F&M Bank in Spokane Valley, Washington (WA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2007

  • F&M Bank in Spokane Valley, Washington (WA)
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F&M Bank - Overview

  • General
  • FDIC Certificate #: 13375
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Banner Bank (#28489)
    Federal Reserve ID: 496171
    Date Established: November 28, 1906
    WWW: http://www.e-fmbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 17 (Interstate: No)
    OTS Docket #: 13448
    FDIC's unique #: 8427
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 01, 2007
    Last Structure Change Process Date: May 25, 2007
    Last Data Update: May 25, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 10808 East Sprague Ave., Spokane Valley, WA 99206
    County: Spokane
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Seattle
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Spokane, WA (#7840)
    Core Based Statistical Area (CBSA): Spokane, WA (#44060)
    CBSA Metro Statistical Area: Spokane, WA (#44060)
  • Financial Summary
  • Total assets: $421.9 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, 2006)

  • Dollar figures in thousands
  • 140Total employees (full-time equivalent)
  • $415,002Total assets
  • $14,243Cash and due from depository institutions
  • $2,510Interest-bearing balances
  • $11,004Securities
  • $167Federal funds sold & reverse repurchase agreements
  • $366,575Net loans & leases
  • $3,704Loan loss allowance
  • $0Trading account assets
  • $9,673Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $8,286Life insurance assets
  • $13,340All other assets
  • $415,002Total liabilities and capital
  • $377,243Total liabilities
  • $339,976Total deposits
  • $286,009Interest-bearing deposits
  • $339,976Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,725Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,678Other borrowed funds
  • $0Subordinated debt
  • $5,864All other liabilities
  • $37,759Total equity capital
  • $37,759Total bank equity capital
  • $37,759Perpetual preferred stock
  • $0Common stock
  • $2,044Surplus
  • $13,231Undivided profits
  • Memoranda
  • $22,484Noncurrent loans and leases
  • $104,455Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,622Earning assets
  • $524Long-term assets (5+ years)
  • $2,165Average Assets, year-to-date
  • $380,256Average Assets, quarterly
  • $33,898Volatile liabilities
  • $390,736Insider loans
  • $410,282FHLB advances
  • $97,997Loans and leases held for sale
  • $68Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $22,094Tier 2 risk-based capital
  • $150Total risk weighted assets
  • $104,455Total unused commitments
  • $0Restructured Loans and leases
  • $3,720Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $27,497Total interest income
  • $10,850Total interest expense
  • $16,647Net interest income
  • $774Provision for loan and lease losses
  • $4,078Total noninterest income
  • $0Fiduciary activities
  • $2,056Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,022Additional noninterest income
  • $15,198Total noninterest expense
  • $8,125Salaries and employee benefits
  • $2,634Premises and equipment expense
  • $4,439Additional noninterest expense
  • $4,753Pre-tax net operating income
  • $5Securities gains (losses)
  • $1,569Applicable income taxes
  • $3,189Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,189Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $200Sale, conversion, retirement of capital stock, net
  • $1,790Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.71%Yield on earning assets
  • 3.04%Cost of funding earning assets
  • 4.67%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 4.26%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.50%Return on equity (ROE)
  • 3.73%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 387.00%Credit loss provision to net charge-offs
  • 27.64%Efficiency ratio
  • 73,332Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.13%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 228.36%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 107.82%Net loans and leases to core deposits
  • 134.09%Equity capital to assets
  • 9.10%Core capital (leverage) ratio
  • 9.28%Tier 1 risk-based capital ratio
  • 9.61%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $390,736Average earning assets
  • $37,530Average equity
  • $356,504Average loans

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