First Farmers & Merchants Bank


First Farmers & Merchants Bank is an FDIC insured institution headquartered at 920 4th St S, Cannon Falls, MN 55009.
It was founded in 1915 and has approximately $0 billion in assets. Customers can open an account at one of its 8 branches.

Deposit Rates - December 22, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10168
Date Established 1915
Assets $ 465.02 million
Loans $ 283.78 million
Deposits $ 398.03 million
Capital $ 34.88 million

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 17.11 million
Interest-bearing balances $ 10.12 million
Total securities $ 151.40 million
Federal funds sold and reverse repurchase $ 0.02 million
Net loans and leases $ 283.78 million
Loan loss allowance $ 2.87 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 2.59 million
All other assets $ 4.30 million
     Total Assets $ 430.13 million

LIABILITIES
Total deposits $ 398.03 million
      Interest-bearing deposits $ 335.11 million
      Deposits held in domestic offices $ 398.03 million
      % insured (estimated) 76.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.94 million
Subordinated debt N.A.
All other liabilities $ 0.62 millionn
      Total Liabilities $ 430.13 million
      Shareholders’ Equity $ 34.88 million

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 10.30 million
Total Interest Expense $ 3.71 million
Net interest income $ 6.59 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.81 million
Total non interest expense $ 4.75 million
Pre-tax Net Operating Income $ 3.27 million

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Branches

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First Farmers & Merchants Bank Locations