SBA lender profile
Farmers and Merchants State Bank
Farmers and Merchants State Bank appears in the public SBA loan data with 3 funded 7(a) loans totaling $1.6M, an average of $538K per loan, and an estimated 40 jobs supported. Its SBA lending concentrates in Iowa and the Wholesale 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
3
Total volume
$1.6M
Average loan size
$538K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
40
Programs
7(a)
Bank profile
via FDIC- Total assets
- $265M
- Headquarters
- Winterset, IA
- FDIC cert
- #15610
- Status
- Active
Where Farmers and Merchants State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Iowa | 3 | $1.6M |
What Farmers and Merchants State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 1 | $1.0M |
| Other Services | 1 | $465K |
| Finance and Insurance | 1 | $150K |
Farmers and Merchants State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $1.5M |
| 2025 | 1 | $150K |
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 State 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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