First Farmers & Merchants Bank
Cannon Falls, MN · Cert 10168 · Peer group: banks under $1B in assets in MN (n=111-113) · 215 Holding Co.
State charter, non-member · FDIC · 5 affiliate banks · 7 branches (24 in holding)
Q2 2026
$486.4MAssets
$310.0MLoans
$436.8MDeposits
$47.0MEquity
Executive Summary
- Strongest standing: efficiency ratio outperforms 89% of banks under $1B in assets in MN (rank 13 of 113).
- Widest gap: equity / assets trails 60% of banks under $1B in assets in MN (rank 68 of 113).
- Overall: at or above the peer median on 8 of 9 directional measures.
Return on Assets
1.35%
Rank 37 of 113
Net Interest Margin
4.00%
Rank 48 of 113
Efficiency Ratio
48.87%
Rank 13 of 113
Equity / Assets
9.66%
Rank 68 of 113
Non-interest income vs. expense
Unfavorable gap of $8.5M · efficiency ratio beats 89% of banks under $1B in assets in MN | Metric | Your Bank | Peer 25th | Peer Median | Peer 75th | Standing | Rank | 8-Qtr Trend | Peer Position |
|---|
| Earnings |
| Return on Assets | 1.35% | 0.87% | 1.20% | 1.41% | Beats 67% | 37 / 113 | | |
| Return on Equity | 13.99% | 8.92% | 11.27% | 13.99% | Beats 74% | 29 / 113 | | |
| Net Interest Margin | 4.00% | 3.42% | 3.88% | 4.31% | Beats 58% | 48 / 113 | | |
| Efficiency Ratio | 48.87% | 54.13% | 61.48% | 69.86% | Beats 89% | 13 / 113 | | |
| Asset Quality |
| Nonperforming Loans / Loans | 0.01% | 0.09% | 0.58% | 1.82% | Beats 88% | 14 / 111 | | |
| Net Charge-Offs / Loans | 0.00% | n/a | 0.00% | 0.04% | Beats 65% | 40 / 111 | | |
| Capital |
| Tier 1 Capital Ratio | 14.04% | 11.53% | 13.31% | 18.13% | Beats 55% | 51 / 113 | | |
| Total Risk-Based Capital Ratio | 14.93% | 12.12% | 14.43% | 19.39% | Beats 52% | 54 / 113 | | |
| Equity / Assets | 9.66% | 8.52% | 10.10% | 11.94% | Beats 40% | 68 / 113 | | |
| Liquidity & Funding |
| Loans / Deposits | 70.96% | 62.08% | 77.32% | 88.06% | 36th pctl | 71 / 111 | | |
| Loans / Assets | 63.72% | 55.01% | 66.35% | 75.50% | 43rd pctl | 64 / 113 | | |
| Brokered Deposits / Deposits | n/a | Not reported for this institution |