Merchants State Bank

Overview / Commentary
305 S. Main St
Freeman, SD 57029

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.


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


Health Grade Components

FDIC Certificate #1125
Year Established1899
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.46%
Return on Equity - YTD13.17%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$223.8MM$215.1MM
LoansQ2 2022vs Q2 2021$127.6MM$117.7MM
DepositsQ2 2022vs Q2 2021$198.8MM$181.4MM
Equity CapitalQ2 2022vs Q2 2021$21.6MM$27.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.6MM$1.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$164.00K$451.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0

Rates for Merchants State Bank are currently being reviewed.


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.