3 2025 | $19.9M | $5.3M | $256,000 | 147% | $0 |
| Q2 2025 | $19.6M | $5.3M | $257,000 | 151% | $0 |
| Q1 2025 | $17.7M | $5.1M | $259,000 | 134% | $0 |
| Q4 2024 | $18.4M | $5.3M | $260,000 | 136% | $0 |
| Q3 2024 | $19.0M | $6.0M | $606,000 | 144% | $0 |
| Q2 2024 | $19.6M | $6.4M | $509,000 | 153% | $0 |
Similar lenders
Other community banks we track with a comparable CRE book size.
- The First National Bank in TrinidadCommunity Bank · Trinidad · $23.4M CRE book
- The First State BankCommunity Bank · Abernathy · $23.5M CRE book
- Peoples Savings BankCommunity Bank · Wellsburg · $23.3M CRE book
- Farmers and Merchants Savings BankCommunity Bank · Iowa City · $23.3M CRE book
- First State Bank and Trust CompanyCommunity Bank · Carthage · $23.2M CRE book
Last updated Jul 3, 2026 · Sources: FFIEC CDR, county records, first-party conversations.