Putnam 1st Mercantile Bank
Cookeville, TN
IDRSSD: 3393851
Total Assets
$160.30M
Latest filing
Total Deposits
$143.18M
Latest filing
Net Interest Margin
4.03%
Profitability
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 11/14/2025Established 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 | 27 |
| 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 | 11/14/2025 |
| CERT | 58079 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $160.30M |
| Total Deposits | $143.18M |
| Total Liabilities | $144.70M |
| Total Equity Capital | $15.61M |
| Net Income | $655.00k |
| Net Loans and Leases | $125.25M |
| Assets Per Employee ($Millions) | $6.17M |
| Bank Premises and Fixed Assets | $2.01M |
| Cash and Balances due from Depository Institutions | $6.09M |
| Deposits Held in Domestic Offices | $143.18M |
Key Performance Ratios
| Return on Assets (ROA) | 1.67% |
| Return on Equity (ROE) | 17.27% |
| Net Interest Margin | 4.03% |
| Efficiency Ratio | 53.62% |
| Tier 1 Risk-Based Capital Ratio | 0% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.2% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 9.735% |
| Earning Assets to total Assets | 96.59% |
Income and Expense
| Total Interest Income | $2.48M |
| Total Noninterest Income | $158.00k |
| Total Interest Expense | $950.00k |
| Total Noninterest Expense | $903.00k |
| Net Interest Income | $1.53M |
| Pre-tax Net Operating Income | $701.00k |
| Provision for Credit Losses | $80.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $0 |
| Federal Funds Sold & Reverse Repurchase Agreement | $280.00k |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $1.52M |
| Total Liabilities and Capital | $160.30M |
Securities
| Securities | $25.23M |
| Available-for-sale debt securities | $25.23M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| 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?
$160.30M as of the latest filing.
How much are Putnam 1st Mercantile Bank's total deposits?
$143.18M in total deposits.
Where is Putnam 1st Mercantile Bank located?
Cookeville, TN.
What is the Net Interest Margin?
4.03%.
How many domestic offices does it operate?
3.
When was it established?
11/28/2005.
What is the Return on Assets (ROA)?
1.67%.
How much are total loans and leases?
$125.25M (latest filing).
What is the total interest income (latest filing)?
$2.48M.