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Farmers and Merchants State Bank, Financial Information

AboutFarmers and Merchants State Bank

 Address:
101 South Main Street
Plankinton,SD
Aurora County,South Dakota
 Established:
Apr 1910
 Number of domestic offices:
2
Agriculture bank
Total assets$120M
Net income$3M
Net income,quarterly$1M
Total deposits$106M
Domestic deposits$106M
Equity capital$13M
ROA2.24%
ROAQ,quarterly2.02%
ROA,pretax2.02%
ROAQ,quarterly,pretax2.1%
ROE20.18%
ROEQ,quarterly18.48%
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.

Organization of a Bank in Plankinton first began at a meeting held March 29, 1910, by a group of interested citizens. The Bank became known as the Farmers & Merchants State Bank. Originally the Bank operated out of the banking rooms at the Opera House. A new bank building was constructed in 1920. Since that time, the Bank has been expanded twice with extensive remodeling.

Tom Page served as President from August 1992 through December 1996. In January 1997, the Board of Directors appointed Ron Kristensen to serve as President.

F & M State Bank
P.O. Box 10
Plankinton, SD 57368-0010

F & M State Bank
P.O. Box 188
White Lake, SD 57383-0188

605-942-778
888-942-7781

Historical Data