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 Farmers & Merchants State Bank of New York Mills, Incorporated
Farmers & Merchants State Bank of New York Mills, Incorporated
| RSSD ID 721752 | CERTIFICATE 9340 | ABA NUMBER 91212726 |
| 11 Walker Ave N |
Quarter Ended : |
2025-03-31 |
| New York Mills, Minnesota, 56567 |
Updated : |
2025-04-15 |
| www.fmbanknym.com |
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| Institution Profile |
| Year Opened : |
1916 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
Yes |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Commercial Lending Specialization |
| Number of Offices : |
1 |
Number of Employees : |
11 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 78,382 |
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Total Interest Income | 851 |
| Total Liabilities | 73,135 |
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Total NonInterest Income | 51 |
| Total Bank Equity Capital | 5,247 |
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Total Interest Expense | 341 |
| Total Deposits | 72,374 |
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Total NonInterest Expense | 560 |
| Net Loans & Leases | 32,693 |
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Net Income | (12) |
| Loan Loss Allowance | 439 |
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Net Charge Offs | 338 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 11,339 |
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Total loans | 33,533 |
| Total assets for the leverage ratio | 75,924 |
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Loans secured by real estate: | 22,107 |
| Tier 1 Leverage Ratio | 14.36 |
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Commercial and industrial loans | 3,485 |
| Tier 1 Capital Ratio | 26.45 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 27.51 |
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Loans to individuals - Other | 3,778 |
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:· Farmers & Merchants State Bank of New York Mills, Incorporated
