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 3,889th largest bank in the nation. It was established in 1910 and as of March of 2019, it had grown to 15 employees at 2 locations. Farmers and Merchants State Bank has a C+ health rating.
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Health
C+
Data as of Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 501 |
| Year Established | 1910 |
| Employees | 15 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 9.17% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $113.2MM$109.1MM |
| Loans | Q1 2019vs Q1 2018 | $92.6MM$88.8MM |
| Deposits | Q1 2019vs Q1 2018 | $100.7MM$95.8MM |
| Equity Capital | Q1 2019vs Q1 2018 | $12.0MM$11.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $2.2MM$1.7MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $2.3MM$84.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $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 |