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First Farmers & Merchants Bank
Cannon Falls, MN · FDIC Certificate #10168 · Chartered 06/2
Total assets
$486.42M
Total deposits
$436.81M
Total equity
$46.98M
Net loans
$306.93M
Branches (offices)
7
Net income (YTD)
$3.29M
Rank: #1,819 of 4,213 U.S. banks by assets · #52 of 221 in Minnesota. Assets changed 4.8% and deposits 3.8% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.36% |
| Return on equity | 14.72% |
| Net interest margin (YTD) | 4.14% |
| Equity to assets | 9.66% |
| Tier 1 leverage ratio | 10.09% |
| Uninsured deposits (share of deposits) | 24.7% |
| Noncurrent loans (share of loans) | 0.01% |
| Net charge-offs (share of loans) | -0.00% |
| Loans to deposits | 70.3% |
| Real estate loans (share of loans) | 73.6% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $226.01M | 73.6% | |
| Commercial & industrial | $39.06M | 12.7% | |
| Consumer / individual | $4.71M | 1.5% | |
| Construction & development | $10.00M | 3.3% | |
| Agricultural | $37.48M | 12.2% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $461.71M | $416.36M | $3.27M | $43.60M |
| Jun 2023 | $457.96M | $397.04M | $2.76M | $26.13M |
| Jun 2024 | $465.02M | $398.03M | $1.02M | $34.88M |
| Jun 2025 | $464.27M | $421.01M | $2.21M | $39.60M |
| Jun 2026 | $486.42M | $436.81M | $3.29M | $46.98M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $436.81M | 7 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $436.81M.
Similar-sized banks
Springfield State Bank ($486.93M) · Oak Bank ($486.34M)
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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