First Farmers & Merchants National Bank
Luverne, MN
IDRSSD: 917854
Total Assets
$243.81M
Latest filing
Total Deposits
$215.06M
Latest filing
Net Interest Margin
4.10%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
First Farmers & Merchants National Bank
303 E Main St
Luverne, MN 56156
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1931FDIC Certificate 3476
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First Farmers & Merchants National Bank (Main) | 303 E Main St | Luverne, MN |
| PIPESTONE BRANCH | 107 E Main St | Pipestone, MN |
Showing 1 of 1
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, national (federal) charter, Fed member, and supervised by the OCC |
| Primary Regulator | OCC |
| Established Date | 01/01/1931 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56156 |
| State and County Number | 27133 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 09 |
| Numeric code | 3 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Kansas City |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 27 |
| Domestic Offices | 2 |
| 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 | 5186 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $243.81M |
| Total Deposits | $215.06M |
| Total Liabilities | $219.14M |
| Total Equity Capital | $24.67M |
| Net Income | $823.00k |
| Net Loans and Leases | $178.16M |
| Assets Per Employee ($Millions) | $9.38M |
| Bank Premises and Fixed Assets | $818.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $215.06M |
Key Performance Ratios
| Return on Assets (ROA) | 1.36% |
| Return on Equity (ROE) | 13.61% |
| Net Interest Margin | 4.1% |
| Efficiency Ratio | 49.92% |
| Tier 1 Risk-Based Capital Ratio | 13.901% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | -0.16% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 10.12% |
| Earning Assets to total Assets | 97.2% |
Income and Expense
| Total Interest Income | $3.31M |
| Total Noninterest Income | $71.00k |
| Total Interest Expense | $920.00k |
| Total Noninterest Expense | $1.23M |
| Net Interest Income | $2.39M |
| Pre-tax Net Operating Income | $1.33M |
| Provision for Credit Losses | $-97,000 |
| 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 | $1.10M |
| Federal Funds Sold & Reverse Repurchase Agreement | $105.00k |
| Federal Funds Purchased and Repurchased Agreement | $1.59M |
| All Other Liabilities | $1.39M |
| Total Liabilities and Capital | $243.81M |
Securities
| Securities | $47.73M |
| Available-for-sale debt securities | $47.73M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First Farmers & Merchants National Bank?
$243.81M as of the latest filing.
How much are First Farmers & Merchants National Bank's total deposits?
$215.06M in total deposits.
Where is First Farmers & Merchants National Bank located?
Luverne, MN.
What is the Net Interest Margin?
4.10%.
How many domestic offices does it operate?
2.
When was it established?
01/01/1931.
What is the Return on Assets (ROA)?
1.36%.
How much are total loans and leases?
$178.16M (latest filing).
What is the total interest income (latest filing)?
$3.31M.