Farmers and Merchants State Bank


Overview / Commentary
605-942-7781
101 South Main Street
Plankinton, SD 57368

Farmers and Merchants State Bank is headquartered in Plankinton and is the 39th largest bank in the state of South Dakota. It is also the 3,835th largest bank in the nation. It was established in 1910 and as of September of 2019, it had grown to 15 employees at 2 locations. Farmers and Merchants State Bank has a B health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #501
Year Established1910
Employees15
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD16.05%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$113.7MM$112.7MM
LoansQ3 2019vs Q3 2018$94.3MM$94.9MM
DepositsQ3 2019vs Q3 2018$100.2MM$98.0MM
Equity CapitalQ3 2019vs Q3 2018$12.8MM$11.7MM
Loan Loss AllowanceQ3 2019vs Q3 2018$1.6MM$2.0MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.7MM$161.00K
Real Estate OwnedQ3 2019vs Q3 2018$0$0
Rates

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Locations


Farmers and Merchants State Bank Locations
Farmers and Merchants State Bank101 South Main StreetPlankinton, SD 57368
White Lake Branch121 South Main StreetWhite Lake, SD 57383

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