First Farmers & Merchants National Bank

Headquarters

112 South Main Street
Le Sueur, MN 56058
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First Farmers & Merchants National Bank is an FDIC insured institution located in Le Sueur, MN. It was founded in 1933 and has approximately $0.11 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8855
Date Established 1933
Assets $ 111.56 million
Loans $ 75.84 million
Deposits $ 92.34 million
Capital $ 14.14 million
 

For a more detailed analysis of First Farmers & Merchants National Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - April 10, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Farmers & Merchants National Bank

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
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Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.775% 2.750% 0.38 $808 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Note to First Farmers & Merchants National Bank
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Branches

First Farmers & Merchants National Bank 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


First Farmers & Merchants National Bank Locations


Financial Details

First Farmers & Merchants National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Farmers & Merchants National Bank. 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
First Farmers & Merchants National Bank U.S. Bank Average
11.6% 5.49%

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 December 31, 2020, First Farmers & Merchants National Bank had $1,429,000 in non-current loans and $311,000 in owned real estate. To cover these potential losses it had $14,144,000 in equity and $861,000 in loans loss reserves. That gives it a Texas Ratio of 11.6%.

Return on Equity
First Farmers & Merchants National Bank U.S. Bank Average
1.22% 9.24%

First Farmers & Merchants National Bank has a Return on Equity of 1.22% versus the BestCashCow average of 9.24%. 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
First Farmers & Merchants National Bank U.S. Bank Average
12.68% 11.96%

First Farmers & Merchants National Bank has a Capitalization of 12.68% versus the BestCashCow average of 11.96. 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.

First Farmers & Merchants National Bank Balance Sheet Analysis

As of June 30, 2013, First Farmers & Merchants National Bank had assets of $111,560,000, loans of $75,838,000, and deposits of $92,341,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 75.84 million
Loan loss allowance $ 0.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.31 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 92.34 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 111.56 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Farmers & Merchants National Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, First Farmers & Merchants National Bank’s loan portfolio does not show any specific loan specialty.

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 23.14
Multifamily
Mortgages
0.38
Credit Card Loans 0.00
Consumer Auto Loans 0.94
Small Business Loans 16.78
Construction and Development Loans 3.27
Commercial Real Estate 19.27
Commercial and Industrial Loans 13.27
Farm Loans 13.49

Frequently Asked Questions About First Farmers & Merchants National Bank

Branches and Savings

Is First Farmers & Merchants National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8855.

Why does First Farmers & Merchants National Bank pay such low interest on savings accounts?

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

Why are First Farmers & Merchants National Bank CD rates not competitive?

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

Is First Farmers & Merchants National Bank a commercial bank?

Yes

Where are First Farmers & Merchants National Bank locations?

See branch locations nearby.

Is First Farmers & Merchants National Bank open on Saturdays?

Is First Farmers & Merchants National Bank open on Sundays?

What time does First Farmers & Merchants National Bank open?

What time does First Farmers & Merchants National Bank close?

Are First Farmers & Merchants National Bank ATMs Open 24/7?

Do First Farmers & Merchants National Bank ATMs accept cash deposits?

Can First Farmers & Merchants National Bank customers use other ATMs?

Do First Farmers & Merchants National Bank branches have notaries?

Will First Farmers & Merchants National Bank notarize my document?

What address for First Farmers & Merchants National Bank should I put for incoming ACH transfers?

Will the First Farmers & Merchants National Bank branch print checks?

Do First Farmers & Merchants National Bank checks expire?

Does First Farmers & Merchants National Bank require US citizenship to open account?

Can First Farmers & Merchants National Bank close my account?

Does First Farmers & Merchants National Bank Report to credit bureaus?

Does First Farmers & Merchants National Bank Use Equifax?

What is First Farmers & Merchants National Bank's ACH Routing Number?

What is First Farmers & Merchants National Bank's SWIFT code?

Products

Does First Farmers & Merchants National Bank offer mortgages?

Compare mortgage rates here.

Does First Farmers & Merchants National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Farmers & Merchants National Bank offer personal loans?

Compare personal loan rates here.

Does First Farmers & Merchants National Bank offer student loans?

Will First Farmers & Merchants National Bank cash a check?

Will First Farmers & Merchants National Bank redeem a savings bond?

Does First Farmers & Merchants National Bank cash savings bonds?

Will First Farmers & Merchants National Bank cash money orders?

Can First Farmers & Merchants National Bank issue a money order?

Does First Farmers & Merchants National Bank do currency exchange?

Background on The Bank

Who owns First Farmers & Merchants National Bank?

How long has First Farmers & Merchants National Bank been around?

Can First Farmers & Merchants National Bank transfer to other banks?

Does First Farmers & Merchants National Bank have quick pay?

Does First Farmers & Merchants National Bank accept rolled coins?

Will First Farmers & Merchants National Bank accept loose change?

Where is First Farmers & Merchants National Bank headquarters?

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