F & M Bank/Central Virginia in Charlottesville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 16, 2002

  • F & M Bank/Central Virginia in Charlottesville, Virginia (VA)
  • Show street view No street view available for this location

F & M Bank/Central Virginia - Overview

  • General
  • FDIC Certificate #: 21205
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 926025
    Date Established: September 04, 1973
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 14664
    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: September 04, 1973
    Last Structure Change Effective Date: March 16, 2002
    Last Structure Change Process Date: April 26, 2002
    Last Data Update: April 26, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1425 Seminole Trail, Charlottesville, VA 22901
    County: Albemarle
    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
    Metropolitan Statistical Area (MSA): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • Financial Summary
  • Total assets: $216.5 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, 2001)

  • Dollar figures in thousands
  • 91Total employees (full-time equivalent)
  • $216,505Total assets
  • $8,160Cash and due from depository institutions
  • $0Interest-bearing balances
  • $53,134Securities
  • $92,104Federal funds sold & reverse repurchase agreements
  • $47,573Net loans & leases
  • $1,052Loan loss allowance
  • $0Trading account assets
  • $5,689Bank premises and fixed assets
  • $0Other real estate owned
  • $8,083Goodwill and other intangibles
  • $0Life insurance assets
  • $1,762All other assets
  • $216,505Total liabilities and capital
  • $194,899Total liabilities
  • $188,314Total deposits
  • $151,098Interest-bearing deposits
  • $188,314Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,154Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,431All other liabilities
  • $21,606Total equity capital
  • $21,606Total bank equity capital
  • $21,606Perpetual preferred stock
  • $0Common stock
  • $1,881Surplus
  • $10,843Undivided profits
  • Memoranda
  • $8,882Noncurrent loans and leases
  • $4,508Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $202Earning assets
  • $0Long-term assets (5+ years)
  • $1,177Average Assets, year-to-date
  • $192,811Average Assets, quarterly
  • $7,094Volatile liabilities
  • $223,222Insider loans
  • $216,294FHLB advances
  • $17,531Loans and leases held for sale
  • $2,382Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,508Total unused commitments
  • $0Restructured Loans and leases
  • $1,005Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $12,736Total interest income
  • $5,871Total interest expense
  • $6,865Net interest income
  • $645Provision for loan and lease losses
  • $2,114Total noninterest income
  • $0Fiduciary activities
  • $1,271Service charges on deposit accounts
  • $0Trading account gains & fees
  • $843Additional noninterest income
  • $7,333Total noninterest expense
  • $3,002Salaries and employee benefits
  • $881Premises and equipment expense
  • $3,450Additional noninterest expense
  • $1,001Pre-tax net operating income
  • $1,718Securities gains (losses)
  • $925Applicable income taxes
  • $1,794Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,794Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $177Sale, conversion, retirement of capital stock, net
  • $870Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.48%Yield on earning assets
  • 2.99%Cost of funding earning assets
  • 3.49%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.30%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.47%Return on equity (ROE)
  • 4.36%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 364.41%Credit loss provision to net charge-offs
  • 9.30%Efficiency ratio
  • 75,086Assets per employee
  • 2.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.49%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 520.79%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.42%Net loans and leases to deposits
  • 25.26%Net loans and leases to core deposits
  • 27.04%Equity capital to assets
  • 9.98%Core capital (leverage) ratio
  • 5.98%Tier 1 risk-based capital ratio
  • 15.70%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $223,222Average earning assets
  • $21,181Average equity
  • $196,660Average loans

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