Merchants State Bank: Peer Group Comparison
Data as of · peers are US banks in the same asset tier. How we update
This page benchmarks Merchants State Bank of Freeman, SD against its peer group of 2672 similarly-sized US banks as of Q2 2026. For each metric the bank's value is shown next to the peer-group average and the bank's percentile rank and quartile within the cohort, the same peer-benchmarking regulators use to judge whether a bank is an outlier. Top quartile means the bank ranks in the strongest 25% of its peers on that measure.
How to read the two peer columns: Peer avg is the simple mean of the peer group. The percentile is the share of peers this bank outperforms, and the tag beside it compares the bank with the median peer: above means the bank is in the better half, top means the best quarter. A skewed group can pull the mean away from the median, so a bank can sit behind the peer average and still rank above the median peer.
Profitability
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| ROAA | 2.12% | 1.34% | +0.78% | 88th top |
| ROAE | 13.86% | 13.31% | +0.55% | 59th above |
| Net Interest Margin | 4.48% | 3.93% | +0.55% | 78th top |
| Efficiency Ratio | 46.69% | 61.14% | -14.45% | 87th top |
| PPNR / Avg Assets | 2.24% | 1.68% | +0.56% | 81st top |
| Yield on Earning Assets | 5.96% | 5.67% | +0.29% | 67th above |
| Cost of Funds | 1.75% | 1.88% | -0.13% | 54th above |
| Net Interest Spread | 3.68% | 3.32% | +0.36% | 70th above |
Asset Quality
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| NPL / Total Loans | 0.32% | 0.94% | -0.62% | 56th above |
| NPA / Total Assets | 0.21% | 0.70% | -0.49% | 58th above |
| NCO / Avg Loans | -0.00% | 0.16% | -0.16% | 78th top |
| ACL / Total Loans | 0.64% | 1.28% | -0.64% | 5th bottom |
| ACL / NPLs (Coverage) | 201.71% | 1538.98% | -1337.27% | 48th below |
| Texas Ratio | 1.29% | 7.33% | -6.04% | 69th above |
| Provision / NCO | 0.00% | 1395.94% | -1395.94% | 13th bottom |
Capital Adequacy
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Leverage Ratio | 17.26% | 12.14% | +5.12% | 93rd top |
| Equity / Assets | 16.08% | 11.37% | +4.71% | 91st top |
| TCE / Tangible Assets | 16.08% | 11.09% | +4.99% | 92nd top |
Liquidity & Funding
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Loan / Deposit | 81.64% | 80.64% | +1.00% | 48th below |
| Core Deposit Ratio | 91.58% | 86.86% | +4.72% | 64th above |
Growth & Management
| Metric | This bank | Peer avg | Diff | Rank vs median peer |
|---|---|---|---|---|
| Asset Growth (Y/Y) | 2.26% | 6.85% | -4.59% | 34th below |
| Loan Growth (Y/Y) | 4.72% | 7.90% | -3.18% | 46th below |
| Deposit Growth (Y/Y) Behind the peer average, ahead of the median peer. | 4.02% | 6.29% | -2.27% | 50th above |
See Merchants State Bank's peers by name
The 2672 banks in this peer group, by name · build custom peer groups · percentile history · Excel export
Unlock Merchants State Bank, freeSource: FFIEC call reports + UBPR, standardized by BankRegReports. Peer averages and percentiles are computed against US banks in the same asset tier, point-in-time as filed. See the full Merchants State Bank profile, how to read a UBPR, or how this data updates.