Merchants State Bank: Loan Portfolio
Data as of · Call Report Schedule RC-C How we update
The loan book by category. Concentration is what supervisors read here: a portfolio weighted heavily toward one collateral type carries that sector's cycle, which is the mechanism behind most community-bank failures.
State and political subdivisions climbed 2.11 percentage points in Q2 2026, from 0.63% to 2.74%. It was the largest change from Q1 2026 among the key lines here. Merchants State Bank ranks 25th of 56 South Dakota banks on loan-to-deposit ratio, in the upper half at 81.64% (Q2 2026). The median for banks in the $100M-1B asset tier is 80.84% on loan-to-deposit ratio; Merchants State Bank reported 81.64% for Q2 2026, nearly level with it.
Loan totals
| Line item | Q2 2026 |
|---|---|
| Total loans and leases | $147.5M |
| Net loans and leases | $146.6M |
| Loans held for sale | $0 |
| Loans to total assets | 67.19% |
| Loan-to-deposit ratio | 81.64% |
| Net loans to equity capital | 4.15% |
Portfolio mix (share of total loans)
| Line item | Q2 2026 |
|---|---|
| Commercial real estate (nonfarm nonresidential) | 15.14% |
| Multifamily (5+ residential) | 0.00% |
| Commercial and industrial | 9.61% |
| Consumer | 1.70% |
| Credit cards | 0.02% |
| Farm | 49.22% |
| Loans to depository institutions | 0.00% |
| State and political subdivisions | 2.74% |
Concentration measures
| Line item | Q2 2026 |
|---|---|
| CRE concentration (Tier 1 capital + allowance) | 24.41% |
| Construction concentration (Tier 1 capital + allowance) | 0.00% |
Supervisory definition (FFIEC UBPR page 7B): construction and land development, multifamily, non-owner-occupied nonfarm nonresidential and unsecured CRE loans, over Tier 1 capital plus the allowance for credit losses. Owner-occupied CRE and farmland are excluded. The 2006 interagency guidance flags CRE above 300% of capital, or construction and development above 100%, for heightened supervisory scrutiny. These are screening thresholds, not limits.
Loan earnings
| Line item | Q2 2026 |
|---|---|
| Yield on loans | 7.21% |
| Interest income on loans | $2.7M |
Loan Portfolio trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Loan Portfolio by quarter
| Quarter | Total loans | Total deposits | Commercial real estate | Commercial and industrial | Consumer |
|---|---|---|---|---|---|
| Q3 2023 | $135.4M | $172.6M | 18.24% | 11.07% | 2.29% |
| Q4 2023 | $143.2M | $177.7M | 15.11% | 9.77% | 2.08% |
| Q1 2024 | $144.7M | $173.9M | 16.18% | 9.43% | 2.13% |
| Q2 2024 | $143.2M | $176.8M | 16.93% | 10.27% | 2.11% |
| Q3 2024 | $139.8M | $173.5M | 15.30% | 10.15% | 2.19% |
| Q4 2024 | $142.9M | $171.7M | 13.07% | 9.25% | 2.17% |
| Q1 2025 | $139.5M | $173.1M | 13.90% | 9.63% | 2.13% |
| Q2 2025 | $140.9M | $173.7M | 14.65% | 9.49% | 2.11% |
| Q3 2025 | $139.6M | $169.8M | 15.65% | 10.07% | 2.24% |
| Q4 2025 | $149.1M | $180.7M | 14.69% | 9.29% | 1.80% |
| Q1 2026 | $147.5M | $176.4M | 16.63% | 9.65% | 1.67% |
| Q2 2026 | $147.5M | $180.7M | 15.14% | 9.61% | 1.70% |
Merchants State Bank loan portfolio, all the way back
Loan Portfolio back to 2001 · peer percentiles on every line item · Excel export
Unlock Merchants State Bank, freeSource: Call Report Schedule RC-C, 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)