Total Assets
$98M
Total balance-sheet footings
FDIC Cert #15621 · Grand Meadow, Minnesota · Est. 1938
First Farmers & Merchants State Bank of Grand Meadow - FDIC Bank Health Profile
A community-scale look at First Farmers & Merchants State Bank of Grand Meadow's own numbers, pulled straight from its quarterly FDIC Call Report.
- $98M
- Total assets
- B
- Health grade · Good
- 0.75%
- Return on assets
- 11.7%
- Tier 1 capital
Data updated July 2026
The verdict
First Farmers & Merchants State Bank of Grand Meadow earns a PlainBankData health grade of B (70/100), with well-capitalized at 11.73% Tier 1, 0.75% ROA, 63% efficiency ratio.
- #3,755
- largest of 4,313 FDIC banks by assets
- 13th
- percentile by asset size, nationally
- 11.73%
- Tier 1 ratio - above the 10% well-capitalized line
- 27th
- 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 State Bank of Grand Meadow's 70/100 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 State Bank of Grand Meadow's composite health score
Tier 1 Capital Ratio (11.73%) 28/40
Return on Assets (ROA) (0.75%) 14/25
Texas Ratio (4.71%) 20/20
Efficiency Ratio (62.77%) 8/15
70 of 100 points earned across four weighted factors. See our methodology for the full scoring formula.
Balance sheet at a glance
Total Deposits
$88M
Customer-funded liabilities
Net Loans
$70M
Outstanding loan book
Net Income
$719K
Bottom-line earnings
Capital adequacy vs federal thresholds
Where First Farmers & Merchants State Bank of Grand Meadow ranks
Every one of the 4,307 FDIC-insured banks with a computed health score, bucketed by score. First Farmers & Merchants State Bank of Grand Meadow's score of 70/100 falls in the highlighted band.
First Farmers & Merchants State Bank of Grand Meadow'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 State Bank of Grand Meadow's $98M falls in the highlighted band.
Safety metrics
Tier 1 capital ratio
Well-capitalized 10%
11.73% of risk-weighted assets - above the federal "well-capitalized" threshold of 10%.
Tier 1 Capital Ratio
11.73%
Texas Ratio
4.71%
Equity Capital
$8M
Profitability metrics
Return on Assets (ROA)
27th percentile nationally
0.75%
Return on Equity (ROE)
9.36%
Efficiency Ratio
62.77%
What the numbers say about First Farmers & Merchants State Bank of Grand Meadow
First Farmers & Merchants State Bank of Grand Meadow is an FDIC-insured institution (Certificate #15621) headquartered in Grand Meadow, Minnesota, established in 1938. It holds $98M in total assets - 3,755th of 4,313 FDIC-insured banks, $88M in customer deposits, and $70M in net loans. Looking at capital strength, Tier 1 stands at 11.73%, over the 10% well-capitalized line regulators set, while the Texas Ratio comes in at 4.71%, comfortably below the 50% caution mark. It earns a PlainBankData health grade of B (70/100), a composite of Tier 1 capital, ROA, the Texas Ratio, and efficiency. All of it traces back to the bank's own quarterly FDIC Call Report filing.
By assets, First Farmers & Merchants State Bank of Grand Meadow ranks 174th of 227 banks based in Minnesota -- squarely in the community-bank tier. Size alone doesn't determine a bank's local importance; a bank this size often has deeper, longer-standing relationships with the specific businesses and depositors it serves than a much larger institution would.
Income & expense breakdown
$6M
Interest Income
$170K
Non-Interest Income
$2M
Non-Interest Expense
Asset quality, Texas Ratio detail
The Texas Ratio compares troubled assets to the capital available to absorb losses. First Farmers & Merchants State Bank of Grand Meadow reports a Texas Ratio of 4.71% - comfortably in the healthy band; non-performing loans are a small fraction of the bank’s loss-absorbing capital.
Texas Ratio
Caution 50%
4.71% - 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 State Bank of Grand Meadow (FDIC Cert #15621) - 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 State Bank of Grand Meadow's health grade?▼
First Farmers & Merchants State Bank of Grand Meadow receives a health grade of B (70/100) based on four FDIC financial metrics: Tier 1 Capital Ratio (40%), Return on Assets (25%), Texas Ratio (20%), and Efficiency Ratio (15%). This bank shows good financial health with solid capital levels above regulatory minimums.
How large is First Farmers & Merchants State Bank of Grand Meadow?▼
First Farmers & Merchants State Bank of Grand Meadow holds $98M in total assets and $88M in deposits, ranking 3,755th of 4,313 FDIC-insured banks by asset size. It is headquartered in Grand Meadow, Minnesota.
Is my money safe at First Farmers & Merchants State Bank of Grand Meadow?▼
Yes, deposits at First Farmers & Merchants State Bank of Grand Meadow (Certificate #15621) are FDIC-insured up to $250,000 per depositor, per ownership category, regardless of health grade.
What is First Farmers & Merchants State Bank of Grand Meadow's Tier 1 Capital Ratio?▼
First Farmers & Merchants State Bank of Grand Meadow has a Tier 1 Capital Ratio of 11.73%. This exceeds the 10% threshold for "well-capitalized" status under federal banking regulations.
What is the Texas Ratio for First Farmers & Merchants State Bank of Grand Meadow?▼
First Farmers & Merchants State Bank of Grand Meadow has a Texas Ratio of 4.71%. A ratio below 50% is generally considered 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 State Bank of Grand Meadow?▼
First Farmers & Merchants State Bank of Grand Meadow has an Efficiency Ratio of 62.77%. Above 60% means a larger share of revenue goes to operating costs. This metric compares non-interest expenses to total revenue.
What to do with this
How to read First Farmers & Merchants State Bank of Grand Meadow's profile as a depositor or analyst.
- First Farmers & Merchants State Bank of Grand Meadow's grade reflects capital, profitability, and asset quality, read the four pillars before drawing conclusions. How grades work
- Compare First Farmers & Merchants State Bank of Grand Meadow 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.