Farmers & Merchants State Bank of Springfield
Major Rating Factors:
Good current capitalization (6.7 on a scale of 0 to 10) based on a risk-based capital ratio of 16.5 and a capital leverage ratio of 8.7. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Other Rating Factors:
Operating profits as a percentage of assets at 1.6%, coupled with a return on assets of 1.3 has resulted in Good (5.2) profitability. A current level of 15.2 percent of nonperforming loans to core capital contributes to the Fair asset quality (4.5).
Asset Mix:
Securities (24%), cash (8%), home mtgs (8%), comm loans (4%), comm re (2%), home eq lns (1%), consumer loans (1%), other (53%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Piesco, Inc.
Investment Rating
--
Address
101 North Marshall Avenue
Springfield, MN 56087
Springfield, MN 56087
Phone Number
(507) 723-4800
Year Founded
1918
FDIC Number
Largest Affiliates
Norwood Young America, MN
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Bank