First Farmers & Merchants State Bank of Grand Meadow: how it compares with its peers
Against 88 MN banks with half to twice its assets, First Farmers & Merchants State Bank of Grand Meadow's strongest measure in Q2 2026 is net interest margin (4.45% vs. a 4.04% peer median). Its weakest relative measure is return on assets (1.15% vs. 1.25%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.15% | 1.25% | Middle third Ahead of 43% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.45% | 4.04% | Top third Ahead of 70% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 56.26% | 61.66% | Top third Ahead of 70% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $7.2M | $7.1M | Middle third Ahead of 51% of peers |
| Loans to deposits Net loans and leases over total deposits. | 90.44% | 78.35% | Context |
What it means for lending operations
Its efficiency ratio of 56.26% is better than the 61.66% peer median. Banks that already run lean usually find their next gains in loan growth: faster digital applications and fewer borrowers abandoning a slow document chase.
Banks closest in size
- Triumph State Bank Trimont, MN · $93M
- Integrity Bank Plus Wabasso, MN · $93M
- First Farmers & Merchants State Bank Brownsdale, MN · $96M
- The Miners National Bank of Eveleth Eveleth, MN · $97M
- The First National Bank of Osakis Osakis, MN · $98M
- Concorde Bank Blomkest, MN · $88M
Questions about First Farmers & Merchants State Bank of Grand Meadow
How big is First Farmers & Merchants State Bank of Grand Meadow?
First Farmers & Merchants State Bank of Grand Meadow, established in 1938, is headquartered in Grand Meadow, MN. It reported $93M in total assets in its Q2 2026 FDIC call report and operates 3 offices.
What is First Farmers & Merchants State Bank of Grand Meadow's return on assets?
1.15% annualized in Q2 2026, against a 1.25% median for 88 MN banks with half to twice its assets, ahead of 43% of them.
What is First Farmers & Merchants State Bank of Grand Meadow's efficiency ratio?
56.26% in Q2 2026: it spent about 56 cents in noninterest expense for each dollar of revenue. The peer median is 61.66%, and lower is better.
Is First Farmers & Merchants State Bank of Grand Meadow growing its loans?
Net loans grew 6.7% over the year to Q2 2026, while deposits shrank 4.1%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are MN banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Minnesota bank ranked.