Farmers and Merchants State Bank of Sacred Heart

Headquarters

200 West Maple Street
Sacred Heart, MN 56285
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.70% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Farmers and Merchants State Bank of Sacred Heart is an FDIC insured institution located in Sacred Heart, MN. It was founded in 1905 and has approximately $0.03 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1901
Date Established 1905
Assets $ 25.76 million
Loans $ 13.49 million
Deposits $ 23.34 million
Capital $ 2.96 million
 

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

Deposit Rates - January 23, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - January 23, 2021

Your Current Location: Virginia, VA 20146

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

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2021

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Featured - Virginia Home Equity Line Of Credit Rates 2021

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Third Federal Savings and Loans
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2.240 %
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Note to Farmers and Merchants State Bank of Sacred Heart
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Branches

Farmers and Merchants State Bank of Sacred Heart 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:
Ashburn,Virginia


Farmers and Merchants State Bank of Sacred Heart Locations


Financial Details

Farmers and Merchants State Bank of Sacred Heart Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Farmers and Merchants State Bank of Sacred Heart. 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 Sacred Heart U.S. Bank Average
0% 6.14%

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 September 30, 2020, Farmers and Merchants State Bank of Sacred Heart had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $2,964,000 in equity and $197,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Farmers and Merchants State Bank of Sacred Heart U.S. Bank Average
7% 9.23%

Farmers and Merchants State Bank of Sacred Heart has a Return on Equity of 7% versus the BestCashCow average of 9.23%. 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 Sacred Heart U.S. Bank Average
11.51% 12.07%

Farmers and Merchants State Bank of Sacred Heart has a Capitalization of 11.51% versus the BestCashCow average of 12.07. 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 Sacred Heart Balance Sheet Analysis

As of June 30, 2019, Farmers and Merchants State Bank of Sacred Heart had assets of $26,323,000, loans of $13,488,000, and deposits of $23,342,000. 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

September 30, 2020
ASSETS
Cash & Balances due from depository institutions $ 8.48 million
Interest-bearing balances $ 8.23 million
Total securities $ 3.82 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.49 million
Loan loss allowance $ 0.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.21 million
     Total Assets $ 23.36 million
LIABILITIES
Total deposits $ 23.34 million
      Interest-bearing deposits $ 11.99 million
      Deposits held in domestic offices $ 23.34 million
      % insured (estimated) 69.60%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.02 million
      Total Liabilities $ 23.36 million
      Shareholders’ Equity $ 2.40 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.48 million
Total Interest Expense $ 0.07 million
Net interest income $ 0.42 million
Provision for loan and lease losses $ 0.00 million
Total non interest income $ 0.02 million
Total non interest expense $ 0.31 million
Pre-tax Net Operating Income $ 0.12 million

Bank Loan Profile?

The top three loan types in Farmers and Merchants State Bank of Sacred Heart’s loan portfolio are Farm Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, Farmers and Merchants State Bank of Sacred Heart has a significantly higher percent of Small Business Loans, Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 0.78
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.60
Small Business Loans 20.13
Construction and Development Loans 0.00
Commercial Real Estate 21.77
Commercial and Industrial Loans 6.79
Farm Loans 33.39

Frequently Asked Questions About Farmers And Merchants State Bank Of Sacred Heart

Branches and Savings

Is Farmers And Merchants State Bank Of Sacred Heart FDIC insured?

Yes. It is covered under FDIC Certificate #1901.

Why does Farmers And Merchants State Bank Of Sacred Heart 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 Sacred Heart 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 Sacred Heart a commercial bank?

Yes

Where are Farmers And Merchants State Bank Of Sacred Heart locations?

See branch locations nearby.

Is Farmers And Merchants State Bank Of Sacred Heart open on Saturdays?

Is Farmers And Merchants State Bank Of Sacred Heart open on Sundays?

What time does Farmers And Merchants State Bank Of Sacred Heart open?

What time does Farmers And Merchants State Bank Of Sacred Heart close?

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

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

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

Do Farmers And Merchants State Bank Of Sacred Heart branches have notaries?

Will Farmers And Merchants State Bank Of Sacred Heart notarize my document?

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

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

Do Farmers And Merchants State Bank Of Sacred Heart checks expire?

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

Can Farmers And Merchants State Bank Of Sacred Heart close my account?

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

Does Farmers And Merchants State Bank Of Sacred Heart Use Equifax?

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

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

Products

Does Farmers And Merchants State Bank Of Sacred Heart offer mortgages?

Compare mortgage rates here.

Does Farmers And Merchants State Bank Of Sacred Heart 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 Sacred Heart offer personal loans?

Compare personal loan rates here.

Does Farmers And Merchants State Bank Of Sacred Heart offer student loans?

Will Farmers And Merchants State Bank Of Sacred Heart cash a check?

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

Does Farmers And Merchants State Bank Of Sacred Heart cash savings bonds?

Will Farmers And Merchants State Bank Of Sacred Heart cash money orders?

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

Does Farmers And Merchants State Bank Of Sacred Heart do currency exchange?

Background on The Bank

Who owns Farmers And Merchants State Bank Of Sacred Heart?

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

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

Does Farmers And Merchants State Bank Of Sacred Heart have quick pay?

Does Farmers And Merchants State Bank Of Sacred Heart accept rolled coins?

Will Farmers And Merchants State Bank Of Sacred Heart accept loose change?

Where is Farmers And Merchants State Bank Of Sacred Heart headquarters?

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