Skip to content
BankSonar

Farmers and Merchants State Bank of Springfield

Springfield, MN · State, non-member commercial bank

60

Sonar Score

Watch

out of 100 · from public FDIC data

Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.

Visit bank website ↗

Key figures

Total assets
$141.4M
Total deposits
$122.5M
Branches
2
Return on assets
1.18%
Return on equity
13.54%
Charter type
State, non-member commercial bank
Established
1918
FDIC cert #
13382

How the 60 breaks down

Capital adequacyweight 40%

Capital ratio not reported.

Profitability (ROA)weight 30%

Strong returns on its asset base.

Return on equityweight 15%

Efficient use of shareholder capital.

Scale & stabilityweight 15%

Community-scale institution.

Read the full Sonar Score methodology →

Your deposits at Farmers and Merchants State Bank of Springfield

Farmers and Merchants State Bank of Springfield is an FDIC-insured institution (Cert #13382). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →

2 branch locations

101 Vernon Ave

Morgan, MN 56266

101 N Marshall Ave

Springfield, MN 56087

Sponsored · we may earn a commission

Earning enough on your savings?

Many big-bank savings accounts pay near 0%. Compare today's top high-yield savings and CD rates from FDIC-insured banks before you decide where to keep your cash.

Compare savings rates

Other banks in Minnesota

All Minnesota banks →