Farmers and Merchants State Bank of Springfield

Farmers and Merchants State Bank of Springfield is headquartered in Springfield and is the 154^th largest bank in the state of Minnesota. It is also the 4,699^th largest bank in the nation. It was established in 1918 and as of March of 2012, it had grown to 27 employees at 2 locations. Farmers and Merchants State Bank of Springfield has a 5-star health rating.

Farmers and Merchants State Bank of Springfield Checking Account Rates

Farmers and Merchants State Bank of Springfield Savings Account Rates

Farmers and Merchants State Bank of Springfield Money Market Rates

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Farmers and Merchants State Bank of Springfield IRA Rates

Data for Q1 2012

Institution Statistics Farmers and Merchants State Bank of Springfield FDIC Certificate # 13382 BankRate Report View Year Established 1918 Employees 27 Primary Regulator FDIC Assets and Liabilities Assets $111.00 million Loans $70.54 million Deposits $89.45 million Equity Capital $8.61 million Loan Loss Allowance $815,000 Unbacked Noncurrent Loans $11,000 Real Estate Owned $193,000 Historic Data - March 2011 Assets $107.85 million Equity Capital $8.52 million Loan Loss Allowance $770,000 Unbacked Noncurrent Loans $561,000 Real Estate Owned $24,000 Profit Margin - Quarterly Net Interest Margin 3.53% Return on Assets 0.71% Return on Equity 9.2% Interest Income $1.12 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmers and Merchants State Bank of Springfield had $204,000 in non-current loans and owned real-estate with $9.43 million in equity and loan loss allowances on hand to cover it. This gives Farmers and Merchants State Bank of Springfield a Texas Ratio of 2.16% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Farmers and Merchants State Bank of Springfield decreased significantly from 6.30% as of March 31, 2011 to 2.16% as of March 31, 2012, resulting in a positive change of 65.64%.This indicates that the balance sheet and financial strength for Farmers and Merchants State Bank of Springfield has improved significantly in recent periods. Deposit Growth In the past year, Farmers and Merchants State Bank of Springfield has increased its total deposits by $2.04 million, resulting in 2.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmers and Merchants State Bank of Springfield has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmers and Merchants State Bank of Springfield has $111 million in assets with $9.43 million in equity, resulting in a capitalization level of 8.49%, which is average.

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