First Farmers & Merchants Bank
Cannon Falls, MN
IDRSSD: 217059
Total Assets
$489.58M
Latest filing
Total Deposits
$441.77M
Latest filing
Net Interest Margin
4.02%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
First Farmers & Merchants Bank
920 4th St S
Cannon Falls, MN 55009
Full Service - Brick and Mortar
Updated 01/30/2026Established 06/21/1915FDIC Certificate 6509
Branches (6)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First Farmers & Merchants Bank (Main) | 920 4th St S | Cannon Falls, MN |
| WHITE ROCK BRANCH | 13313 County 1 Blvd | Cannon Falls, MN |
| BELLECHESTER BRANCH | 601 1st St | Bellchester, MN |
| CANNON FALLS FAMILY FARE BRANCH | 425 Main St W | Cannon Falls, MN |
| RED WING BRANCH | 3141 N Service Dr | Red Wing, MN |
| LE SUEUR BRANCH | 112 S Main St | Le Sueur, MN |
| GOODHUE BRANCH | 202 3rd Ave | Goodhue, MN |
Showing 6 of 6
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 06/21/1915 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55009 |
| State and County Number | 27049 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | Red Wing, MN |
Operational Info
| Number of Employees | 52 |
| Domestic Offices | 7 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 06/30/2024 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | www.ffmbank.com |
| Data Updated | 01/30/2026 |
| CERT | 10168 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $489.58M |
| Total Deposits | $441.77M |
| Total Liabilities | $447.39M |
| Total Equity Capital | $42.19M |
| Net Income | $1.32M |
| Net Loans and Leases | $290.86M |
| Assets Per Employee ($Millions) | $9.6M |
| Bank Premises and Fixed Assets | $3.49M |
| Cash and Balances due from Depository Institutions | $44.62M |
| Deposits Held in Domestic Offices | $441.77M |
Key Performance Ratios
| Return on Assets (ROA) | 1.1% |
| Return on Equity (ROE) | 12.72% |
| Net Interest Margin | 4.02% |
| Efficiency Ratio | 49.64% |
| Tier 1 Risk-Based Capital Ratio | 13.596% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.08% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.618% |
| Earning Assets to total Assets | 96.12% |
Income and Expense
| Total Interest Income | $6.11M |
| Total Noninterest Income | $447.00k |
| Total Interest Expense | $1.45M |
| Total Noninterest Expense | $2.54M |
| Net Interest Income | $4.66M |
| Pre-tax Net Operating Income | $2.47M |
| Provision for Credit Losses | $100.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $1.11M |
| Federal Funds Sold & Reverse Repurchase Agreement | $251.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $4.51M |
| Total Liabilities and Capital | $489.58M |
Securities
| Securities | $143.37M |
| Available-for-sale debt securities | $142.63M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $730.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First Farmers & Merchants Bank?
$489.58M as of the latest filing.
How much are First Farmers & Merchants Bank's total deposits?
$441.77M in total deposits.
Where is First Farmers & Merchants Bank located?
Cannon Falls, MN.
What is the Net Interest Margin?
4.02%.
How many domestic offices does it operate?
7.
When was it established?
06/21/1915.
What is the Return on Assets (ROA)?
1.1%.
How much are total loans and leases?
$290.86M (latest filing).
What is the total interest income (latest filing)?
$6.11M.