FDIC Certificate #: 23988 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:F & M Bank - Northern Virginia (#25865) Federal Reserve ID: 736626 Date Established: July 07, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9497 FDIC's unique #: 16729 Numeric code: 21 Regulator: FDIC 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: July 07, 1982 Last Structure Change Effective Date: June 01, 1998 Last Structure Change Process Date: June 11, 1998 Last Data Update: June 11, 1998 Data Source Date: April 05, 2012
Location
Address: 1717 King Street, Alexandria, VA 22314 County: Alexandria 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 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: $81.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
37Total employees (full-time equivalent)
$76,137Total assets
$6,439Cash and due from depository institutions
$3,827Interest-bearing balances
$6,202Securities
$0Federal funds sold & reverse repurchase agreements
$57,721Net loans & leases
$473Loan loss allowance
$0Trading account assets
$2,196Bank premises and fixed assets
$2,433Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,146All other assets
$76,137Total liabilities and capital
$68,248Total liabilities
$67,628Total deposits
$53,993Interest-bearing deposits
$67,628Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$620All other liabilities
$7,889Total equity capital
$7,889Total bank equity capital
$7,889Perpetual preferred stock
$0Common stock
$3,433Surplus
$3,605Undivided profits
Memoranda
$851Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$798Earning assets
$0Long-term assets (5+ years)
$486Average Assets, year-to-date
$67,750Average Assets, quarterly
$4,378Volatile liabilities
$75,253Insider loans
$75,063FHLB advances
$6,518Loans and leases held for sale
$1,824Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,636Total unused commitments
$0Restructured Loans and leases
$59,465Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,230Total interest income
$2,557Total interest expense
$3,673Net interest income
$100Provision for loan and lease losses
$569Total noninterest income
$0Fiduciary activities
$260Service charges on deposit accounts
$0Trading account gains & fees
$309Additional noninterest income
$3,157Total noninterest expense
$1,554Salaries and employee benefits
$652Premises and equipment expense
$951Additional noninterest expense
$985Pre-tax net operating income
$0Securities gains (losses)
$338Applicable income taxes
$647Income before extraordinary items
$0Extraordinary gains - net
$647Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$173Sale, conversion, retirement of capital stock, net
$3Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.26%Yield on earning assets
3.80%Cost of funding earning assets
5.46%Net interest margin
0.85%Noninterest income to earning assets
4.69%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
1.31%Pretax return on assets
8.60%Return on equity (ROE)
8.56%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
57.80%Credit loss provision to net charge-offs
6.27%Efficiency ratio
74,422Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.46%Loss allowance to loans
0.81%Loss allowance to noncurrent loans
59.27%Noncurrent assets plus other real estate owned to assets
4.24%Noncurrent loans to loans
1.37%Net loans and leases to deposits
85.35%Net loans and leases to core deposits
94.45%Equity capital to assets
10.36%Core capital (leverage) ratio
10.62%Tier 1 risk-based capital ratio
13.20%Total risk-based capital ratio
Memoranda
$14Average assets
$75,253Average earning assets
$7,525Average equity
$67,304Average loans
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