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Farmers and Merchants State Bank of Alpha, Financial Information

AboutFarmers and Merchants State Bank of Alpha

 Address:
210 North Main Street
Alpha,MN
Jackson County,Minnesota
 Established:
Aug 1911
 Number of domestic offices:
1
Agriculture bank
Total assets$49M
Net income$0M
Net income,quarterly$0M
Total deposits$44M
Domestic deposits$44M
Equity capital$5M
ROA0.34%
ROAQ,quarterly0.16%
ROA,pretax0.16%
ROAQ,quarterly,pretax0.25%
ROE3.26%
ROEQ,quarterly1.57%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

On September 5, 1911, Frank Striemer founded the Farmers and Merchants State Bank of Alpha. The Bank has survived and thrived throughout the years. Today the Bank is still owned and managed by the founder’s family. It is one of the few independent banks in the state that has been continuously owned and operated by the founder’s family.

The Farmers and Merchants State Bank of Alpha is a full service locally owned family bank. The Farmers and Merchants State Bank is proud to offer the services of a modern financial institution while maintaining the integrity of a community bank where decisions are made locally.

Farmers and Merchants State Bank of Alpha
210 North Main Street
PO Box 8
Alpha, MN 56111
Phone: (507) 847-3620
Fax: (507) 847-4057

Historical Data