Applications / Mortgage Analytics / Lenders / Minnesota / First Farmers & Merchants National Bank
Fairmont, MN · National bank · OCC · $144 million assets · 30 loans in 2025
First Farmers & Merchants National Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
30
loans originated, 2025
33
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Farmers & Merchants National Bank, a small national bank in Fairmont, Minnesota, makes a few dozen mortgages a year, mostly small refinances, in two Minnesota counties.
The bank reported 37 loans in 2018 and 54 in 2019, then filed no report from 2020 to 2023. Since 2020 a bank making fewer than 100 closed-end loans a year need not report, so those years are gaps in the record, not years without lending. It reported 19 loans in 2024 and 30 in 2025.
Refinances made up 70.0% of its 2025 loans and purchases 26.7%. Every loan was conventional, as at similar lenders, meaning national banks making between half and twice as many loans. Its typical loan was $80,000, smaller than at nearly all of them, where the typical loan was $180,000.
Its lending reaches two counties in one state. In Minneapolis-St. Paul, the only metro where it lends, it ranked 417th of 688 lenders in a market led by Bell Bank. With 30 loans, its shares of lending to low- and moderate-income borrowers and neighborhoods are too small a base to read much into, and they point in opposite directions.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First Farmers & Merchants National Bank took 33 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 70.0% · Purchase 26.7% · Home improvement 3.3%
Conventional 100.0% · of 30 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Minnesota | 8 | 26.7% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Minneapolis-St. Paul-Bloomington | 8 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300MIVSVBBGZIFR79 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 1470150 | 2004–2019 |
| Respondent ID (the HMDA filer code before 2018) | 122351 | 2004–2017 |
Established 7 September 1990. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: First Farmers & Merchants National Bank's data.
First Farmers & Merchants National Bank's data
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First Farmers & Merchants National Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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