First Farmers & Merchants National Bank (Fairmont, MN)
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Data as of · sourced from FFIEC call reports. How we update
First Farmers & Merchants National Bank is an FDIC-insured commercial bank headquartered in Fairmont, MN, established in 1990 (FDIC certificate 33131), and it is supervised by the OCC. At Q2 2026 it reported total assets of $140.4M, up 7.2% from Q2 2025, the 140th largest of 221 banks headquartered in Minnesota. Its CET1 capital ratio was 11.91% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- OCC
- Deposit insurance
- FDIC
- FDIC certificate
- 33131
- Headquarters
- Fairmont, MN
- Established
- 1990
- Total assets, Q2 2026
- $140.4M
- Assets vs Q2 2025
- +7.2%
- CET1 ratio, Q2 2026
- 11.91%
- Domestic offices
- 2 FDIC institution directory, current count
- Routing number
- 291271305
- Latest call report
- Q2 2026, FFIEC 041 · First Farmers & Merchants National Bank Q3 2026 call report, filed October 15, 2026 (preliminary)
- Holding company
- 215 HOLDING CO.
- Asset rank in state
- 140th of 221 in Minnesota
First Farmers & Merchants National Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $140 million at June 30, 2026, up 7.2% from a year earlier; it is based in Fairmont, Minnesota. It holds common equity equal to 11.91% of its risk-weighted assets, lower than about three-quarters of the 2,627 banks with $100 million to $1 billion in assets (median 15.11%). On the other hand, it carries problem assets equal to 0.5% of the capital and reserves that would absorb them, a small fraction of the median of 2.7% for banks its size.
Earnings jumped: net income for the quarter was $386,000, 50% above the same quarter a year earlier. Over the same year, loans grew 7.3% and deposits grew 4.0%.
As of June 30, 2026, First Farmers & Merchants National Bank reported a CET1 capital ratio of 11.91%, a return on assets of 1.09%, a nonperforming-loan ratio of 0.06% and a Texas ratio of 0.48%. The figures come from its call report filed with the FFIEC.
First Farmers & Merchants National Bank ranks as the 140th largest of the 221 banks based in Minnesota, by total assets at Q2 2026. From Q1 2026 to Q2 2026, its total assets fell 0.5% to $140.4M, loans fell 1.5% and deposits fell 3.4%. 1-4 family residential loans made up 27.2% of its total loans on June 30, 2026, its largest category; next came agricultural production loans at 16.0%. Its 2 offices in the FDIC Summary of Deposits are in Fairmont, MN and Saint Paul, MN; its Fairmont office books 61% of its branch deposits. On its Q2 2026 call report, First Farmers & Merchants National Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 114 S Park St, Fairmont, MN 56031
- County
- Martin
- Metro Area
- Fairmont, MN
- Charter
- Commercial bank, national (federal) charter, Fed member, OCC-supervised
- Primary Regulator
- OCC
- FDIC Region
- Kansas City (Region 11)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 9, Minneapolis
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- September 7, 1990
- Domestic offices
- 2 FDIC institution directory, current count
- Employees (FTE)
- 16
- Domestic deposits
- $115.4M
- Allowance for credit losses
- $1.4M
- Net charge-offs (YTD)
- $118K
- Average total assets
- $141.6M
- Average total loans
- $117.8M
- Average interest-bearing deposits
- $101.4M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- September 7, 1990
- FDIC Cert
- 33131
- Fed RSSD
- 1470150
- Website
- www.ffmbank.com →
- Parent Holding Company
- 215 HOLDING CO. (RSSD 1247576)
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. 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, First Farmers & Merchants National Bank's total assets ran between $130.3M (Q1 2025) and $144.0M (Q4 2025), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$140.4M total assets against $131.0M; $126.5M total liabilities against $118.0M.
$115.1M net loans and leases against $107.2M; $115.4M total deposits against $110.9M.
$16.1M securities against $13.5M; $6.5M cash and balances due against $7.9M.
$2.1M total interest income against $1.9M; $664K total interest expense against $670K.
$1.5M net interest income against $1.2M.
$104K total noninterest income against $90K; $996K total noninterest expense against $901K.
$25K provision for credit losses against $0.
$386K net income against $257K.
1.09% return on assets against 0.80%; 4.25% net interest margin against 3.89%.
11.91% CET1 capital ratio against 12.17%; 10.59% tier 1 leverage ratio against 11.03%.
Inside the full First Farmers & Merchants National Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
First Farmers & Merchants National Bank rankings
Its closest position to the top of a national ranking is 2,140 of 3,606, for efficiency ratio; its furthest is 2,967 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.64% (Q1 2025) to 1.16% (Q4 2025) and its net interest margin ran from 3.56% (Q4 2024) to 4.25% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.91% | 1.09% | 0.06% | 0.48% | 4.25% |
| Q1 2026 | 11.53% | 0.94% | 0.34% | 2.70% | 3.91% |
| Q4 2025 | 12.25% | 1.16% | 0.17% | 1.27% | 3.94% |
| Q3 2025 | 11.92% | 0.71% | 0.20% | 1.49% | 3.97% |
| Q2 2025 | 12.17% | 0.80% | 0.24% | 1.78% | 3.89% |
| Q1 2025 | 12.32% | 0.64% | 0.21% | 1.60% | 3.63% |
| Q4 2024 | 12.56% | 0.98% | 0.21% | 1.56% | 3.56% |
| Q3 2024 | 11.86% | 0.67% | 0.20% | 1.57% | 3.59% |
Swipe the table sideways to see every column.
Branch Network
View all 2 branches → 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 |
|---|---|---|---|
| First Farmers & Merchants National Bank (main office) | Fairmont , MN | 56031 | $70.7M |
| St. Paul Branch | Saint Paul , MN | 55101 | $44.6M |
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 |
|---|---|---|---|
| September 8, 1990 | Structure Change | Acquired Fairmont Federal Savings Association Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| September 7, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MN, rank 178 of 277 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 8 applications, 8 loans originated, $1.7M originated, across 1 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $300K approved, $300K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2006 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, 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 First Farmers & Merchants National Bank
What are First Farmers & Merchants National Bank's total assets?
As of the Q2 2026 filing, First Farmers & Merchants National Bank reported total assets of $140.4 million in its FFIEC call report.
Where is First Farmers & Merchants National Bank headquartered?
It is headquartered in Fairmont, MN, United States.
When was First Farmers & Merchants National Bank founded?
It was established in 1990, per the FDIC institution directory.
Is First Farmers & Merchants National Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #33131). 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 National Bank?
First Farmers & Merchants National Bank's primary federal regulator is the OCC.
What is First Farmers & Merchants National Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.91% in its Q2 2026 call report, above regulatory requirements.
How many branches does First Farmers & Merchants National Bank operate?
It operates 2 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 National Bank's Texas Ratio?
Its Texas Ratio is 0.48% 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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