Putnam 1st Mercantile Bank in Cookeville, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

Putnam 1st Mercantile Bank - Overview

  • General
  • FDIC Certificate #: 58079
    Status: Active
    Federal Reserve ID: 3393851
    Date Established: November 28, 2005
    WWW: http://www.1stmerc.net
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 439302
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 28, 2005
    Last Structure Change Effective Date: March 01, 2011
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 West Jackson Street, Cookeville, TN 38501
    County: Putnam
    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
    Core Based Statistical Area (CBSA): Cookeville, TN (#18260)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $88.6 mil
    Equity capital: $10.2 mil
    Deposits held in domestic offices: $78.0 mil
    Return on assets (ROA): 0.13% ($0.1 mil)
    Quarterly return on assets: -0.47% (-$0.4 mil)
    Return on Equity (ROE): 1.13% ($0.1 mil)
    Quarterly return on equity: -4.07% (-$0.4 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.13% ($115.2 mil)
    Quarterly Pretax return on assets: -0.47% (-$416.5 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
  • 19Total employees (full-time equivalent)
  • $88,614Total assets
  • $1,244Cash and due from depository institutions
  • $0Interest-bearing balances
  • $18,362Securities
  • $2,125Federal funds sold & reverse repurchase agreements
  • $59,826Net loans & leases
  • $953Loan loss allowance
  • $0Trading account assets
  • $2,752Bank premises and fixed assets
  • $3,441Other real estate owned
  • $0Goodwill and other intangibles
  • $88,614Life insurance assets
  • $864All other assets
  • $78,368Total liabilities and capital
  • $77,961Total liabilities
  • $71,960Total deposits
  • $77,961Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $407Subordinated debt
  • $10,246All other liabilities
  • $10,246Total equity capital
  • $10,246Total bank equity capital
  • $0Perpetual preferred stock
  • $1,275Common stock
  • $12,500Surplus
  • $-3,529Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $463Income earned, not collected on loans
  • $0Earning assets
  • $343Long-term assets (5+ years)
  • $80,313Average Assets, year-to-date
  • $19,471Average Assets, quarterly
  • $88,985Volatile liabilities
  • $90,029Insider loans
  • $65,722FHLB advances
  • $90,747Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,089Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,516Restructured Loans and leases
  • $2,190Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,518Total interest income
  • $1,367Total interest expense
  • $3,151Net interest income
  • $366Provision for loan and lease losses
  • $310Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • $143Additional noninterest income
  • $3,003Total noninterest expense
  • $1,211Salaries and employee benefits
  • $334Premises and equipment expense
  • $1,458Additional noninterest expense
  • $92Pre-tax net operating income
  • $20Securities gains (losses)
  • $0Applicable income taxes
  • $112Income before extraordinary items
  • $0Extraordinary gains - net
  • $112Net income attributable to bank
  • $0Net charge-offs
  • $112Cash dividends
  • $260Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 3.75%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.13%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 1.13%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 140.77%Credit loss provision to net charge-offs
  • 1.76%Efficiency ratio
  • 86,767Assets per employee
  • 4.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 205.83%Noncurrent assets plus other real estate owned to assets
  • 4.41%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 76.74%Net loans and leases to core deposits
  • 87.56%Equity capital to assets
  • 11.56%Core capital (leverage) ratio
  • 11.12%Tier 1 risk-based capital ratio
  • 15.35%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $88,985Average earning assets
  • $9,912Average equity
  • $80,153Average loans

List of branches

  • 2 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0439302Putnam 1st Mercantile Bank200 West Jackson Street, Cookeville, TN 38501November 28, 2005Full Service Brick and Mortar
    1473705Tenth Street Branch860 East 10th Street, Cookeville, TN 38501March 26, 2008Limited Service Facility

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