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Putnam 1St Mercantile Bank
Cookeville, TN · FDIC Certificate #58079 · Chartered 11/2
Total assets
$178.91M
Total deposits
$159.82M
Total equity
$17.05M
Net loans
$146.66M
Branches (offices)
3
Net income (YTD)
$1.70M
Rank: #3,121 of 4,213 U.S. banks by assets · #95 of 109 in Tennessee. Assets changed 16.4% and deposits 16.3% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.93% |
| Return on equity | 20.44% |
| Net interest margin (YTD) | 4.18% |
| Equity to assets | 9.53% |
| Tier 1 leverage ratio | 11.72% |
| Uninsured deposits (share of deposits) | 24.7% |
| Noncurrent loans (share of loans) | 0.13% |
| Net charge-offs (share of loans) | 0.05% |
| Loans to deposits | 91.8% |
| Real estate loans (share of loans) | 90.0% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $131.97M | 90.0% | |
| Commercial & industrial | $13.61M | 9.3% | |
| Consumer / individual | $3.04M | 2.1% | |
| Construction & development | $26.18M | 17.9% | |
| Agricultural | $0 | 0.0% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $151.22M | $138.53M | $1.25M | $11.99M |
| Jun 2023 | $149.29M | $135.80M | $905.00K | $11.99M |
| Jun 2024 | $152.68M | $138.05M | $855.00K | $12.98M |
| Jun 2025 | $153.69M | $137.39M | $1.11M | $14.73M |
| Jun 2026 | $178.91M | $159.82M | $1.70M | $17.05M |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Tennessee | $159.82M | 3 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $159.82M.
Similar-sized banks
Eagle Bank ($179.51M) · North Alabama Bank ($178.61M)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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