First Farmers & Merchants Bank
Major Rating Factors:
A current level of 0.1 percent of nonperforming loans to core capital combined with 0.1 percent from a year earlier contributes to the Excellent asset quality (8.5). Excellent current capitalization (7.5 on a scale of 0 to 10) based on a risk-based capital ratio of 14.0 and a capital leverage ratio of 9.3.
Other Rating Factors:
Operating profits as a percentage of assets at 1.9%, coupled with a return on assets of 1.0 has resulted in Good (6.5) profitability. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (5.7 on a scale of 0 to 10).
Asset Mix:
Securities (28%), comm re (13%), home mtgs (9%), comm loans (9%), cash (7%), home eq lns (3%), consumer loans (1%), other (29%)
States with Branches:
MN
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
215 Holding Co.
Investment Rating
--
Address
920 Fourth Street, South
Cannon Falls, MN 55009
Cannon Falls, MN 55009
Phone Number
(507) 263-3030
Year Founded
1915
FDIC Number
Website
Largest Affiliates
Luverne, MN
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Bank
Fairmont, MN
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Grand Meadow, MN
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Brownsdale, MN
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