Headquartered in Springfield, Minnesota, Farmers and Merchants State Bank of Springfield is a state-chartered bank with $139.8M in total assets and $120.7M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1918.
Farmers and Merchants State Bank of Springfield has a TellerScore of 42 out of 100 (below average) based on Q2 2026 data — higher than only 3% of its 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 214th. Funding & liquidity contributes the most (83/100, 72% loans-to-deposits, 19% uninsured); loan quality contributes the least (0/100, 4.48%).
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 33 points (75 → 42), mostly because the loan quality component weakened by 100 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 70 |
| Q3 2024 | 71 |
| Q4 2024 | 72 |
| Q1 2025 | 73 |
| Q2 2025 | 75 |
| Q3 2025 | 77 |
| Q4 2025 | 76 |
| Q1 2026 | 40 |
| Q2 2026 | 42 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 8.18% |
| Q3 2024 | 8.46% |
| Q4 2024 | 8.58% |
| Q1 2025 | 8.56% |
| Q2 2025 | 8.89% |
| Q3 2025 | 9.30% |
| Q4 2025 | 9.09% |
| Q1 2026 | 8.52% |
| Q2 2026 | 8.70% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 0.00% |
| Q3 2024 | 0.00% |
| Q4 2024 | 0.00% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.00% |
| Q3 2025 | 0.00% |
| Q4 2025 | 0.00% |
| Q1 2026 | 4.33% |
| Q2 2026 | 4.48% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 1.08% |
| Q3 2024 | 1.18% |
| Q4 2024 | 1.29% |
| Q1 2025 | 1.53% |
| Q2 2025 | 1.67% |
| Q3 2025 | 1.66% |
| Q4 2025 | 1.62% |
| Q1 2026 | 1.18% |
| Q2 2026 | 1.34% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 42 | $139.8M | 8.70% | 4.48% | 1.34% | 72.4% |
| Q1 2026 | 40 | $141.4M | 8.52% | 4.33% | 1.18% | 73.5% |
| Q4 2025 | 76 | $141.4M | 9.09% | 0.00% | 1.62% | 74.7% |
| Q3 2025 | 77 | $135.7M | 9.30% | 0.00% | 1.66% | 74.6% |
| Q2 2025 | 75 | $132.8M | 8.89% | 0.00% | 1.67% | 81.4% |
| Q1 2025 | 73 | $136.0M | 8.56% | 0.00% | 1.53% | 81.2% |
| Q4 2024 | 72 | $137.9M | 8.58% | 0.00% | 1.29% | 77.5% |
| Q3 2024 | 71 | $138.8M | 8.46% | 0.00% | 1.18% | 72.1% |
| Q2 2024 | 70 | $135.1M | 8.18% | 0.00% | 1.08% | 69.4% |
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 Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| First Farmers & Merchants National BankBank Fairmont, MN | 68 out of 100, Moderate | $140.4M | 10.6% | 0.06% | vs |
| Northwoods Bank of MinnesotaBank Park Rapids, MN | 80 out of 100, Strong | $140.6M | 11.2% | 0.03% | vs |
| Valley Premier BankBank Hawley, MN | 81 out of 100, Strong | $141.0M | 11.1% | 0.00% | vs |
| Security State Bank of WarroadBank Warroad, MN | 62 out of 100, Moderate | $138.3M | 16.4% | 4.17% | vs |
| Citizens State Bank Norwood Young AmericaBank Norwood Young America, MN | 48 out of 100, Below average | $141.3M | 8.1% | 3.42% | vs |
| The First National Bank of CokatoBank Cokato, MN | 68 out of 100, Moderate | $138.2M | 8.5% | 0.25% | vs |
Deposit insurance
Is my money safe at Farmers and Merchants State Bank of Springfield?
Yes. Farmers and Merchants State Bank of Springfield is an FDIC-insured institution (FDIC certificate #13382). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 19.2% of deposits ($23.2M) 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 8.70%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 16.49% (benchmark: 10%).
2 locations
Branches
Farmers and Merchants State Bank of Springfield lists 2 offices in 2 cities. Most locations:
- Morgan, MN (1)
- Springfield, MN (1)
Identity & history
Profile
- Legal name
- Farmers and Merchants State Bank of Springfield
- Type
- State-chartered bank
- FDIC certificate #
- 13382
- RSSD ID
- 770451
- Primary regulator
- FDIC
- Holding company
- Piesco Inc
- Established
- January 1, 1918
- Headquarters
- 101 N Marshall Ave, Springfield, MN 56087
- Website
- www.fmb-ebank.com
- Employees
- 19
Quick answers
Farmers and Merchants State Bank of Springfield: common questions
Is Farmers and Merchants State Bank of Springfield FDIC insured?
Yes. Farmers and Merchants State Bank of Springfield is an FDIC-insured institution (FDIC certificate #13382). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers and Merchants State Bank of Springfield's TellerScore?
42 out of 100 (Below average), 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 of Springfield ever failed?
There is no failure record for FDIC certificate #13382 in the FDIC failed bank list.
How many branches does Farmers and Merchants State Bank of Springfield have?
2 offices as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near Springfield
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| State Bank of JeffersBank Jeffers, MN | 97 out of 100, Very strong | $37.1M | 14.1% | 0.00% | vs |
| Southpoint Financial Credit UnionCredit union Sleepy Eye, MN | 73 out of 100, Strong | $608.9M | 11.2% | 0.17% | vs |
| First Security Bank - Sleepy EyeBank Sleepy Eye, MN | 73 out of 100, Strong | $182.8M | 15.3% | 2.60% | vs |
| MidCountry BankBank Minneapolis, MN | 72 out of 100, Strong | $1.1B | 13.0% | 0.90% | vs |
| The Wanda State BankBank Wanda, MN | 71 out of 100, Strong | $229.8M | 12.1% | 1.12% | vs |
| Frandsen Bank & TrustBank Lonsdale, MN | 71 out of 100, Strong | $3.7B | 10.0% | 0.71% | vs |