SBA lender profile
First Farmers & Merchants Bank
First Farmers & Merchants Bank appears in the public SBA loan data with 37 funded 7(a) loans since FY2010, totaling $6.7M, an average of $180K per loan, and an estimated 340 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 78
- Scale 11
- Activity 16
- Consistency 54
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is First Farmers & Merchants Bank the right lender for you?
Lenders fund what they know. First Farmers & Merchants Bank's SBA lending concentrates in Minnesota (36 loans) and Manufacturing (5 loans), at an average loan of $180K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $473M
- Headquarters
- Cannon Falls, MN
- FDIC cert
- #10168
- Status
- Active
Where First Farmers & Merchants Bank lends
Top states by funded SBA volume.
Metro areas where First Farmers & Merchants Bank funds
What First Farmers & Merchants Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 5 | $2.2M |
| Administrative and Support | 7 | $933K |
| Retail Trade | 5 | $924K |
| Real Estate | 3 | $875K |
| Construction | 5 | $795K |
| Information | 1 | $262K |
First Farmers & Merchants Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 9 | $2.8M |
| 2011 | 5 | $485K |
| 2012 | 4 | $399K |
| 2013 | 3 | $166K |
| 2015 | 5 | $631K |
| 2016 | 3 | $695K |
| 2017 | 3 | $155K |
| 2021 | 3 | $820K |
| 2022 | 1 | $250K |
| 2023 | 1 | $260K |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
First Farmers & Merchants Bank: frequently asked questions
Does First Farmers & Merchants Bank offer SBA loans?
Yes. First Farmers & Merchants Bank appears in the public SBA data with 37 funded SBA 7(a) loans totaling $6.7M.
How many SBA loans has First Farmers & Merchants Bank made?
First Farmers & Merchants Bank is associated with 37 SBA 7(a) loans totaling $6.7M in the public SBA data (as of 2026-03-31).
What is First Farmers & Merchants Bank's SBA charge-off rate?
About 0.0% of First Farmers & Merchants Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does First Farmers & Merchants Bank do most of its SBA lending?
First Farmers & Merchants Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). First Farmers & Merchants Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-farmers-merchants-bank/
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