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

This bank is inactive as of March 16, 2002

  • F&M Bank-Emporia in Emporia, Virginia (VA)
  • Show street view No street view available for this location

F&M Bank-Emporia - Overview

  • General
  • FDIC Certificate #: 6838
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 361121
    Date Established: March 23, 1907
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    OTS Docket #: 15803
    FDIC's unique #: 4598
    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: March 16, 2002
    Last Structure Change Process Date: April 29, 2002
    Last Data Update: April 29, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 Halifax Street, Emporia, VA 23847
    County: Emporia City
    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
  • Financial Summary
  • Total assets: $92.7 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
  • 29Total employees (full-time equivalent)
  • $92,736Total assets
  • $4,898Cash and due from depository institutions
  • $0Interest-bearing balances
  • $25,276Securities
  • $37,677Federal funds sold & reverse repurchase agreements
  • $15,479Net loans & leases
  • $325Loan loss allowance
  • $0Trading account assets
  • $3,820Bank premises and fixed assets
  • $0Other real estate owned
  • $4,295Goodwill and other intangibles
  • $0Life insurance assets
  • $1,291All other assets
  • $92,736Total liabilities and capital
  • $74,733Total liabilities
  • $74,266Total deposits
  • $66,877Interest-bearing deposits
  • $74,266Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $467All other liabilities
  • $18,003Total equity capital
  • $18,003Total bank equity capital
  • $18,003Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $8,400Undivided profits
  • Memoranda
  • $7,603Noncurrent loans and leases
  • $2,841Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $179Earning assets
  • $0Long-term assets (5+ years)
  • $580Average Assets, year-to-date
  • $78,432Average Assets, quarterly
  • $1,451Volatile liabilities
  • $148,599Insider loans
  • $121,621FHLB advances
  • $5,923Loans and leases held for sale
  • $40Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,841Total unused commitments
  • $0Restructured Loans and leases
  • $325Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $9,298Total interest income
  • $5,520Total interest expense
  • $3,778Net interest income
  • $288Provision for loan and lease losses
  • $3,444Total noninterest income
  • $0Fiduciary activities
  • $831Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,613Additional noninterest income
  • $6,635Total noninterest expense
  • $1,641Salaries and employee benefits
  • $509Premises and equipment expense
  • $4,485Additional noninterest expense
  • $299Pre-tax net operating income
  • $996Securities gains (losses)
  • $440Applicable income taxes
  • $855Income before extraordinary items
  • $0Extraordinary gains - net
  • $855Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $434Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.09%Yield on earning assets
  • 4.21%Cost of funding earning assets
  • 2.88%Net interest margin
  • 2.63%Noninterest income to earning assets
  • 5.06%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • 2.28%Retained earnings to average equity (YTD only)
  • 1.14%Net charge-offs to loans
  • 66.36%Credit loss provision to net charge-offs
  • 1.35%Efficiency ratio
  • 46,912Assets per employee
  • 3.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.63%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 181.56%Noncurrent assets plus other real estate owned to assets
  • 0.19%Noncurrent loans to loans
  • 1.13%Net loans and leases to deposits
  • 20.84%Net loans and leases to core deposits
  • 22.65%Equity capital to assets
  • 19.41%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 39.71%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $148,599Average earning assets
  • $17,760Average equity
  • $131,070Average loans

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