SBA lender profile
Farmers and Merchants Savings Bank
Farmers and Merchants Savings Bank appears in the public SBA loan data with 85 funded 7(a) loans totaling $47.4M, an average of $557K per loan, and an estimated 1,836 jobs supported. Its SBA lending concentrates in Iowa and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
85
Total volume
$47.4M
Average loan size
$557K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,836
Programs
7(a)
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.
| State | Loans | Total volume |
|---|---|---|
| Iowa | 59 | $35.3M |
| Minnesota | 22 | $11.8M |
| Washington | 1 | $108K |
| Wisconsin | 2 | $100K |
| Texas | 1 | $50K |
What Farmers and Merchants Savings Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 13 | $9.9M |
| Wholesale Trade | 9 | $7.0M |
| Construction | 10 | $6.3M |
| Professional and Technical Services | 10 | $5.9M |
| Administrative and Support | 7 | $5.5M |
| Accommodation and Food Services | 11 | $5.4M |
Farmers and Merchants Savings Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 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 |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Farmers and Merchants Savings Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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