Farmers & Merchants State Bank of New York Mills, Incorporated: Financial Reports & UBPR Data
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Data as of · sourced from FFIEC call reports. How we update
Problem loans are rising at Farmers & Merchants State Bank of New York Mills, Incorporated. The New York Mills, Minnesota bank had $83 million in assets at June 30, 2026, up 6.1% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 2.28% of loans from 0.02% a year earlier. It carries problem assets equal to 12.2% of the capital and reserves that would absorb them, 8.8 times the median of 1.4% for the 583 banks with less than $100 million in assets. It also grew its loan book 13.0% over the year, 5.1 times the median of 2.6% for banks its size.
Loans and deposits moved in opposite directions: over the year loans rose 13.0% and deposits fell 0.2%. Paper losses on its bond portfolio are shrinking: unrealized losses of $4.2 million equal 37% of Tier 1 capital, down from 48% a year earlier. Its margin is thin by comparison: it keeps 3.25 cents of net interest income on every dollar of earning assets, lower than about three-quarters of banks its size (median 3.88 cents).
As of June 30, 2026, Farmers & Merchants State Bank of New York Mills, Incorporated reported a CET1 capital ratio of 24.32%, a return on assets of 1.05%, a nonperforming-loan ratio of 2.28% and a Texas ratio of 12.20%, according to its call report filed with the FFIEC.
Headquarters Profile
- Address
- 11 Walker Ave N, New York Mills, MN 56567
- County
- Otter Tail
- Metro Area
- Fergus Falls, 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 051
- Established
- December 16, 1916
- Offices
- 1 domestic
- Employees (FTE)
- 10
- Domestic deposits
- $72.2M
- Allowance for credit losses
- $571K
- Net charge-offs (YTD)
- -$1K
- Average total assets
- $85.6M
- Average total loans
- $36.1M
- Average interest-bearing deposits
- $55.5M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9340
- Fed RSSD
- 721752
- Website
- www.fmbanknym.com →
- Parent Holding Company
- NEW YORK MILLS BANCSHARES, INC. (RSSD 1124202)
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. Net interest margin is the UBPR's tax-equivalent figure over the UBPR's own average earning assets. FDIC BankFind's is not tax-equivalent and divides by the average of quarter-end earning assets including the prior year-end, so after a merger FDIC's margin can differ from ours by several tenths 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.
Inside the full Farmers & Merchants State Bank of New York Mills, Incorporated terminal
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 | 24.32% | 1.05% | 2.28% | 12.20% | 3.25% |
| Q1 2026 | 25.73% | 0.69% | 1.40% | 8.46% | 3.20% |
| Q4 2025 | 27.01% | 0.75% | 0.35% | 1.52% | 3.11% |
| Q3 2025 | 26.10% | 0.72% | 0.34% | 1.66% | 3.11% |
| Q2 2025 | 25.06% | 0.14% | 0.02% | 1.82% | 2.86% |
| Q1 2025 | 26.45% | -0.06% | 0.00% | 2.48% | 2.67% |
| Q4 2024 | 24.82% | -1.98% | 2.05% | 12.43% | 2.40% |
| Q3 2024 | 25.13% | 1.11% | 2.05% | 10.51% | 2.72% |
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 the branch →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Farmers & Merchants State Bank of New York Mills, Incorporated (main office) | New York Mills , MN | 56567 | $72.2M |
Regulatory record
What the public regulatory sources show for Farmers & Merchants State Bank of New York Mills, Incorporated, 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 229 of 279 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- Not on file: no HMDA filing matched
- Period: not on file. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $115K approved, $115K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (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 Farmers & Merchants State Bank of New York Mills, Incorporated
What are Farmers & Merchants State Bank of New York Mills, Incorporated's total assets?
As of the Q2 2026 filing, Farmers & Merchants State Bank of New York Mills, Incorporated reported total assets of $83.5 million in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Farmers & Merchants State Bank of New York Mills, Incorporated headquartered?
Farmers & Merchants State Bank of New York Mills, Incorporated is headquartered in New York Mills, MN, United States. It files quarterly FFIEC call reports, as every FDIC-insured commercial bank must.
When was Farmers & Merchants State Bank of New York Mills, Incorporated founded?
Farmers & Merchants State Bank of New York Mills, Incorporated was established in 1916, per the FDIC institution directory.
Is Farmers & Merchants State Bank of New York Mills, Incorporated FDIC-insured?
Yes. Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured commercial bank (FDIC Certificate #9340). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Farmers & Merchants State Bank of New York Mills, Incorporated?
Farmers & Merchants State Bank of New York Mills, Incorporated'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 Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 capital ratio?
Farmers & Merchants State Bank of New York Mills, Incorporated reported a Common Equity Tier 1 (CET1) capital ratio of 24.32% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Farmers & Merchants State Bank of New York Mills, Incorporated operate?
Farmers & Merchants State Bank of New York Mills, Incorporated operates 1 domestic office, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Farmers & Merchants State Bank of New York Mills, Incorporated's Texas Ratio?
Farmers & Merchants State Bank of New York Mills, Incorporated's Texas Ratio is 12.20% 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.
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