Farmers & Merchants Bank of Craig County - Overview
General
FDIC Certificate #: 9986 Status: Active Federal Reserve ID: 804422 Date Established: May 02, 1917 WWW:http://www.fmbankcraig.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 6381 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 26, 2008 Last Structure Change Process Date: July 08, 2008 Last Data Update: July 08, 2008 Data Source Date: April 05, 2012
Location
Address: 306 Main Street, New Castle, VA 24127 County: Craig 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): Roanoke, VA (#40220) CBSA Metro Statistical Area: Roanoke, VA (#40220)
Financial Summary
Total assets: $52.4 mil Equity capital: $9.2 mil Deposits held in domestic offices: $43.1 mil Return on assets (ROA): 1.18% ($0.6 mil) Quarterly return on assets: 0.95% ($0.5 mil) Return on Equity (ROE): 6.88% ($0.6 mil) Quarterly return on equity: 5.41% ($0.5 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.79% ($937.9 mil) Quarterly Pretax return on assets: 1.42% ($744.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
17Total employees (full-time equivalent)
$52,395Total assets
$1,939Cash and due from depository institutions
$908Interest-bearing balances
$13,288Securities
$0Federal funds sold & reverse repurchase agreements
$35,953Net loans & leases
$499Loan loss allowance
$0Trading account assets
$442Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$52,395Life insurance assets
$773All other assets
$43,232Total liabilities and capital
$43,077Total liabilities
$37,138Total deposits
$43,077Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$155Subordinated debt
$9,163All other liabilities
$9,163Total equity capital
$9,163Total bank equity capital
$0Perpetual preferred stock
$1,050Common stock
$230Surplus
$7,883Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$128Income earned, not collected on loans
$0Earning assets
$386Long-term assets (5+ years)
$50,149Average Assets, year-to-date
$1,425Average Assets, quarterly
$51,690Volatile liabilities
$51,813Insider loans
$27,869FHLB advances
$51,873Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$9,163Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,305Restructured Loans and leases
$1,725Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,889Total interest income
$516Total interest expense
$2,373Net interest income
$46Provision for loan and lease losses
$84Total noninterest income
$0Fiduciary activities
$19Service charges on deposit accounts
$0Trading account gains & fees
$65Additional noninterest income
$1,486Total noninterest expense
$879Salaries and employee benefits
$94Premises and equipment expense
$513Additional noninterest expense
$925Pre-tax net operating income
$0Securities gains (losses)
$313Applicable income taxes
$612Income before extraordinary items
$0Extraordinary gains - net
$612Net income attributable to bank
$0Net charge-offs
$612Cash dividends
$42Sale, conversion, retirement of capital stock, net
$137Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
1.05%Cost of funding earning assets
4.81%Net interest margin
0.17%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.79%Pretax return on assets
6.88%Return on equity (ROE)
5.34%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
109.52%Credit loss provision to net charge-offs
23.12%Efficiency ratio
60,480Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.39%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
389.84%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.35%Net loans and leases to deposits
83.46%Net loans and leases to core deposits
83.46%Equity capital to assets
17.49%Core capital (leverage) ratio
17.66%Tier 1 risk-based capital ratio
32.88%Total risk-based capital ratio
Memoranda
$34Average assets
$51,690Average earning assets
$8,894Average equity
$49,345Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6381
Farmers & Merchants Bank Of Craig Co
306 Main Street, New Castle, VA 24127
May 02, 1917
Full Service Brick and Mortar
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