F & M Bank Minnesota

Headquarters

815 East Depue
Olivia, MN 56277
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

F & M Bank Minnesota is an FDIC insured institution located in Olivia, MN. It was founded in 1919 and has approximately $0.13 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 10184
Date Established 1919
Assets $ 126.03 million
Loans $ 83.41 million
Deposits $ 97.38 million
Capital $ 12.83 million
 

For a more detailed analysis of F & M Bank Minnesota's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for F & M Bank Minnesota

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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License#: 13256
2.815% 2.750% 0.88 $2,128 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to F & M Bank Minnesota
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Branches

F & M Bank Minnesota branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


F & M Bank Minnesota Locations


Financial Details

F & M Bank Minnesota Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of F & M Bank Minnesota. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
F & M Bank Minnesota U.S. Bank Average
1.67% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, F & M Bank Minnesota had $0 in non-current loans and $234,000 in owned real estate. To cover these potential losses it had $12,826,000 in equity and $1,154,000 in loans loss reserves. That gives it a Texas Ratio of 1.67%.

Return on Equity
F & M Bank Minnesota U.S. Bank Average
5.67% 7.80%

F & M Bank Minnesota has a Return on Equity of 5.67% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
F & M Bank Minnesota U.S. Bank Average
10.18% 12.68%

F & M Bank Minnesota has a Capitalization of 10.18% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

F & M Bank Minnesota Balance Sheet Analysis

As of March 31, 2020, F & M Bank Minnesota had assets of $126,028,000, loans of $83,414,000, and deposits of $97,375,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 3.45 million
Interest-bearing balances $ 0.55 million
Total securities $ 34.54 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 83.41 million
Loan loss allowance $ 1.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles $ 0.32 million
All other assets $ 2.55 million
     Total Assets $ 113.20 million
LIABILITIES
Total deposits $ 97.38 million
      Interest-bearing deposits $ 70.21 million
      Deposits held in domestic offices $ 97.38 million
      % insured (estimated) 81.58%
Federal funds purchased and repurchase agreements $ 2.00 million
Trading liabilities N.A.
Other borrowed funds $ 13.40 million
Subordinated debt N.A.
All other liabilities $ 0.43 million
      Total Liabilities $ 113.20 million
      Shareholders’ Equity $ 12.83 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.31 million
Total Interest Expense $ 0.14 million
Net interest income $ 1.17 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 0.05 million
Total non interest expense $ 0.92 million
Pre-tax Net Operating Income $ 0.18 million

Bank Loan Profile?

The top three loan types in F & M Bank Minnesota’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, F & M Bank Minnesota has a significantly higher percent of Farm Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.02
Multifamily
Mortgages
0.15
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 0.00
Construction and Development Loans 0.09
Commercial Real Estate 7.66
Commercial and Industrial Loans 5.71
Farm Loans 51.37

Frequently Asked Questions About F & M Bank Minnesota

Branches and Savings

Is F & M Bank Minnesota FDIC insured?

Yes. It is covered under FDIC Certificate #10184.

Why does F & M Bank Minnesota pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are F & M Bank Minnesota CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is F & M Bank Minnesota a commercial bank?

Yes

Where are F & M Bank Minnesota locations?

See branch locations nearby.

Is F & M Bank Minnesota open on Saturdays?

Is F & M Bank Minnesota open on Sundays?

What time does F & M Bank Minnesota open?

What time does F & M Bank Minnesota close?

Are F & M Bank Minnesota ATMs Open 24/7?

Do F & M Bank Minnesota ATMs accept cash deposits?

Can F & M Bank Minnesota customers use other ATMs?

Do F & M Bank Minnesota branches have notaries?

Will F & M Bank Minnesota notarize my document?

What address for F & M Bank Minnesota should I put for incoming ACH transfers?

Will the F & M Bank Minnesota branch print checks?

Do F & M Bank Minnesota checks expire?

Does F & M Bank Minnesota require US citizenship to open account?

Can F & M Bank Minnesota close my account?

Does F & M Bank Minnesota Report to credit bureaus?

Does F & M Bank Minnesota Use Equifax?

What is F & M Bank Minnesota's ACH Routing Number?

What is F & M Bank Minnesota's SWIFT code?

Products

Does F & M Bank Minnesota offer mortgages?

Compare mortgage rates here.

Does F & M Bank Minnesota offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does F & M Bank Minnesota offer personal loans?

Compare personal loan rates here.

Does F & M Bank Minnesota offer student loans?

Will F & M Bank Minnesota cash a check?

Will F & M Bank Minnesota redeem a savings bond?

Does F & M Bank Minnesota cash savings bonds?

Will F & M Bank Minnesota cash money orders?

Can F & M Bank Minnesota issue a money order?

Does F & M Bank Minnesota do currency exchange?

Background on The Bank

Who owns F & M Bank Minnesota?

How long has F & M Bank Minnesota been around?

Can F & M Bank Minnesota transfer to other banks?

Does F & M Bank Minnesota have quick pay?

Does F & M Bank Minnesota accept rolled coins?

Will F & M Bank Minnesota accept loose change?

Where is F & M Bank Minnesota headquarters?

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