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Farmers And Merchants State Bank Of Springfield
Springfield, MN · FDIC Certificate #13382 · Chartered 01/0
Total assets
$139.77M
Total deposits
$120.66M
Total equity
$11.98M
Net loans
$87.39M
Branches (offices)
2
Net income (YTD)
$942.00K
Rank: #3,381 of 4,213 U.S. banks by assets · #141 of 221 in Minnesota. Assets changed 5.2% and deposits 6.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.34% |
| Return on equity | 15.46% |
| Net interest margin (YTD) | 4.12% |
| Equity to assets | 8.57% |
| Tier 1 leverage ratio | 8.70% |
| Uninsured deposits (share of deposits) | 19.2% |
| Noncurrent loans (share of loans) | 4.48% |
| Net charge-offs (share of loans) | -0.01% |
| Loans to deposits | 72.4% |
| Real estate loans (share of loans) | 55.3% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $48.31M | 55.3% | |
| Commercial & industrial | $5.60M | 6.4% | |
| Consumer / individual | $1.36M | 1.6% | |
| Construction & development | $114.00K | 0.1% | |
| Agricultural | $33.67M | 38.5% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $140.44M | $125.21M | $347.00K | $8.30M |
| Jun 2023 | $137.46M | $120.93M | $935.00K | $8.73M |
| Jun 2024 | $135.09M | $119.22M | $753.00K | $10.28M |
| Jun 2025 | $132.85M | $113.50M | $1.13M | $11.91M |
| Jun 2026 | $139.77M | $120.66M | $942.00K | $11.98M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $120.66M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $120.66M.
Similar-sized banks
First State Bank Of Brownsboro ($139.86M) · The Farmers Bank ($139.62M)
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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