First Farmers and Merchants Bank in Columbia, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Farmers and Merchants Bank in Columbia, Tennessee (TN)
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First Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 1487
    Status: Active
    Federal Reserve ID: 150035
    Bank Holding Company (Regulatory Top Holder): First Farmers And Merchants Corporation (RSSDID: 1083783, Location: Columbia, TN)
    Date Established: January 01, 1909
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 20 (Domestic: 20, Interstate: No)
    OTS Docket #: 11469
    FDIC's unique #: 982
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization > 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 816 South Garden Street, Columbia, TN 38402
    County: Maury
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Columbia, TN (#17940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,013.4 mil
    Equity capital: $108.3 mil
    Deposits held in domestic offices: $856.9 mil
    Return on assets (ROA): 0.85% ($8.6 mil)
    Quarterly return on assets: 0.95% ($9.6 mil)
    Return on Equity (ROE): 7.83% ($8.5 mil)
    Quarterly return on equity: 8.72% ($9.4 mil)
    Net income: $8.3 mil
    Quarterly Net income: $2.4 mil
    Pretax return on assets: 1.01% ($10,235.6 mil)
    Quarterly Pretax return on assets: 1.06% ($10,742.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 260Total employees (full-time equivalent)
  • $1,013,428Total assets
  • $56,520Cash and due from depository institutions
  • $38,594Interest-bearing balances
  • $349,484Securities
  • $16,500Federal funds sold & reverse repurchase agreements
  • $511,107Net loans & leases
  • $9,200Loan loss allowance
  • $0Trading account assets
  • $25,537Bank premises and fixed assets
  • $8,827Other real estate owned
  • $9,018Goodwill and other intangibles
  • $1,013,428Life insurance assets
  • $36,435All other assets
  • $905,027Total liabilities and capital
  • $856,878Total liabilities
  • $770,646Total deposits
  • $856,878Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 16347.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,100Trading liabilities
  • $0Other borrowed funds
  • $14,702Subordinated debt
  • $108,401All other liabilities
  • $108,306Total equity capital
  • $108,306Total bank equity capital
  • $0Perpetual preferred stock
  • $1,750Common stock
  • $27,270Surplus
  • $79,286Undivided profits
  • Memoranda
  • $95Noncurrent loans and leases
  • $2,505Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,469Income earned, not collected on loans
  • $234Earning assets
  • $4,095Long-term assets (5+ years)
  • $915,685Average Assets, year-to-date
  • $388,055Average Assets, quarterly
  • $970,989Volatile liabilities
  • $999,207Insider loans
  • $633,373FHLB advances
  • $989,355Loans and leases held for sale
  • $19,671Unused loan commitments
  • $12,132Tier 1 (core) risk-based capital
  • $96,266Tier 2 risk-based capital
  • $4,576Total risk weighted assets
  • $2,963Total unused commitments
  • $110,605Restructured Loans and leases
  • $1,304Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,448Total interest income
  • $4,942Total interest expense
  • $33,506Net interest income
  • $3,125Provision for loan and lease losses
  • $8,888Total noninterest income
  • $1,999Fiduciary activities
  • $3,678Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,211Additional noninterest income
  • $30,895Total noninterest expense
  • $16,173Salaries and employee benefits
  • $3,711Premises and equipment expense
  • $11,011Additional noninterest expense
  • $8,374Pre-tax net operating income
  • $1,458Securities gains (losses)
  • $1,535Applicable income taxes
  • $8,297Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,281Net income attributable to bank
  • $16Net charge-offs
  • $8,297Cash dividends
  • $3,346Sale, conversion, retirement of capital stock, net
  • $6,975Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.39%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.83%Return on equity (ROE)
  • 1.23%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 93.40%Credit loss provision to net charge-offs
  • 3.44%Efficiency ratio
  • 72,831Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.23%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 80.22%Noncurrent assets plus other real estate owned to assets
  • 2.00%Noncurrent loans to loans
  • 2.20%Net loans and leases to deposits
  • 59.65%Net loans and leases to core deposits
  • 62.38%Equity capital to assets
  • 10.69%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 15.20%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $970,989Average earning assets
  • $105,786Average equity
  • $875,942Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $642,890Managed Assets
  • 1Number of Accounts
  • $617,402Personal trust and agency accounts
  • $76,938Employee benefit-defined contribution accounts
  • $86,810Employee benefit-defined benefit accounts
  • $296,279Other retirement accounts
  • $49,022Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $64,370Other fiduciary accounts
  • $43,983Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 680Number of Accounts
  • $0Personal trust and agency accounts
  • $49,022Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $25,488Other retirement accounts
  • $4,606Corporate trust and agency accounts
  • $9,945Other fiduciary accounts
  • $5,322Fiduciary accounts held in foreign offices

List of branches

  • 20 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0982First Farmers And Merchants Bank816 South Garden Street, Columbia, TN 38402January 01, 1909Full Service Brick and Mortar
    1189598High Street Branch515 North High Street, Columbia, TN 38401May 27, 1958Full Service Brick and Mortar
    2189599Hatcher Lane Branch1618 Hatcher Lane, Columbia, TN 38401April 02, 1964Full Service Brick and Mortar
    3189600Mount Pleasant Branch128 North Main Street, Mount Pleasant, TN 38474January 28, 1950Full Service Brick and Mortar
    4189601Spring Hill BranchKedron Parkway And Highway 31 South, Spring Hill, TN 37174January 01, 1909Full Service Brick and Mortar
    5189602Northside Bankcenter901 Nashville Highway, Columbia, TN 38401May 05, 1966Full Service Brick and Mortar
    74119Loretto BranchU.S. Highway 43, Loretto, TN 38469January 01, 1910Full Service Brick and Mortar
    9208728Lawrenceburg Branch1501 North Locust Avenue, Lawrenceburg, TN 38464January 14, 1980Full Service Brick and Mortar
    10189604Campbell Plaza BranchJames M. Campbell Boulevard, Columbia, TN 38401December 07, 1986Full Service Retail
    11189605Saturn/Northfield BranchSaturn Complex, U.S. 31 South, Spring Hill, TN 37174October 06, 1989Limited Service Retail
    13205687Chapel Hill Branch214 Horton Highway North, Chapel Hill, TN 37034May 02, 1988Full Service Brick and Mortar
    141127Centerville Branch116 Church Street, Centerville, TN 37033January 01, 1925Full Service Brick and Mortar
    18189607Crockett Branch116 West Gaines Street, Lawrenceburg, TN 38464January 06, 1997Full Service Brick and Mortar
    196614White Bluff BranchHighway 47 (Charles Walton Speight Highway), White Bluff, TN 37187January 01, 1904Full Service Brick and Mortar
    20189608East Hickman Office9512 Highway 46, Bon Aqua, TN 37025December 06, 1999Full Service Brick and Mortar
    21970Peoples And Union Bank Branch260 North Ellington Parkway, Lewisburg, TN 37091April 04, 1889Full Service Brick and Mortar
    2448161Pulaski Branch302 South Second Street, Pulaski, TN 38478November 15, 1993Full Service Brick and Mortar
    27466340Dickson County Office Branch106 Hwy 70 East, Suite3, Dickson, TN 37055January 09, 2007Limited Service Loan Production
    29493086Cool Springs Office Branch300 Billingsley Court, Franklin, TN 37067January 20, 2009Full Service Brick and Mortar
    30520039Port Royal4871 Port Royal Road, Spring Hill, TN 37174May 11, 2011Full Service Brick and Mortar

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