Fm Bank is a bank based in Waseca, Minnesota, established in 1878, with $703 million in total assets across 6 branches. By Trust Grade it ranks 163rd of 224 banks we track in Minnesota. Its capital ratio of 8.0% trails most similarly sized banks (15th percentile), versus a Minnesota median of 9.5%. It was profitable over the most recent period, with a 1.43% return on assets. No consumer complaints against Fm Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Fm Bank compares to Minnesota peers
How we graded Fm Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.0% capital ratio)
- Strongly profitable (ROA 1.43%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Fm Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (6)
- 226 E Lincoln Ave, Fergus Falls, MN 56537
- 815 E Depue Ave, Olivia, MN 56277
- 921 Broadway, Wheaton, MN 56296
- 940 10th Ave, Clarkfield, MN 56223
- 702 Prentice St, Granite Falls, MN 56241
- 220 Elm Ave E, Waseca, MN 56093
Are deposits at Fm Bank insured?
Yes. Fm Bank is an FDIC-insured bank (FDIC certificate #10998). 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.
Fm Bank: frequently asked questions
Is Fm Bank a good bank?
Fm Bank earns a Bankzia Trust Grade of A (90/100, "Excellent"), based on a financial-strength score of 90/100 (it has no CFPB complaints on record). Well-capitalized (8.0% capital ratio); Strongly profitable (ROA 1.43%).
Is Fm Bank FDIC-insured?
Yes. Fm Bank is a FDIC-insured bank (FDIC certificate #10998). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Fm Bank?
Fm Bank holds $703 million in total assets, ranking 163rd of 224 banks we track in Minnesota. It operates 6 branches.
Does Fm Bank have CFPB complaints?
No CFPB complaints against Fm 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.
