First Farmers & Merchants Corp (FFMH) Financial Statements (2024 and earlier)

Company Profile

Business Address 816 S GARDEN ST
COLUMBIA, TN 38402
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30,29735870,396
Cash and cash equivalents30,297 70,396
Short-term investments  358 
Disposal group, including discontinued operation 354  
Total current assets:30,65135870,396
Noncurrent Assets
Property, plant and equipment25,7732526,417
Intangible assets, net (including goodwill)9,01899,018
Goodwill9,01899,018
Total noncurrent assets:34,7913435,435
Other undisclosed assets1,105,553702984,532
TOTAL ASSETS:1,170,9951,0941,090,363
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  16 
Other undisclosed accounts payable and accrued liabilities  16 
Debt22,986  
Total current liabilities:22,98616 
Noncurrent Liabilities
Liabilities, other than long-term debt2,560  
Liability, pension and other postretirement and postemployment benefits2,560
Total noncurrent liabilities:2,560  
Other undisclosed liabilities1,030,865975975,772
Total liabilities:1,056,411991975,772
Equity
Equity, attributable to parent, including:114,489103114,496
Common stock49,00650 
Accumulated other comprehensive income (loss)(2,126)(9)5,330
Retained earnings67,6096157,366
Other undisclosed equity, attributable to parent  051,800
Equity, attributable to noncontrolling interest   95
Other undisclosed equity95(0) 
Total equity:114,584103114,591
Other undisclosed liabilities and equity  0 
TOTAL LIABILITIES AND EQUITY:1,170,9951,0941,090,363

Income Statement (P&L) ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Revenues47,097  
Net investment income36,780  
Financial services revenue10,317  
Cost of revenue
(Financial Services Costs)
  (1,120)
Gross profit:47,097 (1,120)
Operating expenses(25,007)(2)(20,585)
Other operating income, net
(Noninterest Income, Other Operating Income)
4961399
Operating income (loss):22,586(2)(21,306)
Nonoperating income (expense)1,6510(612)
Investment income, nonoperating 737  
Gains (losses) on sales of other real estate516(0)(1,317)
Bank owned life insurance income3980705
Interest and debt expense(2,428)(3)(3,841)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7,995)  
Income (loss) from continuing operations before equity method investments, income taxes:13,814(4)(25,759)
Other undisclosed income (loss) from continuing operations before income taxes(16) 35,299
Income (loss) from continuing operations before income taxes:13,798(4)9,540
Income tax expense(3,556)(3)(1,916)
Income (loss) from continuing operations:10,242(7)7,624
Income (loss) before gain (loss) on sale of properties:10,242(7)7,624
Other undisclosed net income1617 
Net income:10,258107,624
Net loss attributable to noncontrolling interest(16)(0)(16)
Net income available to common stockholders, diluted:10,242107,608

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Net income:10,258107,624
Other comprehensive income6,875  
Other undisclosed comprehensive income   2,106
Comprehensive income:17,133109,730
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(16)016
Other undisclosed comprehensive loss, net of tax, attributable to parent  (14)(7,624)
Comprehensive income (loss), net of tax, attributable to parent:17,117(4)2,122

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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