First Farmers & Merchants Corp (FFMH) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments62305570
Cash and cash equivalents62305570
Disposal group, including discontinued operation 00 
Total current assets:62315670
Noncurrent Assets
Property, plant and equipment26262526
Intangible assets, net (including goodwill)9999
Goodwill9999
Total noncurrent assets:35353435
Other undisclosed assets1,1641,1061,003985
TOTAL ASSETS:1,2601,1711,0931,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  0 
Employee-related liabilities  0 
Debt242318 
Total current liabilities:242318 
Noncurrent Liabilities
Liabilities, other than long-term debt(2)32 
Liability, pension and other postretirement and postemployment benefits(2)32
Total noncurrent liabilities:(2)32 
Other undisclosed liabilities1,1201,031968976
Total liabilities:1,1431,056989976
Stockholders' equity
Stockholders' equity attributable to parent, including:118114104114
Common stock474950 
Accumulated other comprehensive income (loss)(1)(2)(9)5
Retained earnings72686357
Other undisclosed stockholders' equity attributable to parent   52
Stockholders' equity attributable to noncontrolling interest   0
Other undisclosed stockholders' equity000 
Total stockholders' equity:118115104115
TOTAL LIABILITIES AND EQUITY:1,2601,1711,0931,090

Income statement (P&L) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Revenues494748 
Net investment income393737 
Financial services revenue101010 
Cost of revenue
(Financial Services Costs)
(0)  (1)
Gross profit:494748(1)
Operating expenses(27)(25)(25)(21)
Other operating income, net
(Noninterest Income, Other Operating Income)
1010
Operating income (loss):232324(21)
Nonoperating income (expense)021(1)
Investment income, nonoperating 11 
Gains (losses) on sales of other real estate01(0)(1)
Bank owned life insurance income0001
Interest and debt expense(2)(2)(3)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes(8)(8)(10) 
Income (loss) from continuing operations before equity method investments, income taxes:141412(26)
Other undisclosed income (loss) from continuing operations before income taxes(0)(0)(0)35
Income from continuing operations before income taxes:14141210
Income tax expense(3)(4)(3)(2)
Income before gain (loss) on sale of properties:1010108
Other undisclosed net income000 
Net income:1010108
Net loss attributable to noncontrolling interest(0)(0)(0)(0)
Net income available to common stockholders, diluted:1010108

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
12/31/2011
Net income:1010108
Other comprehensive income (loss)17(11) 
Other undisclosed comprehensive income   2
Comprehensive income (loss):1117(1)10
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)0
Other undisclosed comprehensive loss, net of tax, attributable to parent   (8)
Comprehensive income (loss), net of tax, attributable to parent:1117(1)2

Statements sources

The financial statements are based on the company's filings with the 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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