First Farmers & Merchants Bank
FDIC #10168
📍 Cannon Falls, Minnesota
First Farmers & Merchants Bank is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 06/21/1915. With assets of $456.87 Million, it operates 7 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: July 1, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
July 1, 2023
Satisfactory
July 1, 2020
Satisfactory
July 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$456.87 Million
Total Deposits$395.41 Million
Equity Capital$26.34 Million
Net Income$4.16 Million
📈 Performance
ROA1.21%
ROE21.15%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established06/21/1915
FDIC Cert10168
Holding Co215 Holding Co
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 6:00 PM
Saturday8:00 AM - 12:00 PM
SundayClosed
📜 Institutional History
2014
Relocation
Moved HQ to: 920 4th Street South, Cannon Falls, MN 55009.
2014
Name Change
Name became: Changed Institution Name To First Farmers & Merchants Bank.
2013
Merger / Acquisition
Acquired: First Farmers & Merchants National Bank
2013
Name Change
Name became: Changed Institution Name To White Rock Bank.
2003
Relocation
Moved HQ to: 31377 County 24 Boulevard, Cannon Falls, MN 55009.