The leaders of local bank holding company First Farmers & Merchants Corp. say they will soon file corrected financial statements for 2012 and 2013 after discovering errors in how they accounted for their post-retirement health care plan in those years. The mistakes with the defined-benefit plan -- which covers employees who retired before mid-20007 -- came to light in preparing the company's 2014 numbers and, in a filing with the SEC, First Farmers execs say they've brought accounting firm BKD into the loop.

Columbia-based First Farmers has $1.1 billion in assets and posted a profit of $7.6 million through the first nine months of last year. The company runs 19 offices in eight area counties.