First Farmers & Merchants State Bank
Brownsdale, MN
IDRSSD: 276654
Total Assets
$93.68M
Latest filing
Total Deposits
$81.51M
Latest filing
Net Interest Margin
4.30%
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
106 W Main St
Brownsdale, MN 55918
Full Service - Brick and Mortar
Updated 01/30/2026Established 02/08/1908FDIC Certificate 1044
Branches (1)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| First Farmers & Merchants State Bank (Main) | 106 W Main St | Brownsdale, MN |
| AUSTIN BRANCH | 128 N Main St | Austin, 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, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 02/08/1908 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 55918 |
| 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 | 12 |
| 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 | 1600 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $93.68M |
| Total Deposits | $81.51M |
| Total Liabilities | $84.64M |
| Total Equity Capital | $9.04M |
| Net Income | $11.00k |
| Net Loans and Leases | $72.07M |
| Assets Per Employee ($Millions) | $8.52M |
| Bank Premises and Fixed Assets | $690.00k |
| Cash and Balances due from Depository Institutions | $0 |
| Deposits Held in Domestic Offices | $81.51M |
Key Performance Ratios
| Return on Assets (ROA) | 0.05% |
| Return on Equity (ROE) | 0.49% |
| Net Interest Margin | 4.3% |
| Efficiency Ratio | 55.6% |
| Tier 1 Risk-Based Capital Ratio | 12.519% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 1.5% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.648% |
| Earning Assets to total Assets | 95.71% |
Income and Expense
| Total Interest Income | $1.22M |
| Total Noninterest Income | $65.00k |
| Total Interest Expense | $257.00k |
| Total Noninterest Expense | $571.00k |
| Net Interest Income | $962.00k |
| Pre-tax Net Operating Income | $106.00k |
| Provision for Credit Losses | $350.00k |
| 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 | $1.64M |
| Federal Funds Sold & Reverse Repurchase Agreement | $136.00k |
| Federal Funds Purchased and Repurchased Agreement | $1.05M |
| All Other Liabilities | $438.00k |
| Total Liabilities and Capital | $93.68M |
Securities
| Securities | $16.82M |
| Available-for-sale debt securities | $16.24M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $575.00k |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of First Farmers & Merchants State Bank?
$93.68M as of the latest filing.
How much are First Farmers & Merchants State Bank's total deposits?
$81.51M in total deposits.
Where is First Farmers & Merchants State Bank located?
Brownsdale, MN.
What is the Net Interest Margin?
4.30%.
How many domestic offices does it operate?
2.
When was it established?
02/08/1908.
What is the Return on Assets (ROA)?
0.05%.
How much are total loans and leases?
$72.07M (latest filing).
What is the total interest income (latest filing)?
$1.22M.