Farmers and Merchants State Bank
Overview / Commentary
Farmers and Merchants State Bank is headquartered in Plankinton and is the 36th largest bank in the state of South Dakota. It is also the 4,351st largest bank in the nation. It was established in 1910 and as of June of 2016, 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 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 501 |
| Year Established | 1910 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.09% |
| Return on Equity - YTD | 21.87% |
| Annual Interest Income | $2.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $103.9MM$98.2MM |
| Loans | Q2 2016vs Q2 2015 | $94.7MM$89.2MM |
| Deposits | Q2 2016vs Q2 2015 | $93.2MM$83.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $10.4MM$9.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.4MM$1.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $530.00K$515.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $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 |