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

This bank is inactive as of March 16, 2002

F & M Bank-Richmond in Richmond, Virginia (VA)
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F & M Bank-Richmond - Overview

General
FDIC Certificate #: 22390
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 108522
Date Established: January 03, 1977
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 15 (Interstate: No)
FDIC's unique #: 15591
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 03, 1977
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: 9401 West Broad Street, Richmond, VA 23294
County: Henrico
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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $298.4 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
105Total employees (full-time equivalent)
$298,375Total assets
$13,525Cash and due from depository institutions
$0Interest-bearing balances
$14,629Securities
$54,154Federal funds sold & reverse repurchase agreements
$203,530Net loans & leases
$4,944Loan loss allowance
$0Trading account assets
$9,163Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,374All other assets
$298,375Total liabilities and capital
$273,458Total liabilities
$263,857Total deposits
$234,913Interest-bearing deposits
$263,857Deposits held in domestic offices
0.00%% insured (estimated)
$9,152Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$449All other liabilities
$24,917Total equity capital
$24,917Total bank equity capital
$24,917Perpetual preferred stock
$0Common stock
$2,850Surplus
$9,476Undivided profits
Memoranda
$12,591Noncurrent loans and leases
$41,647Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$26Earning assets
$0Long-term assets (5+ years)
$1,067Average Assets, year-to-date
$272,313Average Assets, quarterly
$17,854Volatile liabilities
$296,858Insider loans
$298,159FHLB advances
$48,669Loans and leases held for sale
$3,728Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$41,647Total unused commitments
$0Restructured Loans and leases
$2,882Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$20,228Total interest income
$9,140Total interest expense
$11,088Net interest income
$2,810Provision for loan and lease losses
$2,100Total noninterest income
$0Fiduciary activities
$1,475Service charges on deposit accounts
$0Trading account gains & fees
$625Additional noninterest income
$8,821Total noninterest expense
$4,641Salaries and employee benefits
$1,897Premises and equipment expense
$2,283Additional noninterest expense
$1,557Pre-tax net operating income
$36Securities gains (losses)
$560Applicable income taxes
$1,033Income before extraordinary items
$0Extraordinary gains - net
$1,033Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$1,400Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.44%Yield on earning assets
3.36%Cost of funding earning assets
4.08%Net interest margin
0.77%Noninterest income to earning assets
3.24%Noninterest expense to earning assets
0.34%Net operating income to assets
0.35%Return on assets (ROA)
0.54%Pretax return on assets
4.16%Return on equity (ROE)
-1.48%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
56200.00%Credit loss provision to net charge-offs
873.40%Efficiency ratio
66,887Assets per employee
2.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
135.53%Loss allowance to loans
2.37%Loss allowance to noncurrent loans
19015.38%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
77.14%Net loans and leases to core deposits
90.72%Equity capital to assets
8.35%Core capital (leverage) ratio
8.29%Tier 1 risk-based capital ratio
10.74%Total risk-based capital ratio
Memoranda
$12Average assets
$296,858Average earning assets
$24,842Average equity
$271,871Average loans

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