Putnam 1st Mercantile Bank
Cookeville, TN
IDRSSD: 3393851
Total Assets
$170.99M
Latest filing
Total Deposits
$152.69M
Latest filing
Net Interest Margin
4.16%
Profitability
Key People
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Locations
Main office and branches. Select to view on the map.
Main Office
Putnam 1st Mercantile Bank
200 W Jackson St
Cookeville, TN 38501
Full Service - Brick and Mortar
Updated 01/30/2026Established 11/28/2005FDIC Certificate 439302
Branches (2)
Page 1 of 1| Name | Address | City / State |
|---|---|---|
| Putnam 1st Mercantile Bank (Main) | 200 W Jackson St | Cookeville, TN |
| TENTH STREET BRANCH | 860 E 10th St | Cookeville, TN |
| BAXTER BRANCH | 322 Main St | Baxter, TN |
Showing 2 of 2
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | Commercial bank, state charter, Fed non-member, and supervised by the FDIC |
| Primary Regulator | FDIC |
| Established Date | 11/28/2005 |
| Community Bank | Yes |
| Ownership Type | Not Mutual |
| ZIP | 38501 |
| State and County Number | 47141 |
| Subchapter S Corporations | Yes |
| Trust Powers | N/A |
| Federal Reserve ID Number | 06 |
| Numeric code | 21 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | Dallas |
| Core Based Statistical Area Name | Cookeville, TN |
Operational Info
| Number of Employees | 26 |
| Domestic Offices | 3 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 08/31/2022 |
| Date of Deposit Insurance | 11/28/2005 |
| Primary Insurance Agency | DIF |
| Website | www.1stmerc.net |
| Data Updated | 01/30/2026 |
| CERT | 58079 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $170.99M |
| Total Deposits | $152.69M |
| Total Liabilities | $154.70M |
| Total Equity Capital | $16.28M |
| Net Income | $743.00k |
| Net Loans and Leases | $139.91M |
| Assets Per Employee ($Millions) | $6.58M |
| Bank Premises and Fixed Assets | $1.98M |
| Cash and Balances due from Depository Institutions | $2.02M |
| Deposits Held in Domestic Offices | $152.69M |
Key Performance Ratios
| Return on Assets (ROA) | 1.79% |
| Return on Equity (ROE) | 18.64% |
| Net Interest Margin | 4.16% |
| Efficiency Ratio | 51.21% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.22% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.524% |
| Earning Assets to total Assets | 96.78% |
Income and Expense
| Total Interest Income | $2.67M |
| Total Noninterest Income | $146.00k |
| Total Interest Expense | $1.00M |
| Total Noninterest Expense | $928.00k |
| Net Interest Income | $1.67M |
| Pre-tax Net Operating Income | $794.00k |
| Provision for Credit Losses | $90.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | — |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $281.00k |
| Federal Funds Purchased and Repurchased Agreement | $325.00k |
| All Other Liabilities | $1.69M |
| Total Liabilities and Capital | $170.99M |
Securities
| Securities | $25.29M |
| Available-for-sale debt securities | $25.29M |
| Equity securities with readily determinable fair values not held for trading | — |
| Held-to-maturity securities | $0 |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of Putnam 1st Mercantile Bank?
$170.99M as of the latest filing.
How much are Putnam 1st Mercantile Bank's total deposits?
$152.69M in total deposits.
Where is Putnam 1st Mercantile Bank located?
Cookeville, TN.
What is the Net Interest Margin?
4.16%.
How many domestic offices does it operate?
3.
When was it established?
11/28/2005.
What is the Return on Assets (ROA)?
1.79%.
How much are total loans and leases?
$139.91M (latest filing).
What is the total interest income (latest filing)?
$2.67M.