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Farmers and Merchants State Bank of Springfield

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
0.30%1-year CD1 Year CD
0.10%SavingsRegular Savings
0.75%3-year CD3 Year CD

Overview / Commentary
507-723-4800
101 North Marshall Avenue
Springfield, MN 56087

Farmers and Merchants State Bank of Springfield is headquartered in Springfield and is the 146th largest bank in the state of Minnesota. It is also the 4,202nd largest bank in the nation. It was established in 1918 and as of June of 2016, it had grown to 22 employees at 2 locations. Farmers and Merchants State Bank of Springfield has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #13382
Year Established1918
Employees22
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD8.82%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$111.3MM$114.2MM
LoansQ2 2016vs Q2 2015$74.1MM$75.9MM
DepositsQ2 2016vs Q2 2015$94.1MM$95.0MM
Equity CapitalQ2 2016vs Q2 2015$9.7MM$9.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$954.00K$1.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$17.00K$567.00K
Real Estate OwnedQ2 2016vs Q2 2015$504.00K$509.00K
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 of Springfield Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Health Savings
OTHER TIERS: 0.10% Up to $2,500 | 0.12% $2,500 - $10k | 0.15% $10k - $50k
0.10%$200-Regular Savings
0.10%--Money Beez Savings Club
0.10%$200-Business Regular Savings

Farmers and Merchants State Bank of Springfield Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Investment Money Market
OTHER TIERS: 0.10% Up to $2,500 | 0.12% $2,500 - $10k | 0.15% $10k - $50k
0.12%*$2,500*-Money Market Account
OTHER TIERS: 0.10% Up to $2,500
0.12%*$50k*-Business Investment Money Market
OTHER TIERS: 0.10% Up to $50k
0.12%*$5k*-Business Money Market
OTHER TIERS: 0.10% Up to $5k

Farmers and Merchants State Bank of Springfield Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Premier Checking
0.03%--NOW Checking
0.03%--Business NOW Checking

Farmers and Merchants State Bank of Springfield CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-3 Year CD
0.50%$500-2 Year CD
0.30%$500-1 Year CD
0.20%$2,500-6 Month CD
0.20%$2,500-6 Month Variable Rate CD
0.12%$2,500-3 Month CD
0.10%$2,500-30-90 Day CD

Farmers and Merchants State Bank of Springfield IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-18 Month Fixed Rate IRA CD
0.80%$500-18 Month Variable Rate IRA CD
Locations


Farmers and Merchants State Bank of Springfield Locations
Farmers and Merchants State Bank Of Springfield101 North Marshall AvenueSpringfield, MN 56087
Morgan Branch101 Vernon AvenueMorgan, MN 56266