First Farmers & Merchants State Bank of Grand Meadow
Grand Meadow, MN · Owner: 215 Holding Co
$93.0M
total assets, June 30, 2026
$93.0M
total assets, June 30, 2026
First Farmers & Merchants State Bank of Grand Meadow is a state nonmember bank based in Grand Meadow, MN, owned by 215 Holding Co. As of June 30, 2026 it held $93.0 million in assets and $83.2 million in deposits; assets were down 3.0% from a year before. It has 3 branches.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$93.0M
-3.0% in a year · -6.8% in a quarter
Deposits
$83.2M
-4.1% in a year · -7.6% in a quarter
Loans
$76.4M
+6.9% in a year · +6.8% in a quarter
Profit so far
$559K
Jan 1 to Jun 30, 2026 · +75.8% in a year
Capital ratio
9.44%
+0.58 pts in a year
Return on assets
1.15%
+0.48 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 105 Main St N, Grand Meadow, MN, 55936
- County
- Mower
- Holding company
- 215 Holding Co
- Established
- Apr 9, 1938
- Employees
- 13
- Branches
- 3
- Website
- www.ffmbank.com
- Id
- b15621
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
3 offices as of June 30, 2026, holding $83.2 million in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Minnesota | 3 | $83.2M | 100.0% |
| Largest branches | Place | Deposits |
|---|---|---|
| First Farmers & Merchants State Bank Of Grand Meadow (main office) | Grand Meadow, MN | $45.2M |
| Stewartville Branch | Stewartville, MN | $30.8M |
| Detached Facility | Racine, MN | $7.2M |
Related pages
Questions and answers
How big is First Farmers & Merchants State Bank of Grand Meadow?
$93.0 million in total assets and $83.2 million in deposits as of June 30, 2026, with assets down 3.0% from a year before. Its loans were $76.4 million.
How many branches does First Farmers & Merchants State Bank of Grand Meadow have?
3 branches in Minnesota as of June 30, 2026.
Is First Farmers & Merchants State Bank of Grand Meadow profitable?
Yes: it earned $559,000 from January 1 to June 30, 2026 (up 75.8% from the same months a year before). Its return on assets was 1.15% a year; about 1% is typical.
Who owns First Farmers & Merchants State Bank of Grand Meadow?
First Farmers & Merchants State Bank of Grand Meadow 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.