First Farmers and Merchants National Bank

First Farmers and Merchants National Bank is headquartered in Luverne and is the 115^st largest bank in the state of Minnesota. It is also the 3,850^th largest bank in the nation. It was established in 1931 and as of March of 2012, it had grown to 46 employees at 2 locations. First Farmers and Merchants National Bank has a 5-star health rating.

Data for Q1 2012

First Farmers and Merchants National Bank consists of multiple companies with separate FDIC numbers. Click on an FDIC number to view the health for that company:

5186 - First Farmers and Merchants National Bank
8855 - First Farmers & Merchants National Bank
1600 - First Farmers & Merchants State Bank
33131 - First Farmers & Merchants National Bank
15621 - First Farmers & Merchants State Bank of Grand Meadow

Institution Statistics First Farmers and Merchants National Bank FDIC Certificate # 5186 BankRate Report View Year Established 1931 Employees 46 Primary Regulator OCC Assets and Liabilities Assets $151.57 million Loans $106.08 million Deposits $127.17 million Equity Capital $19.07 million Loan Loss Allowance $1.04 million Unbacked Noncurrent Loans $410,000 Real Estate Owned $1.08 million Historic Data - March 2011 Assets $150.52 million Equity Capital $17.29 million Loan Loss Allowance $1.00 million Unbacked Noncurrent Loans $518,000 Real Estate Owned $1.41 million Profit Margin - Quarterly Net Interest Margin 4.49% Return on Assets 2.22% Return on Equity 17.9% Interest Income $1.73 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 First Farmers and Merchants National Bank had $1.49 million in non-current loans and owned real-estate with $20.11 million in equity and loan loss allowances on hand to cover it. This gives First Farmers and Merchants National Bank a Texas Ratio of 7.39% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Farmers and Merchants National Bank decreased slightly from 10.54% as of March 31, 2011 to 7.39% as of March 31, 2012, resulting in a positive change of 29.85%.This indicates that the balance sheet and financial strength for First Farmers and Merchants National Bank has improved slightly in recent periods. Deposit Growth In the past year, First Farmers and Merchants National Bank has increased its total deposits by $2.9 million, resulting in 2.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Farmers and Merchants National Bank has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Farmers and Merchants National Bank has $151.57 million in assets with $20.11 million in equity, resulting in a capitalization level of 13.27%, which is excellent.

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