Farmers And Merchants State Bank is a bank based in Plankinton, South Dakota, established in 1910, with $173 million in total assets across 2 branches. By Trust Grade it ranks 20th of 56 banks we track in South Dakota. Its capital ratio of 10.4% is stronger than 54% of similarly sized banks, versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 2.60% return on assets. No consumer complaints against Farmers And 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 Farmers And Merchants State Bank compares to South Dakota peers
How we graded Farmers And Merchants State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (10.4% capital ratio)
- Strongly profitable (ROA 2.60%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Farmers And Merchants State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 121 S Main St, White Lake, SD 57383
- 101 S Main St, Plankinton, SD 57368
Are deposits at Farmers And Merchants State Bank insured?
Yes. Farmers And Merchants State Bank is an FDIC-insured bank (FDIC certificate #501). 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: frequently asked questions
Is Farmers And Merchants State Bank a good bank?
Farmers And 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 (10.4% capital ratio); Strongly profitable (ROA 2.60%).
Is Farmers And Merchants State Bank FDIC-insured?
Yes. Farmers And Merchants State Bank is a FDIC-insured bank (FDIC certificate #501). 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?
Farmers And Merchants State Bank holds $173 million in total assets, ranking 20th of 56 banks we track in South Dakota. It operates 2 branches.
Does Farmers And Merchants State Bank have CFPB complaints?
No CFPB complaints against Farmers And 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.
