Farmers and Merchants State Bank of Springfield
Springfield, MN
IDRSSD: 770451
Total Assets
$141.38M
Latest filing
Total Deposits
$121.52M
Latest filing
Net Interest Margin
4.55%
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 of Springfield
101 N Marshall Ave
Springfield, MN 56087
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1918FDIC Certificate 8432
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Farmers and Merchants State Bank of Springfield (Main) | 101 N Marshall Ave | Springfield, MN |
| MORGAN BRANCH | 101 Vernon Ave | Morgan, MN |
Showing 1 of 1
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 | 01/30/2026 |
| CERT | 13382 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $141.38M |
| Total Deposits | $121.52M |
| Total Liabilities | $128.62M |
| Total Equity Capital | $12.76M |
| Net Income | $518.00k |
| Net Loans and Leases | $90.80M |
| Assets Per Employee ($Millions) | $7.07M |
| Bank Premises and Fixed Assets | $1.56M |
| Cash and Balances due from Depository Institutions | $15.61M |
| Deposits Held in Domestic Offices | $121.52M |
Key Performance Ratios
| Return on Assets (ROA) | 1.5% |
| Return on Equity (ROE) | 16.5% |
| Net Interest Margin | 4.55% |
| Efficiency Ratio | 61.33% |
| Tier 1 Risk-Based Capital Ratio | 15.309% |
| 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 | 9.025% |
| Earning Assets to total Assets | 92.74% |
Income and Expense
| Total Interest Income | $1.90M |
| Total Noninterest Income | $104.00k |
| Total Interest Expense | $438.00k |
| Total Noninterest Expense | $958.00k |
| Net Interest Income | $1.46M |
| Pre-tax Net Operating Income | $580.00k |
| Provision for Credit Losses | $24.00k |
| 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 | $5.88M |
| Federal Funds Sold & Reverse Repurchase Agreement | $231.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.22M |
| Total Liabilities and Capital | $141.38M |
Securities
| Securities | $27.52M |
| Available-for-sale debt securities | $27.38M |
| 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 of Springfield?
$141.38M as of the latest filing.
How much are Farmers and Merchants State Bank of Springfield's total deposits?
$121.52M in total deposits.
Where is Farmers and Merchants State Bank of Springfield located?
Springfield, MN.
What is the Net Interest Margin?
4.55%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1918.
What is the Return on Assets (ROA)?
1.5%.
How much are total loans and leases?
$90.80M (latest filing).
What is the total interest income (latest filing)?
$1.90M.