B
Merchants State Bank
FreemanSD
Rating Date
October 2025
Risk Based
Capital Ratio
--
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Merchants State Bank
Freeman, SD
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Rating B
Asset Quality Index 7.40
Capitalization Index 10.00
Liquidity Index 2.70
Profitability Index 7.80
Stability Index 6.30
Company Info Merchants State Bank
Freeman, SD
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FDIC Number 1125
Phone Number (605) 925-4222
Website www.msb-sd.com
Asset Quality Merchants State Bank
Freeman, SD
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1-Year Asset Growth 0.14%
5-Year Asset Growth 3.85%
5-Year Charge-Offs to Average Loans 0.07%
Charge-Offs to Average Loans 0.00%
Non-Performing Assets to Assets 0.20%
Non-Performing Loans to Capital 1.30%
Non-Performing Loans to Loans 0.31%
Balance Sheet Merchants State Bank
Freeman, SD
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Total Assets 212.53M
Total Deposits 169.83M
Capital and Reserves Merchants State Bank
Freeman, SD
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Capital 32.15M
Leverage Ratio 16.90
Loan Loss Reserves to Loans 0.72%
Risk-Based Capital Ratio --
Liquidity Merchants State Bank
Freeman, SD
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Hot Money Ratio 15.00%
Liquidity Ratio 17.25%
Profitability Merchants State Bank
Freeman, SD
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5-Year Return on Average Assets 1.48%
Net Income 3.06M
Net Interest Spread 4.22%
Operating Profit to Average Assets 1.95%
Overhead Efficiency Ratio 51.53%
Return on Assets 1.85%
Return on Equity 13.62%