Farmers and Merchants State Bank (IA) is headquartered in WINTERSET and is the 120th largest bank in the state of Iowa. It is also the 2,705th largest bank in the nation. It was established in 1938 and as of March of 2025, it had grown to 31 employees at 4 locations. Farmers and Merchants State Bank (IA)'s CD rates are 4X the national average, and it has an A health rating.
Overall | |
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FDIC Certificate # | 15610 |
Year Established | 1938 |
Employees | 31 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 1.21% |
Return on Equity - YTD | 13.55% |
Annual Interest Income | $3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $259.1MM$230.4MM |
Loans | Q1 2025vs Q1 2024 | $152.2MM$142.8MM |
Deposits | Q1 2025vs Q1 2024 | $230.9MM$204MM |
Equity Capital | Q1 2025vs Q1 2024 | $23.8MM$21.2MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.4MM$1.4MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $0$0 |
Real Estate Owned | Q1 2025vs Q1 2024 | $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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.10% | $1.5k | - | F&M Classic Plus |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
3.50% | $1k | - | 60 Month IRA | |
3.50% | $25 | - | 12 Month Roth IRA | |
3.50% | $1k | - | 60 Month Roth IRA | |
3.26% | $10 | - | 18 Month IRA |
Farmers and Merchants State Bank (IA) Locations | ||
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Farmers and Merchants State Bank | 101 W Jefferson St | Winterset, IA 50273 |
Orient Branch | 114 South Broad Street | Orient, IA 50858 |
St Charles Branch | 317 East Main Street | Saint Charles, IA 50240 |
Motor Branch | 722 North First Street | Winterset, IA 50273 |