Overview / Commentary
201 West Main Street
Waukon, IA 52172

Farmers and Merchants Savings Bank is headquartered in Waukon and is the 141st largest bank in the state of Iowa. It is also the 3,351st largest bank in the nation. It was established in 1925 and as of March of 2018, it had grown to 28 employees at 2 locations. Farmers and Merchants Savings Bank's CD rates are 56% 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 - YTD2.33%
Return on Equity - YTD18.01%
Annual Interest Income$1.8MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$160.7MM$154.1MM
LoansQ1 2018vs Q1 2017$111.8MM$102.0MM
DepositsQ1 2018vs Q1 2017$124.9MM$122.5MM
Equity CapitalQ1 2018vs Q1 2017$21.0MM$19.5MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.0MM$1.8MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$123.00K$1.0MM
Real Estate OwnedQ1 2018vs Q1 2017$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

1.26%*$10k*-FMSB HSA Checking
OTHER TIERS: 0.15% Up to $500 | 0.30% $500 - $10k

Farmers and Merchants Savings Bank Money Market Rates

0.60%*$50k*-FMSB Money Market
OTHER TIERS: 0.10% Up to $5k | 0.40% $5k - $25k | 0.50% $25k - $50k

Farmers and Merchants Savings Bank CD Rates

2.26%$500-60 Month CD
2.26%$500-27 Month CD
2.01%$500-48 Month CD
2.01%$500-14 Month CD
1.91%$500-36 Month CD
1.85%$500-10 Month CD
1.76%$500-24 Month CD
1.40%$500-12 Month CD
0.75%$500-6 Month CD
0.50%$500-3 Month CD

Farmers and Merchants Savings Bank IRA Rates

1.51%--12 Month Fixed Rate IRA
1.40%--12 Month Variable Rate IRA

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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