Total Assets
$268M
Total balance-sheet footings
FDIC Cert #15610 · Winterset, Iowa · Est. 1938
Farmers and Merchants State Bank - FDIC Bank Health Profile
A community-scale look at Farmers and Merchants State Bank's own numbers, pulled straight from its quarterly FDIC Call Report.
- $268M
- Total assets
- A
- Health grade · Excellent
- 1.24%
- Return on assets
- 15.5%
- Tier 1 capital
Data updated July 2026
The verdict
Farmers and Merchants State Bank earns a PlainBankData health grade of A (92/100), with well-capitalized at 15.51% Tier 1, profitable at 1.24% ROA, efficient (55% cost ratio).
- #2,658
- largest of 4,313 FDIC banks by assets
- 38th
- percentile by asset size, nationally
- 15.51%
- Tier 1 ratio - above the 10% well-capitalized line
- 60th
- 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's 92/100 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's composite health score
Tier 1 Capital Ratio (15.51%) 40/40
Return on Assets (ROA) (1.24%) 20/25
Texas Ratio (0.00%) 20/20
Efficiency Ratio (54.79%) 12/15
92 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$238M
Customer-funded liabilities
Net Loans
$163M
Outstanding loan book
Net Income
$3M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where Farmers and Merchants State Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. Farmers and Merchants State Bank's score of 92/100 falls in the highlighted band.
Farmers and Merchants State Bank'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's $268M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
15.51% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
15.51%
Texas Ratio
0.00%
Equity Capital
$26M
Profitability metrics
Return on Assets (ROA)
60th percentile nationally
1.24%
Return on Equity (ROE)
13.15%
Efficiency Ratio
54.79%
What the numbers say about Farmers and Merchants State Bank
Farmers and Merchants State Bank is an FDIC-insured institution (Certificate #15610) headquartered in Winterset, Iowa, established in 1938. It holds $268M in total assets - 2,658th of 4,313 FDIC-insured banks, $238M in customer deposits, and $163M in net loans. Looking at capital strength, Tier 1 stands at 15.51%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 0.00%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of A (92/100), 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.
Within Iowa, Farmers and Merchants State Bank ranks 120th of 230 FDIC-insured banks by asset size -- a mid-sized institution, neither among the state's largest nor its smallest.
Income & expense breakdown
$13M
Interest Income
$822K
Non-Interest Income
$5M
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 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 Iowa by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) Farmers and Merchants State Bank (FDIC Cert #15610) - 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 Iowa
All Iowa banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Principal BankDes Moines | $9.3B | A | 1.24% |
| Bankers Trust CompanyDes Moines | $7.5B | A | 1.10% |
| MidWestOne BankIowa City | $6.3B | A | 1.12% |
| Hills Bank and Trust CompanyHills | $4.6B | A | 1.33% |
| West BankWest Des Moines | $4.1B | A | 0.94% |
| Northwest BankSpencer | $3.0B | B | 1.03% |
| Cedar Rapids Bank and Trust CompanyCedar Rapids | $2.9B | A | 2.83% |
| Quad City Bank and Trust CompanyBettendorf | $2.7B | A | 1.30% |
Frequently asked questions
What is Farmers and Merchants State Bank's health grade?▼
Farmers and Merchants State Bank receives a health grade of A (92/100) 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?▼
Farmers and Merchants State Bank holds $268M in total assets and $238M in deposits, ranking 2,658th of 4,313 FDIC-insured banks by asset size. It is headquartered in Winterset, Iowa.
Is my money safe at Farmers and Merchants State Bank?▼
Yes, deposits at Farmers and Merchants State Bank (Certificate #15610) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is Farmers and Merchants State Bank's Tier 1 Capital Ratio?▼
Farmers and Merchants State Bank has a Tier 1 Capital Ratio of 15.51%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for Farmers and Merchants State Bank?▼
Farmers and Merchants State Bank 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?▼
Farmers and Merchants State Bank has an Efficiency Ratio of 54.79%. 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's profile as a depositor or analyst.
- Farmers and Merchants State Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare Farmers and Merchants State Bank against other Iowa banks before moving funds. Iowa 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.