Farmers and Merchants State Bank
Winterset, IA
IDRSSD: 145741
Total Assets
$267.56M
Latest filing
Total Deposits
$238.15M
Latest filing
Net Interest Margin
3.65%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Farmers and Merchants State Bank
101 W Jefferson St
Winterset, IA 50273
Full Service - Brick and Mortar
Updated 01/30/2026Established 08/11/1938FDIC Certificate 9893
Branches (3)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers and Merchants State Bank (Main) | 101 W Jefferson St | Winterset, IA |
| ORIENT BRANCH | 114 S Broad St | Orient, IA |
| ST CHARLES BRANCH | 317 E Main St | Saint Charles, IA |
| MOTOR BRANCH | 722 N 1st St | Winterset, IA |
Showing 3 of 3
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 08/11/1938 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 50273 |
| State and County Number | 19121 |
| Subchapter S Corporations | No |
| Trust Powers | Trust Powers Grandfathered |
| Federal Reserve ID Number | 07 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Des Moines-West Des Moines, IA |
Operational Info
| Number of Employees | 32 |
| Domestic Offices | 4 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 08/11/1938 |
| Primary Insurance Agency | DIF |
| Website | http://www.fmstate.bank |
| Data Updated | 01/30/2026 |
| CERT | 15610 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $267.56M |
| Total Deposits | $238.15M |
| Total Liabilities | $241.56M |
| Total Equity Capital | $26.00M |
| Net Income | $713.00k |
| Net Loans and Leases | $163.26M |
| Assets Per Employee ($Millions) | $9.23M |
| Bank Premises and Fixed Assets | $2.36M |
| Cash and Balances due from Depository Institutions | $26.91M |
| Deposits Held in Domestic Offices | $238.15M |
Key Performance Ratios
| Return on Assets (ROA) | 1.09% |
| Return on Equity (ROE) | 11.06% |
| Net Interest Margin | 3.65% |
| Efficiency Ratio | 56.24% |
| Tier 1 Risk-Based Capital Ratio | 15.51% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.26% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.718% |
| Earning Assets to total Assets | 94.96% |
Income and Expense
| Total Interest Income | $3.18M |
| Total Noninterest Income | $215.00k |
| Total Interest Expense | $884.00k |
| Total Noninterest Expense | $1.41M |
| Net Interest Income | $2.29M |
| Pre-tax Net Operating Income | $927.00k |
| Provision for Credit Losses | $170.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.35M |
| Federal Funds Purchased and Repurchased Agreement | $2.56M |
| All Other Liabilities | $851.00k |
| Total Liabilities and Capital | $267.56M |
Securities
| Securities | $69.96M |
| Available-for-sale debt securities | $69.96M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Farmers and Merchants State Bank?
$267.56M as of the latest filing.
How much are Farmers and Merchants State Bank's total deposits?
$238.15M in total deposits.
Where is Farmers and Merchants State Bank located?
Winterset, IA.
What is the Net Interest Margin?
3.65%.
How many domestic offices does it operate?
4.
When was it established?
08/11/1938.
What is the Return on Assets (ROA)?
1.09%.
How much are total loans and leases?
$163.26M (latest filing).
What is the total interest income (latest filing)?
$3.18M.