Farmers and Merchants State Bank
Overview / Commentary
Farmers and Merchants State Bank is headquartered in Plankinton and is the 37th largest bank in the state of South Dakota. It is also the 4,248th largest bank in the nation. It was established in 1910 and as of June of 2017, it had grown to 13 employees at 2 locations. Farmers and Merchants State Bank has an A+ health rating.
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Health
A+
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 501 |
| Year Established | 1910 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2% |
| Return on Equity - YTD | 18.7% |
| Annual Interest Income | $2.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $103.3MM$103.9MM |
| Loans | Q2 2017vs Q2 2016 | $87.0MM$94.7MM |
| Deposits | Q2 2017vs Q2 2016 | $89.0MM$93.2MM |
| Equity Capital | Q2 2017vs Q2 2016 | $11.1MM$10.4MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $1.7MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $411.00K$530.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
Rates
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Locations
| Farmers and Merchants State Bank Locations | ||
|---|---|---|
| Farmers and Merchants State Bank | 101 South Main Street | Plankinton, SD 57368 |
| White Lake Branch | 121 South Main Street | White Lake, SD 57383 |