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

This bank is inactive as of August 09, 1996

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

F & M Bank-Potomac - Overview

  • General
  • FDIC Certificate #: 27357
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F & M Bank - Northern Virginia (#25865)
    Federal Reserve ID: 1218576
    Date Established: October 11, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 39631
    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: October 11, 1988
    Last Structure Change Effective Date: August 09, 1996
    Last Structure Change Process Date: August 23, 1996
    Last Data Update: August 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 230 Herndon Parkway, Herndon, VA 22070
    County: Fairfax
    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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $62.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $25Total assets
  • $61,919Cash and due from depository institutions
  • $1,783Interest-bearing balances
  • $0Securities
  • $20,143Federal funds sold & reverse repurchase agreements
  • $6,175Net loans & leases
  • $32,873Loan loss allowance
  • $395Trading account assets
  • $0Bank premises and fixed assets
  • $322Other real estate owned
  • $0Goodwill and other intangibles
  • $623Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $61,919Total liabilities
  • $53,944Total deposits
  • $53,862Interest-bearing deposits
  • $46,324Deposits held in domestic offices
  • 53862.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $82Total equity capital
  • $82Total bank equity capital
  • $7,975Perpetual preferred stock
  • $0Common stock
  • $3,269Surplus
  • $3,269Undivided profits
  • Memoranda
  • $1,437Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $296Income earned, not collected on loans
  • $220Earning assets
  • $59,191Long-term assets (5+ years)
  • $2,728Average Assets, year-to-date
  • $58,055Average Assets, quarterly
  • $59,771Volatile liabilities
  • $3,214Insider loans
  • $2,035FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,093Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,974Total risk weighted assets
  • $34,397Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,449Total interest expense
  • $1,827Net interest income
  • $2,622Provision for loan and lease losses
  • $30Total noninterest income
  • $202Fiduciary activities
  • $0Service charges on deposit accounts
  • $134Trading account gains & fees
  • $0Additional noninterest income
  • $68Total noninterest expense
  • $1,869Salaries and employee benefits
  • $915Premises and equipment expense
  • $334Additional noninterest expense
  • $620Pre-tax net operating income
  • $925Securities gains (losses)
  • $0Applicable income taxes
  • $300Income before extraordinary items
  • $625Extraordinary gains - net
  • $0Net income attributable to bank
  • $625Net charge-offs
  • $0Cash dividends
  • $337Sale, conversion, retirement of capital stock, net
  • $38Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.05%Cost of funding earning assets
  • 3.30%Net interest margin
  • 4.74%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 3.38%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 1.59%Return on equity (ROE)
  • 8.05%Retained earnings to average equity (YTD only)
  • 3.71%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 66,183Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.92%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 133.45%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.89%Net loans and leases to deposits
  • 61.03%Net loans and leases to core deposits
  • 64.90%Equity capital to assets
  • 12.88%Core capital (leverage) ratio
  • 13.12%Tier 1 risk-based capital ratio
  • 23.18%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $58,055Average earning assets
  • $7,765Average equity
  • $55,288Average loans

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