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Data through Q3 2026 · 4,200 institutions
Regulatory profile
Freeman, SD · FDIC certificate #1125
MERCHANTS STATE BANK is an FDIC-insured institution based in Freeman, SD (FDIC certificate #1125). In its Q3 2026 Call Report it reported total assets of $211M, total deposits of $169M and net loans of $153M. Its primary federal regulator is FED.
Plain-language readout
MERCHANTS STATE BANK has 3 quarters of reported history on file, from Q1 2026 to Q3 2026.
Total assets peaked at $220M in Q2 2026 and were lowest at $211M in Q3 2026.
Total deposits were highest at $181M in Q2 2026 and lowest at $169M in Q3 2026.
Over the whole period total assets fell 3.0%.
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| Q3 2026 | $211M | $169M | $153M | 2.14% | 13.85% | 4.48% |
| Q2 2026 | $220M | $181M | $147M | 1.90% | 12.28% | 4.43% |
| Q1 2026 | $218M | $176M | $147M | 1.63% | 10.71% | 4.35% |
Recent activity
No reviewed changes are available for this institution in the tracked window. This does not establish that no event occurred.
Ten-year database
| Quarter | Assets | Deposits | Net loans | ROA | ROE | NIM |
|---|---|---|---|---|---|---|
| 2026-09-30 | $211M | $169M | $153M | 2.14% | 13.85% | 4.48% |
| 2026-06-30 | $220M | $181M | $147M | 1.90% | 12.28% | 4.43% |
| 2026-03-31 | $218M | $176M | $147M | 1.63% | 10.71% | 4.35% |
Branch detail unavailable. Locations are not inferred from headquarters.
Annual FDIC Summary of Deposits, by state, as of the 2025 snapshot effective 2025-06-30. Deposits and share are as of that retained annual snapshot, not a quarterly balance — do not compare directly to Call Report deposit figures reported elsewhere on this profile.
| State | Deposits | Market share | Rank | Year over year |
|---|---|---|---|---|
| SD | $173.7M | 0.02% | 40 | Continuing · -0.00 pp |
Source: FDIC Summary of Deposits, annual release. Market share divides this institution's reported branch deposits by all retained deposits in the same state for the same year — not a quarterly balance, current rate, or organic-growth attribution. Inspect year-over-year market change →
Workforce history unavailable: no compatible reported FTE or office observation. Missing values are not zero.
No matched ownership, transformations, or reviewed revisions are available. Absence of a match is not proof that no change occurred.