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Farmers and Merchants Savings Bank

Overview / Commentary
201 West Main Street
Waukon, IA 52172

Farmers and Merchants Savings Bank is headquartered in Waukon and is the 146th largest bank in the state of Iowa. It is also the 3,317th largest bank in the nation. It was established in 1925 and as of March of 2019, it had grown to 28 employees at 2 locations. Farmers and Merchants Savings Bank's money market rates are 93% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #255
Year Established1925
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD9.86%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$158.1MM$160.7MM
LoansQ1 2019vs Q1 2018$117.7MM$111.8MM
DepositsQ1 2019vs Q1 2018$118.7MM$124.9MM
Equity CapitalQ1 2019vs Q1 2018$24.7MM$21.0MM
Loan Loss AllowanceQ1 2019vs Q1 2018$1.2MM$2.0MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$10.00K$123.00K
Real Estate OwnedQ1 2019vs Q1 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Farmers and Merchants Savings Bank Savings Account Rates

1.76%*$10k*-FMSB HSA Checking
OTHER TIERS: 0.15% Up to $500 | 0.30% $500 - $10k

Farmers and Merchants Savings Bank Money Market Rates

0.85%*$50k*-FMSB Money Market
OTHER TIERS: 0.20% Up to $5k | 0.50% $5k - $25k | 0.75% $25k - $50k

Farmers and Merchants Savings Bank IRA Rates

2.53%*$100k*-IRA Account
OTHER TIERS: 1.77% $1k - $25k | 2.28% $25k - $100k
OTHER TIERS: 1.77% $1k - $25k | 2.28% $25k - $100k
1.82%*$100k*-Variable Rate IRA
OTHER TIERS: 0.75% $1k - $25k | 1.51% $25k - $100k

Farmers and Merchants Savings Bank Locations
Wal-Mart Branch1798 Old Stage RoadDecorah, IA 52101
Farmers and Merchants Savings Bank201 West Main StreetWaukon, IA 52172

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