Applications / Mortgage Analytics / Lenders / Tennessee / First Farmers and Merchants Bank
Columbia, TN · State member bank · FRS · $1.8 billion assets · 277 loans in 2025
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277
loans originated, 2025
383
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Farmers and Merchants Bank, of Columbia, Tennessee, makes small loans, many of them for home improvement; its typical loan is smaller than at almost every similar bank.
Home improvement made up 32.1% of its loans and refinancing 31.4%; purchases were 18.8%. Its typical loan was $105,000, against $195,000 at similar lenders (state member banks making between half and twice as many loans). Home-improvement loans are usually smaller, which may explain much of the gap.
It made 277 loans, 4% more than in 2024. Similar lenders grew 7%, and the whole market 10%. In 2022 it made 582.
Low- and moderate-income (LMI) neighborhoods took 23.1% of its loans, against 16.2% at similar lenders, more than at about three-quarters of them. Majority-minority neighborhoods took 2.2%, against 5.8%; the make-up of the 19 counties where it lends could be the reason.
It has lent in Nashville-Davidson--Murfreesboro--Franklin since at least 1990 and ranks 129 of 821 lenders there, with 0.1% of the market. United Wholesale Mortgage and Rocket Mortgage lead. In Florence-Muscle Shoals its share rose 0.1 points to 0.1%, ranking it 83 of 220.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Farmers and Merchants Bank took 383 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 32.1% · Refinance 31.4% · Purchase 18.8% · Other 17.7%
Conventional 100.0% · of 277 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Tennessee | 273 | 98.6% |
| Alabama | 4 | 1.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | 139 |
| Florence-Muscle Shoals | 3 |
| Huntsville | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900VKT2R0R20CR104 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 150035 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 114710 | 2000–2004 |
| Respondent ID (the HMDA filer code before 2018) | 2150035 | 2005–2017 |
Established 1 January 1909. Reported under HMDA 2000-2025.
Mergers, name changes, data editions and corrections: First Farmers and Merchants Bank's data.
First Farmers and Merchants Bank's data
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First Farmers and Merchants Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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