# First Farmers and Merchants Bank

> **Canonical URL:** https://saferate.com/lenders/first-farmers-and-merchants-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First Farmers and Merchants Bank is a bank, headquartered in Columbia, TN, serving borrowers across 2 states, with 48 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 82% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 67% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 254900VKT2R0R20CR104
- **Headquarters:** Columbia, TN
- **Geographic Reach:** Regional
- **States Served:** 2
- **State List:** FL, TN
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Mediocre 😐
- Score: 18/100
- Rating: ●○○○○ (1/5)

### Pull Through: Acceptable 🙂
- Score: 33/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.438%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $970
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 48
- **Dollar Volume:** $18 million
- **Applications Received:** 77
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $376,458
- **Average Borrower Income:** $177,354
- **Average Property Value:** $676,042

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 22/100 | 44 | +0.511% | $1,065 | Acceptable 🙂 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 24 loans, Score: 19/100 (Mediocre)
- Refinance: 20 loans, Score: 34/100 (Acceptable)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 20/100 | 24 | $7M | +0.442% | Mediocre 😐 |
| Refinance | 35/100 | 24 | $11M | +0.434% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| TN | 47 | 0.05% | 64/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Nashville | TN | 29 | 61/100 |
| Non |  | 18 | 38/100 |

## Frequently Asked Questions

### What loan types does First Farmers and Merchants Bank offer?

First Farmers and Merchants Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First Farmers and Merchants Bank offer mortgages?

First Farmers and Merchants Bank offers mortgages in 2 states: FL, TN.

### How competitive are First Farmers and Merchants Bank's mortgage rates?

First Farmers and Merchants Bank has a pricing score of 18/100 (Mediocre), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.438% above market average.

### What type of lender is First Farmers and Merchants Bank?

First Farmers and Merchants Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Columbia, TN.

### What is First Farmers and Merchants Bank's loan approval success rate?

First Farmers and Merchants Bank has a pull-through score of 33/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-farmers-and-merchants-bank

### How to Cite

> "First Farmers and Merchants Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-farmers-and-merchants-bank

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