5 star ratingAverage User Rating:
5 star rating based on 1 review.

FirstBank

FirstBank Locations
30 South Main Street
Lexington, TN 38351
(731) 968-4211
www.firstbankonline.com

FDIC

FirstBank is headquartered in Lexington and is the 3rd largest bank in the state of Tennessee. It is also the 327th largest bank in the nation. It was established in 1906 and as of December of 2012, it had grown to 643 employees at 56 locations. FirstBank has a 4-star health rating.

Related Posts

Reward Checking Rate Decrease in First Bank (TN) (Forum) - 2/24/2011

Just got the news that the top tier rate will drop to 3% (from 3.30%) effective March 1, 2011.  No change to the cap.  Their website is not updated yet.

$50 Checking Account Bonus with No Direct Deposit at FirstBank - CO, AZ & CA Only - 6/5/2009

FirstBank is having a checking account promotion with a $50 bonus for opening a checking account. According to the instructions, the $50 award will be given at account opening. The $50 bonus isn't that much, but unlike bonuses from other banks, this is...

3.50% 24-Month CD at FirstBank - Nationally Available - 1/28/2009

FirstBank is offering some competitive long-term CD rates. These include a 3.50% APY for 24 months, 3.75% APY for 42 months and 4.00% APY for 60 months. Minimum deposit is $10,000. These rates are listed at the bank's Premier Time Account Page as of...

$50 Checking Account Bonus at FirstBank - 7/16/2008

FirstBank is having a checking account promotion in which you can get a $50 gas card for opening a Free checking account. According to the instructions, you'll automatically have the gas card mailed to you once you open the checking account online. The...

2007



Data for Q4 2012


Institution Statistics


First Bank
FDIC Certificate #8663
BankRate ReportView
Year Established1906
Employees643
Primary RegulatorFDIC

Assets and Liabilities

Assets$2.23 billion
Loans$1.29 billion
Deposits$1.83 billion
Equity Capital$227.53 million
Loan Loss Allowance$38.54 million
Unbacked Noncurrent Loans$51.69 million
Real Estate Owned$10.75 million

Historic Data - December 2011

Assets$2.07 billion
Equity Capital$247.03 million
Loan Loss Allowance$39.71 million
Unbacked Noncurrent Loans$66.57 million
Real Estate Owned$25.96 million

Profit Margin - Quarterly

Net Interest Margin3.71%
Return on Assets1.16%
Return on Equity10.06%
Interest Income$88.81 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 FirstBank had $62.43 million in non-current loans and owned real-estate with $266.06 million in equity and loan loss allowances on hand to cover it. This gives FirstBank a Texas Ratio of 23.46% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for FirstBank decreased slightly from 32.27% as of December 31, 2011 to 23.46% as of December 31, 2012, resulting in a positive change of 27.28%.This indicates that the balance sheet and financial strength for FirstBank has improved slightly in recent periods.
Deposit Growth5
In the past year, FirstBank has increased its total deposits by $90.74 million, resulting in 5.23% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FirstBank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FirstBank has $2.23 billion in assets with $266.06 million in equity, resulting in a capitalization level of 11.93%, which is above average.
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Great People, Great Business
5 stars - Anonymous - Thursday, October 28, 2010 - 7:29 PM

This is where my wife & I both bank after moving to M'boro.  It's a very friendly atmosphere, friendly people, & helpful associates.  They even provide awesome rewards with their rewards checking accounts, & searching around they definitely have the best rates in town.  The only thing I have bad to say is that they need to get their act together when it comes to making deposits, we have to fill out over a minutes worth of paperwork with every deposit, but even still we love our neighborhood bank.  Check them out when you get a chance. 

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