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 Merchants State Bank
Merchants State Bank
| RSSD ID 289757 | CERTIFICATE 1125 | ABA NUMBER 91402277 |
| 305 S Main St |
Quarter Ended : |
2025-12-31 |
| Freeman, South Dakota, 57029 |
Updated : |
2026-01-22 |
| www.msb-sd.com |
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| Institution Profile |
| Year Opened : |
1899 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FED |
| Member Federal Reserve : |
Yes |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
4 |
Number of Employees : |
33 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 221,544 |
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Total Interest Income | 12,207 |
| Total Liabilities | 188,378 |
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Total NonInterest Income | 374 |
| Total Bank Equity Capital | 33,166 |
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Total Interest Expense | 3,500 |
| Total Deposits | 180,697 |
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Total NonInterest Expense | 5,080 |
| Net Loans & Leases | 148,192 |
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Net Income | 3,746 |
| Loan Loss Allowance | 957 |
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Net Charge Offs | 53 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 140,641 |
| Total assets for the leverage ratio | 222,696 |
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Loans secured by real estate: | 93,742 |
| Tier 1 Leverage Ratio | 16.68 |
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Commercial and industrial loans | 13,872 |
| Off Balance Sheet Exposures (%) | 20.06 |
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Loans to individuals - Credit Cards | 27 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 2,864 |
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:· Merchants State Bank
