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 First Farmers & Merchants National Bank
First Farmers & Merchants National Bank
| RSSD ID 917854 | CERTIFICATE 5186 | ABA NUMBER 91216007 |
| 303 E Main St |
Quarter Ended : |
2025-03-31 |
| Luverne, Minnesota, 56156 |
Updated : |
2025-04-11 |
| www.ffmbank.com |
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| Institution Profile |
| Year Opened : |
1931 |
Institution Type : |
Commercial bank |
| Entity Type : |
Federal |
Federal Regulator : |
OCC |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
041 |
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| Specialization : |
Agricultural Specialization |
| Number of Offices : |
2 |
Number of Employees : |
27 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 230,648 |
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Total Interest Income | 2,879 |
| Total Liabilities | 208,426 |
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Total NonInterest Income | 90 |
| Total Bank Equity Capital | 22,222 |
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Total Interest Expense | 853 |
| Total Deposits | 197,729 |
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Total NonInterest Expense | 1,206 |
| Net Loans & Leases | 169,950 |
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Net Income | 511 |
| Loan Loss Allowance | 2,043 |
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Net Charge Offs | 0 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Total capital | 28,093 |
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Total loans | 170,501 |
| Total assets for the leverage ratio | 230,445 |
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Loans secured by real estate: | 91,334 |
| Tier 1 Leverage Ratio | 11.27 |
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Commercial and industrial loans | 25,614 |
| Tier 1 Capital Ratio | 13.66 |
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Loans to individuals - Credit Cards | 0 |
| Total Capital Ratio | 14.77 |
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Loans to individuals - Other | 2,915 |
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:· First Farmers & Merchants National Bank
