First Farmers & Merchants State Bank
Major Rating Factors:
A current level of 9.8 percent of nonperforming loans to core capital combined with 22.9 percent from a year earlier contributes to the Fair asset quality (4.6). Operating profits as a percentage of assets at 1.8%, coupled with a return on assets of 1.2 has resulted in Good (5.4) profitability.
Other Rating Factors:
Excellent current capitalization (10.0 on a scale of 0 to 10) based on a risk-based capital ratio of 15.0 and a capital leverage ratio of 11.5. A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Good overall stability index (6.0 on a scale of 0 to 10).
Asset Mix:
Securities (21%), comm re (13%), comm loans (11%), home mtgs (4%), cash (4%), home eq lns (3%), consumer loans (0%), other (43%)
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
106 West Main Street
Brownsdale, MN 55918
Brownsdale, MN 55918
Phone Number
(507) 567-2219
Year Founded
1908
FDIC Number
Website
Largest Affiliates
Sioux City, IA
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Cannon Falls, MN
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Luverne, MN
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Fairmont, MN
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Grand Meadow, MN
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