Farmers and Merchants State Bank (FDIC certificate #501) is based in Plankinton, South Dakota. Its Q2 2026 call report shows $180.4M in total assets and $137.3M in deposits and 2 offices.
Based on its Q2 2026 filing, Farmers and Merchants State Bank scores 73/100, which we describe as strong. That is higher than 53% of 2,650 banks with $100 million – $1 billion. Among 56 banks headquartered in South Dakota, it ranks 29th. Its strongest component is earnings (100/100; 2.46%), and its lowest is funding & liquidity (47/100; 106% loans-to-deposits, 21% uninsured).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 2 points (75 → 73), mostly because the capital cushion component weakened by 6 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 76 |
| Q3 2024 | 76 |
| Q4 2024 | 74 |
| Q1 2025 | 73 |
| Q2 2025 | 75 |
| Q3 2025 | 75 |
| Q4 2025 | 73 |
| Q1 2026 | 69 |
| Q2 2026 | 73 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 11.17% |
| Q3 2024 | 11.02% |
| Q4 2024 | 10.76% |
| Q1 2025 | 11.07% |
| Q2 2025 | 11.55% |
| Q3 2025 | 11.69% |
| Q4 2025 | 10.48% |
| Q1 2026 | 10.45% |
| Q2 2026 | 11.02% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.74% |
| Q3 2024 | 0.66% |
| Q4 2024 | 0.76% |
| Q1 2025 | 0.87% |
| Q2 2025 | 0.83% |
| Q3 2025 | 0.75% |
| Q4 2025 | 0.57% |
| Q1 2026 | 1.13% |
| Q2 2026 | 0.76% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 2.11% |
| Q3 2024 | 2.33% |
| Q4 2024 | 2.51% |
| Q1 2025 | 2.69% |
| Q2 2025 | 2.77% |
| Q3 2025 | 2.85% |
| Q4 2025 | 2.66% |
| Q1 2026 | 2.60% |
| Q2 2026 | 2.46% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 73 | $180.4M | 11.02% | 0.76% | 2.46% | 106.5% |
| Q1 2026 | 69 | $172.9M | 10.45% | 1.13% | 2.60% | 97.4% |
| Q4 2025 | 73 | $181.8M | 10.48% | 0.57% | 2.66% | 93.1% |
| Q3 2025 | 75 | $162.9M | 11.69% | 0.75% | 2.85% | 101.3% |
| Q2 2025 | 75 | $159.0M | 11.55% | 0.83% | 2.77% | 99.0% |
| Q1 2025 | 73 | $166.9M | 11.07% | 0.87% | 2.69% | 95.3% |
| Q4 2024 | 74 | $160.4M | 10.76% | 0.76% | 2.51% | 87.7% |
| Q3 2024 | 76 | $158.0M | 11.02% | 0.66% | 2.33% | 88.2% |
| Q2 2024 | 76 | $152.2M | 11.17% | 0.74% | 2.11% | 93.2% |
2,650 peers · $100 million – $1 billion
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in South Dakota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Heartland State BankBank Redfield, SD | 79 out of 100, Strong | $154.0M | 9.9% | 0.00% | vs |
| Citizens State Bank, of ArlingtonBank Arlington, SD | 82 out of 100, Strong | $153.2M | 11.7% | 0.00% | vs |
| Great Plains BankBank Eureka, SD | 65 out of 100, Moderate | $150.4M | 17.7% | 3.49% | vs |
| First State Bank of RoscoeBank Roscoe, SD | 92 out of 100, Very strong | $147.5M | 13.8% | 0.00% | vs |
| Merchants State BankBank Freeman, SD | 91 out of 100, Very strong | $219.6M | 17.3% | 0.32% | vs |
| Dnb National BankBank Clear Lake, SD | 79 out of 100, Strong | $124.1M | 8.9% | 0.00% | vs |
Deposit insurance
Is my money safe at Farmers and Merchants State Bank?
Yes. Farmers and Merchants State Bank is an FDIC-insured institution (FDIC certificate #501). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 21.4% of deposits ($29.3M) are above the $250,000 FDIC insurance limit, below the peer median of 24%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 11.02%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.96% (benchmark: 10%).
2 locations
Branches
Farmers and Merchants State Bank lists 2 offices in 2 cities. Most locations:
- Plankinton, SD (1)
- White Lake, SD (1)
Identity & history
Profile
- Legal name
- Farmers and Merchants State Bank
- Type
- State-chartered bank
- FDIC certificate #
- 501
- RSSD ID
- 601153
- Primary regulator
- FDIC
- Holding company
- Page Holding Co
- Established
- April 6, 1910
- Headquarters
- 101 S Main St, Plankinton, SD 57368
- Website
- www.fmsbonline.com
- Employees
- 16
Quick answers
Farmers and Merchants State Bank: common questions
Is Farmers and Merchants State Bank FDIC insured?
Yes. Farmers and Merchants State Bank is an FDIC-insured institution (FDIC certificate #501). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers and Merchants State Bank's TellerScore?
73 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Farmers and Merchants State Bank ever failed?
There is no failure record for FDIC certificate #501 in the FDIC failed bank list.
How many branches does Farmers and Merchants State Bank have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Plankinton
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| American Bank & TrustBank Sioux Falls, SD | 72 out of 100, Strong | $2.2B | 11.3% | 0.57% | vs |
| CorTrust Bank National AssociationBank Mitchell, SD | 62 out of 100, Moderate | $1.6B | 9.9% | 0.70% | vs |
| BMO Bank National AssociationBank Chicago, IL | 58 out of 100, Moderate | $255.0B | 11.3% | 0.92% | vs |