F&M Bank in Washington, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • F&M Bank in Washington, Georgia (GA)
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F&M Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 60Total employees (full-time equivalent)
  • $305,811Total assets
  • $13,892Cash and due from depository institutions
  • $177Interest-bearing balances
  • $126,521Securities
  • $3,430Federal funds sold & reverse repurchase agreements
  • $139,319Net loans & leases
  • $4,586Loan loss allowance
  • $0Trading account assets
  • $5,239Bank premises and fixed assets
  • $6,391Other real estate owned
  • $0Goodwill and other intangibles
  • $305,811Life insurance assets
  • $11,019All other assets
  • $264,449Total liabilities and capital
  • $252,786Total liabilities
  • $228,343Total deposits
  • $252,786Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $6,663Subordinated debt
  • $41,362All other liabilities
  • $41,362Total equity capital
  • $41,362Total bank equity capital
  • $0Perpetual preferred stock
  • $2,992Common stock
  • $6,008Surplus
  • $32,362Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,337Income earned, not collected on loans
  • $0Earning assets
  • $1,623Long-term assets (5+ years)
  • $269,447Average Assets, year-to-date
  • $102,311Average Assets, quarterly
  • $316,137Volatile liabilities
  • $310,300Insider loans
  • $187,822FHLB advances
  • $310,744Loans and leases held for sale
  • $7,188Unused loan commitments
  • $7,188Tier 1 (core) risk-based capital
  • $39,394Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,705Restructured Loans and leases
  • $1,682Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,982Total interest income
  • $5,196Total interest expense
  • $8,786Net interest income
  • $1,730Provision for loan and lease losses
  • $1,046Total noninterest income
  • $0Fiduciary activities
  • $1,055Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$9Additional noninterest income
  • $7,418Total noninterest expense
  • $3,720Salaries and employee benefits
  • $642Premises and equipment expense
  • $3,056Additional noninterest expense
  • $684Pre-tax net operating income
  • $0Securities gains (losses)
  • -$211Applicable income taxes
  • $895Income before extraordinary items
  • $0Extraordinary gains - net
  • $895Net income attributable to bank
  • $0Net charge-offs
  • $895Cash dividends
  • $1,588Sale, conversion, retirement of capital stock, net
  • $89Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.86%Cost of funding earning assets
  • 3.14%Net interest margin
  • 0.37%Noninterest income to earning assets
  • 2.65%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 2.23%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 1.04%Net charge-offs to loans
  • 108.94%Credit loss provision to net charge-offs
  • 1.52%Efficiency ratio
  • 75,448Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.94%Loss allowance to loans
  • 3.19%Loss allowance to noncurrent loans
  • 55.01%Noncurrent assets plus other real estate owned to assets
  • 4.82%Noncurrent loans to loans
  • 5.79%Net loans and leases to deposits
  • 55.11%Net loans and leases to core deposits
  • 63.69%Equity capital to assets
  • 13.53%Core capital (leverage) ratio
  • 12.68%Tier 1 risk-based capital ratio
  • 20.97%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $316,137Average earning assets
  • $40,049Average equity
  • $279,843Average loans

List of branches

  • 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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