Farmers & Merchants State Bank of New York Mills, Incorporated
Capital moved notably last quarter — CET1 ratio of 25.73% was down 128bps from the prior quarter. Asset quality shifted last quarter — NPLs rose to 1.40% from 0.35% in the prior period. Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured commercial bank. Farmers & Merchants State Bank of New York Mills, Incorporated's Q1 2026 balance sheet shows $82M in assets funded primarily by $75M in customer deposits. Returns are subdued: 0.69% ROA and 8.35% ROE. Capital is comfortably above regulatory minimums — CET1 ratio of 25.73% sits well above the 7% well-capitalized threshold. Asset quality is solid — 1.40% nonperforming loans and a 8.46% Texas Ratio. The bank operates from a single office.
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
- Fed District
- 11
- Established
- December 16, 1916
- Branches
- 1 domestic
- Employees (FTE)
- 10
- FDIC Cert
- 9340
- Fed RSSD
- 721752
- Website
- www.fmbanknym.com →
- Parent Holding Company
- NEW YORK MILLS BANCSHARES, INC. (RSSD 1124202)
Capital & Liquidity
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Farmers & Merchants State Bank of New York Mills, Incorporated rankings
How this bank ranks against the full population of US commercial banks in each leaderboard. Click any rank to see the full ranked list.
Quarterly trend — last 6 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
Branch Network
Every branch from the FDIC Summary of Deposits — mapped, and listed with the deposits booked at each location.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Loading branches… | |||
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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 Q1 2026 filing, Farmers & Merchants State Bank of New York Mills, Incorporated reported total assets of $82.2 million in its most recent 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 required of all FDIC-insured commercial banks.
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 25.73% in its most recent quarterly filing — comfortably above the 7% well-capitalized regulatory floor.
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 branch, per the most recent FDIC Summary of Deposits filing.
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 8.46% — within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; see our /glossary/texas-ratio/ page for the full definition.
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