Cookeville, TN · Cert 58079 · First Mercantile Finl Corp.
State charter, non-member · FDIC · 3 branches
Q2 2026
Return on Assets (quarter, annualized)
Net Interest Margin (quarter, annualized)
Efficiency Ratio (quarter, annualized)
Tier 1 Leverage Ratio
Discrete quarter, annualized.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.15% | 1.05% | 1.07% | 1.32% | 1.40% | 1.51% | 1.53% | 1.71% | +39 bps | |
| Return on Equity | 12.94% | 11.96% | 12.26% | 14.16% | 14.53% | 15.72% | 16.25% | 18.11% | +395 bps | |
| Net Interest Margin | 3.46% | 3.51% | 3.43% | 3.75% | 3.85% | 3.89% | 3.87% | 4.05% | +30 bps | |
| Efficiency Ratio | 56.19% | 59.09% | 59.29% | 54.88% | 53.62% | 51.21% | 49.68% | 47.26% | -763 bps | |
| Non-Interest Burden | 1.77% | 1.92% | 1.88% | 1.87% | 1.88% | 1.82% | 1.76% | 1.72% | -15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.74% | 7.41% | 3.17% | 0.66% | 4.12% | 6.71% | 13.72% | 16.41% | +1,576 bps | |
| Loan Growth (YoY) | 5.98% | 4.45% | 1.51% | 2.93% | 5.61% | 17.42% | 17.95% | 19.60% | +1,667 bps | |
| Deposit Growth (YoY) | 7.24% | 7.83% | 1.98% | -0.48% | 3.87% | 5.18% | 13.57% | 16.33% | +1,680 bps | |
| Asset Quality | ||||||||||
| Nonperforming Loans / Loans | 0.18% | 0.37% | 0.04% | 0.17% | 0.06% | 0.14% | 0.22% | 0.13% | -4 bps | |
| Net Charge-Offs / Loans | 0.01% | 0.72% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.10% | +8 bps | |
| Allowance / Loans | 1.65% | 1.54% | 1.60% | 1.62% | 1.64% | 1.54% | 1.59% | 1.44% | -18 bps | |
| Allowance Coverage of NPLs | 9.2x | 4.1x | 44.2x | 9.3x | 26.1x | 10.9x | 7.1x | 10.8x | +1.4x | |
| Capital | ||||||||||
| Tier 1 Leverage Ratio | 12.27% | 12.34% | 12.07% | 12.72% | 12.57% | 11.88% | 11.68% | 11.72% | -100 bps | |
| Total Risk-Based Capital | 12.27% | 12.34% | 12.07% | 12.72% | 12.57% | 11.88% | 11.68% | 11.72% | -100 bps | |
| Equity / Assets | 9.32% | 8.33% | 9.10% | 9.58% | 9.73% | 9.52% | 9.35% | 9.53% | -6 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 87.48% | 83.36% | 86.94% | 90.55% | 88.94% | 93.06% | 90.29% | 93.10% | +255 bps | |
| Liquid Assets / Assets | 2.00% | 5.65% | 2.33% | 0.34% | 2.54% | 0.00% | 2.87% | 1.08% | +73 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | 344% | 375% | 372% | n/a | n/a | |