Farmers and Merchants State Bank
Winterset, IA
IDRSSD: 145741
Total Assets
$257.16M
Latest filing
Total Deposits
$227.03M
Latest filing
Net Interest Margin
3.64%
Profitability
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 | 31 |
| 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 | 11/14/2025 |
| CERT | 15610 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $257.16M |
| Total Deposits | $227.03M |
| Total Liabilities | $231.60M |
| Total Equity Capital | $25.57M |
| Net Income | $905.00k |
| Net Loans and Leases | $162.29M |
| Assets Per Employee ($Millions) | $8.04M |
| Bank Premises and Fixed Assets | $1.98M |
| Cash and Balances due from Depository Institutions | $13.76M |
| Deposits Held in Domestic Offices | $227.03M |
Key Performance Ratios
| Return on Assets (ROA) | 1.4% |
| Return on Equity (ROE) | 14.43% |
| Net Interest Margin | 3.64% |
| Efficiency Ratio | 52.29% |
| Tier 1 Risk-Based Capital Ratio | 15.233% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.942% |
| Earning Assets to total Assets | 96.28% |
Income and Expense
| Total Interest Income | $3.17M |
| Total Noninterest Income | $185.00k |
| Total Interest Expense | $908.00k |
| Total Noninterest Expense | $1.28M |
| Net Interest Income | $2.26M |
| Pre-tax Net Operating Income | $1.17M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $3.60M |
| Federal Funds Purchased and Repurchased Agreement | $3.27M |
| All Other Liabilities | $1.29M |
| Total Liabilities and Capital | $257.16M |
Securities
| Securities | $71.26M |
| Available-for-sale debt securities | $71.26M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$257.16M as of the latest filing.
How much are Farmers and Merchants State Bank's total deposits?
$227.03M in total deposits.
Where is Farmers and Merchants State Bank located?
Winterset, IA.
What is the Net Interest Margin?
3.64%.
How many domestic offices does it operate?
4.
When was it established?
08/11/1938.
What is the Return on Assets (ROA)?
1.4%.
How much are total loans and leases?
$162.29M (latest filing).
What is the total interest income (latest filing)?
$3.17M.