First Farmers & Merchants Bank is headquartered in CANNON FALLS and is the 50th largest bank in the state of Minnesota. It is also the 1,871st largest bank in the nation. It was established in 1915 and as of June of 2024, it had grown to 57 employees at 7 locations. First Farmers & Merchants Bank has a B+ health rating.
Overall | |
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FDIC Certificate # | 10168 |
Year Established | 1915 |
Employees | 57 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.44% |
Return on Equity - YTD | 5.95% |
Annual Interest Income | $10.3MM |
Assets and Liabilities | ||
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Assets | Q2 2024vs Q2 2023 | $465MM$458MM |
Loans | Q2 2024vs Q2 2023 | $283.8MM$276.5MM |
Deposits | Q2 2024vs Q2 2023 | $398MM$397MM |
Equity Capital | Q2 2024vs Q2 2023 | $34.9MM$26.1MM |
Loan Loss Allowance | Q2 2024vs Q2 2023 | $2.9MM$2.9MM |
Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $0$0 |
Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
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First Farmers & Merchants Bank Locations | ||
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White Rock Branch | 13313 County 1 Blvd | Cannon Falls, MN 55009 |
Goodhue Branch | 202 3rd Avenue | Goodhue, MN 55027 |
White Rock Bank | 920 4th St S | Cannon Falls, MN 55009 |
Red Wing Branch | 3141 North Service Drive | Red Wing, MN 55066 |
Le Sueur Branch | 112 South Main Street | Le Sueur, MN 56058 |
Bellchester Branch | 601 1st Street | Bellchester, MN 55027 |
Cannon Falls Econo Foods Branch | 425 Main Street | Cannon Falls, MN 55009 |