SBA lender profile
First Farmers and Merchants Bank
First Farmers and Merchants Bank appears in the public SBA loan data with 31 funded 7(a) loans totaling $8.7M, an average of $281K per loan, and an estimated 244 jobs supported. Its SBA lending concentrates in Tennessee and the Transportation and Warehousing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
31
Total volume
$8.7M
Average loan size
$281K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
244
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.8B
- Headquarters
- Columbia, TN
- FDIC cert
- #1487
- Status
- Active
Where First Farmers and Merchants Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Tennessee | 31 | $8.7M |
What First Farmers and Merchants Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Transportation and Warehousing | 3 | $1.5M |
| Health Care and Social Assistance | 6 | $1.3M |
| Other Services | 4 | $1.2M |
| Accommodation and Food Services | 4 | $1.2M |
| Construction | 3 | $1.0M |
| Administrative and Support | 3 | $949K |
First Farmers and Merchants Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $485K |
| 2021 | 3 | $473K |
| 2022 | 6 | $2.8M |
| 2023 | 3 | $193K |
| 2024 | 6 | $1.0M |
| 2025 | 10 | $2.7M |
| 2026 | 2 | $964K |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of First Farmers and Merchants Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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