F&M Bank in Washington, Georgia (GA)



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F&M Bank routing number info

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F&M Bank
GeneralFDIC Certificate #: 16897
Status: Active
Federal Reserve ID: 510330
Bank Holding Company (Regulatory Top Holder): Washington/Wilkes Holding Company (RSSDID: 1137015, Location: Washington, GA)
Date Established: March 14, 1950
WWW: http://www.f-mwashington.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 10426
FDIC's unique #: 10984
Numeric code: 21
Regulator: FDIC
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: March 14, 1950
Last Structure Change Effective Date: November 18, 2010
Last Structure Change Process Date: November 18, 2010
Last Data Update: November 18, 2010
Data Source Date: April 05, 2012
LocationAddress: 911 East Robert Toombs Avenue, Washington, GA 30673
County: Wilkes
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Atlanta
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial SummaryTotal assets: $305.8 mil
Equity capital: $41.4 mil
Deposits held in domestic offices: $252.8 mil
Return on assets (ROA): 0.28% ($0.9 mil)
Quarterly return on assets: 0.18% ($0.6 mil)
Return on Equity (ROE): 2.23% ($0.9 mil)
Quarterly return on equity: 1.33% ($0.5 mil)
Net income: $0.9 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.22% ($672.8 mil)
Quarterly Pretax return on assets: -0.10% (-$305.8 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)
Total employees (full-time equivalent)60
Total assets$305,811
Cash and due from depository institutions$13,892
Interest-bearing balances$177
Securities$126,521
Federal funds sold & reverse repurchase agreements$3,430
Net loans & leases$139,319
Loan loss allowance $4,586
Trading account assets$0
Bank premises and fixed assets$5,239
Other real estate owned$6,391
Goodwill and other intangibles$0
All other assets$11,019
Life insurance assets$305,811
Total liabilities and capital$264,449
Total liabilities$252,786
Total deposits$228,343
Interest-bearing deposits$252,786
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $6,663
All other liabilities $41,362
Total equity capital$41,362
Total bank equity capital$41,362
Perpetual preferred stock$0
Common stock$2,992
Surplus$6,008
Undivided profits $32,362
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8,337
Earning assets $0
Long-term assets (5+ years) $1,623
Average Assets, year-to-date $269,447
Average Assets, quarterly $102,311
Volatile liabilities $316,137
Insider loans $310,300
FHLB advances $187,822
Loans and leases held for sale $310,744
Unused loan commitments $7,188
Tier 1 (core) risk-based capital $7,188
Tier 2 risk-based capital $39,394
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,705
Derivatives$1,682
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,982
Total interest expense $5,196
Net interest income $8,786
Provision for loan and lease losses $1,730
Total noninterest income $1,046
Fiduciary activities $0
Service charges on deposit accounts $1,055
Trading account gains & fees $0
Additional noninterest income -$9
Total noninterest expense $7,418
Salaries and employee benefits $3,720
Premises and equipment expense $642
Additional noninterest expense $3,056
Pre-tax net operating income $684
Securities gains (losses) $0
Applicable income taxes -$211
Income before extraordinary items $895
Extraordinary gains - net $0
Net income attributable to bank $895
Net charge-offs $0
Cash dividends $895
Sale, conversion, retirement of capital stock, net $1,588
Net operating income $89
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.00%
Cost of funding earning assets 1.86%
Net interest margin 3.14%
Noninterest income to earning assets 0.37%
Noninterest expense to earning assets 2.65%
Net operating income to assets 0.28%
Return on assets (ROA) 0.28%
Pretax return on assets 0.22%
Return on equity (ROE) 2.23%
Retained earnings to average equity (YTD only) 2.01%
Net charge-offs to loans 1.04%
Credit loss provision to net charge-offs 108.94%
Efficiency ratio1.52%
Assets per employee$75,448
Cash dividends to net income (YTD only)5.10%
Condition Ratios (%)
Loss allowance to loans 9.94%
Loss allowance to noncurrent loans 3.19%
Noncurrent assets plus other real estate owned to assets 55.01%
Noncurrent loans to loans 4.82%
Net loans and leases to deposits5.79%
Net loans and leases to core deposits 55.11%
Equity capital to assets 63.69%
Core capital (leverage) ratio 13.53%
Tier 1 risk-based capital ratio 12.68%
Total risk-based capital ratio 20.97%
Memoranda
Average assets$22
Average earning assets$316,137
Average equity $40,049
Average loans $279,843
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6 Georgia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010984F&M Bank911 East Robert Toombs Avenue, Washington, GA 30673March 14, 1950Full Service Brick and Mortar
1239505Tignall BranchHuling Avenue, Tignall, GA 30668May 25, 1977Full Service Brick and Mortar
2239506Downtown Branch201 East Robert Toombs Avenue, Washington, GA 30673Febuary 28, 1983Full Service Brick and Mortar
310794123 Broad Street Branch123 Broad Street, Crawfordville, GA 30631August 21, 1937Full Service Brick and Mortar
4239507Lincolnton Branch317 South Washington Street, Lincolnton, GA 30817April 21, 1997Full Service Brick and Mortar
5495466Martinez Branch3861 Evans To Locke Road, Martinez, GA 30907August 03, 2009Full Service Brick and Mortar
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