Farmers and Merchants State Bank of Pierz

Headquarters

80 Main Street N
Pierz, MN 56364
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.75% 1.01% →
2-Year CD 1.00% 0.95% →
5-Year CD 1.25% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Farmers and Merchants State Bank of Pierz is an FDIC insured institution located in Pierz, MN. It was founded in 1908 and has approximately $0.23 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10165
Date Established 1908
Assets $ 226.33 million
Loans $ 157.60 million
Deposits $ 202.70 million
Capital $ 23.15 million
 

For a more detailed analysis of Farmers and Merchants State Bank of Pierz's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 25, 2020

Your Current Location: Washington, WA 98101

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $25 $499,999 Learn More
Money Market
0.10% $2,500 $24,999 Learn More
Money Market
0.20% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $2,500 - Learn More
12 Mo CD
0.75% $2,500 - Learn More
18 Mo CD
0.80% $2,500 - Learn More
24 Mo CD
1.00% $2,500 - Learn More
36 Mo CD
1.10% $2,500 - Learn More
60 Mo CD
1.25% $2,500 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $800 $499,999 Learn MoreShow Less

Loan Rates - October 25, 2020

Your Current Location: Washington, WA 98101

There are currently no loan rates available for Farmers and Merchants State Bank of Pierz

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cascadia Mortgage
NMLS ID: 1505422
License#: NMLS #1505422
2.830% 2.750% 0.63 $2,622 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to Farmers and Merchants State Bank of Pierz
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Branches

Farmers and Merchants State Bank of Pierz branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Farmers and Merchants State Bank of Pierz Locations


Financial Details

Farmers and Merchants State Bank of Pierz Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Merchants State Bank of Pierz. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Farmers and Merchants State Bank of Pierz U.S. Bank Average
3.39% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Farmers and Merchants State Bank of Pierz had $595,000 in non-current loans and $255,000 in owned real estate. To cover these potential losses it had $23,147,000 in equity and $1,904,000 in loans loss reserves. That gives it a Texas Ratio of 3.39%.

Return on Equity
Farmers and Merchants State Bank of Pierz U.S. Bank Average
18.36% 7.80%

Farmers and Merchants State Bank of Pierz has a Return on Equity of 18.36% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Farmers and Merchants State Bank of Pierz U.S. Bank Average
10.23% 12.68%

Farmers and Merchants State Bank of Pierz has a Capitalization of 10.23% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Farmers and Merchants State Bank of Pierz Balance Sheet Analysis

As of March 31, 2020, Farmers and Merchants State Bank of Pierz had assets of $226,333,000, loans of $157,602,000, and deposits of $202,699,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 12.17 million
Interest-bearing balances $ 7.11 million
Total securities $ 43.03 million
Federal funds sold and reverse repurchase $ 6.36 million
Net loans and leases $ 157.60 million
Loan loss allowance $ 1.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.26 million
Goodwill and other intangibles $ 0.40 million
All other assets $ 3.99 million
     Total Assets $ 203.19 million
LIABILITIES
Total deposits $ 202.70 million
      Interest-bearing deposits $ 149.90 million
      Deposits held in domestic offices $ 202.70 million
      % insured (estimated) 85.28%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.49 million
      Total Liabilities $ 203.19 million
      Shareholders’ Equity $ 23.15 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.65 million
Total Interest Expense $ 0.35 million
Net interest income $ 2.30 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.20 million
Total non interest expense $ 1.40 million
Pre-tax Net Operating Income $ 1.07 million

Bank Loan Profile?

The top three loan types in Farmers and Merchants State Bank of Pierz’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Farmers and Merchants State Bank of Pierz’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 17.87
Multifamily
Mortgages
0.79
Credit Card Loans 0.00
Consumer Auto Loans 0.91
Small Business Loans 0.00
Construction and Development Loans 0.66
Commercial Real Estate 19.45
Commercial and Industrial Loans 13.69
Farm Loans 13.61

Frequently Asked Questions About Farmers And Merchants State Bank Of Pierz

Branches and Savings

Is Farmers And Merchants State Bank Of Pierz FDIC insured?

Yes. It is covered under FDIC Certificate #10165.

Why does Farmers And Merchants State Bank Of Pierz pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Farmers And Merchants State Bank Of Pierz CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Farmers And Merchants State Bank Of Pierz a commercial bank?

Yes

Where are Farmers And Merchants State Bank Of Pierz locations?

See branch locations nearby.

Is Farmers And Merchants State Bank Of Pierz open on Saturdays?

Is Farmers And Merchants State Bank Of Pierz open on Sundays?

What time does Farmers And Merchants State Bank Of Pierz open?

What time does Farmers And Merchants State Bank Of Pierz close?

Are Farmers And Merchants State Bank Of Pierz ATMs Open 24/7?

Do Farmers And Merchants State Bank Of Pierz ATMs accept cash deposits?

Can Farmers And Merchants State Bank Of Pierz customers use other ATMs?

Do Farmers And Merchants State Bank Of Pierz branches have notaries?

Will Farmers And Merchants State Bank Of Pierz notarize my document?

What address for Farmers And Merchants State Bank Of Pierz should I put for incoming ACH transfers?

Will the Farmers And Merchants State Bank Of Pierz branch print checks?

Do Farmers And Merchants State Bank Of Pierz checks expire?

Does Farmers And Merchants State Bank Of Pierz require US citizenship to open account?

Can Farmers And Merchants State Bank Of Pierz close my account?

Does Farmers And Merchants State Bank Of Pierz Report to credit bureaus?

Does Farmers And Merchants State Bank Of Pierz Use Equifax?

What is Farmers And Merchants State Bank Of Pierz's ACH Routing Number?

What is Farmers And Merchants State Bank Of Pierz's SWIFT code?

Products

Does Farmers And Merchants State Bank Of Pierz offer mortgages?

Compare mortgage rates here.

Does Farmers And Merchants State Bank Of Pierz offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Farmers And Merchants State Bank Of Pierz offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants State Bank Of Pierz offer student loans?

Will Farmers And Merchants State Bank Of Pierz cash a check?

Will Farmers And Merchants State Bank Of Pierz redeem a savings bond?

Does Farmers And Merchants State Bank Of Pierz cash savings bonds?

Will Farmers And Merchants State Bank Of Pierz cash money orders?

Can Farmers And Merchants State Bank Of Pierz issue a money order?

Does Farmers And Merchants State Bank Of Pierz do currency exchange?

Background on The Bank

Who owns Farmers And Merchants State Bank Of Pierz?

How long has Farmers And Merchants State Bank Of Pierz been around?

Can Farmers And Merchants State Bank Of Pierz transfer to other banks?

Does Farmers And Merchants State Bank Of Pierz have quick pay?

Does Farmers And Merchants State Bank Of Pierz accept rolled coins?

Will Farmers And Merchants State Bank Of Pierz accept loose change?

Where is Farmers And Merchants State Bank Of Pierz headquarters?

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