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First Farmers & Merchants State Bank Of Grand Meadow
Grand Meadow, MN · FDIC Certificate #15621 · Chartered 04/0
Total assets
$93.05M
Total deposits
$83.23M
Total equity
$8.69M
Net loans
$75.28M
Branches (offices)
3
Net income (YTD)
$559.00K
Rank: #3,729 of 4,213 U.S. banks by assets · #177 of 221 in Minnesota. Assets changed -3.0% and deposits -4.1% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.15% |
| Return on equity | 13.20% |
| Net interest margin (YTD) | 4.45% |
| Equity to assets | 9.34% |
| Tier 1 leverage ratio | 9.44% |
| Uninsured deposits (share of deposits) | 25.7% |
| Noncurrent loans (share of loans) | 0.17% |
| Net charge-offs (share of loans) | 0.02% |
| Loans to deposits | 90.4% |
| Real estate loans (share of loans) | 66.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $50.31M | 66.8% | |
| Commercial & industrial | $8.82M | 11.7% | |
| Consumer / individual | $387.00K | 0.5% | |
| Construction & development | $2.95M | 3.9% | |
| Agricultural | $16.87M | 22.4% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $89.88M | $80.98M | $643.00K | $6.96M |
| Jun 2023 | $91.96M | $83.86M | $645.00K | $6.64M |
| Jun 2024 | $90.79M | $72.67M | $283.00K | $7.23M |
| Jun 2025 | $95.88M | $86.83M | $318.00K | $7.70M |
| Jun 2026 | $93.05M | $83.23M | $559.00K | $8.69M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Minnesota | $83.23M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $83.23M.
Similar-sized banks
Ladysmith Federal Savings And Loan Association ($93.18M) · Junction National Bank ($93.03M)
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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