Farmers and Merchants State Bank

Headquarters: Winterset, Iowa
Charter: Bank
Assets: $271.7M
Fed district: Chicago

12 published fees; none has a market median to compare yet.

Source: its fee schedule, read Oct 12, 2026.

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Fees against the market

Comparison with U.S. medians for fees published by banks and credit unions.

Monthly Maintenance
Farmers and Merchants State Bank: $5
Farmers and Merchants State Bank: $5
U.S. median: no median
Overdraft (OD)
Farmers and Merchants State Bank: $30
Farmers and Merchants State Bank: $30
U.S. median: no median
NSF / Returned Item
Farmers and Merchants State Bank: $30
Farmers and Merchants State Bank: $30
U.S. median: no median

A blank median means fewer than 5 publish the fee.

Published schedulesBanks and credit unionsRead Oct 12, 2026View sources

Each amount links to the fee schedule it was read from. Medians for Iowa, the Chicago district and the U.S.: Bank Fee Index published fees, shown where at least 5 institutions publish the fee.

Compared at: The value this page compares: its one price, or the middle of its prices when it lists several (the highest, its standard fee, for overdraft).
Same rules: Its fees and every median use the same rules. Business-only fees are left out. So are CD, IRA, card inactivity, box drilling and key fees filed under a fee they don’t match, and fees charged by a different period than the median (a quarterly fee beside monthly ones).
Iowa: Banks and credit unions headquartered in Iowa that publish the fee.
Chicago district: Banks and credit unions headquartered in the Chicago Fed district that publish the fee.
U.S.: Banks and credit unions across the Bank Fee Index that publish the fee.
About the same: Within 1% of the median.
Account: Fees not tied to a named account apply across its personal accounts.

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Published fee schedule

Amounts from Farmers and Merchants State Bank’s own schedules, with a source for each figure.

Account Maintenance

Maintenance Fee$5
per month
Dormant Fee$5
per month
Account Balancing Assistance$25
Not compared: Charged per hour; comparison unavailable
per hour
Account Research (1hr. min)$25
Not compared: Charged per hour; comparison unavailable
per hour

Overdraft & NSF

Paid Overdraft Fee (each debit or check paid)$30
per item
Returned Item Fee (Per Item, Per Presentment) as NSF$30
per item

ATM & Card

Replace ATM/Debit Card$10

Check Services

Cashiers Check$10
Personal Money Order$5
Non-Customer Check Cashing$10

Account Services

Notary Service (Non-Customer)$10
Drilling Lock on Safe Deposit Box Cost +$100
Not compared: Box drilling or key fee
Duplicate Safe Deposit Box Key$20
Not compared: Box drilling or key fee
Safe Deposit Box 10" x 10"$60
per year
Safe Deposit Box 3" x 10"$40
per year
Safe Deposit Box 3" x 5"$30
per year
Safe Deposit Box 5" x 10"$45
per year
Safe Deposit Box 5" x 5"$35
per year
Garnishments/ Levies$50

Retirement & IRA

IRA Elective Distribution Fee$25
IRA External Transfer Fee$50
per item

Fee	Amount	Basis	Note
Account Maintenance
Maintenance Fee	$5	per month	None
Dormant Fee	$5	per month	None
Account Balancing Assistance	$25Not compared: Charged per hour; comparison unavailable	per hour	None
Account Research (1hr. min)	$25Not compared: Charged per hour; comparison unavailable	per hour	None
Overdraft & NSF
Paid Overdraft Fee (each debit or check paid)	$30	per item	None
Returned Item Fee (Per Item, Per Presentment) as NSF	$30	per item	None
ATM & Card
Replace ATM/Debit Card	$10	Not stated	None
Check Services
Cashiers Check	$10	Not stated	None
Personal Money Order	$5	Not stated	None
Non-Customer Check Cashing	$10	Not stated	None
Account Services
Notary Service (Non-Customer)	$10	Not stated	None
Drilling Lock on Safe Deposit Box Cost +	$100Not compared: Box drilling or key fee	Not stated	None
Duplicate Safe Deposit Box Key	$20Not compared: Box drilling or key fee	Not stated	None
Safe Deposit Box 10" x 10"	$60	per year	None
Safe Deposit Box 3" x 10"	$40	per year	None
Safe Deposit Box 3" x 5"	$30	per year	None
Safe Deposit Box 5" x 10"	$45	per year	None
Safe Deposit Box 5" x 5"	$35	per year	None
Garnishments/ Levies	$50	Not stated	None
Retirement & IRA
IRA Elective Distribution Fee	$25	Not stated	None
IRA External Transfer Fee	$50	per item	None

Correct a fee source

Oct 12, 2026 data snapshot. Each amount links to its fee schedule. The U.S. comparison is the middle 50% of Bank Fee Index published fees, shown where at least 5 institutions publish the fee.

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