B
Merchants State Bank
FreemanSD
Rating Date
March 2026
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 2.60
Profitability Index 7.10
Stability Index 5.70
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 5.80%
5-Year Asset Growth 1.89%
5-Year Charge-Offs to Average Loans 0.07%
Charge-Offs to Average Loans 0.04%
Non-Performing Assets to Assets 0.22%
Non-Performing Loans to Capital 1.30%
Non-Performing Loans to Loans 0.33%
Balance Sheet Merchants State Bank
Freeman, SD
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Total Assets 221.54M
Total Deposits 180.70M
Capital and Reserves Merchants State Bank
Freeman, SD
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Capital 33.17M
Leverage Ratio 16.68
Loan Loss Reserves to Loans 0.64%
Risk-Based Capital Ratio --
Liquidity Merchants State Bank
Freeman, SD
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Hot Money Ratio 14.08%
Liquidity Ratio 16.12%
Profitability Merchants State Bank
Freeman, SD
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5-Year Return on Average Assets 1.48%
Net Income 3.75M
Net Interest Spread 4.25%
Operating Profit to Average Assets 1.78%
Overhead Efficiency Ratio 55.94%
Return on Assets 1.70%
Return on Equity 12.22%