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BankSonar

Farmers & Merchants State Bank of New York Mills, Incorporated

New York Mills, MN · State, non-member commercial bank

48

Sonar Score

Caution

out of 100 · from public FDIC data

Reported March 31, 2026. The Sonar Score is an informational signal from public FDIC data — not a rating or financial advice.

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Key figures

Total assets
$82.2M
Total deposits
$74.8M
Branches
1
Return on assets
0.72%
Return on equity
8.35%
Charter type
State, non-member commercial bank
Established
1916
FDIC cert #
9340

How the 48 breaks down

Capital adequacyweight 40%

Capital ratio not reported.

Profitability (ROA)weight 30%

Modest but positive returns.

Return on equityweight 15%

Positive but moderate equity returns.

Scale & stabilityweight 15%

Community-scale institution.

Read the full Sonar Score methodology →

Your deposits at Farmers & Merchants State Bank of New York Mills, Incorporated

Farmers & Merchants State Bank of New York Mills, Incorporated is an FDIC-insured institution (Cert #9340). Deposits are insured up to $250,000 per depositor, per ownership category, by the full faith and credit of the US government. Learn how to maximize your coverage →

1 branch locations

11 Walker Ave N

New York Mills, MN 56567

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