Farmers & Merchants State Bank Of New York Mills, Incorporated
Farmers & Merchants State Bank Of New York Mills, Incorporated is a bank based in New York Mills, Minnesota, established in 1916, with $82 million in total assets across 1 branch. By Trust Grade it ranks 178th of 224 banks we track in Minnesota. Its capital ratio of 8.1% trails most similarly sized banks (12th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 0.72% return on assets. No consumer complaints against Farmers & Merchants State Bank Of New York Mills, Incorporated appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Farmers & Merchants State Bank Of New York Mills, Incorporated compares to Minnesota peers
How we graded Farmers & Merchants State Bank Of New York Mills, Incorporated
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.1% capital ratio)
- Profitable (ROA 0.72%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Farmers & Merchants State Bank Of New York Mills, Incorporated over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 11 Walker Ave N, New York Mills, MN 56567
Are deposits at Farmers & Merchants State Bank Of New York Mills, Incorporated insured?
Yes. Farmers & Merchants State Bank Of New York Mills, Incorporated is an FDIC-insured bank (FDIC certificate #9340). 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.
Farmers & Merchants State Bank Of New York Mills, Incorporated: frequently asked questions
Is Farmers & Merchants State Bank Of New York Mills, Incorporated a good bank?
Farmers & Merchants State Bank Of New York Mills, Incorporated earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Well-capitalized (8.1% capital ratio); Profitable (ROA 0.72%).
Is Farmers & Merchants State Bank Of New York Mills, Incorporated FDIC-insured?
Yes. Farmers & Merchants State Bank Of New York Mills, Incorporated is a FDIC-insured bank (FDIC certificate #9340). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Farmers & Merchants State Bank Of New York Mills, Incorporated?
Farmers & Merchants State Bank Of New York Mills, Incorporated holds $82 million in total assets, ranking 178th of 224 banks we track in Minnesota. It operates 1 branch.
Does Farmers & Merchants State Bank Of New York Mills, Incorporated have CFPB complaints?
No CFPB complaints against Farmers & Merchants State Bank Of New York Mills, Incorporated appear in our data over the analysis window, which is typical for a bank of this size.
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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.
