First Farmers and Merchants Corp. extended its stock repurchase program for up to 200,000 shares through Dec. 31, according to the company's Jan. 25 release.

During the fourth quarter of 2016, the Columbia, Tenn.-based company repurchased 16,000 common shares at an average price of $32.90 per share under its stock repurchase program.

The company reported 2016 net income of $10.3 million or $2.22 per share, as compared to $10.3 million or $2.13 per share in 2015.

The company is the parent of First Farmers and Merchants Bank.