First Farmers & Merchants Bank
Cannon Falls, MN · Owner: 215 Holding Co
$486M
total assets, June 30, 2026
$486M
total assets, June 30, 2026
First Farmers & Merchants Bank is a state nonmember bank based in Cannon Falls, MN, owned by 215 Holding Co. As of June 30, 2026 it held $486.4 million in assets and $436.8 million in deposits; assets were up 4.8% from a year before. It has 7 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$486M
+4.8% in a year · +2.7% in a quarter
Deposits
$437M
+3.8% in a year · +2.5% in a quarter
Loans
$310M
+5.0% in a year · +4.3% in a quarter
Profit so far
$3.3M
Jan 1 to Jun 30, 2026 · +48.8% in a year
Capital ratio
10.09%
+0.61 pts in a year
Return on assets
1.36%
+0.39 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 920 4th St S, Cannon Falls, MN, 55009
- County
- Goodhue
- Holding company
- 215 Holding Co
- Established
- Jun 21, 1915
- Employees
- 54
- Branches
- 7
- Website
- www.ffmbank.com
- Id
- b10168
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
7 offices as of June 30, 2026, holding $436.8 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 7 | $437M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| First Farmers & Merchants Bank (main office) | Cannon Falls, MN | $143M |
| Goodhue Branch | Goodhue, MN | $88.7M |
| Red Wing Branch | Red Wing, MN | $87.7M |
| Le Sueur Branch | Le Sueur, MN | $80.0M |
| White Rock Branch | Cannon Falls, MN | $33.1M |
| Bellechester Branch | Bellchester, MN | $4.5M |
| Cannon Falls Family Fare Branch | Cannon Falls, MN | $0 |
Related pages
Questions and answers
How big is First Farmers & Merchants Bank?
$486.4 million in total assets and $436.8 million in deposits as of June 30, 2026, with assets up 4.8% from a year before. Its loans were $310.0 million.
How many branches does First Farmers & Merchants Bank have?
7 branches in Minnesota as of June 30, 2026.
Is First Farmers & Merchants Bank profitable?
Yes: it earned $3.29 million from January 1 to June 30, 2026 (up 48.8% from the same months a year before). Its return on assets was 1.36% a year; about 1% is typical.
Who owns First Farmers & Merchants Bank?
First Farmers & Merchants Bank is owned by 215 Holding Co, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.