First Farmers & Merchants National Bank
Fairmont, MN
IDRSSD: 1470150
Total Assets
$135.38M
Latest filing
Total Deposits
$114.05M
Latest filing
Net Interest Margin
4.02%
Profitability
Locations
Main office and branches. Select to view on the map.
Main Office
First Farmers & Merchants National Bank
114 S Park St
Fairmont, MN 56031
Full Service - Brick and Mortar
Updated 11/14/2025Established 09/07/1990FDIC Certificate 46366
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First Farmers & Merchants National Bank (Main) | 114 S Park St | Fairmont, MN |
| ST. PAUL BRANCH | 332 Minnesota St | Saint Paul, 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 | 09/07/1990 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56031 |
| State and County Number | 27091 |
| 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 | Fairmont, MN |
Operational Info
| Number of Employees | 16 |
| Domestic Offices | 2 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 09/07/1990 |
| Primary Insurance Agency | DIF |
| Website | www.ffmbank.com |
| Data Updated | 11/14/2025 |
| CERT | 33131 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $135.38M |
| Total Deposits | $114.05M |
| Total Liabilities | $122.31M |
| Total Equity Capital | $13.07M |
| Net Income | $235.00k |
| Net Loans and Leases | $109.40M |
| Assets Per Employee ($Millions) | $8.46M |
| Bank Premises and Fixed Assets | $733.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $114.05M |
Key Performance Ratios
| Return on Assets (ROA) | 0.71% |
| Return on Equity (ROE) | 7.23% |
| Net Interest Margin | 4.02% |
| Efficiency Ratio | 66.35% |
| Tier 1 Risk-Based Capital Ratio | 11.919% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.2% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.651% |
| Earning Assets to total Assets | 96.83% |
Income and Expense
| Total Interest Income | $2.00M |
| Total Noninterest Income | $80.00k |
| Total Interest Expense | $702.00k |
| Total Noninterest Expense | $913.00k |
| Net Interest Income | $1.30M |
| Pre-tax Net Operating Income | $397.00k |
| Provision for Credit Losses | $66.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $527.00k |
| Federal Funds Purchased and Repurchased Agreement | $7.13M |
| All Other Liabilities | $1.13M |
| Total Liabilities and Capital | $135.38M |
Securities
| Securities | $14.71M |
| Available-for-sale debt securities | $14.71M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$135.38M as of the latest filing.
How much are First Farmers & Merchants National Bank's total deposits?
$114.05M in total deposits.
Where is First Farmers & Merchants National Bank located?
Fairmont, MN.
What is the Net Interest Margin?
4.02%.
How many domestic offices does it operate?
2.
When was it established?
09/07/1990.
What is the Return on Assets (ROA)?
0.71%.
How much are total loans and leases?
$109.40M (latest filing).
What is the total interest income (latest filing)?
$2.00M.