Farmers and Merchants State Bank: Liquidity and Borrowings
Data as of · Call Report Schedules RC and RC-M How we update
Cash, the assets that can be turned into cash, and the borrowed money standing behind the deposit base. Heavy reliance on non-core wholesale funding is what turns a deposit outflow into a forced sale of securities.
The standout move of Q2 2026 was in Loans and leases to core deposits: 10.58 percentage points higher than in Q1 2026, at 119.66%. On loan-to-deposit ratio, Farmers and Merchants State Bank ranks 2nd highest among the 56 banks headquartered in South Dakota, at 107.89% (Q2 2026). Farmers and Merchants State Bank reported 107.89% on loan-to-deposit ratio for Q2 2026, 27.06 points above the 80.84% median for banks in the $100M-1B asset tier.
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $4.5M |
| Cash and noninterest-bearing balances to assets | — |
| Cash and securities | $25.8M |
| Fed funds sold and reverse repos | $1.3M |
| Fed funds sold and reverse repos to assets | 0.74% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $23.1M |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 12.80% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 107.89% |
| Net loans and leases to deposits | 106.46% |
| Loans and leases to core deposits | 119.66% |
| Core deposits to total deposits | 80.38% |
| Brokered deposits to total deposits | 9.78% |
Liquidity and Borrowings trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Liquidity and Borrowings by quarter
| Quarter | Loan-to-deposit | Core deposits share | Fed funds purchased and repos | Other borrowed money |
|---|---|---|---|---|
| Q3 2023 | 87.47% | 73.16% | $3.1M | $4.8M |
| Q4 2023 | 90.22% | 73.50% | $65K | $10.0M |
| Q1 2024 | 92.78% | 74.55% | $1.8M | $10.0M |
| Q2 2024 | 94.57% | 72.48% | $1.3M | $13.0M |
| Q3 2024 | 89.49% | 74.82% | $0 | $9.9M |
| Q4 2024 | 89.02% | 79.07% | $0 | $5.0M |
| Q1 2025 | 96.62% | 74.69% | $3.6M | $16.0M |
| Q2 2025 | 100.41% | 76.03% | $568K | $14.5M |
| Q3 2025 | 102.66% | 80.24% | $0 | $19.8M |
| Q4 2025 | 94.19% | 82.49% | $0 | $10.0M |
| Q1 2026 | 98.69% | 80.48% | $0 | $12.7M |
| Q2 2026 | 107.89% | 80.38% | $0 | $23.1M |
Farmers and Merchants State Bank liquidity and borrowings, all the way back
Liquidity and Borrowings back to 2001 · peer percentiles on every line item · Excel export
Unlock Farmers and Merchants State Bank, freeSource: Call Report Schedules RC and RC-M, 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)