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First National Bank of Middle Tennessee

McMinnville, TN · Cert 4952 · First McMinnville Corp.

National charter · OCC · 11 branches

Q2 2026

$952.4MAssets
$791.1MLoans
$827.7MDeposits
$93.2MEquity
Loan mix
91%RE $699.5M9%C&I $65.3M0%Consumer $3.1MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $700.5M15%Noninterest $127.3MQ2 2025Q2 2026

NIM

5.39%Q2 ’245.17%Q2 ’255.34%Q2 ’26+4%+16%

Non-interest income vs. expense

2.66%Q2 ’242.69%Q2 ’252.88%Q2 ’26-5%+1%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 0.3% share · #33 of 62 inst. · $0.3B of $107.8B

35.4% Warren
1.4% Rutherford
0.2% Davidson
25.6% Cannon

Executive Summary

  • Earnings: ROA of 1.03%, up 23 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.22% of loans (-90 bps YoY), with net charge-offs at 0.47%.
  • Capital: tier 1 leverage ratio of 10.03%, down 21 bps from a year ago.
  • Funding: loans stand at 95.57% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.03%+23 bps YoY

Net Interest Margin (quarter, annualized)

3.36%+46 bps YoY

Efficiency Ratio (quarter, annualized)

65.52%-569 bps YoY

Tier 1 Leverage Ratio

10.03%-21 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.80%0.86%0.84%1.05%1.03%+23 bps
Return on Equity8.28%8.77%8.71%10.93%10.56%+228 bps
Net Interest Margin2.90%3.06%3.23%3.28%3.36%+46 bps
Efficiency Ratio71.21%71.40%69.94%66.67%65.52%-569 bps
Non-Interest Burden1.82%1.92%2.02%1.80%1.84%+2 bps
Growth
Asset Growth (YoY)5.14%7.47%4.79%3.75%4.63%-51 bps
Loan Growth (YoY)3.24%3.19%5.36%8.94%10.37%+714 bps
Deposit Growth (YoY)6.18%8.36%5.00%3.76%3.30%-288 bps
Asset Quality
Nonperforming Loans / Loans1.12%1.15%1.05%0.72%0.22%-90 bps
Net Charge-Offs / Loans0.04%0.00%0.00%0.00%0.47%+43 bps
Allowance / Loans0.99%1.01%1.05%1.04%0.96%-4 bps
Allowance Coverage of NPLs0.9x0.9x1.0x1.4x4.3x+3.4x
Capital
Tier 1 Leverage Ratio10.24%10.30%9.86%10.03%10.03%-21 bps
Total Risk-Based Capital16.50%16.89%16.18%10.03%10.03%-647 bps
Equity / Assets9.76%9.86%9.47%9.68%9.79%+3 bps
Liquidity & Funding
Loans / Deposits89.44%89.22%88.56%92.91%95.57%+613 bps
Liquid Assets / Assets9.62%8.97%9.06%6.20%4.79%-484 bps
CRE / Total Capitaln/a302%324%338%n/an/a