Total Assets
$490M
Total balance-sheet footings
FDIC Cert #10168 · Cannon Falls, Minnesota · Est. 1915
First Farmers & Merchants Bank - FDIC Bank Health Profile
A community-scale look at First Farmers & Merchants Bank's own numbers, pulled straight from its quarterly FDIC Call Report.
- $490M
- Total assets
- A
- Health grade · Excellent
- 1.03%
- Return on assets
- 13.6%
- Tier 1 capital
Data updated July 2026
The verdict
First Farmers & Merchants Bank earns a PlainBankData health grade of A (87/100), with well-capitalized at 13.60% Tier 1, profitable at 1.03% ROA, efficient (51% cost ratio).
- #1,811
- largest of 4,313 FDIC banks by assets
- 58th
- percentile by asset size, nationally
- 13.60%
- Tier 1 ratio - above the 10% well-capitalized line
- 45th
- percentile for profitability (ROA), nationally
PlainBankData assigns this grade from public Call Report data; it isn't an official FDIC rating, and your deposits remain insured to $250,000 per depositor, per ownership category no matter the score.
How First Farmers & Merchants Bank's 87/100 score adds up
Each factor is scored from this bank's own FDIC Call Report figures, then summed to the composite health score.
First Farmers & Merchants Bank's composite health score
Tier 1 Capital Ratio (13.60%) 35/40
Return on Assets (ROA) (1.03%) 20/25
Texas Ratio (0.05%) 20/20
Efficiency Ratio (51.27%) 12/15
87 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$442M
Customer-funded liabilities
Net Loans
$291M
Outstanding loan book
Net Income
$5M
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First Farmers & Merchants Bank ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First Farmers & Merchants Bank's score of 87/100 falls in the highlighted band.
First Farmers & Merchants Bank's size among FDIC-insured banks
Every one of the 4,307 FDIC-insured banks with reported assets, bucketed by total-asset scale (note the buckets are powers of 10, most banks cluster in the $100M-$1B range). First Farmers & Merchants Bank's $490M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
13.60% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
13.60%
Texas Ratio
0.05%
Equity Capital
$42M
Profitability metrics
Return on Assets (ROA)
45th percentile nationally
1.03%
Return on Equity (ROE)
12.21%
Efficiency Ratio
51.27%
What the numbers say about First Farmers & Merchants Bank
First Farmers & Merchants Bank is an FDIC-insured institution (Certificate #10168) headquartered in Cannon Falls, Minnesota, established in 1915. It holds $490M in total assets - 1,811th of 4,313 FDIC-insured banks, $442M in customer deposits, and $291M in net loans. Its capital position: a Tier 1 ratio of 13.60%, meeting the 10% federal well-capitalized bar, alongside a Texas Ratio of 0.05% that is well inside the healthy sub-50% band. That combination rolls up into a PlainBankData health grade of A (87 of 100), blending Tier 1 capital, ROA, the Texas Ratio, and efficiency. These figures come directly from the bank's quarterly FDIC Call Report.
First Farmers & Merchants Bank sits 49th of 227 banks headquartered in Minnesota by total assets, placing it in the middle tier of the state's banking landscape.
Income & expense breakdown
$23M
Interest Income
$2M
Non-Interest Income
$10M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First Farmers & Merchants Bank reports a Texas Ratio of 0.05% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
0.05% - lower is safer; 100% is the level at which troubled assets equal loss-absorbing capital.
Top banks in Minnesota by total assets
Source: FDIC BankFind Suite, Call Report (FFIEC 031/041) First Farmers & Merchants Bank (FDIC Cert #10168) - Tier 1 capital ratio, total assets, deposits, ROA/ROE · 2025 FDIC Call Reports filed quarterly; latest publicly-available vintage shown. Health grades are PlainBankData's interpretation of regulatory filings and are not official FDIC ratings.
Other banks in Minnesota
All Minnesota banks →| Bank | Assets | Grade | ROA |
|---|---|---|---|
| Ameriprise Bank, FSBMinneapolis | $25.3B | A | 3.08% |
| Bridgewater BankSaint Louis Park | $5.4B | A | 0.99% |
| Frandsen Bank & TrustLonsdale | $3.7B | A | 1.48% |
| Stearns Bank National AssociationSaint Cloud | $3.3B | A | 1.85% |
| Minnwest BankRedwood Falls | $3.0B | B | 0.92% |
| Merchants Bank, National AssociationWinona | $2.9B | A | 1.23% |
| Tradition Capital BankWayzata | $2.6B | B | 0.71% |
| Think Mutual BankRochester | $2.2B | B | 0.61% |
Frequently asked questions
What is First Farmers & Merchants Bank's health grade?▼
First Farmers & Merchants Bank receives a health grade of A (87/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank demonstrates excellent financial health with strong capital ratios and profitability.
How large is First Farmers & Merchants Bank?▼
First Farmers & Merchants Bank holds $490M in total assets and $442M in deposits, ranking 1,811th of 4,313 FDIC-insured banks by asset size. It is headquartered in Cannon Falls, Minnesota.
Is my money safe at First Farmers & Merchants Bank?▼
Yes, deposits at First Farmers & Merchants Bank (Certificate #10168) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First Farmers & Merchants Bank's Tier 1 Capital Ratio?▼
First Farmers & Merchants Bank has a Tier 1 Capital Ratio of 13.60%. That clears the federal 10% bar regulators use to call a bank "well-capitalized."
What is the Texas Ratio for First Farmers & Merchants Bank?▼
First Farmers & Merchants Bank has a Texas Ratio of 0.05%. Staying under 50% is the level analysts treat as healthy. The Texas Ratio measures non-performing loans against equity and reserves, a higher ratio signals greater exposure to loan losses.
How efficient is First Farmers & Merchants Bank?▼
First Farmers & Merchants Bank has an Efficiency Ratio of 51.27%. Under the 60% mark counts as efficient, more of every revenue dollar reaches the bottom line. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First Farmers & Merchants Bank's profile as a depositor or analyst.
- First Farmers & Merchants Bank's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First Farmers & Merchants Bank against other Minnesota banks before moving funds. Minnesota banks
Not financial advice. Health grades are PlainBankData's interpretation of public FDIC Call Report data, not official FDIC ratings or predictions. Verify the latest figures at the FDIC BankFind Suite.
Every figure on PlainBankData is rendered directly from FDIC federal source data, no number is typed in by an editor. Informational only, not professional advice; consult a qualified professional before acting on it. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of Q4 2025.
Disclaimer: Data from the FDIC BankFind Suite. PlainBankData does not rate or rank banks as investment or safety recommendations. Health grades are informational only, computed from public regulatory filings. Always verify current standing directly with FDIC.gov before making financial decisions.