PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Farmers & Merchants Bank

Cannon Falls, MN · Cert 10168 · 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
Loan mix
85%RE $218.1M13%C&I $34.0M2%Consumer $4.7MQ2 2025Q2 2026
Deposit mix
82%Interest-bearing $359.1M18%Noninterest $77.7MQ2 2025Q2 2026

NIM

4.32%Q2 ’244.93%Q2 ’255.15%Q2 ’26+34%+8%

Non-interest income vs. expense

2.09%Q2 ’242.09%Q2 ’252.18%Q2 ’26+3%+4%

Market Position · Minneapolis-St. Paul-Bloomington, MN-WI · 2026 SOD (annual) · 0.0% share · #102 of 125 inst. · $0.1B of $253.2B

24.6% Goodhue
9.9% Le Sueur

Executive Summary

  • Earnings: ROA of 1.56%, up 50 bps year over year; NIM at 4.08%.
  • Asset quality: problem loans at 0.01% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 10.09%, up 61 bps from a year ago.
  • Funding: loans stand at 70.96% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.56%+50 bps YoY

Net Interest Margin (quarter, annualized)

4.08%+31 bps YoY

Efficiency Ratio (quarter, annualized)

49.46%-179 bps YoY

Tier 1 Leverage Ratio

10.09%+61 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%1.11%1.10%1.18%1.56%+50 bps
Return on Equity12.44%12.91%12.72%13.57%16.96%+452 bps
Net Interest Margin3.77%3.85%3.88%3.98%4.08%+31 bps
Efficiency Ratio51.25%50.37%49.64%48.26%49.46%-179 bps
Non-Interest Burden1.76%1.73%1.73%1.73%1.83%+7 bps
Growth
Asset Growth (YoY)-0.16%2.63%7.71%4.88%4.77%+493 bps
Loan Growth (YoY)2.96%4.60%5.34%4.58%5.03%+207 bps
Deposit Growth (YoY)5.77%7.72%6.35%3.94%3.75%-202 bps
Asset Quality
Nonperforming Loans / Loans0.01%0.01%0.01%0.01%0.01%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans0.95%0.96%1.00%1.01%0.98%+3 bps
Allowance Coverage of NPLs116.6x118.6x122.8x125.4x126.0x+9.4x
Capital
Tier 1 Leverage Ratio9.48%9.30%9.44%9.44%10.09%+61 bps
Total Risk-Based Capital13.95%13.98%14.51%14.34%14.93%+98 bps
Equity / Assets8.53%8.61%8.62%8.72%9.66%+113 bps
Liquidity & Funding
Loans / Deposits70.10%69.58%66.51%69.76%70.96%+86 bps
Liquid Assets / Assets4.29%5.85%7.52%4.80%4.95%+66 bps
CRE / Total Capitaln/a209%202%209%n/an/a