What is Farmers and Merchants State Bank's financial health grade?

Farmers and Merchants State Bank has a TFS Financial Health Grade of B- (score: 80.7/100). This grade is based on capital adequacy, asset quality, earnings, and consumer protection metrics.

How many branches does Farmers and Merchants State Bank have?

Farmers and Merchants State Bank has 2 branch locations across the United States.

Is Farmers and Merchants State Bank FDIC insured?

Yes, Farmers and Merchants State Bank is FDIC insured (Certificate #501).

What are the total assets of Farmers and Merchants State Bank?

Farmers and Merchants State Bank has total assets of $181.8M as reported in its most recent FDIC filing.

Farmers and Merchants State Bank

BankPlankinton, South Dakota

www.fmsbonline.com

Total Assets

$181.8M

Total Deposits

$153.1M

Branches

Established

1910

TFS Health Grade

B-

80.7 / 100

Good financial health

How we grade

Farmers and Merchants State Bank is a bank headquartered in Plankinton, South Dakota, established in 1910. With $181.8M in total assets and 2 branch locations, it has a TFS Financial Health Grade of B- (80.7/100).

Capital & Safety

Tier 1 Capital Ratio

10.48%(8%)

Total Capital Ratio

12.44%(10%)

Non-Performing Loan Ratio

0.57%

Profitability

Return on Assets (ROA)

2.66%(1%)

Return on Equity (ROE)

26.23%(10%)

Net Interest Margin

4.95%

Efficiency Ratio

39.64%(60%)

Lending & Liquidity

Total Loans

$144.2M

Loan-to-Deposit Ratio

93.07%

Net Charge-Off Ratio

0.03%

Growth

Asset Growth (YoY)

+13.35%

Deposit Growth (YoY)

+10.36%

Net Income

$4.4M

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.

Branch	Address	City	State	Type
Farmers and Merchants State BankHQ	101 S Main St	Plankinton	SD	11
Farmers and Merchants State Bank	121 S Main St	White Lake	SD	11

Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.