TellerScore

Headquartered in Luverne, Minnesota, First Farmers & Merchants National Bank is a national bank with $242.6M in total assets and $213.5M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1931.

Based on its Q2 2026 filing, First Farmers & Merchants National Bank scores 70/100, which we describe as strong. That is higher than only 43% of 2,650 banks with $100 million – $1 billion. Among 223 banks headquartered in Minnesota, it ranks 106th. Its strongest component is problem-loan coverage (89/100; 5.5%), and its lowest is funding & liquidity (58/100; 86% loans-to-deposits, 30% uninsured).

TellerScore · Q2 2026

Scorecard

Capital cushion66/100
Tier 1 leverage ratio: 11.62%
Loan quality72/100
Noncurrent loans ÷ total loans: 0.85%
Earnings71/100
Return on assets (annualized): 1.26%
Funding & liquidity58/100
Loans ÷ deposits and uninsured-deposit share: 85.7% · 30.5% uninsured
Problem-loan coverage89/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 5.53%

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 6 points (76 → 70), mostly because the loan quality component weakened by 28 points.

TellerScore
707477Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202472
Q3 202472
Q4 202477
Q1 202574
Q2 202576
Q3 202577
Q4 202574
Q1 202672
Q2 202670
Tier 1 leverage ratio
5.00%8.31%11.62%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 202410.89%
Q3 202410.83%
Q4 202411.41%
Q1 202511.27%
Q2 202511.53%
Q3 202511.36%
Q4 202511.32%
Q1 202611.06%
Q2 202611.62%
Noncurrent loans
0.00%0.42%0.85%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20240.00%
Q4 20240.00%
Q1 20250.00%
Q2 20250.00%
Q3 20250.00%
Q4 20250.35%
Q1 20260.32%
Q2 20260.85%
Return on assets
0.77%1.03%1.29%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.77%
Q3 20240.81%
Q4 20241.12%
Q1 20250.89%
Q2 20250.94%
Q3 20251.06%
Q4 20251.29%
Q1 20261.13%
Q2 20261.26%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202670$242.6M11.62%0.85%1.26%85.7%
Q1 202672$249.0M11.06%0.32%1.13%82.5%
Q4 202574$244.7M11.32%0.35%1.29%82.8%
Q3 202577$240.8M11.36%0.00%1.06%78.1%
Q2 202576$225.5M11.53%0.00%0.94%85.9%
Q1 202574$230.6M11.27%0.00%0.89%86.0%
Q4 202477$227.3M11.41%0.00%1.12%83.8%
Q3 202472$237.2M10.83%0.00%0.81%83.3%
Q2 202472$234.4M10.89%0.00%0.77%85.5%

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 ratio11.62%
60th
Total risk-based capital15.31%
69th
Problem loans0.85%
32nd
Net charge-offs0.00%
68th
Return on assets1.26%
51st
Net interest margin4.05%
57th
Efficiency ratio53.0%
77th
Loans to deposits85.7%
36th
Uninsured deposits30.5%
27th
Loan-loss reserves1.07%
35th
Texas ratio5.5%
32nd

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Center National BankBank Litchfield, MN80 out of 100, Strong$242.6M11.1%0.00%vs
Arcadian BankBank Hartland, MN85 out of 100, Very strong$242.1M12.0%0.10%vs
BankwestBank Rockford, MN76 out of 100, Strong$239.9M9.5%0.08%vs
Cornerstone State BankBank Montgomery, MN74 out of 100, Strong$247.0M10.6%0.80%vs
Drake BankBank Saint Paul, MN18 out of 100, Low$247.4M7.3%4.49%vs
United Farmers State BankBank Adams, MN75 out of 100, Strong$233.8M10.3%0.33%vs

Deposit insurance

Is my money safe at First Farmers & Merchants National Bank?

Yes. First Farmers & Merchants National Bank is an FDIC-insured institution (FDIC certificate #5186). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 30.5% of deposits ($65.0M) are above the $250,000 FDIC insurance limit, above the peer median of 24%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.62%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.31% (benchmark: 10%).

Check how much of your own balance is covered

2 locations

Branches

First Farmers & Merchants National Bank lists 2 offices in 2 cities. Most locations:

  • Luverne, MN (1)
  • Pipestone, MN (1)

All branch addresses and map

Identity & history

Profile

Legal name
First Farmers & Merchants National Bank
Former names
The Luverne National Bank; First Bank Luverne (National Association); First Farmers and Merchants National Bank; First National Bank of Luverne
Type
National bank
FDIC certificate #
5186
RSSD ID
917854
Primary regulator
OCC
Holding company
215 Holding Co
Established
January 1, 1931
Headquarters
303 E Main St, Luverne, MN 56156
Employees
26

Quick answers

First Farmers & Merchants National Bank: common questions

Is First Farmers & Merchants National Bank FDIC insured?

Yes. First Farmers & Merchants National Bank is an FDIC-insured institution (FDIC certificate #5186). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

What is First Farmers & Merchants National Bank's TellerScore?

70 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 National Bank ever failed?

There is no failure record for FDIC certificate #5186 in the FDIC failed bank list.

How many branches does First Farmers & Merchants National Bank have?

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Luverne

InstitutionScoreAssetsCapitalProblem loansCompare
State Bank of ChandlerBank Chandler, MN74 out of 100, Strong$68.7M11.6%0.95%vs
First Bank & TrustBank Brookings, SD70 out of 100, Strong$4.8B10.4%0.42%vs
First State Bank SouthwestBank Pipestone, MN70 out of 100, Strong$409.9M9.7%0.71%vs
Security Savings BankBank Canton, SD69 out of 100, Moderate$557.4M9.4%0.09%vs
Peoples BankBank Rock Valley, IA69 out of 100, Moderate$1.3B10.7%0.85%vs
Minnwest BankBank Redwood Falls, MN68 out of 100, Moderate$2.9B10.8%0.56%vs