Farmers And Merchants State Bank Of Springfield is a bank based in Springfield, Minnesota, established in 1918, with $141 million in total assets across 2 branches. By Trust Grade it ranks 143rd of 224 banks we track in Minnesota. Its capital ratio of 8.4% trails most similarly sized banks (19th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.18% return on assets. No consumer complaints against Farmers And Merchants State Bank Of Springfield appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Farmers And Merchants State Bank Of Springfield compares to Minnesota peers
How we graded Farmers And Merchants State Bank Of Springfield
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.4% capital ratio)
- Strongly profitable (ROA 1.18%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Farmers And Merchants State Bank Of Springfield over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 101 Vernon Ave, Morgan, MN 56266
- 101 N Marshall Ave, Springfield, MN 56087
Are deposits at Farmers And Merchants State Bank Of Springfield insured?
Yes. Farmers And Merchants State Bank Of Springfield is an FDIC-insured bank (FDIC certificate #13382). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Farmers And Merchants State Bank Of Springfield: frequently asked questions
Is Farmers And Merchants State Bank Of Springfield a good bank?
Farmers And Merchants State Bank Of Springfield earns a Bankzia Trust Grade of A (92/100, "Excellent"), based on a financial-strength score of 92/100 (it has no CFPB complaints on record). Well-capitalized (8.4% capital ratio); Strongly profitable (ROA 1.18%).
Is Farmers And Merchants State Bank Of Springfield FDIC-insured?
Yes. Farmers And Merchants State Bank Of Springfield is a FDIC-insured bank (FDIC certificate #13382). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Farmers And Merchants State Bank Of Springfield?
Farmers And Merchants State Bank Of Springfield holds $141 million in total assets, ranking 143rd of 224 banks we track in Minnesota. It operates 2 branches.
Does Farmers And Merchants State Bank Of Springfield have CFPB complaints?
No CFPB complaints against Farmers And Merchants State Bank Of Springfield appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
