FM Bank
Waseca, MN
IDRSSD: 20857
Total Assets
$705.17M
Latest filing
Total Deposits
$620.67M
Latest filing
Net Interest Margin
3.32%
Profitability
Routing numbers
Primary routing transit numbers associated with this institution.
2 routesView all→
091216696GRANITE FALLS, MN091902793WASECA, MN
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
FM Bank
220 Elm Ave E
Waseca, MN 56093
Full Service - Brick and Mortar
Updated 01/30/2026Established 01/01/1878FDIC Certificate 7048
Branches (5)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| FM Bank (Main) | 220 Elm Ave E | Waseca, MN |
| FERGUS FALLS BRANCH | 226 E Lincoln Ave | Fergus Falls, MN |
| OLIVIA OFFICE BRANCH | 815 E Depue Ave | Olivia, MN |
| WHEATON BRANCH | 921 Broadway | Wheaton, MN |
| CLARKFIELD BRANCH | 940 10th Ave | Clarkfield, MN |
| GRANITE FALLS BRANCH | 702 Prentice St | Granite Falls, MN |
Showing 5 of 5
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 | 01/01/1878 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 56093 |
| State and County Number | 27161 |
| Subchapter S Corporations | Yes |
| 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 | N/A |
Operational Info
| Number of Employees | 66 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 10/26/2023 |
| Date of Deposit Insurance | 01/01/1934 |
| Primary Insurance Agency | DIF |
| Website | mybankfm.com |
| Data Updated | 01/30/2026 |
| CERT | 10998 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $705.17M |
| Total Deposits | $620.67M |
| Total Liabilities | $650.28M |
| Total Equity Capital | $54.89M |
| Net Income | $1.57M |
| Net Loans and Leases | $465.52M |
| Assets Per Employee ($Millions) | $10.37M |
| Bank Premises and Fixed Assets | $14.53M |
| Cash and Balances due from Depository Institutions | $17.88M |
| Deposits Held in Domestic Offices | $620.67M |
Key Performance Ratios
| Return on Assets (ROA) | 0.9% |
| Return on Equity (ROE) | 11.85% |
| Net Interest Margin | 3.32% |
| Efficiency Ratio | 64.89% |
| Tier 1 Risk-Based Capital Ratio | 10.796% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 7.784% |
| Earning Assets to total Assets | 94.94% |
Income and Expense
| Total Interest Income | $8.85M |
| Total Noninterest Income | $215.00k |
| Total Interest Expense | $3.32M |
| Total Noninterest Expense | $3.74M |
| Net Interest Income | $5.53M |
| Pre-tax Net Operating Income | $2.00M |
| Provision for Credit Losses | $0 |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $900.00k |
| Other borrowed funds | $6.04M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $20.16M |
| All Other Liabilities | $3.41M |
| Total Liabilities and Capital | $705.17M |
Securities
| Securities | $189.92M |
| Available-for-sale debt securities | $94.93M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $94.94M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of FM Bank?
$705.17M as of the latest filing.
How much are FM Bank's total deposits?
$620.67M in total deposits.
Where is FM Bank located?
Waseca, MN.
What is the Net Interest Margin?
3.32%.
How many domestic offices does it operate?
6.
When was it established?
01/01/1878.
What is the Return on Assets (ROA)?
0.9%.
How much are total loans and leases?
$465.52M (latest filing).
What is the total interest income (latest filing)?
$8.85M.