F & M Bank-Keyser, Inc. in Keyser, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 03, 1998

F & M Bank-Keyser, Inc. in Keyser, West Virginia (WV)
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F & M Bank-Keyser, Inc. - Overview

General
FDIC Certificate #: 2449
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F & M Bank-West Virginia, Inc. (#16804)
Federal Reserve ID: 235222
Date Established: August 01, 1911
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 1604
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 03, 1998
Last Structure Change Process Date: April 08, 1998
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 87 North Main Street, Keyser, WV 26726
County: Mineral
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Scott Depot
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Cumberland, MD-WV (#1900)
Core Based Statistical Area (CBSA): Cumberland, MD-WV (#19060)
CBSA Metro Statistical Area: Cumberland, MD-WV (#19060)
Financial Summary
Total assets: $99.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
40Total employees (full-time equivalent)
$97,347Total assets
$4,126Cash and due from depository institutions
$0Interest-bearing balances
$27,071Securities
$0Federal funds sold & reverse repurchase agreements
$64,340Net loans & leases
$738Loan loss allowance
$0Trading account assets
$799Bank premises and fixed assets
$77Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$934All other assets
$97,347Total liabilities and capital
$84,754Total liabilities
$82,580Total deposits
$76,231Interest-bearing deposits
$82,580Deposits held in domestic offices
0.00%% insured (estimated)
$800Federal funds purchased & repurchase agreements
$0Trading liabilities
$290Other borrowed funds
$0Subordinated debt
$1,084All other liabilities
$12,593Total equity capital
$12,593Total bank equity capital
$12,593Perpetual preferred stock
$0Common stock
$1,287Surplus
$1,091Undivided profits
Memoranda
$10,215Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$33Earning assets
$0Long-term assets (5+ years)
$300Average Assets, year-to-date
$91,411Average Assets, quarterly
$17,853Volatile liabilities
$95,490Insider loans
$96,868FHLB advances
$4,365Loans and leases held for sale
$163Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,841Total unused commitments
$0Restructured Loans and leases
$55,303Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$7,445Total interest income
$3,025Total interest expense
$4,420Net interest income
$64Provision for loan and lease losses
$361Total noninterest income
$0Fiduciary activities
$156Service charges on deposit accounts
$0Trading account gains & fees
$205Additional noninterest income
$2,408Total noninterest expense
$1,141Salaries and employee benefits
$312Premises and equipment expense
$955Additional noninterest expense
$2,309Pre-tax net operating income
$0Securities gains (losses)
$879Applicable income taxes
$1,430Income before extraordinary items
$0Extraordinary gains - net
$1,430Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$150Sale, conversion, retirement of capital stock, net
$801Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.38%Yield on earning assets
3.40%Cost of funding earning assets
4.97%Net interest margin
0.41%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
1.50%Net operating income to assets
1.50%Return on assets (ROA)
2.42%Pretax return on assets
11.63%Return on equity (ROE)
5.12%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
42.67%Credit loss provision to net charge-offs
15.82%Efficiency ratio
50,366Assets per employee
2.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.01%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
2236.36%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.05%Net loans and leases to deposits
77.91%Net loans and leases to core deposits
81.13%Equity capital to assets
12.94%Core capital (leverage) ratio
12.94%Tier 1 risk-based capital ratio
22.77%Total risk-based capital ratio
Memoranda
$24Average assets
$95,490Average earning assets
$12,291Average equity
$88,886Average loans

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