First Farmers & Merchants National Bank
First Farmers & Merchants National Bank is a locally rooted FDIC-insured community bank based in Fairmont, MN, during the post-Riegle-Neal interstate-banking era. On its most recent Q1 2026 call report, First Farmers & Merchants National reported $141M in total assets against $119M in deposits. Profitability tracks the broader industry — ROA 0.94%, ROE 10.13%, NIM 3.91%. Capital is comfortably above regulatory minimums — CET1 ratio of 11.53% sits well above the 7% well-capitalized threshold. Credit metrics are pristine, with nonperforming loans at just 0.07%. It operates 2 branches, primarily in Minnesota.
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
- Fed District
- 11
- Established
- September 7, 1990
- Branches
- 2 domestic
- Employees (FTE)
- 16
- FDIC Cert
- 33131
- Fed RSSD
- 1470150
- Website
- www.ffmbank.com →
- Parent Holding Company
- 215 HOLDING CO. (RSSD 1247576)
Capital & Liquidity
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First Farmers & Merchants National Bank 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… | |||
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.
- Structure ChangeFailure, Government Assistance ProvidedFFIEC NIC
- MergerParticipated in Absorption/Consolidation/MergerFDIC
Sourced from unified bank events (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 2 events.
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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 Q1 2026 filing, First Farmers & Merchants National Bank reported total assets of $141.2 million in its most recent FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is First Farmers & Merchants National Bank headquartered?
First Farmers & Merchants National Bank is headquartered in FAIRMONT, MN, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was First Farmers & Merchants National Bank founded?
First Farmers & Merchants National Bank was established in 1990, per the FDIC institution directory.
Is First Farmers & Merchants National Bank FDIC-insured?
Yes. First Farmers & Merchants National Bank 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. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is First Farmers & Merchants National Bank's CET1 capital ratio?
First Farmers & Merchants National Bank reported a Common Equity Tier 1 (CET1) capital ratio of 11.53% in its most recent quarterly filing — above regulatory minimums.
How many branches does First Farmers & Merchants National Bank operate?
First Farmers & Merchants National Bank operates 2 domestic branches, per the most recent FDIC Summary of Deposits filing.
What is First Farmers & Merchants National Bank's Texas Ratio?
First Farmers & Merchants National Bank's Texas Ratio is 2.70% — 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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