TellerScore

First Farmers & Merchants Bank (FDIC certificate #10168) is based in Cannon Falls, Minnesota. Its Q2 2026 call report shows $486.4M in total assets and $436.8M in deposits and 7 offices.

Based on its Q2 2026 filing, First Farmers & Merchants Bank scores 77/100, which we describe as strong. That is higher than 68% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 46th. Its strongest component is loan quality (100/100; 0.01%), and its lowest is capital cushion (51/100; 10.09%).

TellerScore · Q2 2026

Scorecard

Capital cushion51/100
Tier 1 leverage ratio: 10.09%
Loan quality100/100
Noncurrent loans ÷ total loans: 0.01%
Earnings74/100
Return on assets (annualized): 1.36%
Funding & liquidity79/100
Loans ÷ deposits and uninsured-deposit share: 70.3% · 24.7% uninsured
Problem-loan coverage100/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 0.05%

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 rose 5 points (72 → 77), mostly because the earnings component improved by 15 points.

TellerScore
677277Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202467
Q3 202467
Q4 202471
Q1 202573
Q2 202572
Q3 202572
Q4 202576
Q1 202674
Q2 202677
Tier 1 leverage ratio
5.00%7.55%10.09%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.16%
Q3 20249.23%
Q4 20249.47%
Q1 20259.69%
Q2 20259.48%
Q3 20259.30%
Q4 20259.86%
Q1 20269.44%
Q2 202610.09%
Noncurrent loans
0.00%0.00%0.01%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.01%
Q4 20240.01%
Q1 20250.01%
Q2 20250.01%
Q3 20250.01%
Q4 20250.01%
Q1 20260.01%
Q2 20260.01%
Return on assets
0.44%0.90%1.36%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.44%
Q3 20240.45%
Q4 20240.79%
Q1 20250.88%
Q2 20250.97%
Q3 20251.01%
Q4 20251.20%
Q1 20261.18%
Q2 20261.36%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202677$486.4M10.09%0.01%1.36%70.3%
Q1 202674$473.5M9.44%0.01%1.18%69.0%
Q4 202576$490.5M9.86%0.01%1.20%65.8%
Q3 202572$472.1M9.30%0.01%1.01%68.9%
Q2 202572$464.3M9.48%0.01%0.97%69.4%
Q1 202573$451.4M9.69%0.01%0.88%68.6%
Q4 202471$456.3M9.47%0.01%0.79%66.5%
Q3 202467$460.0M9.23%0.01%0.45%70.9%
Q2 202467$465.0M9.16%0.00%0.44%71.3%

2,650 peers · $100 million – $1 billion

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).

Capital ratio10.09%
34th
Total risk-based capital14.93%
68th
Problem loans0.01%
86th
Net charge-offs-0.00%
77th
Return on assets1.36%
57th
Net interest margin4.14%
62nd
Efficiency ratio48.9%
85th
Loans to deposits70.3%
69th
Uninsured deposits24.7%
47th
Loan-loss reserves0.98%
24th
Texas ratio0.0%
87th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
First State Bank and TrustBank Bayport, MN73 out of 100, Strong$499.0M8.9%0.03%vs
American National Bank of MinnesotaBank Baxter, MN65 out of 100, Moderate$473.2M10.8%1.00%vs
Northview BankBank Sandstone, MN74 out of 100, Strong$469.7M10.8%0.46%vs
Eagle Rock BankBank Rochester, MN72 out of 100, Strong$508.2M13.8%0.92%vs
Sterling State BankBank Austin, MN59 out of 100, Moderate$461.9M8.5%0.47%vs
Kensington BankBank Kensington, MN69 out of 100, Moderate$446.7M9.9%0.58%vs

Deposit insurance

Is my money safe at First Farmers & Merchants Bank?

Yes. First Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #10168). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 24.7% of deposits ($107.7M) are above the $250,000 FDIC insurance limit, close to the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 10.09%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 14.93% (benchmark: 10%).

Check how much of your own balance is covered

7 locations

Branches

First Farmers & Merchants Bank lists 5 offices in 4 cities. Most locations:

  • Cannon Falls, MN (2)
  • Goodhue, MN (1)
  • Le Sueur, MN (1)
  • Red Wing, MN (1)

All branch addresses and map

HMDA 2025

Mortgage lending

In 2025, First Farmers & Merchants Bank reported 80 home-loan applications under HMDA (LEI 549300TIX8J3RRFKXZ81): 59 originated ($20,465,000 total), 7 denied, and 13 withdrawn or closed by the applicant. Its denial rate on decided applications was 10.4%, compared with 22.2% for all lenders nationwide.

Denial rates depend heavily on loan type and applicant mix and are not a measure of fairness or of your own odds.

Identity & history

Profile

Legal name
First Farmers & Merchants Bank
Former names
White Rock Bank; White Rock State Bank
Type
State-chartered bank
FDIC certificate #
10168
RSSD ID
217059
Primary regulator
FDIC
Holding company
215 Holding Co
Established
June 21, 1915
Headquarters
920 4th St S, Cannon Falls, MN 55009
Employees
54

Quick answers

First Farmers & Merchants Bank: common questions

Is First Farmers & Merchants Bank FDIC insured?

Yes. First Farmers & Merchants Bank is an FDIC-insured institution (FDIC certificate #10168). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Farmers & Merchants Bank's TellerScore?

77 out of 100 (Strong), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

Has First Farmers & Merchants Bank ever failed?

There is no failure record for FDIC certificate #10168 in the FDIC failed bank list.

How many branches does First Farmers & Merchants Bank have?

7 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Cannon Falls

InstitutionScoreAssetsCapitalProblem loansCompare
Castle Rock BankBank Castle Rock, MN93 out of 100, Very strong$293.5M14.2%0.01%vs
Vermillion State BankBank Vermillion, MN90 out of 100, Very strong$931.4M13.4%0.24%vs
Think Mutual BankBank Rochester, MN86 out of 100, Very strong$2.2B16.3%0.25%vs
Security State Bank of WanamingoBank Wanamingo, MN84 out of 100, Strong$112.7M11.4%0.00%vs
Red Wing Credit UnionCredit union Red Wing, MN83 out of 100, Strong$208.0M12.5%0.30%vs
Genisys Credit UnionCredit union Auburn Hills, MI81 out of 100, Strong$6.6B15.5%1.09%vs