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Overview / Commentary
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 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
Additional 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 Established1910
Employees13
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.88%
Return on Equity - YTD17.62%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$99.0MM$102.0MM
LoansQ1 2017vs Q1 2016$86.1MM$92.0MM
DepositsQ1 2017vs Q1 2016$87.8MM$90.4MM
Equity CapitalQ1 2017vs Q1 2016$10.8MM$9.8MM
Loan Loss AllowanceQ1 2017vs Q1 2016$1.5MM$1.5MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$106.00K$231.00K
Real Estate OwnedQ1 2017vs Q1 2016$0$0
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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