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Overview / Commentary
605-925-4222
305 S. Main St
Freeman, SD 57029

Merchants State Bank is headquartered in Freeman and is the 34th largest bank in the state of South Dakota. It is also the 3,311th largest bank in the nation. It was established in 1899 and as of March of 2018, it had grown to 30 employees at 4 locations. Merchants State Bank's CD rates are 17% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #1125
Year Established1899
Employees30
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.79%
Return on Equity - YTD14.89%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$163.5MM$153.6MM
LoansQ1 2018vs Q1 2017$122.3MM$105.9MM
DepositsQ1 2018vs Q1 2017$130.1MM$132.1MM
Equity CapitalQ1 2018vs Q1 2017$19.5MM$18.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.5MM$1.3MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$2.1MM$2.9MM
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Merchants State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.65%$50-Traditional IRA Savings
1.65%$50-Roth IRA
1.65%--Coverdell Education
1.65%$50-Simplified Employee Pension
0.15%--Statement Savings

Merchants State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$50k*-Money Market Gold Account
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $50k
0.10%$2,500-Money Market Savings Account

Merchants State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$2,500-Super NOW Account
0.05%$1k-NOW Account

Merchants State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$1k-60 Month CD Special
2.00%$100-48 Month CD
1.60%$100-36 Month CD
1.50%$100-30 Month CD
1.40%$100-24 Month CD
1.25%$100-18 Month CD
1.05%$100-12 Month CD
0.70%$100-6 Month CD
0.60%$100-3 Month CD
Locations


Merchants State Bank Locations
Viborg Office Branch105 North Main StreetViborg, SD 57070
Irene Branch207 West Main StreetIrene, SD 57037
Merchants State Bank305 S. Main StFreeman, SD 57029
Hurley Branch308 Center StreetHurley, SD 57036

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