BlastPoint's Banking Scorecard
Merchants State Bank
Freeman, SD
4 branches across SD
Merchants State Bank has 4 strengths but faces 2 concerns
Key Strengths
Areas where this bank excels compared to peers
- + ROA 0.36% above tier average
- + Net Interest Margin 0.42% above tier average
- + Efficiency Ratio 16.14% below tier average
- + Delinquency Rate 0.56% below tier average
Key Concerns
Areas that may need attention
- - Liquidity Overhang: Bottom 45.1% in tier
- - Margin Compression: Bottom 54.4% in tier
Core Metrics
As of 2026-Q1
| Metric | Current | vs Tier | Tier Avg | State Avg (SD) | National Avg | Tier Percentile |
|---|---|---|---|---|---|---|
| Total Assets ? |
$217.6M
+0.3% YoY
-1.8% QoQ
|
-$168.5M |
$386.1M
+0.5% YoY
|
$68.7B
+9.0% YoY
|
$6.2B
+9.1% YoY
|
31% |
| Total Loans ? |
$146.6M
+5.9% YoY
-1.1% QoQ
|
-$109.1M |
$255.7M
+1.1% YoY
|
$30.8B
+10.3% YoY
|
$3.2B
+10.8% YoY
|
35% |
| Total Deposits ? |
$176.4M
+1.9% YoY
-2.4% QoQ
|
-$151.5M |
$328.0M
+0.1% YoY
|
$54.8B
+8.5% YoY
|
$4.8B
+8.2% YoY
|
28% |
| Return on Assets ? |
1.63%
-10.8% YoY
-6.4% QoQ
|
+0.36% |
1.27%
+12.9% YoY
|
1.41%
+1.8% YoY
|
1.23%
+13.4% YoY
|
74% |
| Net Interest Margin ? |
4.35%
+2.7% YoY
+1.1% QoQ
|
+0.42% |
3.93%
+6.0% YoY
|
4.19%
+0.4% YoY
|
3.89%
+5.7% YoY
|
76% |
| Efficiency Ratio ? |
49.15%
-7.2% YoY
-12.1% QoQ
|
-16.14% |
65.29%
-4.5% YoY
|
64.00%
-0.6% YoY
|
66.95%
-4.1% YoY
|
Top 14.5% in tier |
| Delinquency Rate ? |
0.33%
-32.4% YoY
-1.4% QoQ
|
-0.56% |
0.89%
+18.8% YoY
|
0.59%
+45.1% YoY
|
0.95%
+18.8% YoY
|
55% |
| Loan-to-Deposit Ratio ? |
83.07%
+3.9% YoY
+1.3% QoQ
|
+6.43% |
76.64%
+0.8% YoY
|
71.70%
+0.3% YoY
|
76.70%
+0.9% YoY
|
39% |
| Non-Interest-Bearing Deposit Share ? |
23.84%
+9.4% YoY
+6.8% QoQ
|
+1.82% |
22.02%
-1.0% YoY
|
23.74%
-0.7% YoY
|
22.01%
-1.2% YoY
|
62% |
| Nonperforming Asset Ratio ? |
0.22%
-28.6% YoY
-0.7% QoQ
|
-0.42% |
0.64%
+19.7% YoY
|
0.41%
+39.3% YoY
|
0.67%
+19.3% YoY
|
57% |
| Tier 1 Capital Ratio ? |
17.13%
+6.7% YoY
+2.7% QoQ
|
+1.30% |
15.83%
+1.5% YoY
|
15.79%
+0.8% YoY
|
17.06%
+0.8% YoY
|
78% |
| Non-Interest Income / Assets ? |
0.04%
-7.9% YoY
-76.9% QoQ
|
-0.24% |
0.28%
+9.3% YoY
|
0.27%
+0.0% YoY
|
0.32%
+4.1% YoY
|
Bottom 13.0% in tier |
Get Full Access to Merchants State Bank
Unlock complete metrics, peer benchmarks, and signature insights for this and every other FDIC-insured bank - always free
Check your email at - link expires in 72 hours
Want to see an example first? Preview JPMorgan Chase's scorecard →
Signature Analysis
Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.
Strengths (0)
Concerns (2)
Liquidity Overhang
riskExceptional capital position (Tier 1 >= 16%, top quartile). Strong fundamentals - opportunity to deploy capital more productively.
Margin Compression
declineProfitability above 0.75% ROA but margins eroding by at least 0.10pp YoY. Something changed - rising costs or falling yields need addressing.
Metric Rankings
See how this bank ranks across all tracked metrics compared to peers.