Farmers and Merchants State Bank of Springfield
Springfield, MN
IDRSSD: 770451
Total Assets
$135.71M
Latest filing
Total Deposits
$115.96M
Latest filing
Net Interest Margin
4.58%
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 | 01/01/1918 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56087 |
| State and County Number | 27015 |
| 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 | New Ulm, MN |
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 | 08/31/2022 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | https://www.fmb-ebank.com |
| Data Updated | 11/14/2025 |
| CERT | 13382 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $135.71M |
| Total Deposits | $115.96M |
| Total Liabilities | $123.36M |
| Total Equity Capital | $12.35M |
| Net Income | $562.00k |
| Net Loans and Leases | $86.51M |
| Assets Per Employee ($Millions) | $6.79M |
| Bank Premises and Fixed Assets | $1.57M |
| Cash and Balances due from Depository Institutions | $16.33M |
| Deposits Held in Domestic Offices | $115.96M |
Key Performance Ratios
| Return on Assets (ROA) | 1.67% |
| Return on Equity (ROE) | 18.53% |
| Net Interest Margin | 4.58% |
| Efficiency Ratio | 55.06% |
| Tier 1 Risk-Based Capital Ratio | 15.71% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.07% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.1% |
| Earning Assets to total Assets | 92.38% |
Income and Expense
| Total Interest Income | $1.81M |
| Total Noninterest Income | $56.00k |
| Total Interest Expense | $386.00k |
| Total Noninterest Expense | $816.00k |
| Net Interest Income | $1.43M |
| Pre-tax Net Operating Income | $642.00k |
| Provision for Credit Losses | $24.00k |
| 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 | $5.91M |
| Federal Funds Sold & Reverse Repurchase Agreement | $240.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.49M |
| Total Liabilities and Capital | $135.71M |
Securities
| Securities | $24.92M |
| Available-for-sale debt securities | $24.78M |
| 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 of Springfield?
$135.71M as of the latest filing.
How much are Farmers and Merchants State Bank of Springfield's total deposits?
$115.96M in total deposits.
Where is Farmers and Merchants State Bank of Springfield located?
Springfield, MN.
What is the Net Interest Margin?
4.58%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1918.
What is the Return on Assets (ROA)?
1.67%.
How much are total loans and leases?
$86.51M (latest filing).
What is the total interest income (latest filing)?
$1.81M.