Farmers and Merchants State Bank
Plankinton, SD
IDRSSD: 601153
Total Assets
$162.94M
Latest filing
Total Deposits
$123.54M
Latest filing
Net Interest Margin
5.14%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
Farmers and Merchants State Bank
101 S Main St
Plankinton, SD 57368
Full Service - Brick and Mortar
Updated 11/14/2025Established 04/06/1910FDIC Certificate 362
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers and Merchants State Bank (Main) | 101 S Main St | Plankinton, SD |
| WHITE LAKE BRANCH | 121 S Main St | White Lake, SD |
Showing 1 of 1
Quarterly Trends
Tooltip shows Quarter only. Download buttons export the chart only (CSV/PNG with white background).
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 | 04/06/1910 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 57368 |
| State and County Number | 46003 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| 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 | N/A |
Operational Info
| Number of Employees | 20 |
| Domestic Offices | 2 |
| 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 | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.fmsbonline.com |
| Data Updated | 11/14/2025 |
| CERT | 501 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $162.94M |
| Total Deposits | $123.54M |
| Total Liabilities | $144.96M |
| Total Equity Capital | $17.98M |
| Net Income | $1.23M |
| Net Loans and Leases | $125.10M |
| Assets Per Employee ($Millions) | $9.58M |
| Bank Premises and Fixed Assets | $1.49M |
| Cash and Balances due from Depository Institutions | $3.07M |
| Deposits Held in Domestic Offices | $123.54M |
Key Performance Ratios
| Return on Assets (ROA) | 3.06% |
| Return on Equity (ROE) | 28.25% |
| Net Interest Margin | 5.14% |
| Efficiency Ratio | 38.15% |
| Tier 1 Risk-Based Capital Ratio | 13.012% |
| 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 | 11.034% |
| Earning Assets to total Assets | 94.1% |
Income and Expense
| Total Interest Income | $2.81M |
| Total Noninterest Income | $142.00k |
| Total Interest Expense | $851.00k |
| Total Noninterest Expense | $800.00k |
| Net Interest Income | $1.96M |
| Pre-tax Net Operating Income | $1.30M |
| 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 | $19.80M |
| Federal Funds Sold & Reverse Repurchase Agreement | $1.79M |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.62M |
| Total Liabilities and Capital | $162.94M |
Securities
| Securities | $23.71M |
| Available-for-sale debt securities | $23.71M |
| 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?
$162.94M as of the latest filing.
How much are Farmers and Merchants State Bank's total deposits?
$123.54M in total deposits.
Where is Farmers and Merchants State Bank located?
Plankinton, SD.
What is the Net Interest Margin?
5.14%.
How many domestic offices does it operate?
2.
When was it established?
04/06/1910.
What is the Return on Assets (ROA)?
3.06%.
How much are total loans and leases?
$125.10M (latest filing).
What is the total interest income (latest filing)?
$2.81M.