UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 12b-25
NOTIFICATION OF
LATE FILING
Commission File
Number 000-10972
(Check one):
x
Form 10-K
¨
Form 20-F
¨
Form 11-K
¨
Form 10-Q
¨
Form 10-D
¨
Form N-SAR
¨
Form N-CSR
For Period Ended:
December
31, 2012
¨
Transition Report on Form 10-K
¨
Transition Report on Form 20-F
¨
Transition Report on Form 11-K
¨
Transition Report on Form 10-Q
¨
Transition Report on Form N-SAR
For the Transition Period Ended:
______________________________________
Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing
in this form shall be construed to imply that the Commission has verified any
information contained herein.
If the notification relates to a portion
of the filing checked above, identify the Item(s) to which the notification
relates: ______________________________________________________________________
PART I
REGISTRANT INFORMATION
FIRST FARMERS AND MERCHANTS CORPORATION
Full Name of
Registrant
N/A
Former Name if
Applicable
816 South Garden
Street
Address of
Principal Executive Office
(Street and Number)
Columbia, TN 38402-1148
City, State and
Zip Code
PART II RULES
12b-25(b) AND (c)
If the subject report could not be filed
without unreasonable effort or expense and the registrant seeks relief pursuant
to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)
x
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(a) The
reason described in reasonable detail in Part III of this form could not be
eliminated without unreasonable effort or expense
(b) The
subject annual report, semi-annual report, transition report on Form 10-K,
Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed due
date; or the subject quarterly report or transition report on Form 10-Q or
subject distribution report on Form 10-D, or portion thereof, will be filed
on or before the fifth calendar day following the prescribed due date; and
(c) The
accountants statement or other exhibit required by Rule 12b-25(c) has been
attached if applicable.
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PART III
NARRATIVE
As previously disclosed
by First Farmers and Merchants Corporation (the Registrant) in a Current
Report on Form 8-K filed on March 18, 2013, the Registrants financial
statements at December 31, 2011 and 2010 and for the years ended December 31,
2011, 2010 and 2009 (the Financial Statements) included in the Registrants
Annual Report on Form 10-K for the year ended December 31, 2011 filed with the
Securities and Exchange Commission on March 13, 2012 (the 2011 Annual Report),
will be restated to correct errors in accounting for the Registrants defined
benefit post-retirement healthcare plan and the amortization of FDIC pre-paid
insurance. The facts requiring the restatement of the financial statements included
in the 2011 Annual Report were identified during the Registrants year-end
financial review in consultation with BKD LLP, the independent registered
public accounting firm engaged by the Registrant to audit the consolidated
financial statements of the Registrant and its subsidiaries for the year ended
December 31, 2012.
As a result of the
restatement of the Financial Statements and because of corresponding revisions
to the disclosure and financial statements to be included in the Registrants
Annual Report on Form 10-K for the year ended December 31, 2012 (the 2012
Annual Report), the Registrant was unable, without unreasonable effort or
expense, to file the 2012 Annual Report by the March 18, 2013 filing deadline
applicable to accelerated filers. The Registrant is in the process of completing
the 2012 Annual Report and expects. to file it as soon as practicable after
the above-referenced revisions are complete. The Registrant anticipates that it
will file the 2012 Annual Report no later than the fifteenth calendar day
following the prescribed filing date.
PART IV OTHER
INFORMATION
(1) Name and telephone number of person
to contact in regard to this notification
Patricia P.
Bearden
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931
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388-3145
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(Name)
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(Area Code)
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(Telephone
Number)
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(2) Have all other periodic reports
required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section
30 of the Investment Company Act of 1940 during the preceding 12 months or for
such shorter period that the registrant was required to file such report(s)
been filed ? If answer is no, identify report(s). Yes
x
No
¨
_____________________________________________________________________________________________
(3) Is it anticipated that any
significant change in results of operations from the corresponding period for
the last fiscal year will be reflected by the earnings statements to be
included in the subject report or portion thereof ?
Yes
x
No
¨
If so, attach an explanation of the
anticipated change, both narratively and quantitatively, and, if appropriate,
state the reasons why a reasonable estimate of the results cannot be made.
The Registrant
anticipates that it will report an increase in net income of 8.7% for 2012 as
compared to 2011, and an increase in earnings per share of 10% for 2012 as
compared to 2011.
FIRST FARMERS
AND MERCHANTS CORPORATION
(Name of
Registrant as Specified in Charter)
has caused this notification to be
signed on its behalf by the undersigned hereunto duly authorized.
Date
March 19, 2013
By
/s/ PATRICIA P. BEARDEN
Patricia P. Bearden, Treasurer