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Farmers & Merchants State Bank Of New York Mills, Incorporated
New York Mills, MN · FDIC Certificate #9340 · Chartered 12/1
Total assets
$83.46M
Total deposits
$72.16M
Total equity
$7.14M
Net loans
$38.29M
Branches (offices)
1
Net income (YTD)
$369.00K
Rank: #3,807 of 4,213 U.S. banks by assets · #185 of 221 in Minnesota. Assets changed 6.1% and deposits -0.2% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 0.91% |
| Return on equity | 10.58% |
| Net interest margin (YTD) | 3.26% |
| Equity to assets | 8.56% |
| Tier 1 leverage ratio | 13.27% |
| Uninsured deposits (share of deposits) | 19.8% |
| Noncurrent loans (share of loans) | 2.28% |
| Net charge-offs (share of loans) | -0.01% |
| Loans to deposits | 53.1% |
| Real estate loans (share of loans) | 74.2% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $28.40M | 74.2% | |
| Commercial & industrial | $3.54M | 9.2% | |
| Consumer / individual | $4.43M | 11.6% | |
| Construction & development | $2.88M | 7.5% | |
| Agricultural | $2.25M | 5.9% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $77.17M | $70.68M | $212.00K | $5.33M |
| Jun 2023 | $77.53M | $68.60M | $276.00K | $4.28M |
| Jun 2024 | $77.20M | $70.33M | $316.00K | $4.91M |
| Jun 2025 | $78.68M | $72.31M | $18.00K | $5.60M |
| Jun 2026 | $83.46M | $72.16M | $369.00K | $7.14M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $72.16M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $72.16M.
Similar-sized banks
The First Bank Of Celeste ($83.87M) · The First National Bank Of Hope ($83.39M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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