SBA lender profile
First Farmers & Merchants Bank
First Farmers & Merchants Bank appears in the public SBA loan data with 5 funded 7(a) loans totaling $1.3M, an average of $266K per loan, and an estimated 96 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
5
Total volume
$1.3M
Average loan size
$266K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
96
Programs
7(a)
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.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 5 | $1.3M |
What First Farmers & Merchants Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 2 | $600K |
| Administrative and Support | 2 | $510K |
| Retail Trade | 1 | $220K |
First Farmers & Merchants Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 3 | $820K |
| 2022 | 1 | $250K |
| 2023 | 1 | $260K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Farmers & Merchants Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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