Farmers and Merchants State Bank of Springfield: how it compares with its peers
Against 99 MN banks with half to twice its assets, Farmers and Merchants State Bank of Springfield's strongest measure in Q2 2026 is return on assets (1.34% vs. a 1.24% peer median). Its weakest relative measure is efficiency ratio (61.64% vs. 61.21%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.34% | 1.24% | Middle third Ahead of 56% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.12% | 4.02% | Middle third Ahead of 53% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 61.64% | 61.21% | Middle third Ahead of 47% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.4M | $7.1M | Middle third Ahead of 55% of peers |
| Loans to deposits Net loans and leases over total deposits. | 72.43% | 79.75% | Context |
What it means for lending operations
Its efficiency ratio of 61.64% is above the 61.21% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- First Farmers & Merchants National Bank Fairmont, MN · $140M
- Northwoods Bank of Minnesota Park Rapids, MN · $141M
- Valley Premier Bank Hawley, MN · $141M
- Security State Bank of Warroad Warroad, MN · $138M
- Citizens State Bank Norwood Young America Norwood Young America, MN · $141M
- The First National Bank of Cokato Cokato, MN · $138M
Questions about Farmers and Merchants State Bank of Springfield
How big is Farmers and Merchants State Bank of Springfield?
Farmers and Merchants State Bank of Springfield, established in 1918, is headquartered in Springfield, MN. It reported $140M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is Farmers and Merchants State Bank of Springfield's return on assets?
1.34% annualized in Q2 2026, against a 1.24% median for 99 MN banks with half to twice its assets, ahead of 56% of them.
What is Farmers and Merchants State Bank of Springfield's efficiency ratio?
61.64% in Q2 2026: it spent about 62 cents in noninterest expense for each dollar of revenue. The peer median is 61.21%, and lower is better.
Is Farmers and Merchants State Bank of Springfield growing its loans?
Net loans shrank 5.4% over the year to Q2 2026, while deposits grew 6.3%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.