Merchants State Bank is headquartered in FREEMAN and is the 34th largest bank in the state of South Dakota. It is also the 2,921st largest bank in the nation. It was established in 1899 and as of June of 2024, 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 | 1.67% |
Return on Equity - YTD | 13.48% |
Annual Interest Income | $6.1MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $217.9MM$215.7MM |
Loans | Q2 2024vs Q2 2023 | $142.2MM$131.9MM |
Deposits | Q2 2024vs Q2 2023 | $176.8MM$177.8MM |
Equity Capital | Q2 2024vs Q2 2023 | $27.4MM$24.2MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $1MM$982K |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $309K$515K |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
Sorry, we do not have rate data for Merchants State Bank.
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 |