What is the highest paying job at Merchants State Bank?

Based on our latest data, the highest paying role at Merchants State Bank is Business Anaylst, earning approximately $136,585 annually.

Where is Merchants State Bank located?

Merchants State Bank is headquartered in FREEMAN, SD, but may have operations in other locations within the Financial Services sector.

What industry is Merchants State Bank in?

Merchants State Bank operates in the Financial Services industry.

Merchants State Bank Average Salary and Pay Ranges

Merchants State Bank Salary

Yearly Salary Hourly Rate Monthly Salary Weekly Salary

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Salary at Merchants State Bank

How Much Does Merchants State Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Merchants State Bank. Based on our data, the highest paying job is the Business Anaylst, with an annual salary of $136,585. The table below outlines the annual salary ranges for most popular roles within the company.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Loan Documentation Manager

$111,496 / year

Salary Range: $100,164 - $125,601

Retail

Universal Banker II

$64,820 / year

Salary Range: $56,525 - $74,966

Resident Services

Bilingual Universal Banker, Mandarin, Cantonese and English

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Bilingual Relationship Banker, Mandarin or Cantonese and English

$92,266 / year

Salary Range: $79,068 - $105,690

Relationship Management

SBA Commercial Loan Processor

$39,889 / year

Salary Range: $35,891 - $44,332

Consumer Payment

Bilingual Universal Banker II, Vietnamese and English

$46,020 / year

Salary Range: $40,878 - $54,223

Sales

Bilingual Universal Banker, Korean and English Preferred Job

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Bilingual Universal Banker I, Mandarin, Cantonese and English

$41,884 / year

Salary Range: $37,017 - $50,497

Sales

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Merchants State Bank.

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About Merchants State Bank: Company Profile

Website

www.msb-sd.com

Founded In

1948

Employees

25 - 50 employees

Industry

Financial Services

Headquarter Location

FREEMAN

Revenue

$5 Million - $10 Million

Phone Number

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Merchants State Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.

There’s a clear path for advancement. Problem-solving approaches are constructive. Leadership is professional but cautious, preferring to maintain the status quo. Great time management tools and clear priorities from management help everyone stay focused.

Commented in May 04, 2025

It's exciting to be part of an institution shaping the future of finance. Managers are supportive and encourage professional development. I’ve had exposure to areas like compliance, data analytics, and operations thanks to a strong rotation system. Challenging projects with great learning potential. It’s a solid company for those who value structure over flexibility or dynamic projects. Everyone h...

Commented in July 20, 2024

Policies are well documented, but application varies by department. The workplace culture is respectful but somewhat rigid. A routine-driven environment with predictable outcomes. Pet insurance was a welcome surprise.

Commented in July 03, 2024

Meetings are regular and productive, though they can feel repetitive. Training programs are available but lack consistency across departments. I’ve grown professionally here and feel consistently encouraged to contribute ideas and lead projects.

Commented in January 22, 2024

How Merchants State Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Merchants State Bank’s pay competitiveness. Click on a company for a deeper dive.

MOUNTAIN VALLEY BANK (DUNLAP, TN)

Avg. Salary: $73,973

MID-CENTRAL FEDERAL SAINGS BANK

Avg. Salary: $78,331

MARCO COMMUNITY BANCORP, INC.

Avg. Salary: $77,886

MARINE BANCSHARES, INC.

Avg. Salary: $88,703

MID-SOUTHERN, M.H.C.

Avg. Salary: $77,778

CITIZEN'S STATE BANK OF SHAKOPEE

Avg. Salary: $88,788

THE KANSAS STATE BANK

Avg. Salary: $77,211

LITTLE HORN STATE BANK

Avg. Salary: $78,879

FIRST STATE BANK

Avg. Salary: $77,278

FIRST STATE BANK OF DEKALB COUNTY

Avg. Salary: $73,762

ADVANTAGE COMMUNITY BANCSHARES, INC.

Avg. Salary: $76,622

CASEY COUNTY BANK

Avg. Salary: $79,816

Is Merchants State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Merchants State Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
MOUNTAIN VALLEY BANK (DUNLAP, TN)	$73,973	+0.8%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
MID-CENTRAL FEDERAL SAINGS BANK	$78,331	+6.7%	Supported by MID-CENTRAL FEDERAL SAINGS BANK's high-margin contracts allowing higher overhead.
MARCO COMMUNITY BANCORP, INC.	$77,886	+6.1%	Data suggests MARCO COMMUNITY BANCORP, INC.'s workforce skews heavily towards veteran, high-tenure roles.
MARINE BANCSHARES, INC.	$88,703	+20.9%	Adjusted for higher cost-of-living indices in MARINE BANCSHARES, INC.'s primary metro hubs.
Financial Services Industry	$121,514	+65.6%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

What Is the Cost of Living Near Sioux Falls?

Understanding the cost of living near Sioux Falls is key to truly evaluating a salary offer or your current compensation at Merchants State Bank.

Sioux Falls' Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 3.0% less than SD average). Largest SD city, financial/healthcare hub, affordable housing. SAM bus. When planning your budget based on a salary from Merchants State Bank, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$900 - $1,400+	A significant portion of Merchants State Bank salary. Location choices impact this heavily.
Utilities (Basic)	$110 - $200	Electricity, Heating, Cooling, Water etc.
Public Transportation	$30 (SAM monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$390 - $570	Can be higher with more dining out or specialty stores.
Personal & Leisure	$350 - $650+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$370 - $680+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,150 - $3,500+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Merchants State Bank

FAQ 1: What is the typical salary range (low to high) for most roles at Merchants State Bank?

The typical annual salary range for most roles at Merchants State Bank is approximately from $64,352 to $83,293. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

FAQ 2: How much does Merchants State Bank pay compared to MOUNTAIN VALLEY BANK (DUNLAP, TN)?

The average annual salary at Merchants State Bank is $73,383, or an hourly wage of $35, in comparison to MOUNTAIN VALLEY BANK (DUNLAP, TN) which pays $73,973 per year or $36 per hour.

FAQ 3: How does experience level affect salary at Merchants State Bank?

Experience level is a significant factor in determining salary at Merchants State Bank, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

FAQ 4: How can I determine if a salary offer from Merchants State Bank in Sioux Falls is fair given the local cost of living?

To determine if a salary offer from Merchants State Bank in Sioux Falls is fair, first compare the gross salary to our data for similar roles at Merchants State Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Sioux Falls" to understand its purchasing power.

FAQ 5: What factors influence salary increases at Merchants State Bank?

Salary increases at Merchants State Bank are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.