TellerScore

First Farmers & Merchants State Bank of Grand Meadow (FDIC certificate #15621) is based in Grand Meadow, Minnesota. Its Q2 2026 call report shows $93.0M in total assets and $83.2M in deposits and 3 offices.

First Farmers & Merchants State Bank of Grand Meadow has a TellerScore of 68 out of 100 (moderate) based on Q2 2026 data — higher than only 33% of its 546 banks with under $100 million in assets. Among 223 banks headquartered in Minnesota, it ranks 126th. Problem-loan coverage contributes the most (97/100, 1.3%); capital cushion contributes the least (44/100, 9.44%).

TellerScore · Q2 2026

Scorecard

Capital cushion44/100
Tier 1 leverage ratio: 9.44%
Loan quality94/100
Noncurrent loans ÷ total loans: 0.17%
Earnings66/100
Return on assets (annualized): 1.15%
Funding & liquidity58/100
Loans ÷ deposits and uninsured-deposit share: 90.4% · 25.7% uninsured
Problem-loan coverage97/100
"Texas ratio": (noncurrent loans + foreclosed property) ÷ (equity + loan-loss reserves): 1.31%

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 3 points (65 → 68), mostly because the earnings component improved by 19 points.

TellerScore
465768Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202463
Q3 202464
Q4 202464
Q1 202562
Q2 202565
Q3 202560
Q4 202562
Q1 202646
Q2 202668
Tier 1 leverage ratio
5.00%7.22%9.44%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTier 1 leverage ratio
Q2 20248.89%
Q3 20249.24%
Q4 20248.92%
Q1 20258.61%
Q2 20258.86%
Q3 20258.85%
Q4 20259.02%
Q1 20269.00%
Q2 20269.44%
Noncurrent loans
0.00%1.26%2.52%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNoncurrent loans
Q2 20240.05%
Q3 20240.05%
Q4 20240.17%
Q1 20250.04%
Q2 20250.00%
Q3 20250.62%
Q4 20250.60%
Q1 20262.52%
Q2 20260.17%
Return on assets
0.41%0.85%1.28%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 20240.62%
Q3 20240.55%
Q4 20240.71%
Q1 20250.41%
Q2 20250.67%
Q3 20250.75%
Q4 20250.81%
Q1 20261.28%
Q2 20261.15%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202668$93.0M9.44%0.17%1.15%90.4%
Q1 202646$99.8M9.00%2.52%1.28%78.3%
Q4 202562$97.8M9.02%0.60%0.81%79.2%
Q3 202560$94.5M8.85%0.62%0.75%80.2%
Q2 202565$95.9M8.86%0.00%0.67%81.3%
Q1 202562$92.7M8.61%0.04%0.41%85.2%
Q4 202464$96.5M8.92%0.17%0.71%78.7%
Q3 202464$87.8M9.24%0.05%0.55%85.7%
Q2 202463$90.8M8.89%0.05%0.62%95.8%

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).

Capital ratio9.44%
13th
Total risk-based capital12.71%
57th
Problem loans0.17%
58th
Net charge-offs0.02%
28th
Return on assets1.15%
59th
Net interest margin4.45%
73rd
Efficiency ratio56.3%
81st
Loans to deposits90.4%
17th
Uninsured deposits25.7%
18th
Loan-loss reserves1.49%
68th
Texas ratio1.3%
54th

Similar-size banks in Minnesota

InstitutionScoreAssetsCapitalProblem loansCompare
Triumph State BankBank Trimont, MN57 out of 100, Moderate$93.3M12.9%5.00%vs
Integrity Bank PlusBank Wabasso, MN63 out of 100, Moderate$93.4M11.5%2.27%vs
First Farmers & Merchants State BankBank Brownsdale, MN67 out of 100, Moderate$96.4M11.5%1.31%vs
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
Concorde BankBank Blomkest, MN48 out of 100, Below average$88.3M10.1%2.73%vs

Deposit insurance

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

Yes. First Farmers & Merchants State Bank of Grand Meadow is an FDIC-insured institution (FDIC certificate #15621). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

An estimated 25.7% of deposits ($21.4M) 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 9.44%, above the 5% level regulators use as the "well capitalized" benchmark for this measure. Its total risk-based capital ratio is 12.71% (benchmark: 10%).

Check how much of your own balance is covered

3 locations

Branches

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

  • Grand Meadow, MN (1)
  • Stewartville, MN (1)

All branch addresses and map

Identity & history

Profile

Legal name
First Farmers & Merchants State Bank of Grand Meadow
Former names
First American State Bank of Grand Meadow; First State Bank of Grand Meadow
Type
State-chartered bank
FDIC certificate #
15621
RSSD ID
77150
Primary regulator
FDIC
Holding company
215 Holding Co
Established
April 9, 1938
Headquarters
105 Main St N, Grand Meadow, MN 55936
Employees
13

Quick answers

First Farmers & Merchants State Bank of Grand Meadow: common questions

Is First Farmers & Merchants State Bank of Grand Meadow FDIC insured?

Yes. First Farmers & Merchants State Bank of Grand Meadow is an FDIC-insured institution (FDIC certificate #15621). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category.

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

68 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 of Grand Meadow ever failed?

There is no failure record for FDIC certificate #15621 in the FDIC failed bank list.

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

3 offices as of the latest FDIC data.

Nearby

Highest-scoring banks and credit unions with branches near Grand Meadow

InstitutionScoreAssetsCapitalProblem loansCompare
Mayo Employees Federal Credit UnionCredit union Rochester, MN98 out of 100, Very strong$1.5B14.9%0.05%vs
Think Mutual BankBank Rochester, MN86 out of 100, Very strong$2.2B16.3%0.25%vs
First National BankBank Oldham, SD77 out of 100, Strong$477.8M18.4%2.01%vs
Premier Bank MinnesotaBank Hastings, MN77 out of 100, Strong$691.5M10.0%0.04%vs
First State Bank MinnesotaBank Le Roy, MN76 out of 100, Strong$105.9M11.4%0.80%vs
United Farmers State BankBank Adams, MN75 out of 100, Strong$233.8M10.3%0.33%vs