First Farmers & Merchants Bank

OverviewSuggest Edit

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking products and services in Tennessee. The company's deposit products include checking accounts, regular savings deposits, negotiable order of withdrawal accounts, money market accounts, and market rate certificates of deposit. Its loan portfolio comprises commercial, commercial and residential real estate, and retail installment loans.

The mission of the company is to become a leader in providing distinctive services and products that meet the financial needs and goals of customers in each of its communities.

TypePublic
Founded1909
HQColumbia, US
Websitemyfirstfarmers.com

Latest Updates

Employees (est.) (Apr 2017)323
Revenue (FY, 2015)$50.1 M(+103300%)

Key People/Management at First Farmers & Merchants Bank

T. Randy Stevens

T. Randy Stevens

Chairman of the Board and Chief Executive Officer
Timothy E. Pettus

Timothy E. Pettus

Vice Chairman
Brian K. Williams

Brian K. Williams

President
Robert E. Krimmel

Robert E. Krimmel

Chief Financial Officer and Treasurer
Jeffrey L. Aiken

Jeffrey L. Aiken

President, Tennessee Farm Bureau Federation
Jonathan M. Edwards

Jonathan M. Edwards

President and CEO, Edwards Oil Company
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First Farmers & Merchants Bank Office Locations

First Farmers & Merchants Bank has an office in Columbia
Columbia, US (HQ)
816 S Garden St
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First Farmers & Merchants Bank Financials and Metrics

First Farmers & Merchants Bank Revenue

First Farmers & Merchants Bank's revenue was reported to be $50.13 m in FY, 2015
USD

Revenue (FY, 2015)

50.1m

Gross profit (FY, 2015)

47.9m

Gross profit margin (FY, 2015), %

95.6%

EBIT (FY, 2015)

36.5m

Cash (31-Dec-2015)

62.2m
USDFY, 2013FY, 2015

Revenue

48.5k50.1m

Cost of goods sold

2.9k2.2m

Gross profit

45.6k47.9m

Gross profit Margin, %

94%96%
USDFY, 2013FY, 2014FY, 2015

Cash

55.4k30.3m62.2m

Goodwill

9.0k9.0m9.0m

Total Assets

1.1m1.2b1.3b

Retained Earnings

61.4k67.6m71.6m
USDFY, 2014

Cash From Operating Activities

12.2m

Cash From Investing Activities

(97.8m)

Cash From Financing Activities

60.6m

Income Taxes Paid

3.1m
USDY, 2015

Financial Leverage

10.7 x
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First Farmers & Merchants Bank Blogs

First Farmers Adds Banking Leader Bill Nigh as Regional President and Head of Commercial Banking

COLUMBIA, Tenn. (April 22, 2019)—First Farmers and Merchants Bank––a community bank serving Middle Tennessee with 22 banking locations in seven counties––has named veteran banker Bill Nigh as its regional president...

FIRST FARMERS AND MERCHANTS CORPORATION REPORTS RECORD FIRST QUARTER NET INCOME OF $5.3 MILLION OR $1.20 PER COMMON SHARE

COLUMBIA, Tenn. (April 22, 2019) – First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the...

FIRST FARMERS AND MERCHANTS CORPORATION’S SHAREHOLDERS ELECT RICHARD C. PERKO TO THE BOARD OF DIRECTORS

COLUMBIA, Tenn. (April 16, 2019) – First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that shareholders voting at the...

First Farmers Adds Business Banker for Williamson County

COLUMBIA, Tenn. (April 5, 2019)—First Farmers and Merchants Bank––a community bank serving Middle Tennessee with 22 banking locations in seven counties––recently added Clay Barnes as a business banking relationship manager....

First Farmers Awards Innovation Award

  COLUMBIA, Tenn.—First Farmers recently presented the 2018 Innovation Award to Jill Giles in recognition of her work to implement an efficient accounts payable solution for the bank. In honor...

First Farmers & Merchants Bank Opens Second Davidson County Location

21st Avenue office opens today with veteran banking team NASHVILLE, Tenn. (Jan. 28, 2019)––First Farmers & Merchants Bank took a big step forward on Jan. 23 with the opening of its...
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First Farmers & Merchants Bank Frequently Asked Questions

  • When was First Farmers & Merchants Bank founded?

    First Farmers & Merchants Bank was founded in 1909.

  • Who are First Farmers & Merchants Bank key executives?

    First Farmers & Merchants Bank's key executives are T. Randy Stevens, Timothy E. Pettus and Brian K. Williams.

  • How many employees does First Farmers & Merchants Bank have?

    First Farmers & Merchants Bank has 323 employees.

  • What is First Farmers & Merchants Bank revenue?

    Latest First Farmers & Merchants Bank annual revenue is $50.1 m.

  • What is First Farmers & Merchants Bank revenue per employee?

    Latest First Farmers & Merchants Bank revenue per employee is $155.2 k.

  • Who are First Farmers & Merchants Bank competitors?

    Competitors of First Farmers & Merchants Bank include Axos Financial, MidSouth Bank and Great Southern Bancorp.

  • Where is First Farmers & Merchants Bank headquarters?

    First Farmers & Merchants Bank headquarters is located at 816 S Garden St, Columbia.

  • Where are First Farmers & Merchants Bank offices?

    First Farmers & Merchants Bank has an office in Columbia.

  • How many offices does First Farmers & Merchants Bank have?

    First Farmers & Merchants Bank has 1 office.