Merchants State Bank is headquartered in Freeman and is the 32nd largest bank in the state of South Dakota. It is also the 2,928th largest bank in the nation. It was established in 1899 and as of June of 2022, it had grown to 31 employees at 4 locations. Merchants State Bank has an A+ health rating.
Overall | |
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FDIC Certificate # | 1125 |
Year Established | 1899 |
Employees | 31 |
Primary Regulator | FED |
Profit Margin | |
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Return on Assets - YTD | 1.46% |
Return on Equity - YTD | 13.17% |
Annual Interest Income | $3.8MM |
Assets and Liabilities | ||
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Assets | Q2 2022vs Q2 2021 | $223.8MM$215.1MM |
Loans | Q2 2022vs Q2 2021 | $127.6MM$117.7MM |
Deposits | Q2 2022vs Q2 2021 | $198.8MM$181.4MM |
Equity Capital | Q2 2022vs Q2 2021 | $21.6MM$27.1MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.6MM$1.8MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $164.00K$451.00K |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |
Rates for Merchants State Bank are currently being reviewed.
Merchants State Bank Locations | ||
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Viborg Office Branch | 201 N. Main St. | 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 |