Total loans increased $24.1 million from the first quarter to $1.04 billion, a 9.5% annualized growth rate.
Wealth management and trust services fees hit a quarterly record of $1.3 million, up 10.2% from a year earlier.
Management cited accelerating contribution from strategic growth initiatives, including its entry into the Chattanooga market, while prioritizing digital platform enhancements.
Second-quarter results and margin expansion
First Farmers and Merchants posted second-quarter net income up 22.9% from a year earlier to $5.7 million; EPS rose 25.2% to $1.44.
Net interest income climbed 16.7% to $15.3 million; net interest margin widened 47 basis points to 3.61%.
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