First Farmers Financial Corporation (FFMR)

First Farmers Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	119.69	58.31	-	218.2	188.08
Investment Securities	252.91	301.05	-	430.24	409.09
Mortgage-Backed Securities	365.25	285.74	-	-	-
Total Investments	618.16	586.78	-	430.24	409.09
Gross Loans	2,400	2,262	-	1,709	1,533
Allowance for Loan Losses	-33.46	-34.89	-	-19.67	-17.74
Other Adjustments to Gross Loans	-9.66	-8.17	-	-	-
Net Loans	2,357	2,219	-	1,690	1,515
Property, Plant & Equipment	24.97	25.41	-	20.77	21.62
Goodwill	8.73	8.73	-	8.73	8.73
Other Intangible Assets	-	-	-	0.29	0.63
Loans Held for Sale	3.76	3.61	-	8.14	25.36
Accrued Interest Receivable	23.91	23.42	-	31.39	28.84
Long-Term Deferred Tax Assets	11.57	9.53	-	-	-
Other Long-Term Assets	72.63	70.98	-	31.79	16.24
Total Assets	3,240	3,006	-	2,439	2,214
Interest Bearing Deposits	2,328	2,117	-	1,559	1,315
Non-Interest Bearing Deposits	491.8	483.92	-	535.67	438.95
Total Deposits	2,820	2,601	-	2,095	1,754
Short-Term Borrowings	57.08	68.37	-	-	-
Current Portion of Leases	0.22	-	-	-	-
Accrued Interest Payable	3.16	3.62	-	20.55	29.51
Long-Term Debt	24.55	25.55	-	27.54	28.53
Federal Home Loan Bank Debt, Long-Term	35	20	-	53	180
Long-Term Leases	1.47	1.58	-	-	-
Other Long-Term Liabilities	25.44	26.57	-	-	-
Total Liabilities	2,967	2,747	-	2,196	1,992
Common Stock	7.2	7.2	-	7.2	7.2
Additional Paid-In Capital	4.91	4.81	-	5	5.19
Retained Earnings	303.2	281.37	-	232.08	205.82
Treasury Stock	-8.98	-8.22	-	-8.49	-5.39
Comprehensive Income & Other	-32.76	-25.55	-	7.36	8.69
Shareholders' Equity	273.57	259.6	-	243.14	221.5
Total Liabilities & Equity	3,240	3,006	-	2,439	2,214
Total Debt	118.33	115.5	-	80.54	208.53
Net Cash (Debt)	2.2	-55.86	-	140.2	-17.22
Net Cash Per Share	0.31	-7.95	-	19.89	-2.43
Filing Date Shares Outstanding	7.02	7.03	7.02	7.01	7.08
Total Common Shares Outstanding	7.02	7.03	7.02	7.01	7.08
Book Value Per Share	38.97	36.93	-	34.69	31.30
Tangible Book Value	264.84	250.87	-	234.12	212.14
Tangible Book Value Per Share	37.73	35.69	-	33.40	29.97

Source: S&P Global Market Intelligence. Banks template. Financial Sources.