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Putnam 1st Mercantile Bank

$100M-$1B Specialty: Commercial TN FDIC cert 58079

Cookeville, TN

3 branches across TN

NEW · Q2 2026 RECAP

Your Quarter, Wrapped

A 35-second highlight reel of your Q2 — the wins worth celebrating and the one signal worth watching, pulled straight from your scorecard data.

Q2 2026 at a glance

  • 1 of 2,643 banks in the $100M-$1B peer group nationwide — 1 of 72 in TN.
  • Deposits +16.3% year over year ($159.8M on the books).
  • Delinquency rate 0.14%.
  • Return on assets 1.93%.
  • Efficiency ratio 48.42% vs a 64.48% peer average.
  • Loan-to-deposit ratio 91.76% vs a 77.95% peer average.

Animation disabled (reduced-motion preference). Full details in the Core Metrics table below.

2643 banks in the $100M-$1B peer group nationally 72 in TN
View $100M-$1B leaderboard (TN) →

Putnam 1st Mercantile Bank shows strong momentum with 4 strengths and 16.4% YoY asset growth

Key Strengths include matched growth signatures, metrics ranked in the top 10%, and values meaningfully above the tier average.
Key Concerns include matched risk or decline signatures, metrics ranked in the bottom 10%, and values meaningfully below the tier average.

Key Strengths

Areas where this bank excels compared to peers

  • + Profitability Leader: Top 24.0% in tier
  • + Net Interest Margin 0.19% above tier average
  • + Efficiency Ratio 16.06% below tier average
  • + Delinquency Rate 0.78% below tier average

Key Concerns

Areas that may need attention

No key concerns identified

Get updates when Putnam 1st Mercantile Bank releases new data →

Core Metrics

As of 2026-Q2

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
Total Assets ? $178.9M
+16.4% YoY +1.3% QoQ
-$207.7M $386.6M
+1.2% YoY
$2.9B
+37.8% YoY
$6.3B
+7.7% YoY
21%
Total Loans ? $146.7M
+19.8% YoY +4.2% QoQ
-$111.7M $258.3M
+1.7% YoY
$2.1B
+37.6% YoY
$3.2B
+9.4% YoY
34%
Total Deposits ? $159.8M
+16.3% YoY +0.9% QoQ
-$166.9M $326.7M
+0.7% YoY
$2.4B
+35.4% YoY
$4.9B
+7.3% YoY
24%
Return on Assets ? 1.93%
+36.6% YoY +6.0% QoQ
+0.61% 1.32%
+10.8% YoY
1.13%
+12.0% YoY
1.30%
+12.1% YoY
Top 14.8% in tier
Net Interest Margin ? 4.18%
+12.2% YoY +2.3% QoQ
+0.19% 3.99%
+5.0% YoY
3.99%
+5.6% YoY
3.95%
+4.9% YoY
64%
Efficiency Ratio ? 48.42%
-15.1% YoY -2.5% QoQ
-16.06% 64.48%
-3.2% YoY
65.40%
-4.8% YoY
70.05%
+2.5% YoY
Top 13.8% in tier
Delinquency Rate ? 0.14%
-23.1% YoY -40.5% QoQ
-0.78% 0.92%
+15.7% YoY
0.70%
+6.5% YoY
0.98%
+16.3% YoY
71%
Loan-to-Deposit Ratio ? 91.76%
+3.0% YoY +3.3% QoQ
+13.81% 77.95%
+1.0% YoY
81.19%
+2.5% YoY
79.03%
+2.3% YoY
23%
Non-Interest-Bearing Deposit Share ? 18.92%
-5.7% YoY -2.0% QoQ
-3.11% 22.03%
-0.6% YoY
18.80%
-1.8% YoY
21.98%
-0.6% YoY
40%
Nonperforming Asset Ratio ? 0.11%
-20.9% YoY -38.8% QoQ
-0.56% 0.67%
+16.4% YoY
0.58%
+9.8% YoY
0.69%
+15.8% YoY
70%
Tier 1 Capital Ratio ? 11.72%
-7.8% YoY +0.3% QoQ
-4.19% 15.91%
+1.4% YoY
14.06%
-1.8% YoY
17.09%
+0.8% YoY
32%
Non-Interest Income / Assets ? 0.18%
-14.4% YoY +113.8% QoQ
-0.39% 0.57%
+7.6% YoY
0.34%
-6.5% YoY
0.66%
+5.2% YoY
43%

Additional Detail

Deposit mix, loan mix, capital, efficiency, asset quality & profitability · As of 2026-Q2

Deposit Composition

% of total deposits

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
Noninterest-Bearing 18.9%
-1.2pp YoY
-0.4pp QoQ
 -3.2pp 22.1% 18.8% 22.2% 40%
Brokered Deposits 5.0%
+2.1pp YoY
-1.3pp QoQ
 -2.9pp 7.9% 9.4% 8.5% 52%

Loan Composition

% of total loans & leases

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
C&I 9.3%
-1.1pp YoY
+0.3pp QoQ
 -2.3pp 11.6% 10.9% 12.5% 48%
CRE 54.8%
+3.4pp YoY
-0.1pp QoQ
 +15.3pp 39.5% 42.4% 41.4% 78%
1-4 Family 35.0%
-2.3pp YoY
-0.5pp QoQ
 +2.4pp 32.6% 39.8% 31.3% 61%
Consumer 2.1%
-0.2pp YoY
+0.1pp QoQ
 -2.0pp 4.1% 4.5% 5.0% 49%

Capital

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
CET1 Ratio n/a n/a 18.8% 14.8% 19.7% n/a
Leverage Ratio 11.7%
-1.0pp YoY
0.0pp QoQ
 -0.4pp 12.2% 11.4% 12.6% 61%
Total Capital Ratio n/a n/a 19.9% 15.9% 20.8% n/a

Efficiency & Staffing

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
Full-Time Employees 26
-1 (-3.7%) YoY
0 QoQ
 -33 58 270 482 21%
Assets per Employee ($) $6.9M
+20.9% YoY
+1.3% QoQ
 -$637K $7.5M $7.1M $8.8M 50%
Branch Count 3
0 YoY
0 QoQ
 -2 4 17 18 26%

Asset Quality

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
Past Due 90+ Days 0.1%
0.0pp YoY
-0.1pp QoQ
 -0.2pp 0.3% 0.2% 0.4% 57%
Nonaccrual n/a n/a 0.9% 0.7% 1.0% n/a
Allowance Coverage 10.76x
+15.5% YoY
+52.1% QoQ
 -13.39x 24.15x 28.97x 20.23x 83%
Net Charge-off Rate (YTD) 0.0%
0.0pp YoY
 -0.1pp 0.1% 0.1% 0.2% 67%

Profitability

Metric Current vs Tier Tier Avg State Avg (TN) National Avg Tier Percentile
ROE 20.4%
+4.7pp YoY
+1.1pp QoQ
 +8.2pp 12.2% 10.9% 11.6% 89%
Cost of Funds (YTD) 2.4%
-0.2pp YoY
0.0pp QoQ
 +0.6pp 1.7% 2.0% 1.7% 86%
Net Income ($, YTD) $1.7M
+53.2% YoY
— QoQ
 -$857K $2.6M $16.7M $40.4M 46%

Signature Analysis

Composite behavioral patterns that combine multiple metrics to identify what stands out about this bank. Matched signatures only; metric-level callouts appear in the Key Strengths / Key Concerns summary above.

Strengths are growth signatures this bank matches (e.g. Revenue Diversifier, Profitability Leader).
Concerns are risk or decline signatures this bank matches (e.g. Margin Compression, Credit Quality Pressure).

Strengths (1)

Profitability Leader

growth
#160 of 661 • Top 24.0% in tier

Top-quartile profitability for peers of this size. Strong fundamentals and operational efficiency.

Why this signature
Return on Assets: 1.93%
(Tier: 1.32%, National: 1.30%)
better than tier avg
661 of 661 Community banks match · 923 nationally
→ Stable | QoQ rank improving

Concerns (0)

No matched concern signatures this quarter

Metric Rankings

See how this bank ranks across all tracked metrics compared to peers.

Strengths are metrics in the top 25% (75th percentile or higher).
Concerns are metrics in the bottom 25% (25th percentile or lower).
Comparing against 2643 peers in $100M-$1B

Top Strengths (2 metrics)

366
Efficiency Ratio
profitability
Value: 48.42%
Peer Median: 64.48%
#366 of 2643 Top 13.8% in $100M-$1B
391
Return on Assets
profitability
Value: 1.93%
Peer Median: 1.32%
#391 of 2643 Top 14.8% in $100M-$1B

Top Weaknesses (3 metrics)

2086
Total Assets
size
Value: $178.91M
Peer Median: $386.57M
#2086 of 2643 Bottom 21.1% in $100M-$1B
2044
Loan-to-Deposit Ratio
liquidity
Value: 91.76%
Peer Median: 77.95%
#2044 of 2643 Bottom 22.7% in $100M-$1B
2013
Total Deposits
size
Value: $159.82M
Peer Median: $326.73M
#2013 of 2643 Bottom 23.9% in $100M-$1B
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