First Farmers & Merchants State Bank: how it compares with its peers
Against 84 MN banks with half to twice its assets, First Farmers & Merchants State Bank's strongest measure in Q2 2026 is assets per employee ($10.7M vs. a $7.0M peer median). Its weakest relative measure is return on assets (1.18% vs. 1.25%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.18% | 1.25% | Middle third Ahead of 45% of peers |
| Net interest margin Annualized net interest income over earning assets. | 4.33% | 4.10% | Middle third Ahead of 65% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 54.13% | 61.66% | Top third Ahead of 79% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $10.7M | $7.0M | Top third Ahead of 93% of peers |
| Loans to deposits Net loans and leases over total deposits. | 81.52% | 79.00% | Context |
What it means for lending operations
Its efficiency ratio of 54.13% 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
- The Miners National Bank of Eveleth Eveleth, MN · $97M
- The First National Bank of Osakis Osakis, MN · $98M
- Janesville State Bank Janesville, MN · $99M
- Integrity Bank Plus Wabasso, MN · $93M
- Triumph State Bank Trimont, MN · $93M
- First Farmers & Merchants State Bank of Grand Meadow Grand Meadow, MN · $93M
Questions about First Farmers & Merchants State Bank
How big is First Farmers & Merchants State Bank?
First Farmers & Merchants State Bank, established in 1908, is headquartered in Brownsdale, MN. It reported $96M in total assets in its Q2 2026 FDIC call report and operates 2 offices.
What is First Farmers & Merchants State Bank's return on assets?
1.18% annualized in Q2 2026, against a 1.25% median for 84 MN banks with half to twice its assets, ahead of 45% of them.
What is First Farmers & Merchants State Bank's efficiency ratio?
54.13% in Q2 2026: it spent about 54 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 growing its loans?
Net loans shrank 4.9% over the year to Q2 2026, while deposits grew 7.4%.
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.