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 Other borrowed money: 100.0% lower than in Q1 2026, at $0. Within South Dakota, Merchants State Bank is 25th of 56 on loan-to-deposit ratio, 81.64% as of Q2 2026, above the middle of the field. The median for banks in the $100M-1B asset tier is 80.94% on loan-to-deposit ratio; Merchants State Bank reported 81.64% for Q2 2026, nearly level with it.
Liquid assets
| Line item | Q2 2026 |
|---|---|
| Cash and balances due from depository institutions | $11.8M |
| Cash and noninterest-bearing balances to assets | — |
| Cash and securities | $62.8M |
| Fed funds sold and reverse repos | $5.2M |
| Fed funds sold and reverse repos to assets | 2.37% |
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 | 81.64% |
| Net loans and leases to deposits | 81.12% |
| Loans and leases to core deposits | 89.15% |
| Core deposits to total deposits | 91.58% |
| Brokered deposits to total deposits | 1.78% |
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 | 78.47% | 88.55% | $0 | $10.0M |
| Q4 2023 | 80.61% | 89.06% | $0 | $10.0M |
| Q1 2024 | 83.19% | 87.39% | $0 | $13.0M |
| Q2 2024 | 81.02% | 87.56% | $0 | $10.1M |
| Q3 2024 | 80.58% | 86.11% | $0 | $6.0M |
| Q4 2024 | 83.21% | 88.61% | $665K | $5.0M |
| Q1 2025 | 80.55% | 88.98% | $0 | $11.0M |
| Q2 2025 | 81.10% | 90.54% | $0 | $7.0M |
| Q3 2025 | 82.23% | 90.34% | $0 | $7.0M |
| Q4 2025 | 82.54% | 90.89% | $0 | $4.0M |
| Q1 2026 | 83.61% | 90.87% | $0 | $4.0M |
| Q2 2026 | 81.64% | 91.58% | $0 | $0 |
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 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 Merchants State Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 1125) · FFIEC NIC profile (RSSD 289757)