Farmers and Merchants State Bank (IA)


Overview / Commentary
515-462-4242
101 West Jefferson
Winterset, IA 50273

Farmers and Merchants State Bank (IA) is headquartered in WINTERSET and is the 128th largest bank in the state of Iowa. It is also the 2,856th largest bank in the nation. It was established in 1938 and as of September of 2023, it had grown to 31 employees at 4 locations. Farmers and Merchants State Bank (IA) has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #15610
Year Established1938
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.18%
Return on Equity - YTD13.93%
Annual Interest Income$6.8MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$224.5MM$225.1MM
LoansQ3 2023vs Q3 2022$135MM$128MM
DepositsQ3 2023vs Q3 2022$193.9MM$201.6MM
Equity CapitalQ3 2023vs Q3 2022$19.2MM$17.7MM
Loan Loss AllowanceQ3 2023vs Q3 2022$1.4MM$1.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$0$60K
Real Estate OwnedQ3 2023vs Q3 2022$9K$0
Rates

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Locations


Farmers and Merchants State Bank (IA) Locations
Farmers and Merchants State Bank101 W Jefferson StWinterset, IA 50273
Orient Branch114 South Broad StreetOrient, IA 50858
St Charles Branch317 East Main StreetSaint Charles, IA 50240
Motor Branch722 North First StreetWinterset, IA 50273

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