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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 $3.1MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $700.5M15%Noninterest $127.3MQ3 2024Q2 2026

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 1.04%, up 34 bps year over year; NIM at 3.28%.
  • Asset quality: problem loans at 0.22% of loans (-90 bps YoY), with net charge-offs at 0.24%.
  • 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.

Return on Assets (YTD, annualized)

1.04%+34 bps YoY

Net Interest Margin (YTD, annualized)

3.28%+41 bps YoY

Efficiency Ratio (YTD, annualized)

66.09%-839 bps YoY

Tier 1 Leverage Ratio

10.03%-21 bps YoY

NIM

5.34%Q2 ’245.12%Q2 ’255.22%Q2 ’26+3%+14%

Non-interest income vs. expense

2.75%Q2 ’242.72%Q2 ’252.88%Q2 ’26-3%-7%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.63%0.69%0.60%0.70%0.75%0.78%1.05%1.04%+34 bps
Return on Equity6.35%7.01%6.24%7.27%7.78%8.05%10.93%10.75%+347 bps
Net Interest Margin2.79%2.73%2.87%2.87%2.91%2.96%3.28%3.28%+41 bps
Efficiency Ratio77.32%75.40%77.99%74.48%73.38%72.46%66.67%66.09%-839 bps
Non-Interest Burden1.98%1.86%2.09%1.94%1.92%1.92%1.80%1.80%-14 bps
Growth
Asset Growth (YoY)0.78%3.30%5.42%5.14%7.47%4.79%3.75%4.63%-51 bps
Loan Growth (YoY)3.26%0.54%2.10%3.24%3.19%5.36%8.94%10.37%+714 bps
Deposit Growth (YoY)3.80%4.19%6.36%6.18%8.36%5.00%3.76%3.30%-288 bps
Asset Quality
Nonperforming Loans / Loans0.05%0.67%1.10%1.12%1.15%1.05%0.72%0.22%-90 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.03%0.02%0.01%0.00%0.24%+21 bps
Allowance / Loans0.97%0.99%0.98%0.99%1.01%1.05%1.04%0.96%-4 bps
Allowance Coverage of NPLs20.9x1.5x0.9x0.9x0.9x1.0x1.4x4.3x+3.4x
Capital
Tier 1 Leverage Ratio10.74%10.18%10.20%10.24%10.30%9.86%10.03%10.03%-21 bps
Total Risk-Based Capital16.69%16.37%16.39%16.50%16.89%16.18%10.03%10.03%-647 bps
Equity / Assets10.32%9.53%9.63%9.76%9.86%9.47%9.68%9.79%+3 bps
Liquidity & Funding
Loans / Deposits93.69%88.25%88.50%89.44%89.22%88.56%92.91%95.57%+613 bps
Liquid Assets / Assets6.32%10.56%9.86%9.62%8.97%9.06%6.20%4.79%-484 bps
CRE / Total Capitaln/an/an/an/a302%324%338%n/an/a