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)
  • Show street view No street view available for this location

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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