What is First Farmers & Merchants National Bank's financial health grade?

First Farmers & Merchants National Bank has a TFS Financial Health Grade of B (score: 77.5/100). This grade is based on capital adequacy, asset quality, earnings, and consumer protection metrics.

How many branches does First Farmers & Merchants National Bank have?

First Farmers & Merchants National Bank has 2 branch locations across the United States.

Is First Farmers & Merchants National Bank FDIC insured?

Yes, First Farmers & Merchants National Bank is FDIC insured (Certificate #33131).

What are the total assets of First Farmers & Merchants National Bank?

First Farmers & Merchants National Bank has total assets of $143.6M as reported in its most recent FDIC filing.

First Farmers & Merchants National Bank: Safety Grade & Financial Health

BankFairmont, Minnesota

www.ffmbank.com

Total Assets

$143.6M

Total Deposits

$122.0M

Branches

Established

1990

First Farmers & Merchants National Bank is a bank headquartered in Fairmont, Minnesota, established in 1990. It holds $143.6M in total assets across 2 branch locations. In our editorial opinion, based on public FDIC/NCUA data, First Farmers & Merchants National Bank earns a TFS Financial Health Grade of B (77.5/100) — our editorial assessment, not an official rating or financial advice.

TFS Health Grade

77.5 / 100

Good financial health

How we grade

TFS Health Grades are our editorial opinion based on public FDIC/NCUA data — not an official rating, not financial advice.

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Capital & Safety

Tier 1 Capital Ratio

10.42%(8%)

Total Capital Ratio

13.34%(10%)

Non-Performing Loan Ratio

0.17%

Profitability

Return on Assets (ROA)

0.75%(1%)

Return on Equity (ROE)

7.85%(10%)

Net Interest Margin

3.90%

Efficiency Ratio

67.48%(60%)

Lending & Liquidity

Total Loans

$111.4M

Loan-to-Deposit Ratio

90.11%

Net Charge-Off Ratio

Other banks in Minnesota

State Bank of Fairmont

Bank

Fairmont, MN

$141.5M

Ameriprise Bank, FSB

Bank

Minneapolis, MN

$25.3B

B-

WINGS FINANCIAL

Apple Valley, MN

$9.3B

TRUSTONE FINANCIAL

Growth

Asset Growth (YoY)

+5.20%

Deposit Growth (YoY)

+9.39%

Net Income

$1.0M

Data sourced from FDIC BankFind Suite / NCUA Call Reports as of 2025-Q4. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

No CFPB complaints found for this institution.

Data sourced from CFPB Consumer Complaint Database. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

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Branch	Address	City	State	Type
First Farmers & Merchants National BankHQ	114 S Park St	Fairmont	MN	11
First Farmers & Merchants National Bank	332 Minnesota St	Saint Paul	MN	11

Data sourced from FDIC BankFind Suite. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

Institution Details

Institution TypeBank

FDIC Certificate #33131

Primary RegulatorOCC

FDIC/NCUA InsuredYes

Data sourced from FDIC / NCUA. This data is provided by the federal government and is believed to be accurate, but TheFinanceSection.com cannot guarantee its completeness or timeliness.

TFS Financial Health Grades represent our editorial assessment based on publicly available data and our proprietary methodology. They do not represent financial advice or an official government rating. Data on this page is sourced from federal government databases and is believed to be accurate.