F&M Bank-Broadway in Broadway, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 20, 1995

F&M Bank-Broadway in Broadway, Virginia (VA)
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F&M Bank-Broadway - Overview

General
FDIC Certificate #: 6824
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F&M Bank-Massanutten (#22035)
Federal Reserve ID: 810825
Date Established: March 12, 1903
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 11739
FDIC's unique #: 4587
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: January 20, 1995
Last Structure Change Process Date: Febuary 02, 1995
Last Data Update: Febuary 02, 1995
Data Source Date: April 05, 2012
Location
Address: 153 North Main Street, Broadway, VA 22815
County: Rockingham
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): Harrisonburg, VA (#25500)
CBSA Metro Statistical Area: Harrisonburg, VA (#25500)
Financial Summary
Total assets: $62.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$62,619Cash and due from depository institutions
$1,966Interest-bearing balances
$0Securities
$32,801Federal funds sold & reverse repurchase agreements
$1,095Net loans & leases
$25,381Loan loss allowance
$314Trading account assets
$0Bank premises and fixed assets
$229Other real estate owned
$21Goodwill and other intangibles
$1,126Life insurance assets
$0All other assets
$0Total liabilities and capital
$62,619Total liabilities
$54,236Total deposits
$53,515Interest-bearing deposits
$47,289Deposits held in domestic offices
53515.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$475Subordinated debt
$0All other liabilities
$246Total equity capital
$246Total bank equity capital
$8,383Perpetual preferred stock
$0Common stock
$800Surplus
$800Undivided profits
Memoranda
$6,783Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$98Income earned, not collected on loans
$178Earning assets
$59,277Long-term assets (5+ years)
$4,392Average Assets, year-to-date
$63,670Average Assets, quarterly
$63,172Volatile liabilities
$1,527Insider loans
$541FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,546Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,857Total risk weighted assets
$30,350Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,551Total interest expense
$1,797Net interest income
$2,754Provision for loan and lease losses
$23Total noninterest income
$204Fiduciary activities
$0Service charges on deposit accounts
$131Trading account gains & fees
$0Additional noninterest income
$73Total noninterest expense
$1,444Salaries and employee benefits
$757Premises and equipment expense
$92Additional noninterest expense
$595Pre-tax net operating income
$1,491Securities gains (losses)
$5Applicable income taxes
$517Income before extraordinary items
$979Extraordinary gains - net
$0Net income attributable to bank
$979Net charge-offs
$51Cash dividends
$540Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.53%Cost of funding earning assets
2.97%Net interest margin
4.55%Noninterest income to earning assets
0.34%Noninterest expense to earning assets
2.39%Net operating income to assets
1.53%Return on assets (ROA)
1.54%Pretax return on assets
2.35%Return on equity (ROE)
11.70%Retained earnings to average equity (YTD only)
5.25%Net charge-offs to loans
0.20%Credit loss provision to net charge-offs
45.10%Efficiency ratio
48,817Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.16%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
320.41%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.38%Net loans and leases to deposits
47.43%Net loans and leases to core deposits
48.82%Equity capital to assets
13.39%Core capital (leverage) ratio
13.97%Tier 1 risk-based capital ratio
29.18%Total risk-based capital ratio
Memoranda
$30Average assets
$63,670Average earning assets
$8,365Average equity
$60,477Average loans

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