Merchants State Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.50%	5-year CD	3.10% - Barclays 60 Month Online CD
1.90%	1-year CD	2.75% - Barclays 12 Month Online CD
0.15%	Savings	2.20% - Barclays Online Savings Account

View all Merchants State Bank rates »

Overview / Commentary

www.msb-sd.com

605-925-4222

305 S. Main St
Freeman, SD 57029

Merchants State Bank is headquartered in Freeman and is the 33^rd largest bank in the state of South Dakota. It is also the 3,130^th largest bank in the nation. It was established in 1899 and as of December of 2018, it had grown to 28 employees at 4 locations. Merchants State Bank's money market rates are 2X the national average, and it has an A health rating.

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Health

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #	1125
Year Established	1899
Employees	28
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	1.77%
Return on Equity - YTD	14.69%
Annual Interest Income	$8.0MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$176.5MM$158.9MM
Loans	Q4 2018vs Q4 2017	$133.3MM$116.8MM
Deposits	Q4 2018vs Q4 2017	$145.0MM$130.5MM
Equity Capital	Q4 2018vs Q4 2017	$21.0MM$19.3MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$1.5MM$1.4MM
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$2.1MM$2.2MM
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Merchants State Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.15%	$50	-	Traditional IRA Savings
2.15%	$50	-	Roth IRA
2.15%	$10	-	Coverdell Education
2.15%	$50	-	Simplified Employee Pension
0.15%	$10	-	Statement Savings

Merchants State Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%^*	$50k^*	-	Money Market Gold Account
OTHER TIERS: 0.20% → Up to $10k \| 0.40% → $10k - $25k \| 0.60% → $25k - $50k
0.40%	$2.5k	-	Money Market Savings Account

Merchants State Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$2.5k	-	Super NOW Account
0.10%	$1k	-	NOW Account

Merchants State Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
2.95%	$5k	-	37 Month CD Special
2.50%	$100	-	60 Month CD
2.40%	$100	-	48 Month CD
2.30%	$100	-	36 Month CD
2.24%	$100	-	30 Month CD
2.10%	$100	-	24 Month CD
2.00%	$100	-	18 Month CD
1.90%	$100	-	12 Month CD
1.01%	$100	-	6 Month CD
0.90%	$100	-	3 Month CD

Locations

Merchants State Bank Locations
Viborg Office Branch	105 North Main Street	Viborg, SD 57070
Irene Branch	207 West Main Street	Irene, SD 57037
Merchants State Bank	305 S. Main St	Freeman, SD 57029
Hurley Branch	308 Center Street	Hurley, SD 57036

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