Farmers and Merchants State Bank: Regulatory Capital
Data as of · Call Report Schedule RC-R How we update
The regulatory capital stack and the risk-weighted assets it is measured against. A bank is well capitalized at 6.5% CET1, 8% Tier 1 and 10% total risk-based capital; the conservation buffer effectively lifts CET1 to 7%.
The largest change between Q1 2026 and Q2 2026 was in Equity capital to average assets, which rose 0.67 percentage points to 10.68%. Within South Dakota, Farmers and Merchants State Bank is 31st of 36 on CET1 ratio, 11.73% as of Q2 2026, below the middle of the field. Farmers and Merchants State Bank reported 11.73% on CET1 ratio for Q2 2026, 3.34 points below the 15.07% median for banks in the $100M-1B asset tier.
Risk-based capital ratios
| Line item | Q2 2026 |
|---|---|
| Common equity Tier 1 ratio | 11.73% |
| Tier 1 risk-based capital ratio | 11.73% |
| Total risk-based capital ratio | 12.96% |
| Tier 1 leverage ratio | 11.02% |
The leverage ratio is measured against average total assets, not risk-weighted assets, so it will normally sit well below the risk-based ratios. Equal values would indicate a reporting error.
Capital amounts
| Line item | Q2 2026 |
|---|---|
| Common equity Tier 1 capital | $19.2M |
| Tier 1 capital | $19.2M |
| Total risk-based capital | $21.2M |
| Total equity capital | $18.6M |
| Risk-weighted assets | $163.6M |
Capital adequacy
| Line item | Q2 2026 |
|---|---|
| Equity capital to total assets | 10.31% |
| Tangible equity to tangible assets | 10.31% |
| Equity capital to average assets | 10.68% |
| Internal capital growth rate | 9.09% |
Capital structure
| Line item | Q2 2026 |
|---|---|
| Common stock | $200K |
| Common stock surplus | $4.3M |
| Retained earnings | $14.7M |
| Preferred stock and surplus | $0 |
| Accumulated other comprehensive income | -$593K |
| Subordinated notes and debentures | $0 |
Regulatory Capital trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Regulatory Capital by quarter
| Quarter | CET1 | Tier 1 RBC | Total RBC | Tier 1 leverage | Risk-weighted assets |
|---|---|---|---|---|---|
| Q3 2023 | 13.09% | 13.09% | 14.35% | 10.93% | $116.5M |
| Q4 2023 | 12.35% | 12.35% | 13.60% | 10.75% | $127.4M |
| Q1 2024 | 12.85% | 12.85% | 14.10% | 10.52% | $123.7M |
| Q2 2024 | 12.80% | 12.80% | 14.05% | 11.17% | $128.7M |
| Q3 2024 | 13.07% | 13.07% | 14.32% | 11.02% | $131.1M |
| Q4 2024 | 12.48% | 12.48% | 13.73% | 10.76% | $138.5M |
| Q1 2025 | 12.83% | 12.83% | 14.08% | 11.07% | $139.0M |
| Q2 2025 | 13.24% | 13.24% | 14.49% | 11.55% | $139.2M |
| Q3 2025 | 13.01% | 13.01% | 14.26% | 11.69% | $146.9M |
| Q4 2025 | 11.30% | 11.30% | 12.44% | 10.48% | $160.8M |
| Q1 2026 | 12.00% | 12.00% | 13.20% | 10.45% | $156.6M |
| Q2 2026 | 11.73% | 11.73% | 12.96% | 11.02% | $163.6M |
Farmers and Merchants State Bank regulatory capital, all the way back
Regulatory Capital back to 2001 · peer percentiles on every line item · Excel export
Unlock Farmers and Merchants State Bank, freeSource: Call Report Schedule RC-R, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Farmers and Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 501) · FFIEC NIC profile (RSSD 601153)