First Farmers & Merchants State Bank of Grand Meadow

First Farmers & Merchants State Bank of Grand Meadow is an FDIC insured institution headquartered at 105 Main St N, Grand Meadow, MN 55936.
It was founded in 1938 and has approximately $0 billion in assets. Customers can open an account at one of its 3 branches.

Deposit Rates - August 24, 2026

SAVINGS RATES	APY	MIN
Savings	0.05%	$2,500	Compare

CD RATES	APY	MIN
6 Mo CD	0.25%	$10,000	Compare
6 Mo CD	0.25%	$100,000	Compare
12 Mo CD	0.30%	$10,000	Compare
12 Mo CD	0.30%	$100,000	Compare
18 Mo CD	0.30%	$10,000	Compare
18 Mo CD	0.30%	$100,000	Compare
24 Mo CD	0.30%	$10,000	Compare
24 Mo CD	0.30%	$100,000	Compare
30 Mo CD	0.30%	$10,000	Compare
30 Mo CD	0.30%	$100,000	Compare
36 Mo CD	0.50%	$10,000	Compare
36 Mo CD	0.50%	$100,000	Compare
48 Mo CD	0.70%	$10,000	Compare
48 Mo CD	0.70%	$100,000	Compare
60 Mo CD	0.80%	$10,000	Compare
60 Mo CD	0.80%	$100,000	Compare

MM RATES	APY	MIN
Money Market	0.05%	$2,500	Compare
Money Market	0.10%	$10,000	Compare
Money Market	0.15%	$25,000	Compare

INT CHECKING RATES	APY	MIN
Int Ckg	0.05%	$1
Int Ckg	0.05%	$2,500

Overview 2026

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 15621
Date Established	1938
Assets	$ 97.52 million
Loans	$ 69.70 million
Deposits	$ 88.05 million
Capital	$ 8.06 million

Summary Balance Sheet as of December 31, 2025

ASSETS
Cash & Balances due from depository institutions	$ 13.19 million
Interest-bearing balances	$ 10.95 million
Total securities	$ 12.13 million
Federal funds sold and reverse repurchase	$ 0.74 million
Net loans and leases	$ 69.70 million
Loan loss allowance	$ 0.98 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	$ 0.63 million
Total Assets	$ 89.46 million

LIABILITIES
Total deposits	$ 88.05 million
Interest-bearing deposits	$ 72.69 million
Deposits held in domestic offices	$ 88.05 million
% insured (estimated)"	72.54%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	$ 1.84 million
Subordinated debt	N.A.
All other liabilities	$ 0.10 millionn
Total Liabilities	$ 89.46 million
Shareholders’ Equity	$ 8.06 million

Summary Income Statement as of December 31, 2025

INCOME AND EXPENSES
Total Interest Income	$ 5.58 million
Total Interest Expense	$ 1.80 million
Net interest income	$ 3.78 million
Provision for loan and lease losses	$ 0.22 million
Total non interest income	$ 0.17 million
Total non interest expense	$ 2.48 million
Pre-tax Net Operating Income	$ 0.64 million

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