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First Farmers & Merchants National Bank
Fairmont, MN · FDIC Certificate #33131 · Chartered 09/0
Total assets
$140.44M
Total deposits
$115.36M
Total equity
$13.93M
Net loans
$115.14M
Branches (offices)
2
Net income (YTD)
$726.00K
Rank: #3,374 of 4,213 U.S. banks by assets · #140 of 221 in Minnesota. Assets changed 7.2% and deposits 4.0% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.02% |
| Return on equity | 10.58% |
| Net interest margin (YTD) | 4.17% |
| Equity to assets | 9.92% |
| Tier 1 leverage ratio | 10.59% |
| Uninsured deposits (share of deposits) | 42.6% |
| Noncurrent loans (share of loans) | 0.06% |
| Net charge-offs (share of loans) | 0.20% |
| Loans to deposits | 99.8% |
| Real estate loans (share of loans) | 64.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $74.66M | 64.8% | |
| Commercial & industrial | $17.26M | 15.0% | |
| Consumer / individual | $3.92M | 3.4% | |
| Construction & development | $2.80M | 2.4% | |
| Agricultural | $18.68M | 16.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $127.93M | $106.05M | $771.00K | $15.39M |
| Jun 2023 | $131.05M | $105.88M | $1.11M | $10.82M |
| Jun 2024 | $137.25M | $105.05M | $404.00K | $12.52M |
| Jun 2025 | $130.98M | $110.87M | $475.00K | $12.95M |
| Jun 2026 | $140.44M | $115.36M | $726.00K | $13.93M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $115.36M | 2 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $115.36M.
Similar-sized banks
Bank Of Buffalo ($140.54M) · Farmers Savings Bank ($140.32M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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