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615-325-2265
120 Village Drive
Portland, TN 37148

The Farmers Bank (TN) is headquartered in Portland and is the 29th largest bank in the state of Tennessee. It is also the 1,239th largest bank in the nation. It was established in 1912 and as of December of 2013, it had grown to 143 employees at 10 locations. The Farmers Bank (TN) has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C+

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 The Farmers Bank (TN) had $14.58 million in non-current loans and owned real-estate with $59.89 million in equity and loan loss allowances on hand to cover it. This gives The Farmers Bank (TN) a Texas Ratio of 24.35% which is 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 The Farmers Bank (TN) decreased dramatically from 40.71% as of December 31, 2012 to 24.35% as of December 31, 2013, resulting in a positive change of 40.20%.This indicates that the balance sheet and financial strength for The Farmers Bank (TN) has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, The Farmers Bank (TN) has increased its total deposits by $20.37 million, resulting in 4.63% 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 The Farmers Bank (TN) has shown is excellent.

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. The Farmers Bank (TN) has $539.21 million in assets with $59.89 million in equity, resulting in a capitalization level of 11.11%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #1696
Year Established1912
Employees143
Primary RegulatorFDIC
Assets and Liabilities
Assets$539.21 million
Loans$317.96 million
Deposits$460.41 million
Equity Capital$54.14 million
Loan Loss Allowance$5.75 million
Unbacked Noncurrent Loans$12.03 million
Real Estate Owned$2.55 million
Historic Data - December 2012
Assets$518.05 million
Equity Capital$54.18 million
Loan Loss Allowance$5.32 million
Unbacked Noncurrent Loans$12.03 million
Real Estate Owned$3.46 million
Profit Margin - Quarterly
Net Interest Margin3.96%
Return on Assets0.58%
Return on Equity5.65%
Interest Income$22.66 million
Rates

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Locations


The Farmers Bank (TN) Locations
Portland North Broadway Branch107 North BroadwayPortland, TN 37148
The Farmers Bank120 Village DrivePortland, TN 37148
Springfield Branch1203 Memorial BoulevardSpringfield, TN 37172
Millersville Branch1250 Louisville HighwayGoodlettsville, TN 37072
Ridgetop Branch1765 Hwy 41 SouthRidgetop, TN 37152
White House Branch2790 Highway 31-WWhite House, TN 37188
Tom Austin Highway - Springfield Office3490 Tom Austin HighwaySpringfield, TN 37172
White House Branch515 Highway 76White House, TN 37188
Westmoreland Branch5804 Austin Peay HighwayWestmoreland, TN 37186
Cross Plains Office7836 Highway 25Cross Plains, TN 37049