Merchants State Bank

Merchants State Bank is headquartered in Freeman and is the 31^st largest bank in the state of South Dakota. It is also the 4,162^nd largest bank in the nation. It was established in 1899 and as of March of 2012, it had grown to 33 employees at 3 locations. Merchants State Bank's savings rates are 2X the national average, and it has a 4-star health rating.

Merchants State Bank Routing Number: 091402277

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Data for Q1 2012

Institution Statistics Merchants State Bank FDIC Certificate # 1125 BankRate Report View Year Established 1899 Employees 33 Primary Regulator FED Assets and Liabilities Assets $134.24 million Loans $76.74 million Deposits $117.41 million Equity Capital $12.44 million Loan Loss Allowance $1.14 million Unbacked Noncurrent Loans $1.48 million Real Estate Owned $679,000 Historic Data - March 2011 Assets $124.90 million Equity Capital $9.70 million Loan Loss Allowance $1.11 million Unbacked Noncurrent Loans $1.50 million Real Estate Owned $809,000 Profit Margin - Quarterly Net Interest Margin 4.25% Return on Assets 1.35% Return on Equity 15.18% Interest Income $1.66 million

Institution Health Overall Score: 4 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 Merchants State Bank had $2.16 million in non-current loans and owned real-estate with $13.58 million in equity and loan loss allowances on hand to cover it. This gives Merchants State Bank a Texas Ratio of 15.89% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Merchants State Bank decreased slightly from 21.36% as of March 31, 2011 to 15.89% as of March 31, 2012, resulting in a positive change of 25.59%.This indicates that the balance sheet and financial strength for Merchants State Bank has improved slightly in recent periods. Deposit Growth In the past year, Merchants State Bank has increased its total deposits by $7.39 million, resulting in 6.72% 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 Merchants State Bank has shown is excellent. 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. Merchants State Bank has $134.24 million in assets with $13.58 million in equity, resulting in a capitalization level of 10.12%, which is above average.

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