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- Banks in Virginia (VA)
- F&M Bank-Broadway
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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- Banks in Virginia (VA)
- F&M Bank-Broadway
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