Farmers and Merchants State Bank

BankWinterset, Iowa
http://www.fmstate.bank

Total Assets

$267.6M

Total Deposits

$238.2M

Branches

4

Established

1938

TFS Health Grade

$
C+

77.5 / 100

Average financial health

How we grade

Farmers and Merchants State Bank is a bank headquartered in Winterset, Iowa, established in 1938. With $267.6M in total assets and 4 branch locations, it has a TFS Financial Health Grade of C+ (77.5/100).

Capital & Safety

Tier 1 Capital Ratio
10.33%(8%)
Total Capital Ratio
16.42%(10%)
Non-Performing Loan Ratio
0.00%

Profitability

Return on Assets (ROA)
1.24%(1%)
Return on Equity (ROE)
13.15%(10%)
Net Interest Margin
3.55%
Efficiency Ratio
54.79%(60%)

Lending & Liquidity

Total Loans
$164.9M
Loan-to-Deposit Ratio
68.55%
Net Charge-Off Ratio
0.02%

Growth

Asset Growth (YoY)
+3.03%
Deposit Growth (YoY)
+2.30%
Net Income
$3.2M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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