First Farmers & Merchants National Bank


First Farmers & Merchants National Bank is an FDIC insured institution headquartered at 303 E Main St, Luverne, MN 56156.
It was founded in 1931 and has approximately $0 billion in assets. Customers can open an account at one of its 2 branches.

Deposit Rates - November 03, 2025

SAVINGS RATES APY MIN
Savings
0.01% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.05% $10,000 Compare
6 Mo CD
0.05% $100,000 Compare
12 Mo CD
0.10% $10,000 Compare
12 Mo CD
0.10% $100,000 Compare
18 Mo CD
0.10% $10,000 Compare
18 Mo CD
0.10% $100,000 Compare
24 Mo CD
0.25% $10,000 Compare
24 Mo CD
0.25% $100,000 Compare
30 Mo CD
0.25% $10,000 Compare
30 Mo CD
0.25% $100,000 Compare
36 Mo CD
0.30% $10,000 Compare
36 Mo CD
0.30% $100,000 Compare
48 Mo CD
0.35% $10,000 Compare
48 Mo CD
0.35% $100,000 Compare
60 Mo CD
0.45% $10,000 Compare
60 Mo CD
0.45% $100,000 Compare
MM RATES APY MIN
Money Market
0.03% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.08% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.01% $2,500

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5186
Date Established 1931
Assets $ 225.49 million
Loans $ 169.50 million
Deposits $ 197.29 million
Capital $ 23.10 million

Summary Balance Sheet as of June 30, 2025

ASSETS
Cash & Balances due from depository institutions $ 7.92 million
Interest-bearing balances $ 2.81 million
Total securities $ 44.29 million
Federal funds sold and reverse repurchase $ 0.11 million
Net loans and leases $ 169.50 million
Loan loss allowance $ 2.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.82 million
     Total Assets $ 202.38 million

LIABILITIES
Total deposits $ 197.29 million
      Interest-bearing deposits $ 165.06 million
      Deposits held in domestic offices $ 197.29 million
      % insured (estimated)" 74.75%
Federal funds purchased and repurchase agreements $ 2.75 million
Trading liabilities N.A.
Other borrowed funds $ 1.28 million
Subordinated debt N.A.
All other liabilities $ 0.32 millionn
      Total Liabilities $ 202.38 million
      Shareholders’ Equity $ 23.10 million

Summary Income Statement as of June 30, 2025

INCOME AND EXPENSES
Total Interest Income $ 5.86 million
Total Interest Expense $ 1.72 million
Net interest income $ 4.13 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.17 million
Total non interest expense $ 2.41 million
Pre-tax Net Operating Income $ 2.79 million

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First Farmers & Merchants National Bank Locations