B
Farmers & Merchants State Bank
Rating Date
October 2025
Risk Based
Capital Ratio
Leverage
Ratio
Return On
Assets
Total
Assets
Capital
Total
Deposits
Net
Income
Weiss Ratings Farmers & Merchants State Bank
Winterset, IA
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Rating B
Asset Quality Index 8.70
Capitalization Index 8.60
Liquidity Index 3.00
Profitability Index 5.80
Stability Index 6.40
Company Info Farmers & Merchants State Bank
Winterset, IA
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FDIC Number 15610
Phone Number (515) 462-4242
Website www.fmstate.bank
Asset Quality Farmers & Merchants State Bank
Winterset, IA
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1-Year Asset Growth 9.81%
5-Year Asset Growth 6.35%
5-Year Charge-Offs to Average Loans 0.01%
Charge-Offs to Average Loans 0.03%
Non-Performing Assets to Assets 0.00%
Non-Performing Loans to Capital 0.00%
Non-Performing Loans to Loans 0.00%
Balance Sheet Farmers & Merchants State Bank
Winterset, IA
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Total Assets 258.70M
Total Deposits 229.61M
Capital and Reserves Farmers & Merchants State Bank
Winterset, IA
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Capital 24.61M
Leverage Ratio 10.09
Loan Loss Reserves to Loans 0.91%
Risk-Based Capital Ratio 16.50
Liquidity Farmers & Merchants State Bank
Winterset, IA
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Hot Money Ratio 21.50%
Liquidity Ratio 26.82%
Profitability Farmers & Merchants State Bank
Winterset, IA
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5-Year Return on Average Assets 1.17%
Net Income 1.61M
Net Interest Spread 3.43%
Operating Profit to Average Assets 1.58%
Overhead Efficiency Ratio 55.31%
Return on Assets 1.23%
Return on Equity 13.56%