1. Banks
  2. Merchants State Bank

Merchants State Bank


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 34th largest bank in the state of South Dakota. It is also the 3,096th largest bank in the nation. It was established in 1899 and as of December of 2019, it had grown to 29 employees at 4 locations. Merchants State Bank's money market rates are 36% higher than the national average, and it has a B+ health rating.

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #1125
Year Established1899
Employees29
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.73%
Return on Equity - YTD13.37%
Annual Interest Income$8.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$175.6MM$176.5MM
LoansQ4 2019vs Q4 2018$138.1MM$133.3MM
DepositsQ4 2019vs Q4 2018$141.3MM$145.0MM
Equity CapitalQ4 2019vs Q4 2018$23.6MM$21.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.6MM$1.5MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$2.6MM$2.1MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Merchants State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* 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
1.70%$50-Traditional IRA Savings
1.70%$50-Roth IRA
1.70%$10-Coverdell Education
1.70%$50-Simplified Employee Pension
0.15%$10-Statement Savings

Merchants State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Money Market Gold Account
OTHER TIERS: 0.20% → Up to $10k | 0.30% → $10k - $25k | 0.50% → $25k - $50k
0.30%$2.5k-Money Market Savings Account

Merchants State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$2.5k-Super NOW Account
0.10%$1k-NOW Account

Merchants State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$100-60 Month CD
1.45%$100-48 Month CD
1.35%$100-36 Month CD
1.25%$100-30 Month CD
1.15%$100-24 Month CD
1.05%$100-18 Month CD
0.75%$100-12 Month CD
0.60%$100-6 Month CD
0.50%$100-3 Month CD
Locations


Merchants State Bank Locations
Viborg Office Branch201 N. Main St.Viborg, SD 57070
Irene Branch207 West Main StreetIrene, SD 57037
Merchants State Bank305 S. Main StFreeman, SD 57029
Hurley Branch308 Center StreetHurley, SD 57036

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.