Farmers & Merchants State Bank of New York Mills, Incorporated
Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured commercial bank headquartered in New York Mills, MN, supervised by the FDIC, with $83.5M in total assets at Q2 2026, up 6.1% from Q2 2025, the 185th largest of 221 banks headquartered in Minnesota. It was established in 1916 and holds FDIC certificate 9340. Its CET1 capital ratio was 24.32% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9340
- Headquarters
- New York Mills, MN
- Established
- 1916
- Total assets, Q2 2026
- $83.5M
- Assets vs Q2 2025
- +6.1%
- CET1 ratio, Q2 2026
- 24.32%
- Domestic offices
- 1 · Farmers & Merchants State Bank of New York Mills, Incorporated branches FDIC institution directory, current count
- Routing number
- 091212726
- Safety and soundness
- Is Farmers & Merchants State Bank of New York Mills, Incorporated safe?
- Latest call report
- Q2 2026, FFIEC 051 · Farmers & Merchants State Bank of New York Mills, Incorporated Q3 2026 call report, filed October 21, 2026 (preliminary)
- Holding company
- NEW YORK MILLS BANCSHARES, INC.
- Asset rank in state
- 185th of 221 in Minnesota
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, 6.3 times the median of 1.9% for the 533 banks with less than $100 million in assets. It also grew its loan book 13.0% over the year, 5.0 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 3.91 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%. The figures come from its call report filed with the FFIEC.
Of the 221 banks headquartered in Minnesota, Farmers & Merchants State Bank of New York Mills, Incorporated is the 185th largest by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets rose 1.5% to $83.5M, loans rose 9.6% and deposits fell 3.5%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 24.5% of total loans, ahead of owner-occupied commercial real estate loans at 20.3%. The FDIC Summary of Deposits lists a single office for it, in New York Mills, MN. Judged on its Q2 2026 call report, Farmers & Merchants State Bank of New York Mills, Incorporated meets every capital ratio test for well capitalized.
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
- Domestic offices
- 1 FDIC institution directory, current count
- 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
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. After a merger that grows assets 25% or more, the UBPR averages balances from the merger date on while the income stays year to date, so a YTD ratio can differ widely from the ratio of either quarter. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Farmers & Merchants State Bank of New York Mills, Incorporated's total assets ran between $75.0M (Q4 2024) and $83.5M (Q2 2026), and it earned a profit in 10 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$83.5M total assets against $78.7M; $76.3M total liabilities against $73.1M.
$38.3M net loans and leases against $33.9M; $72.2M total deposits against $72.3M.
$40.1M securities against $37.4M; $1.6M cash and balances due against $4.0M.
$999K total interest income against $898K; $357K total interest expense against $339K.
$642K net interest income against $559K.
$64K total noninterest income against $52K; $537K total noninterest expense against $520K.
$15K provision for credit losses against $68K.
$225K net income against $30K.
1.05% return on assets against 0.14%; 3.25% net interest margin against 2.86%.
24.32% CET1 capital ratio against 25.06%; 13.27% tier 1 leverage ratio against 13.09%.
Inside the full Farmers & Merchants State Bank of New York Mills, Incorporated terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
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Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -1.98% (Q4 2024) to 1.11% (Q3 2024) and its net interest margin ran from 2.40% (Q4 2024) to 3.25% (Q2 2026).
| 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
View the branch → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Farmers & Merchants State Bank of New York Mills, Incorporated (main office) | New York Mills , MN | 56567 | $72.2M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 229 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- 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).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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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.
Where is Farmers & Merchants State Bank of New York Mills, Incorporated headquartered?
It is headquartered in New York Mills, MN, United States.
When was Farmers & Merchants State Bank of New York Mills, Incorporated founded?
It was established in 1916, per the FDIC institution directory.
Is Farmers & Merchants State Bank of New York Mills, Incorporated FDIC-insured?
Yes. It 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.
What is Farmers & Merchants State Bank of New York Mills, Incorporated's CET1 capital ratio?
It 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?
It 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?
Its Texas Ratio is 12.20% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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