Farmers and Merchants State Bank
Overview / Commentary
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 4,372nd largest bank in the nation. It was established in 1910 and as of March 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 Q1 2017
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Farmers and Merchants State Bank has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 501 |
| Year Established | 1910 |
| Employees | 13 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.88% |
| Return on Equity - YTD | 17.62% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $99.0MM$102.0MM |
| Loans | Q1 2017vs Q1 2016 | $86.1MM$92.0MM |
| Deposits | Q1 2017vs Q1 2016 | $87.8MM$90.4MM |
| Equity Capital | Q1 2017vs Q1 2016 | $10.8MM$9.8MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $1.5MM$1.5MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $106.00K$231.00K |
| Real Estate Owned | Q1 2017vs Q1 2016 | $0$0 |
Rates
Sorry, we do not have rate data for Farmers and Merchants State Bank.
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 |