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Main And Franklin Streets
Manchester, IA 52057

Farmers & Merchants Savings Bank is headquartered in Manchester and is the 38th largest bank in the state of Iowa. It is also the 1,773rd largest bank in the nation. It was established in 1925 and as of March of 2014, it had grown to 67 employees at 7 locations. Farmers & Merchants Savings Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Farmers & Merchants Savings Bank had $1.46 million in non-current loans and owned real-estate with $41.22 million in equity and loan loss allowances on hand to cover it. This gives Farmers & Merchants Savings Bank a Texas Ratio of 3.54% 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 & Merchants Savings Bank experienced no significant changes from 3.88% as of March 31, 2013 to 3.54% as of March 31, 2014, resulting in a positive change of 8.70%.This indicates that the balance sheet and financial strength for Farmers & Merchants Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Farmers & Merchants Savings Bank has increased its total deposits by $4.97 million, resulting in 1.63% 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 & Merchants Savings Bank has shown is above average.



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 & Merchants Savings Bank has $372.84 million in assets with $41.22 million in equity, resulting in a capitalization level of 11.05%, which is excellent.

Institution Statistics

FDIC Certificate #9298
Year Established1925
Primary RegulatorFED
Assets and Liabilities
Assets$372.84 million
Loans$321.59 million
Deposits$309.49 million
Equity Capital$35.60 million
Loan Loss Allowance$5.62 million
Unbacked Noncurrent Loans$774,000
Real Estate Owned$686,000
Historic Data - March 2013
Assets$352.53 million
Equity Capital$34.34 million
Loan Loss Allowance$4.43 million
Unbacked Noncurrent Loans$774,000
Real Estate Owned$665,000
Profit Margin - Quarterly
Net Interest Margin3.96%
Return on Assets1.3%
Return on Equity13.64%
Interest Income$3.96 million

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Farmers & Merchants Savings Bank Locations
Cedar Rapids Branch1st Avenue, N.E. At 40thCedar Rapids, IA 52401
Cedar Rapids Branch200 1st St SwCedar Rapids, IA 52404
Farmers & Merchants Savings Bank Branch220 West Main StreetAnamosa, IA 52205
Lino Lakes Branch7641 Lake DriveLino Lakes, MN 55014
Vadnais Heights Branch845 East County Road 32Vadnais Heights, MN 55127
Farmers & Merchants Savings BankMain and Franklin StreetsManchester, IA 52057
Branch Office111 East 1st StreetMonticello, IA 52310