The 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 Fed funds sold and reverse repos to assets: 5.37 percentage points lower than in Q1 2026, at 8.02%. On loan-to-deposit ratio, The Farmers and Merchants State Bank is 5th from the bottom among 56 South Dakota banks, 41.65% (Q2 2026). The Farmers and Merchants State Bank reported 41.65% on loan-to-deposit ratio for Q2 2026, 25.97 points below the 67.62% median for banks in the < $100M asset tier.
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $4.8M |
| Cash and noninterest-bearing balances to assets | — |
| Cash and securities | $21.8M |
| Fed funds sold and reverse repos | $2.9M |
| Fed funds sold and reverse repos to assets | 8.02% |
Borrowed funds
| Line item | Q2 2026 |
|---|---|
| Fed funds purchased and repos | $0 |
| Other borrowed money | $0 |
| Subordinated notes and debentures | $0 |
| Other borrowed money to assets | 0.00% |
| Trading liabilities | $0 |
Funding structure
| Line item | Q2 2026 |
|---|---|
| Loan-to-deposit ratio | 41.65% |
| Net loans and leases to deposits | 40.98% |
| Loans and leases to core deposits | 43.99% |
| Core deposits to total deposits | 94.70% |
| Brokered deposits to total deposits | 0.00% |
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 | 43.99% | 93.53% | $266K | $0 |
| Q4 2023 | 43.10% | 93.75% | $0 | $0 |
| Q1 2024 | 41.12% | 93.77% | $0 | $0 |
| Q2 2024 | 45.22% | 93.79% | $0 | $0 |
| Q3 2024 | 46.18% | 93.56% | $0 | $0 |
| Q4 2024 | 47.30% | 93.71% | $0 | $0 |
| Q1 2025 | 45.58% | 94.79% | $0 | $0 |
| Q2 2025 | 42.99% | 94.74% | $0 | $0 |
| Q3 2025 | 46.80% | 94.48% | $0 | $0 |
| Q4 2025 | 44.72% | 94.43% | $0 | $0 |
| Q1 2026 | 38.59% | 94.78% | $0 | $0 |
| Q2 2026 | 41.65% | 94.70% | $0 | $0 |
The 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 The 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 The Farmers and Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 13999) · FFIEC NIC profile (RSSD 425050)