F&M Bank-Massanutten in Harrisonburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 16, 2002

  • F&M Bank-Massanutten in Harrisonburg, Virginia (VA)
  • Show street view No street view available for this location

F&M Bank-Massanutten - Overview

  • General
  • FDIC Certificate #: 22035
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 91521
    Date Established: June 09, 1975
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 11717
    FDIC's unique #: 15289
    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: June 09, 1975
    Last Structure Change Effective Date: March 16, 2002
    Last Structure Change Process Date: April 26, 2002
    Last Data Update: April 26, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1855 East Market Street, Harrisonburg, VA 22801
    County: Harrisonburg City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Harrisonburg, VA (#25500)
    CBSA Metro Statistical Area: Harrisonburg, VA (#25500)
  • Financial Summary
  • Total assets: $277.8 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2001)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $277,786Total assets
  • $6,703Cash and due from depository institutions
  • $0Interest-bearing balances
  • $21,525Securities
  • $27,847Federal funds sold & reverse repurchase agreements
  • $211,169Net loans & leases
  • $994Loan loss allowance
  • $0Trading account assets
  • $4,032Bank premises and fixed assets
  • $85Other real estate owned
  • $1,167Goodwill and other intangibles
  • $0Life insurance assets
  • $5,258All other assets
  • $277,786Total liabilities and capital
  • $254,586Total liabilities
  • $234,267Total deposits
  • $213,193Interest-bearing deposits
  • $234,267Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,292Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $15,750Other borrowed funds
  • $0Subordinated debt
  • $1,277All other liabilities
  • $23,200Total equity capital
  • $23,200Total bank equity capital
  • $23,200Perpetual preferred stock
  • $0Common stock
  • $2,029Surplus
  • $1,484Undivided profits
  • Memoranda
  • $19,687Noncurrent loans and leases
  • $14,451Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,739Earning assets
  • $0Long-term assets (5+ years)
  • $2,487Average Assets, year-to-date
  • $260,541Average Assets, quarterly
  • $48,412Volatile liabilities
  • $279,208Insider loans
  • $276,234FHLB advances
  • $28,775Loans and leases held for sale
  • $1,953Unused loan commitments
  • $15,750Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,451Total unused commitments
  • $0Restructured Loans and leases
  • $994Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $20,485Total interest income
  • $10,687Total interest expense
  • $9,798Net interest income
  • $2,856Provision for loan and lease losses
  • $1,582Total noninterest income
  • $0Fiduciary activities
  • $1,171Service charges on deposit accounts
  • $0Trading account gains & fees
  • $411Additional noninterest income
  • $7,032Total noninterest expense
  • $2,993Salaries and employee benefits
  • $1,375Premises and equipment expense
  • $2,664Additional noninterest expense
  • $1,492Pre-tax net operating income
  • $213Securities gains (losses)
  • $549Applicable income taxes
  • $1,156Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,156Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,699Sale, conversion, retirement of capital stock, net
  • $1,080Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 4.10%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 5.05%Return on equity (ROE)
  • 0.33%Retained earnings to average equity (YTD only)
  • 2.18%Net charge-offs to loans
  • 60.78%Credit loss provision to net charge-offs
  • 0.93%Efficiency ratio
  • 61,046Assets per employee
  • 3.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 93.43%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 26.58%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 1.76%Net loans and leases to deposits
  • 90.14%Net loans and leases to core deposits
  • 101.14%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 7.80%Tier 1 risk-based capital ratio
  • 10.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $279,208Average earning assets
  • $22,909Average equity
  • $260,937Average loans

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