SBA lender profile
The Farmers and Merchants State Bank
The Farmers and Merchants State Bank appears in the public SBA loan data with 16 funded 7(a) loans totaling $10.2M, an average of $636K per loan, and an estimated 242 jobs supported. Its SBA lending concentrates in Indiana and the Manufacturing 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
16
Total volume
$10.2M
Average loan size
$636K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
242
Programs
7(a)
Bank profile
via FDIC- Total assets
- $36M
- Headquarters
- Scotland, SD
- FDIC cert
- #13999
- Status
- Active
Where The Farmers and Merchants State Bank lends
Top states by funded SBA volume.
What The Farmers and Merchants State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 3 | $4.4M |
| Accommodation and Food Services | 4 | $1.3M |
| Health Care and Social Assistance | 2 | $1.3M |
| Professional and Technical Services | 1 | $1.1M |
| Arts, Entertainment, Recreation | 2 | $884K |
| Retail Trade | 1 | $713K |
The Farmers and Merchants State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $4.1M |
| 2021 | 2 | $924K |
| 2022 | 2 | $511K |
| 2023 | 2 | $291K |
| 2024 | 3 | $660K |
| 2025 | 3 | $1.4M |
| 2026 | 2 | $2.2M |
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 The 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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