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The First National Bank of McMinnville

The First National Bank of McMinnville
Overview / Commentary
931-473-4402
200 East Main Street
Mcminnville, TN 37110

The First National Bank of McMinnville is headquartered in Mcminnville and is the 36th largest bank in the state of Tennessee. It is also the 1,399th largest bank in the nation. It was established in 1874 and as of March of 2014, it had grown to 107 employees at 6 locations. The First National Bank of McMinnville has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 The First National Bank of McMinnville had $6.26 million in non-current loans and owned real-estate with $60.48 million in equity and loan loss allowances on hand to cover it. This gives The First National Bank of McMinnville a Texas Ratio of 10.36% which is excellent. 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 First National Bank of McMinnville decreased dramatically from 22.75% as of March 31, 2013 to 10.36% as of March 31, 2014, resulting in a positive change of 54.48%.This indicates that the balance sheet and financial strength for The First National Bank of McMinnville has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, The First National Bank of McMinnville has decreased its total deposits by -$15.52 million, resulting in -3.72% 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 First National Bank of McMinnville has shown is below 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. The First National Bank of McMinnville has $481.32 million in assets with $60.48 million in equity, resulting in a capitalization level of 12.57%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #4952
Year Established1874
Employees107
Primary RegulatorOCC
Assets and Liabilities
Assets$481.32 million
Loans$261.72 million
Deposits$401.55 million
Equity Capital$56.53 million
Loan Loss Allowance$3.95 million
Unbacked Noncurrent Loans$5.25 million
Real Estate Owned$1.01 million
Historic Data - March 2013
Assets$497.52 million
Equity Capital$59.23 million
Loan Loss Allowance$4.32 million
Unbacked Noncurrent Loans$5.25 million
Real Estate Owned$2.01 million
Profit Margin - Quarterly
Net Interest Margin2.74%
Return on Assets0.92%
Return on Equity7.98%
Interest Income$4.12 million
Rates

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Locations


The First National Bank of McMinnville Locations
Sparta Street Branch1408 Sparta StreetMcminnville, TN 37110
The First National Bank Of Mcminnville200 East Main StreetMcminnville, TN 37110
Smithville Hwy Branch917 Smithville HighwayMcminnville, TN 37110
Morrison Road Branch9970 Manchester HighwayMorrison, TN 37357
Murfreesboro BranchGateway BlvdMurfreesboro, TN 37129
Viola BranchMain StreetViola, TN 37394