Bank · FDIC insured
Farmers & Merchants State Bank
A $271.7M bank headquartered in Winterset, IA, with 5 branches in Iowa. Best rates: CDs 4.50% and savings 0.65% APY.
Farmers & Merchants State Bank Carrot Score
84
Carrot Score
Higher than 65% of U.S. banks and credit unions
#24 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Farmers & Merchants State Bank
- Headquarters
- 101 W Jefferson St, Winterset, IA 50273
- FDIC certificate
- 15610 ↗
Branches
5 branches in Iowa
Loading map…
Iowa
5 branches
Des Moines area · 3
- Farmers and Merchants State BankMain office101 W Jefferson St, Winterset, IA 50273Directions
- St Charles Branch317 E Main St, St. Charles, IA 50240Directions
- Motor Branch722 N 1st St, Winterset, IA 50273Directions
Greenfield area · 1
- Greenfield Branch204 Se 6th St, Greenfield, IA 50849Directions
Orient area · 1
- Orient Branch114 S Broad St, Orient, IA 50858Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.68% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 0.00% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 1.20% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $69 | $81 | — |
- CapitalLeverage ratio10.68%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets1.20%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$69Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Farmers & Merchants State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.