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 First Farmers & Merchants State Bank of Grand Meadow
First Farmers & Merchants State Bank of Grand Meadow
| RSSD ID 77150 | CERTIFICATE 15621 | ABA NUMBER 91216243 |
| 105 Main St N |
Quarter Ended : |
2025-03-31 |
| Grand Meadow, Minnesota, 55936 |
Updated : |
2025-04-21 |
| www.ffmbank.com |
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| Institution Profile |
| Year Opened : |
1938 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
3 |
Number of Employees : |
14 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 92,713 |
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Total Interest Income | 1,326 |
| Total Liabilities | 85,217 |
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Total NonInterest Income | 41 |
| Total Bank Equity Capital | 7,496 |
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Total Interest Expense | 464 |
| Total Deposits | 83,636 |
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Total NonInterest Expense | 620 |
| Net Loans & Leases | 71,259 |
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Net Income | 98 |
| Loan Loss Allowance | 857 |
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Net Charge Offs | (10) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 9,031 |
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Total loans | 70,027 |
| Total assets for the leverage ratio | 94,821 |
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Loans secured by real estate: | 41,303 |
| Tier 1 Leverage Ratio | 8.61 |
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Commercial and industrial loans | 11,357 |
| Tier 1 Capital Ratio | 10.97 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 12.14 |
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Loans to individuals - Other | 234 |
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:· First Farmers & Merchants State Bank of Grand Meadow
