2. Farmers and Merchants State Bank (IA)

Farmers and Merchants State Bank (IA)


Overview / Commentary
www.fmstate.bank
515-462-4242
101 West Jefferson
Winterset, IA 50273

Farmers and Merchants State Bank (IA) is headquartered in Winterset and is the 111th largest bank in the state of Iowa. It is also the 2,891st largest bank in the nation. It was established in 1938 and as of June of 2019, it had grown to 35 employees at 4 locations. Farmers and Merchants State Bank (IA)'s CD rates are 11% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #15610
Year Established1938
Employees35
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.11%
Return on Equity - YTD11.43%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$198.2MM$186.5MM
LoansQ2 2019vs Q2 2018$118.2MM$110.6MM
DepositsQ2 2019vs Q2 2018$173.8MM$163.5MM
Equity CapitalQ2 2019vs Q2 2018$19.6MM$18.0MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.2MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$62.00K$59.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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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 State Bank (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Money Tree Savings
0.20%*$5k*-Savings Account
OTHER TIERS: 0.15% → Up to $5k
0.20%*$5k*-Christmas Club
OTHER TIERS: 0.15% → Up to $5k
0.20%*$5k*-Business Savings Account
OTHER TIERS: 0.15% → Up to $5k

Farmers and Merchants State Bank (IA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$25k*-Money Market Savings
OTHER TIERS: 0.20% → Up to $5k | 0.25% → $5k - $25k
0.30%*$25k*-Business Money Market Savings
OTHER TIERS: 0.20% → Up to $5k | 0.25% → $5k - $25k

Farmers and Merchants State Bank (IA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Now Account

Farmers and Merchants State Bank (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%$1k-60 Month CD
1.85%$1k-48 Month CD
1.75%$250-36 Month Money Tree CD
1.75%$1k-36 Month CD
1.55%$1k-24 Month CD
1.25%$1k-18 Month CD
1.00%$1k-12 Month CD
0.75%$1k-6 Month CD

Farmers and Merchants State Bank (IA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month IRA
0.75%$10-18 Month IRA
0.60%$25-12 Month Roth IRA
0.60%$25-12 Month CESA
Locations


Farmers and Merchants State Bank (IA) Locations
Farmers and Merchants State Bank101 West JeffersonWinterset, 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

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.