Farmers & Merchants State Bank of Springfield
Springfield, MN · Cert 13382 · Peer group: banks under $1B in assets in MN (n=111-113) · Piesco Inc.
State charter, non-member · FDIC · 1 affiliate bank · 2 branches (3 in holding)
Q2 2026
$139.8MAssets
$88.9MLoans
$120.7MDeposits
$12.0MEquity
Executive Summary
- Strongest standing: net charge-offs / loans outperforms 100% of banks under $1B in assets in MN (rank 36 of 111).
- Widest gap: nonperforming loans / loans trails 95% of banks under $1B in assets in MN (rank 107 of 111).
- Overall: at or above the peer median on 6 of 9 directional measures.
Return on Assets
1.23%
Rank 55 of 113
Net Interest Margin
3.84%
Rank 60 of 113
Efficiency Ratio
61.64%
Rank 58 of 113
Equity / Assets
8.57%
Rank 83 of 113
Non-interest income vs. expense
Unfavorable gap of $3.2M · efficiency ratio beats 50% of banks under $1B in assets in MN | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.23% | 0.87% | 1.20% | 1.41% | Beats 51% | 55 / 113 | |
| Return on Equity | 14.32% | 8.92% | 11.27% | 13.99% | Beats 76% | 27 / 113 | |
| Net Interest Margin | 3.84% | 3.42% | 3.88% | 4.31% | Beats 47% | 60 / 113 | |
| Efficiency Ratio | 61.64% | 54.13% | 61.48% | 69.86% | Beats 50% | 58 / 113 | |
| Asset Quality |
| Nonperforming Loans / Loans | 4.48% | 0.09% | 0.58% | 1.82% | Beats 5% | 107 / 111 | |
| Net Charge-Offs / Loans | 0.00% | n/a | 0.00% | 0.04% | Beats 100% | 36 / 111 | |
| Capital |
| Tier 1 Capital Ratio | 15.23% | 11.53% | 13.31% | 18.13% | Beats 60% | 45 / 113 | |
| Total Risk-Based Capital Ratio | 16.49% | 12.12% | 14.43% | 19.39% | Beats 63% | 42 / 113 | |
| Equity / Assets | 8.57% | 8.52% | 10.10% | 11.94% | Beats 27% | 83 / 113 | |
| Liquidity & Funding |
| Loans / Deposits | 73.71% | 62.08% | 77.32% | 88.06% | 45th pctl | 61 / 111 | |
| Loans / Assets | 63.63% | 55.01% | 66.35% | 75.50% | 42nd pctl | 66 / 113 | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |