Merchants State Bank is a bank based in Freeman, South Dakota, established in 1899, with $218 million in total assets across 4 branches. By Trust Grade it ranks 2nd of 56 banks we track in South Dakota. Its capital ratio of 15.5% is stronger than 91% of similarly sized banks, versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 1.63% return on assets. No consumer complaints against Merchants State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Merchants State Bank compares to South Dakota peers
How we graded Merchants State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (15.5% capital ratio)
- Strongly profitable (ROA 1.63%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Merchants State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (4)
- 606 Center Ave, Hurley, SD 57036
- 201 N Main St, Viborg, SD 57070
- 209 Main Street, Irene, SD 57037
- 305 S Main St, Freeman, SD 57029
Are deposits at Merchants State Bank insured?
Yes. Merchants State Bank is an FDIC-insured bank (FDIC certificate #1125). 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.
Merchants State Bank: frequently asked questions
Is Merchants State Bank a good bank?
Merchants State Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (15.5% capital ratio); Strongly profitable (ROA 1.63%).
Is Merchants State Bank FDIC-insured?
Yes. Merchants State Bank is a FDIC-insured bank (FDIC certificate #1125). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Merchants State Bank?
Merchants State Bank holds $218 million in total assets, ranking 2nd of 56 banks we track in South Dakota. It operates 4 branches.
Does Merchants State Bank have CFPB complaints?
No CFPB complaints against Merchants State Bank 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.
