TellerScore

Headquartered in Brownsdale, Minnesota, First Farmers & Merchants State Bank is a state-chartered bank with $96.4M in total assets and $85.7M in deposits as of Q2 2026. It operates 2 offices. Its charter dates back to 1908.

First Farmers & Merchants State Bank has a TellerScore of 67 out of 100 (moderate) based on Q2 2026 data — higher than only 30% of its 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 135th. Problem-loan coverage contributes the most (83/100, 8.3%); loan quality contributes the least (56/100, 1.31%).

TellerScore · Q2 2026

Scorecard

Capital cushion65/100
Tier 1 leverage ratio: 11.46%
Loan quality56/100
Noncurrent loans ÷ total loans: 1.31%
Earnings67/100
Return on assets (annualized): 1.18%
Funding & liquidity79/100
Loans ÷ deposits and uninsured-deposit share: 81.5% · 12.7% uninsured
Problem-loan coverage83/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 8.33%

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 32 points (35 → 67), mostly because the loan quality component improved by 56 points.

TellerScore
355167Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202466
Q3 202451
Q4 202452
Q1 202541
Q2 202535
Q3 202542
Q4 202554
Q1 202645
Q2 202667
Tier 1 leverage ratio
5.00%8.23%11.46%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20249.82%
Q3 20249.79%
Q4 20249.93%
Q1 202510.28%
Q2 202510.16%
Q3 202510.40%
Q4 202511.19%
Q1 202610.78%
Q2 202611.46%
Noncurrent loans
0.00%2.35%4.70%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.00%
Q3 20241.65%
Q4 20241.63%
Q1 20253.18%
Q2 20253.05%
Q3 20252.66%
Q4 20251.82%
Q1 20264.70%
Q2 20261.31%
Return on assets
-0.03%0.57%1.18%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.52%
Q3 20240.47%
Q4 20240.64%
Q1 20250.58%
Q2 2025-0.03%
Q3 20250.21%
Q4 20250.38%
Q1 20260.93%
Q2 20261.18%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202667$96.4M11.46%1.31%1.18%81.5%
Q1 202645$96.6M10.78%4.70%0.93%79.3%
Q4 202554$94.1M11.19%1.82%0.38%88.4%
Q3 202542$93.1M10.40%2.66%0.21%85.5%
Q2 202535$95.8M10.16%3.05%-0.03%92.1%
Q1 202541$95.9M10.28%3.18%0.58%87.0%
Q4 202452$98.6M9.93%1.63%0.64%96.7%
Q3 202451$102.9M9.79%1.65%0.47%93.7%
Q2 202466$102.8M9.82%0.00%0.52%105.1%

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).

Capital ratio11.46%
35th
Total risk-based capital15.02%
61st
Problem loans1.31%
29th
Net charge-offs0.76%
4th
Return on assets1.18%
61st
Net interest margin4.33%
69th
Efficiency ratio54.1%
84th
Loans to deposits81.5%
27th
Uninsured deposits12.7%
64th
Loan-loss reserves1.32%
58th
Texas ratio8.3%
23rd

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
The Miners National Bank of EvelethBank Eveleth, MN74 out of 100, Strong$96.6M10.1%0.00%vs
The First National Bank of OsakisBank Osakis, MN61 out of 100, Moderate$97.6M8.7%0.67%vs
Janesville State BankBank Janesville, MN81 out of 100, Strong$98.8M11.4%0.00%vs
Integrity Bank PlusBank Wabasso, MN63 out of 100, Moderate$93.4M11.5%2.27%vs
Triumph State BankBank Trimont, MN57 out of 100, Moderate$93.3M12.9%5.00%vs
First Farmers & Merchants State Bank of Grand MeadowBank Grand Meadow, MN68 out of 100, Moderate$93.0M9.4%0.17%vs

Deposit insurance

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

Yes. First Farmers & Merchants State Bank is an FDIC-insured institution (FDIC certificate #1600). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 12.7% of deposits ($10.9M) are above the $250,000 FDIC insurance limit, below the peer median of 16%. Insured balances are protected regardless of the score.

The tier 1 leverage ratio is 11.46%, well above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 15.02% (benchmark: 10%).

Check how much of your own balance is covered

2 locations

Branches

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

All branch addresses and map

Identity & history

Profile

Legal name
First Farmers & Merchants State Bank
Former names
First American State Bank; State Bank of Brownsdale; First American State Bank of Brownsdale
Type
State-chartered bank
FDIC certificate #
1600
RSSD ID
276654
Primary regulator
FDIC
Holding company
215 Holding Co
Established
February 8, 1908
Headquarters
106 W Main St, Brownsdale, MN 55918
Employees
9

Quick answers

First Farmers & Merchants State Bank: common questions

Is First Farmers & Merchants State Bank FDIC insured?

Yes. First Farmers & Merchants State Bank is an FDIC-insured institution (FDIC certificate #1600). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

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

67 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 First Farmers & Merchants State Bank ever failed?

There is no failure record for FDIC certificate #1600 in the FDIC failed bank list.

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

2 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Brownsdale

InstitutionScoreAssetsCapitalProblem loansCompare
Mayo Employees Federal Credit UnionCredit union Rochester, MN98 out of 100, Very strong$1.5B14.9%0.05%vs
Austin City Employees Credit UnionCredit union Austin, MN97 out of 100, Very strong$11.6M19.1%0.00%vs
Mower County Employees Credit UnionCredit union Austin, MN90 out of 100, Very strong$13.4M14.7%0.17%vs
Think Mutual BankBank Rochester, MN86 out of 100, Very strong$2.2B16.3%0.25%vs
Commerce BankBank Geneva, MN78 out of 100, Strong$220.0M13.9%0.60%vs
First National BankBank Oldham, SD77 out of 100, Strong$477.8M18.4%2.01%vs