Farmers & Merchants State Bank of New York Mills, Incorporated (FDIC certificate #9340) is based in New York Mills, Minnesota. Its Q2 2026 call report shows $83.5M in total assets and $72.2M in deposits and 1 office.
Based on its Q2 2026 filing, Farmers & Merchants State Bank of New York Mills, Incorporated scores 64/100, which we describe as moderate. That is higher than only 24% of 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 159th. Its strongest component is funding & liquidity (95/100; 53% loans-to-deposits, 20% uninsured), and its lowest is loan quality (24/100; 2.28%).
TellerScore · Q2 2026
Scorecard
The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.
9 quarters
Health trend
From Q2 2025 to Q2 2026, the score fell 13 points (77 → 64), mostly because the loan quality component weakened by 75 points.
Show as table
| Quarter | TellerScore |
|---|---|
| Q2 2024 | 61 |
| Q3 2024 | 70 |
| Q4 2024 | 62 |
| Q1 2025 | 77 |
| Q2 2025 | 77 |
| Q3 2025 | 78 |
| Q4 2025 | 79 |
| Q1 2026 | 71 |
| Q2 2026 | 64 |
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| Quarter | Tier 1 leverage ratio |
|---|---|
| Q2 2024 | 14.12% |
| Q3 2024 | 14.47% |
| Q4 2024 | 14.10% |
| Q1 2025 | 13.46% |
| Q2 2025 | 13.09% |
| Q3 2025 | 13.36% |
| Q4 2025 | 13.46% |
| Q1 2026 | 13.51% |
| Q2 2026 | 13.27% |
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| Quarter | Noncurrent loans |
|---|---|
| Q2 2024 | 2.69% |
| Q3 2024 | 2.05% |
| Q4 2024 | 2.05% |
| Q1 2025 | 0.00% |
| Q2 2025 | 0.02% |
| Q3 2025 | 0.34% |
| Q4 2025 | 0.35% |
| Q1 2026 | 1.40% |
| Q2 2026 | 2.28% |
Show as table
| Quarter | Return on assets |
|---|---|
| Q2 2024 | 0.80% |
| Q3 2024 | 0.90% |
| Q4 2024 | 0.19% |
| Q1 2025 | -0.06% |
| Q2 2025 | 0.05% |
| Q3 2025 | 0.29% |
| Q4 2025 | 0.41% |
| Q1 2026 | 0.72% |
| Q2 2026 | 0.91% |
| Quarter | Score | Assets | Capital | Problem loans | ROA | Loans/deposits |
|---|---|---|---|---|---|---|
| Q2 2026 | 64 | $83.5M | 13.27% | 2.28% | 0.91% | 53.1% |
| Q1 2026 | 71 | $82.2M | 13.51% | 1.40% | 0.72% | 46.7% |
| Q4 2025 | 79 | $78.5M | 13.46% | 0.35% | 0.41% | 46.4% |
| Q3 2025 | 78 | $77.6M | 13.36% | 0.34% | 0.29% | 48.9% |
| Q2 2025 | 77 | $78.7M | 13.09% | 0.02% | 0.05% | 46.9% |
| Q1 2025 | 77 | $78.4M | 13.46% | 0.00% | -0.06% | 45.2% |
| Q4 2024 | 62 | $75.0M | 14.10% | 2.05% | 0.19% | 50.5% |
| Q3 2024 | 70 | $78.0M | 14.47% | 2.05% | 0.90% | 50.9% |
| Q2 2024 | 61 | $77.2M | 14.12% | 2.69% | 0.80% | 49.8% |
546 peers · Under $100 million in assets
How it compares with peers
Percentile against banks of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).
Similar-size banks in Minnesota
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Lowry State BankBank Lowry, MN | 39 out of 100, Low | $84.1M | 9.6% | 3.18% | vs |
| Odin State BankBank Odin, MN | 39 out of 100, Low | $82.4M | 8.5% | 2.17% | vs |
| Vantage BankBank Kent, MN | 68 out of 100, Moderate | $85.0M | 8.5% | 0.35% | vs |
| American State Bank of GryglaBank Grygla, MN | 83 out of 100, Strong | $81.8M | 10.8% | 0.00% | vs |
| First Security Bank - CanbyBank Canby, MN | 97 out of 100, Very strong | $85.2M | 14.1% | 0.08% | vs |
| State Bank of Cold SpringBank Cold Spring, MN | 66 out of 100, Moderate | $81.7M | 10.1% | 1.60% | vs |
Deposit insurance
Is my money safe at Farmers & Merchants State Bank of New York Mills, Incorporated?
Yes. Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured institution (FDIC certificate #9340). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
An estimated 19.8% of deposits ($14.3M) are above the $250,000 FDIC insurance limit, above the peer median of 16%. Insured balances are protected regardless of the score.
The tier 1 leverage ratio is 13.27%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 25.54% (benchmark: 10%).
1 location
Branches
Farmers & Merchants State Bank of New York Mills, Incorporated lists 1 office in 1 city. Most locations:
- New York Mills, MN (1)
Identity & history
Profile
- Legal name
- Farmers & Merchants State Bank of New York Mills, Incorporated
- Type
- State-chartered bank
- FDIC certificate #
- 9340
- RSSD ID
- 721752
- Primary regulator
- FDIC
- Holding company
- New York Mills Bancshares Inc
- Established
- December 16, 1916
- Headquarters
- 11 Walker Ave N, New York Mills, MN 56567
- Website
- www.fmbanknym.com
- Employees
- 10
Quick answers
Farmers & Merchants State Bank of New York Mills, Incorporated: common questions
Is Farmers & Merchants State Bank of New York Mills, Incorporated FDIC insured?
Yes. Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured institution (FDIC certificate #9340). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.
What is Farmers & Merchants State Bank of New York Mills, Incorporated's TellerScore?
64 out of 100 (Moderate), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.
Has Farmers & Merchants State Bank of New York Mills, Incorporated ever failed?
There is no failure record for FDIC certificate #9340 in the FDIC failed bank list.
How many branches does Farmers & Merchants State Bank of New York Mills, Incorporated have?
1 office as of the latest FDIC data.
Nearby
Highest-scoring banks and credit unions with branches near New York Mills
| Institution | Score | Assets | Capital | Problem loans | Compare |
|---|---|---|---|---|---|
| Community First BankBank Menahga, MN | 90 out of 100, Very strong | $126.5M | 12.8% | 0.28% | vs |
| Wadena State BankBank Wadena, MN | 81 out of 100, Strong | $206.6M | 9.8% | 0.04% | vs |
| Mid-Central National BankBank Wadena, MN | 77 out of 100, Strong | $117.1M | 14.9% | 0.76% | vs |
| Magnifi Financial Credit UnionCredit union Melrose, MN | 68 out of 100, Moderate | $2.8B | 11.0% | 0.21% | vs |
| My Kind of Bank, National AssociationBank Ottertail, MN | 64 out of 100, Moderate | $422.6M | 9.0% | 0.96% | vs |
| Old National BankBank Evansville, IN | 59 out of 100, Moderate | $73.9B | 8.8% | 0.92% | vs |