Total Assets
$141M
Total balance-sheet footings
FDIC Cert #13382 · Springfield, Minnesota · Est. 1918
Farmers and Merchants State Bank of Springfield - FDIC Bank Health Profile
A community-scale look at Farmers and Merchants State Bank of Springfield's own numbers, pulled straight from its quarterly FDIC Call Report.
- $141M
- Total assets
- A
- Health grade · Excellent
- 1.62%
- Return on assets
- 15.3%
- Tier 1 capital
Data updated July 2026
The verdict
Farmers and Merchants State Bank of Springfield earns a PlainBankData health grade of A (97/100), with well-capitalized at 15.31% Tier 1, profitable at 1.62% ROA, efficient (57% cost ratio).
- #3,421
- largest of 4,313 FDIC banks by assets
- 21st
- percentile by asset size, nationally
- 15.31%
- Tier 1 ratio - above the 10% well-capitalized line
- 79th
- percentile for profitability (ROA), nationally
This grade is PlainBankData's own interpretation of the bank's Call Report, not an FDIC rating, deposits here stay federally insured to $250,000 per depositor, per category, regardless of grade.
How Farmers and Merchants State Bank of Springfield's 97/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
Farmers and Merchants State Bank of Springfield's composite health score
Tier 1 Capital Ratio (15.31%) 40/40
Return on Assets (ROA) (1.62%) 25/25
Texas Ratio (0.00%) 20/20
Efficiency Ratio (57.41%) 12/15
97 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$122M
Customer-funded liabilities
Net Loans
$91M
Outstanding loan book
Net Income
$2M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Farmers and Merchants State Bank of Springfield ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Farmers and Merchants State Bank of Springfield's score of 97/100 falls in the highlighted band.
Farmers and Merchants State Bank of Springfield's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). Farmers and Merchants State Bank of Springfield's $141M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
15.31% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
15.31%
Texas Ratio
0.00%
Equity Capital
$13M
Profitability metrics
Return on Assets (ROA)
79th percentile nationally
1.62%
Return on Equity (ROE)
18.38%
Efficiency Ratio
57.41%
What the numbers say about Farmers and Merchants State Bank of Springfield
Farmers and Merchants State Bank of Springfield is an FDIC-insured institution (Certificate #13382) headquartered in Springfield, Minnesota, established in 1918. It holds $141M in total assets - 3,421st of 4,313 FDIC-insured banks, $122M in customer deposits, and $91M in net loans. On safety, its Tier 1 capital ratio of 15.31% is above the 10% well-capitalized threshold, and its Texas Ratio of 0.00% sits in the healthy range below 50%. It earns a PlainBankData health grade of A (97/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
By assets, Farmers and Merchants State Bank of Springfield ranks 142nd of 227 banks based in Minnesota -- squarely in the community-bank tier. Size alone doesn't determine a bank's local importance; a bank this size often has deeper, longer-standing relationships with the specific businesses and depositors it serves than a much larger institution would.
Income & expense breakdown
$7M
Interest Income
$262K
Non-Interest Income
$3M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. Farmers and Merchants State Bank of Springfield reports a Texas Ratio of 0.00% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
0.00% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in Minnesota by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Farmers and Merchants State Bank of Springfield (FDIC Cert #13382) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Minnesota
All Minnesota banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Ameriprise Bank, FSBMinneapolis | $25.3B | A | 3.08% |
| Bridgewater BankSaint Louis Park | $5.4B | A | 0.99% |
| Frandsen Bank & TrustLonsdale | $3.7B | A | 1.48% |
| Stearns Bank National AssociationSaint Cloud | $3.3B | A | 1.85% |
| Minnwest BankRedwood Falls | $3.0B | B | 0.92% |
| Merchants Bank, National AssociationWinona | $2.9B | A | 1.23% |
| Tradition Capital BankWayzata | $2.6B | B | 0.71% |
| Think Mutual BankRochester | $2.2B | B | 0.61% |
Frequently asked questions
What is Farmers and Merchants State Bank of Springfield's health grade?▼
Farmers and Merchants State Bank of Springfield receives a health grade of A (97/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank demonstrates excellent financial health with strong capital ratios and profitability.
How large is Farmers and Merchants State Bank of Springfield?▼
Farmers and Merchants State Bank of Springfield holds $141M in total assets and $122M in deposits, ranking 3,421st of 4,313 FDIC-insured banks by asset size. It is headquartered in Springfield, Minnesota.
Is my money safe at Farmers and Merchants State Bank of Springfield?▼
Yes, deposits at Farmers and Merchants State Bank of Springfield (Certificate #13382) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Farmers and Merchants State Bank of Springfield's Tier 1 Capital Ratio?▼
Farmers and Merchants State Bank of Springfield has a Tier 1 Capital Ratio of 15.31%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Farmers and Merchants State Bank of Springfield?▼
Farmers and Merchants State Bank of Springfield has a Texas Ratio of 0.00%. A ratio below 50% is generally considered healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is Farmers and Merchants State Bank of Springfield?▼
Farmers and Merchants State Bank of Springfield has an Efficiency Ratio of 57.41%. Below 60% is considered efficient, the bank converts a strong share of revenue into profit. This metric compares non-interest expenses to total revenue.
What to do with this
How to read Farmers and Merchants State Bank of Springfield's profile as a depositor or analyst.
- Farmers and Merchants State Bank of Springfield's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Farmers and Merchants State Bank of Springfield against other Minnesota banks before moving funds. Minnesota banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.