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First Farmers & Merchants State Bank

Brownsdale, MN
IDRSSD: 276654
Total Assets
$93.06M
Latest filing
Total Deposits
$82.91M
Latest filing
Net Interest Margin
4.19%
Profitability
0

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 ClassCommercial bank, state charter, Fed non-member, and supervised by the FDIC
Primary RegulatorFDIC
Established Date02/08/1908
Community BankYes
Ownership TypeNot Mutual
ZIP55918
State and County Number27099
Subchapter S CorporationsNo
Trust PowersN/A
Federal Reserve ID Number09
Numeric code21
Insured by FDICInstitutions that are currently open and insured by the FDIC
Federal Reserve DistrictKansas City
Core Based Statistical Area NameAustin, MN

Operational Info

Number of Employees12
Domestic Offices2
Foreign Offices0
US Offices0
Directly owned by another bank (CERT)No
Last Structure Change Effective Date06/30/2024
Date of Deposit Insurance01/01/1934
Primary Insurance AgencyDIF
Websitewww.ffmbank.com
Data Updated11/14/2025
CERT1600
Office of The Comptroller District:—
Office of Thrift Supervision RegionN/A

Financial Summary

Total Assets$93.06M
Total Deposits$82.91M
Total Liabilities$84.11M
Total Equity Capital$8.95M
Net Income$165.00k
Net Loans and Leases$70.88M
Assets Per Employee ($Millions)$7.76M
Bank Premises and Fixed Assets$693.00k
Cash and Balances due from Depository Institutions$0
Deposits Held in Domestic Offices$82.91M

Key Performance Ratios

Return on Assets (ROA)0.7%
Return on Equity (ROE)7.5%
Net Interest Margin4.19%
Efficiency Ratio60.2%
Tier 1 Risk-Based Capital Ratio12.408%
Net Loans and Leases to Core Deposits0%
Credit Loss Provision to Assets0.35%
Cash Dividends to Net Income (YTD Only)0%
Equity Capital to Assets9.616%
Earning Assets to total Assets95.78%

Income and Expense

Total Interest Income$1.26M
Total Noninterest Income$65.00k
Total Interest Expense$309.00k
Total Noninterest Expense$611.00k
Net Interest Income$950.00k
Pre-tax Net Operating Income$322.00k
Provision for Credit Losses$82.00k
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$850.00k
Federal Funds Sold & Reverse Repurchase Agreement$495.00k
Federal Funds Purchased and Repurchased Agreement$0
All Other Liabilities$353.00k
Total Liabilities and Capital$93.06M

Securities

Securities$16.70M
Available-for-sale debt securities$16.13M
Equity securities with readily determinable fair values not held for trading$0
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?
$93.06M as of the latest filing.
How much are First Farmers & Merchants State Bank's total deposits?
$82.91M in total deposits.
Where is First Farmers & Merchants State Bank located?
Brownsdale, MN.
What is the Net Interest Margin?
4.19%.
How many domestic offices does it operate?
2.
When was it established?
02/08/1908.
What is the Return on Assets (ROA)?
0.7%.
How much are total loans and leases?
$70.88M (latest filing).
What is the total interest income (latest filing)?
$1.26M.