Farmers and Merchants State Bank of Springfield
Springfield, MN · Owner: Piesco Inc
$140M
total assets, June 30, 2026
$140M
total assets, June 30, 2026
Farmers and Merchants State Bank of Springfield is a state nonmember bank based in Springfield, MN, owned by Piesco Inc. As of June 30, 2026 it held $139.8 million in assets and $120.7 million in deposits; assets were up 5.2% from a year before. It has 2 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$140M
+5.2% in a year · -1.2% in a quarter
Deposits
$121M
+6.3% in a year · -1.5% in a quarter
Loans
$88.9M
-5.3% in a year · -2.9% in a quarter
Profit so far
$942K
Jan 1 to Jun 30, 2026 · -16.6% in a year
Capital ratio
8.70%
-0.18 pts in a year
Return on assets
1.34%
-0.33 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 101 N Marshall Ave, Springfield, MN, 56087
- County
- Brown
- Holding company
- Piesco Inc
- Established
- Jan 1, 1918
- Employees
- 19
- Branches
- 2
- Website
- www.fmb-ebank.com
- Id
- b13382
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
2 offices as of June 30, 2026, holding $120.7 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 2 | $121M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| Farmers And Merchants State Bank Of Springfield (main office) | Springfield, MN | $86.3M |
| Morgan Branch | Morgan, MN | $34.3M |
Related pages
Questions and answers
How big is Farmers and Merchants State Bank of Springfield?
$139.8 million in total assets and $120.7 million in deposits as of June 30, 2026, with assets up 5.2% from a year before. Its loans were $88.9 million.
How many branches does Farmers and Merchants State Bank of Springfield have?
2 branches in Minnesota as of June 30, 2026.
Is Farmers and Merchants State Bank of Springfield profitable?
Yes: it earned $942,000 from January 1 to June 30, 2026 (down 16.6% from the same months a year before). Its return on assets was 1.34% a year; about 1% is typical.
Who owns Farmers and Merchants State Bank of Springfield?
Farmers and Merchants State Bank of Springfield is owned by Piesco Inc, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.