First Farmers & Merchants State Bank of Grand Meadow
Grand Meadow, MN
IDRSSD: 77150
Total Assets
$97.52M
Latest filing
Total Deposits
$88.05M
Latest filing
Net Interest Margin
4.14%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
First Farmers & Merchants State Bank of Grand Meadow
105 Main St N
Grand Meadow, MN 55936
Full Service - Brick and Mortar
Updated 01/30/2026Established 04/09/1938FDIC Certificate 9902
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First Farmers & Merchants State Bank of Grand Meadow (Main) | 105 Main St N | Grand Meadow, MN |
| DETACHED FACILITY | 19 East Main Street | Racine, MN |
| STEWARTVILLE BRANCH | 111 20th St Ne | Stewartville, MN |
Showing 2 of 2
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 | 04/09/1938 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55936 |
| State and County Number | 27099 |
| 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 | Austin, MN |
Operational Info
| Number of Employees | 13 |
| Domestic Offices | 3 |
| 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 | 10/04/1938 |
| Primary Insurance Agency | DIF |
| Website | www.ffmbank.com |
| Data Updated | 01/30/2026 |
| CERT | 15621 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $97.52M |
| Total Deposits | $88.05M |
| Total Liabilities | $89.46M |
| Total Equity Capital | $8.06M |
| Net Income | $186.00k |
| Net Loans and Leases | $69.70M |
| Assets Per Employee ($Millions) | $8.13M |
| Bank Premises and Fixed Assets | $930.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $88.05M |
Key Performance Ratios
| Return on Assets (ROA) | 0.78% |
| Return on Equity (ROE) | 9.35% |
| Net Interest Margin | 4.14% |
| Efficiency Ratio | 62.63% |
| Tier 1 Risk-Based Capital Ratio | 11.726% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.22% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.263% |
| Earning Assets to total Assets | 95.89% |
Income and Expense
| Total Interest Income | $1.40M |
| Total Noninterest Income | $42.00k |
| Total Interest Expense | $444.00k |
| Total Noninterest Expense | $625.00k |
| Net Interest Income | $956.00k |
| Pre-tax Net Operating Income | $321.00k |
| Provision for Credit Losses | $52.00k |
| 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 | $734.00k |
| Federal Funds Sold & Reverse Repurchase Agreement | $739.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $679.00k |
| Total Liabilities and Capital | $97.52M |
Securities
| Securities | $12.13M |
| Available-for-sale debt securities | $12.13M |
| 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 State Bank of Grand Meadow?
$97.52M as of the latest filing.
How much are First Farmers & Merchants State Bank of Grand Meadow's total deposits?
$88.05M in total deposits.
Where is First Farmers & Merchants State Bank of Grand Meadow located?
Grand Meadow, MN.
What is the Net Interest Margin?
4.14%.
How many domestic offices does it operate?
3.
When was it established?
04/09/1938.
What is the Return on Assets (ROA)?
0.78%.
How much are total loans and leases?
$69.70M (latest filing).
What is the total interest income (latest filing)?
$1.40M.