Farmers and Merchants State Bank of Pierz

Pierz, MN7(a) lenderNo approvals since FY2023Top sector: Radio, Television, and Other Electronics Stores

Is this my lender?

Loans approved

FY1992–FY2023

Dollars approved

$10.0M

$1.5M since FY2021

Average loan

$111K

$167K recently

Charge-off rate

3.6%

by dollars · 11.1% by count

Approvals over time

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What they lend against

Radio, Television, and Other Electronics Stores3 Hardware Stores3 Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance3 Sports and Recreation Instruction3 All Other Miscellaneous Manufacturing2 Siding Contractors2

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

Minnesota90 · 100%

Share is of this lender’s entire book, so the 1 states shown need not sum to 100%. Together they account for 100% of its lending.

At a glance

Rank by recent volume#1435 of 2321

First approvalFY1992

Latest approvalFY2023

States lent into1

What they charge

Too few recent 7(a) loans to quote a rate. Rates cluster on round numbers, so a median off a handful of loans reads as precise and is not.

Program mix

7(a) · 100% (90)504 · 0% (0)

Split by loan count.

7(a) $10.0M504 $0

Loss rate in context

This lender3.6%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 11.1%; the two measures diverge when a book is weighted toward small loans.

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