Overview / Commentary
201 West Main Street
Waukon, IA 52172

Farmers and Merchants Savings Bank is headquartered in Waukon and is the 142nd largest bank in the state of Iowa. It is also the 3,345th largest bank in the nation. It was established in 1925 and as of September of 2018, 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 a B+ health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #255
Year Established1925
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.58%
Return on Equity - YTD18.98%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$157.6MM$155.1MM
LoansQ3 2018vs Q3 2017$114.8MM$107.5MM
DepositsQ3 2018vs Q3 2017$119.6MM$121.6MM
Equity CapitalQ3 2018vs Q3 2017$22.9MM$21.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$1.3MM$1.9MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$416.00K$1.3MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Farmers and Merchants Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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 CD Rates

2.62%$500-27 Month CD
2.47%$500-14 Month CD
2.26%$500-60 Month CD
2.02%$500-3 Month CD
2.01%$500-6 Month CD
2.01%$500-48 Month CD
2.00%$500-10 Month CD
1.91%$500-36 Month CD
1.76%$500-24 Month CD
1.40%$500-12 Month CD

Farmers and Merchants Savings Bank IRA Rates

1.86%--12 Month Fixed Rate IRA
1.76%--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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.