Putnam 1st Mercantile Bank
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Data as of · sourced from FFIEC call reports. How we update
Putnam 1st Mercantile Bank is an FDIC-insured commercial bank headquartered in Cookeville, TN, established in 2005 (FDIC certificate 58079), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $178.9M, up 16.4% from Q2 2025, the 95th largest of 109 banks headquartered in Tennessee. It reports no CET1 ratio; its Tier 1 leverage ratio was 11.72% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 58079
- Headquarters
- Cookeville, TN
- Established
- 2005
- Total assets, Q2 2026
- $178.9M
- Assets vs Q2 2025
- +16.4%
- Tier 1 leverage ratio, Q2 2026
- 11.72%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 064109031
- Latest call report
- Q2 2026, FFIEC 051 · Putnam 1st Mercantile Bank call report
- Holding company
- FIRST MERCANTILE FINANCIAL CORPORATION
- Asset rank in state
- 95th of 109 in Tennessee
Putnam 1st Mercantile Bank is one of the more profitable banks of its size. Based in Cookeville, Tennessee, it had $179 million in assets at June 30, 2026, up 16.4% from a year earlier. It returns 21.6% a year on shareholders' equity, higher than about 9 in 10 of the 2,627 banks with $100 million to $1 billion in assets (median 12.6%). It also grew its loan book 19.6% over the year, 3.6 times the median of 5.5% for banks its size. Much of that comes from cost control: it spends about 47 cents to bring in each dollar of revenue.
Earnings jumped: net income for the quarter was $905,000, 49% above the same quarter a year earlier. Over the same year, loans grew 19.6% and deposits grew 16.3%. Concentration is the risk to watch: it holds commercial real estate loans worth 2.5 times its capital, about double the median of 1.2 times for banks its size.
As of June 30, 2026, Putnam 1st Mercantile Bank reported a return on assets of 2.00%, a nonperforming-loan ratio of 0.13% and a Texas ratio of 1.04%. The figures come from its call report filed with the FFIEC.
Of the 109 banks headquartered in Tennessee, Putnam 1st Mercantile Bank is the 95th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.3% to $178.9M, loans rose 4.1% and deposits rose 0.9%. 1-4 family residential loans made up 34.5% of its total loans on June 30, 2026, its largest category; next came construction and land development loans at 17.6%. The FDIC Summary of Deposits lists 3 offices for it, in Cookeville, TN and Baxter, TN; its Cookeville 2 offices book 93% of its branch deposits. Judged on its Q2 2026 call report, Putnam 1st Mercantile Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 200 W Jackson St, Cookeville, TN 38501
- County
- Putnam
- Metro Area
- Cookeville, TN
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Dallas (Region 13)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- November 28, 2005
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 26
- Domestic deposits
- $159.8M
- Allowance for credit losses
- $2.1M
- Net charge-offs (YTD)
- $36K
- Average total assets
- $181.4M
- Average total loans
- $146.7M
- Average interest-bearing deposits
- $127.9M
- Tax status
- Subchapter S
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- November 28, 2005
- FDIC Cert
- 58079
- Fed RSSD
- 3393851
- SEC CIK
- 1655881 → filed by FIRST MERCANTILE FINANCIAL CORPORATION
- Website
- www.1stmerc.net →
- Parent Holding Company
- FIRST MERCANTILE FINANCIAL CORPORATION (RSSD 4815501)
Profitability
Q2 annualizedBalance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. As a community bank leverage ratio filer, Putnam 1st Mercantile Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Putnam 1st Mercantile Bank's total assets ranged from $142.9M (Q3 2023) to $178.9M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$178.9M total assets against $153.7M; $161.9M total liabilities against $139.0M.
$146.7M net loans and leases against $122.4M; $159.8M total deposits against $137.4M.
$24.8M securities against $24.9M; $4.1M cash and balances due against $3.0M.
$2.8M total interest income against $2.4M; $1.0M total interest expense against $925K.
$1.8M net interest income against $1.4M.
$170K total noninterest income against $164K; $948K total noninterest expense against $882K.
$90K provision for credit losses against $75K.
$905K net income against $608K.
2.00% return on assets against 1.58%; 4.12% net interest margin against 3.70%.
11.72% tier 1 leverage ratio against 12.72%.
Inside the full Putnam 1st Mercantile Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Putnam 1st Mercantile Bank rankings
Its closest position to the top of a national ranking is 489 of 3,611, for ROA; its furthest is 3,109 of 4,196, for total assets.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 1.25% (Q1 2025) to 2.00% (Q2 2026) and its net interest margin ran from 3.39% (Q1 2025) to 4.12% (Q2 2026).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.72% | 2.00% | 0.13% | 1.04% | 4.12% |
| Q1 2026 | 11.68% | 1.78% | 0.22% | 1.71% | 3.93% |
| Q4 2025 | 11.88% | 1.73% | 0.14% | 1.09% | 3.96% |
| Q3 2025 | 12.57% | 1.65% | 0.06% | 0.45% | 3.81% |
| Q2 2025 | 12.72% | 1.58% | 0.17% | 1.29% | 3.70% |
| Q1 2025 | 12.07% | 1.25% | 0.04% | 0.27% | 3.39% |
| Q4 2024 | 12.34% | 1.27% | 0.37% | 2.97% | 3.47% |
| Q3 2024 | 12.27% | 1.37% | 0.18% | 2.43% | 3.42% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Putnam 1st Mercantile Bank (main office) | Cookeville , TN | 38501 | $135.9M |
| Tenth Street Branch | Cookeville , TN | 38501 | $12.9M |
| Baxter Branch | Baxter , TN | 38544 | $11.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in TN, rank 126 of 165 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 2 loans, $1.7M approved, $838K average. 100.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2009 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Putnam 1st Mercantile Bank
What are Putnam 1st Mercantile Bank's total assets?
As of the Q2 2026 filing, Putnam 1st Mercantile Bank reported total assets of $178.9 million in its FFIEC call report.
Where is Putnam 1st Mercantile Bank headquartered?
It is headquartered in Cookeville, TN, United States.
When was Putnam 1st Mercantile Bank founded?
It was established in 2005, per the FDIC institution directory.
Is Putnam 1st Mercantile Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #58079). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Putnam 1st Mercantile Bank?
Putnam 1st Mercantile Bank's primary federal regulator is the FDIC.
How many branches does Putnam 1st Mercantile Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Putnam 1st Mercantile Bank's Texas Ratio?
Its Texas Ratio is 1.04% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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