First Farmers & Merchants Bank: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
First Farmers & Merchants Bank, based in Cannon Falls, Minnesota, reported $486 million in assets at June 30, 2026, up 4.8% from a year earlier. It carries problem assets equal to 0.1% of the capital and reserves that would absorb them, a small fraction of the median of 2.6% for the 2,660 banks with $100 million to $1 billion in assets. It also pays an average of 1.22% on its deposits and borrowings, lower than about three-quarters of banks its size (median 1.80%).
Earnings jumped: net income for the quarter was $1.9 million, 54% above the same quarter a year earlier.
As of June 30, 2026, First Farmers & Merchants Bank reported a CET1 capital ratio of 14.04%, a return on assets of 1.55%, a nonperforming-loan ratio of 0.01% and a Texas ratio of 0.05%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 920 4th St S, Cannon Falls, MN 55009
- County
- Goodhue
- Metro Area
- Red Wing, MN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- No
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- June 21, 1915
- Former names
- White Rock Bank (2006-2013)
- Offices
- 7 domestic
- Employees (FTE)
- 54
- Domestic deposits
- $436.8M
- Allowance for credit losses
- $3.0M
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $484.1M
- Average total loans
- $303.6M
- Average interest-bearing deposits
- $358.6M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10168
- Fed RSSD
- 217059
- Website
- www.ffmbank.com →
- Parent Holding Company
- 215 HOLDING CO. (RSSD 1247576)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row. ROA, ROE and net interest margin are the quarter's own income, annualized. The UBPR and FDIC annualize the year to date instead, so after the first quarter their figures differ from ours; where the UBPR has this quarter, its value is shown beside each as YTD. The UBPR's YTD ROA divides by the average of the quarterly average assets the bank reports on Schedule RC-K, while FDIC BankFind divides by the average of quarter-end total assets, so FDIC's ROA can differ from the YTD figure by a few hundredths of a point.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
Net income for the quarter alone. The Call Report reports it year to date; this series converts it to the single quarter, so each bar covers three months.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
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26 years of quarterly trends · 8 tabs · peer percentiles · Excel export
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How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.04% | 1.55% | 0.01% | 0.05% | 4.21% |
| Q1 2026 | 13.41% | 1.19% | 0.01% | 0.06% | 4.07% |
| Q4 2025 | 14.16% | 1.75% | 0.01% | 0.05% | 3.98% |
| Q3 2025 | 13.10% | 1.09% | 0.01% | 0.06% | 3.94% |
| Q2 2025 | 13.09% | 1.05% | 0.01% | 0.06% | 3.85% |
| Q1 2025 | 13.33% | 0.88% | 0.01% | 0.06% | 3.61% |
| Q4 2024 | 13.43% | 1.81% | 0.01% | 0.06% | 3.30% |
| Q3 2024 | 12.74% | 0.47% | 0.01% | 0.06% | 3.00% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 7 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| First Farmers & Merchants Bank (main office) | Cannon Falls , MN | 55009 | $142.9M |
| Goodhue Branch | Goodhue , MN | 55027 | $88.7M |
| Red Wing Branch | Red Wing , MN | 55066 | $87.7M |
| Le Sueur Branch | Le Sueur , MN | 56058 | $80.0M |
| White Rock Branch | Cannon Falls , MN | 55009 | $33.1M |
| Bellechester Branch | Bellchester , MN | 55027 | $4.5M |
| Cannon Falls Family Fare Branch | Cannon Falls , MN | 55009 | $0 |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| August 24, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| August 24, 2013 | Structure Change | Acquired First Farmers & Merchants National Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 21, 1996 | Structure Change | Acquired Goodhue State Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 20, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
What the public regulatory sources show for First Farmers & Merchants Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.1% of deposits in MN, rank 70 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 27 applications, 20 loans originated, $7.9M originated, across 2 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $260K approved, $260K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2023 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about First Farmers & Merchants Bank
What are First Farmers & Merchants Bank's total assets?
As of the Q2 2026 filing, First Farmers & Merchants Bank reported total assets of $486.4 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Farmers & Merchants Bank headquartered?
First Farmers & Merchants Bank is headquartered in Cannon Falls, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was First Farmers & Merchants Bank founded?
First Farmers & Merchants Bank was established in 1915, per the FDIC institution directory.
Is First Farmers & Merchants Bank FDIC-insured?
Yes. First Farmers & Merchants Bank is an FDIC-insured commercial bank (FDIC Certificate #10168). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates First Farmers & Merchants Bank?
First Farmers & Merchants Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Farmers & Merchants Bank's CET1 capital ratio?
First Farmers & Merchants Bank reported a Common Equity Tier 1 (CET1) capital ratio of 14.04% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does First Farmers & Merchants Bank operate?
First Farmers & Merchants Bank operates 7 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is First Farmers & Merchants Bank's Texas Ratio?
First Farmers & Merchants Bank's Texas Ratio is 0.05% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was First Farmers & Merchants Bank previously called?
The charter now named First Farmers & Merchants Bank has also operated as White Rock Bank (2006-2013), per FDIC structure-change records.
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