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731-968-4211
30 South Main Street
Lexington, TN 38351

FirstBank is headquartered in Lexington and is the 3rd largest bank in the state of Tennessee. It is also the 321st largest bank in the nation. It was established in 1906 and as of December of 2013, it had grown to 693 employees at 55 locations. FirstBank has a B+ health rating.

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Reviews (2)

Seriously?

laughing stock of Nashville banks. Desperate, but have wool completely pulled over the eyes of owner.

Great People, Great Business

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. 



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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, 2013 FirstBank had $37.21 million in non-current loans and owned real-estate with $251.81 million in equity and loan loss allowances on hand to cover it. This gives FirstBank a Texas Ratio of 14.78% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for FirstBank decreased dramatically from 23.46% as of December 31, 2012 to 14.78% as of December 31, 2013, resulting in a positive change of 37.02%.This indicates that the balance sheet and financial strength for FirstBank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, FirstBank has decreased its total deposits by -$17.02 million, resulting in -0.93% 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 average.

Capitalization

GRADE:
A

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 $2.26 billion in assets with $251.81 million in equity, resulting in a capitalization level of 11.16%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #8663
Year Established1906
Employees693
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.26 billion
Loans$1.37 billion
Deposits$1.81 billion
Equity Capital$219.46 million
Loan Loss Allowance$32.35 million
Unbacked Noncurrent Loans$28.42 million
Real Estate Owned$8.79 million
Historic Data - December 2012
Assets$2.23 billion
Equity Capital$227.55 million
Loan Loss Allowance$38.54 million
Unbacked Noncurrent Loans$28.42 million
Real Estate Owned$10.75 million
Profit Margin - Quarterly
Net Interest Margin3.74%
Return on Assets1.26%
Return on Equity12.65%
Interest Income$86.61 million
Rates

Sorry, we do not have rate data for FirstBank

Locations

FirstBank has 47 locations. Click to view all FirstBank locations.