First Farmers & Merchants State Bank is a bank based in Brownsdale, Minnesota, established in 1908, with $97 million in total assets across 2 branches. By Trust Grade it ranks 93rd of 224 banks we track in Minnesota. Its capital ratio of 9.6% trails most similarly sized banks (26th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.93% return on assets. No consumer complaints against First Farmers & Merchants State Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Farmers & Merchants State Bank compares to Minnesota peers
How we graded First Farmers & Merchants State Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (9.6% capital ratio)
- Profitable (ROA 0.93%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Farmers & Merchants State Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (2)
- 106 W Main St, Brownsdale, MN 55918
- 128 N Main St, Austin, MN 55912
Are deposits at First Farmers & Merchants State Bank insured?
Yes. First Farmers & Merchants State Bank is an FDIC-insured bank (FDIC certificate #1600). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Farmers & Merchants State Bank: frequently asked questions
Is First Farmers & Merchants State Bank a good bank?
First Farmers & Merchants State Bank earns a Bankzia Trust Grade of A (96/100, "Excellent"), based on a financial-strength score of 96/100 (it has no CFPB complaints on record). Strongly capitalized (9.6% capital ratio); Profitable (ROA 0.93%).
Is First Farmers & Merchants State Bank FDIC-insured?
Yes. First Farmers & Merchants State Bank is a FDIC-insured bank (FDIC certificate #1600). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Farmers & Merchants State Bank?
First Farmers & Merchants State Bank holds $97 million in total assets, ranking 93rd of 224 banks we track in Minnesota. It operates 2 branches.
Does First Farmers & Merchants State Bank have CFPB complaints?
No CFPB complaints against First Farmers & Merchants State Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
