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Farmers And Merchants State Bank
Plankinton, SD · FDIC Certificate #501 · Chartered 04/0
Total assets
$180.44M
Total deposits
$137.27M
Total equity
$18.60M
Net loans
$146.14M
Branches (offices)
2
Net income (YTD)
$2.19M
Rank: #3,114 of 4,213 U.S. banks by assets · #36 of 56 in South Dakota. Assets changed 13.5% and deposits 9.4% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 2.46% |
| Return on equity | 24.31% |
| Net interest margin (YTD) | 4.94% |
| Equity to assets | 10.31% |
| Tier 1 leverage ratio | 11.02% |
| Uninsured deposits (share of deposits) | 21.4% |
| Noncurrent loans (share of loans) | 0.76% |
| Net charge-offs (share of loans) | 0.08% |
| Loans to deposits | 106.5% |
| Real estate loans (share of loans) | 22.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $33.39M | 22.8% | |
| Commercial & industrial | $20.16M | 13.8% | |
| Consumer / individual | $5.80M | 4.0% | |
| Construction & development | $1.42M | 1.0% | |
| Agricultural | $88.55M | 60.6% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $133.26M | $120.42M | $1.36M | $12.15M |
| Jun 2023 | $138.65M | $124.33M | $1.64M | $12.54M |
| Jun 2024 | $152.23M | $121.87M | $1.58M | $14.56M |
| Jun 2025 | $158.97M | $125.48M | $2.24M | $16.94M |
| Jun 2026 | $180.44M | $137.27M | $2.19M | $18.60M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| South Dakota | $137.27M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $137.27M.
Similar-sized banks
The Farmers State Bank ($180.48M) · Feliciana Bank & Trust Company ($180.40M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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