Merchants State Bank (FDIC #1125): Bank Stress & Real-Estate Credit Exposure

Merchants State Bank (FDIC Cert #1125): bank stress 31/100, contained, STABLE over 7 days; parent H&W HOLDING CO.

Merchants State Bank (#1125) lends in 3 counties across 1 state; Merchants State Bank (#1125) reaches 30 ZIP codes: South Dakota 3 counties, 30 ZIPs.

Merchants State Bank (#1125) largest markets: Turner County, SD (30 branches, 15 ZIPs) (#1125), Hutchinson County, SD (14 branches, 14 ZIPs) (#1125), Clay County, SD (8 branches, 8 ZIPs) (#1125).

Merchants State Bank (#1125) reports $219.6 million in total assets; Merchants State Bank (#1125) equity $35.3 million (16.1% of Merchants State Bank (#1125) assets); Merchants State Bank (#1125) domestic deposits $180.7 million; Merchants State Bank (#1125) net income $2.1 million; Merchants State Bank (#1125) return on assets 1.90%; Merchants State Bank (#1125) return on equity 12.28%; Merchants State Bank (#1125) net interest income $4.6 million; Merchants State Bank (#1125) call report June 30, 2026.

Merchants State Bank (#1125) noncurrent real-estate loans: none reported; Merchants State Bank (#1125) net charge-offs on real estate 0.23%.

Merchants State Bank (#1125) net interest margin 4.43% against an eight-quarter Merchants State Bank (#1125) average of 4.24% (Merchants State Bank (#1125) compression -0.19 points); Merchants State Bank (#1125) rate-exposure score 40/100, Merchants State Bank (#1125) fixed-rate trap 40/100; Merchants State Bank (#1125) risk type rate trapped; Merchants State Bank (#1125) rate regime rates elevated, Merchants State Bank (#1125) snapshot October 19, 2026.

Merchants State Bank (#1125) stress score moved from 37.2 on June 22, 2026 to 31.1 on October 19, 2026; Merchants State Bank (#1125) ranged 31.1 to 37.2 over 116 snapshots.

Merchants State Bank (#1125) alerts: 3 counties; top Merchants State Bank (#1125) alert scores: Freeman County, SD 15 (low); Irene County, SD 15 (low); Viborg County, SD 15 (low).