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F&M State Bank of New York Mills, Inc.

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F&M State Bank of New York Mills, Inc. Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, F&M State Bank of New York Mills, Inc. provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 17, 2026

You can compare F&M State Bank of New York Mills, Inc. rates to other rates in our database, including 12-month CD rates currently at 0.20%, 6-month CD rates at 3.65% and 3-month CD rates at 3.30%. Savings rates are at 0.03% and money market rates are at 3.85%. Mortgage rates on 30-year fixed loans are around 5.93%. All these rates can be compared to F&M State Bank of New York Mills, Inc. rates. MonitorBankRates evaluates the financial stability of F&M State Bank of New York Mills, Inc. with a 5.0 Star Rating, an A- Overall Health Grade, and a Texas Ratio of 16.20%. Rates were last updated on 04/17/2026.

F&M State Bank of New York Mills, Inc. money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at F&M State Bank of New York Mills, Inc.? Share your experience about F&M State Bank of New York Mills, Inc. by leaving a review below, or read customer reviews before you decide to use F&M State Bank of New York Mills, Inc..

Overall Health & Safety Grade

A-

Very Good Health Score: 92/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

16.20%

Good Higher than avg

F&M State Bank of New York Mills, Inc.

11 Walker Ave N
New York Mills, MN 56567

https://www.fmbanknym.com

Current Rate Availability

We do not have F&M State Bank of New York Mills, Inc. rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for F&M State Bank of New York Mills, Inc. is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather F&M State Bank of New York Mills, Inc. rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with F&M State Bank of New York Mills, Inc.'s official website for the most current offers and terms.

Bank Profile & Overview

Institution Name F&M State Bank of New York Mills, Inc.

Bank Holding Company NEW YORK MILLS BANCSHARES INC

Address 11 Walker Ave N, New York Mills, MN 56567 · Otter Tail

Website https://www.fmbanknym.com

FDIC Certificate # 9340

Established 12/16/1916

FDIC Insurance Date 01/01/1934

Domestic Offices 1

Total Branches 1

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A-

Overall Health Grade Score: 92/100

5.0

Exceptional Out of 5.0 Stars

16.20%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.8000%

Return on Equity (ROE) 15.6000%

Non-Performing Loans (NPL) 0.61%

Total Assets $78,514,000

Total Deposits $70,596,000

Equity Capital $7,105,000

Net Income $322,000

Headquarters New York Mills

Total Offices 1

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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Frequently Asked Questions About F&M State Bank of New York Mills, Inc.

Is F&M State Bank of New York Mills, Inc. a safe place to deposit money?

Yes, F&M State Bank of New York Mills, Inc. is considered a safe financial institution. With a Texas Ratio of 16.19623655914%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does F&M State Bank of New York Mills, Inc. operate?

F&M State Bank of New York Mills, Inc. currently maintains approximately 1 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, F&M State Bank of New York Mills, Inc. does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, F&M State Bank of New York Mills, Inc. provides members with tools to manage their accounts and build a solid financial history.

Does F&M State Bank of New York Mills, Inc. offer online and mobile banking?

Most modern institutions like F&M State Bank of New York Mills, Inc. provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.fmbanknym.com.