SBA lender profile
Farmers and Merchants Savings Bank
Farmers and Merchants Savings Bank appears in the public SBA loan data with 167 funded 7(a) loans since FY2010, totaling $84.4M, an average of $506K per loan, and an estimated 3,752 jobs supported. Its SBA lending concentrates in Iowa and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 4.2%. 53.3% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 66
- Scale 65
- Activity 64
- Consistency 80
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Farmers and Merchants Savings Bank the right lender for you?
Lenders fund what they know. Farmers and Merchants Savings Bank's SBA lending concentrates in Iowa (138 loans) and Retail Trade (19 loans), at an average loan of $506K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $124M
- Headquarters
- Iowa City, IA
- FDIC cert
- #10492
- Status
- Active
Where Farmers and Merchants Savings Bank lends
Top states by funded SBA volume.
Metro areas where Farmers and Merchants Savings Bank funds
What Farmers and Merchants Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 19 | $14.5M |
| Construction | 18 | $11.3M |
| Accommodation and Food Services | 31 | $10.4M |
| Professional and Technical Services | 21 | $9.9M |
| Wholesale Trade | 14 | $9.4M |
| Administrative and Support | 13 | $8.6M |
Farmers and Merchants Savings Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 13 | $7.3M |
| 2011 | 8 | $6.2M |
| 2012 | 10 | $5.8M |
| 2013 | 7 | $2.3M |
| 2014 | 6 | $1.2M |
| 2015 | 11 | $3.9M |
| 2016 | 4 | $706K |
| 2017 | 5 | $1.5M |
| 2018 | 10 | $4.7M |
| 2019 | 8 | $3.5M |
| 2020 | 23 | $23.4M |
| 2021 | 7 | $2.2M |
| 2022 | 10 | $7.5M |
| 2023 | 8 | $1.7M |
| 2024 | 20 | $8.4M |
| 2025 | 15 | $3.5M |
| 2026 | 2 | $665K |
Related SBA lenders
Other lenders active in Iowa or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Farmers and Merchants Savings Bank: frequently asked questions
Does Farmers and Merchants Savings Bank offer SBA loans?
Yes. Farmers and Merchants Savings Bank appears in the public SBA data with 167 funded SBA 7(a) loans totaling $84.4M.
How many SBA loans has Farmers and Merchants Savings Bank made?
Farmers and Merchants Savings Bank is associated with 167 SBA 7(a) loans totaling $84.4M in the public SBA data (as of 2026-03-31).
What is Farmers and Merchants Savings Bank's SBA charge-off rate?
About 4.2% of Farmers and Merchants Savings Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Farmers and Merchants Savings Bank do most of its SBA lending?
Farmers and Merchants Savings Bank's SBA lending in the data is most concentrated in Iowa, and by industry in Retail Trade.
Is Farmers and Merchants Savings Bank an SBA Preferred Lender (PLP)?
The loan record shows Farmers and Merchants Savings Bank operating under PLP delegated authority: 89 of its 7(a) loans (53.3%) were processed through the Preferred Lenders Program, including 24 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). Farmers and Merchants Savings Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/farmers-and-merchants-savings-bank/
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