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- Banks in Virginia (VA)
- F&M Bank-Massanutten
F&M Bank-Massanutten in Harrisonburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of March 16, 2002
- F&M Bank-Massanutten in Harrisonburg, Virginia (VA)
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F&M Bank-Massanutten - Overview
- General
- FDIC Certificate #: 22035
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 91521
Date Established: June 09, 1975
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 10 (Interstate: No)
OTS Docket #: 11717
FDIC's unique #: 15289
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: June 09, 1975
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: 1855 East Market Street, Harrisonburg, VA 22801
County: Harrisonburg 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
Core Based Statistical Area (CBSA): Harrisonburg, VA (#25500)
CBSA Metro Statistical Area: Harrisonburg, VA (#25500) - Financial Summary
- Total assets: $277.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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)
- $277,786Total assets
- $6,703Cash and due from depository institutions
- $0Interest-bearing balances
- $21,525Securities
- $27,847Federal funds sold & reverse repurchase agreements
- $211,169Net loans & leases
- $994Loan loss allowance
- $0Trading account assets
- $4,032Bank premises and fixed assets
- $85Other real estate owned
- $1,167Goodwill and other intangibles
- $0Life insurance assets
- $5,258All other assets
- $277,786Total liabilities and capital
- $254,586Total liabilities
- $234,267Total deposits
- $213,193Interest-bearing deposits
- $234,267Deposits held in domestic offices
- 0.00%% insured (estimated)
- $3,292Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $15,750Other borrowed funds
- $0Subordinated debt
- $1,277All other liabilities
- $23,200Total equity capital
- $23,200Total bank equity capital
- $23,200Perpetual preferred stock
- $0Common stock
- $2,029Surplus
- $1,484Undivided profits
- Memoranda
- $19,687Noncurrent loans and leases
- $14,451Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $3,739Earning assets
- $0Long-term assets (5+ years)
- $2,487Average Assets, year-to-date
- $260,541Average Assets, quarterly
- $48,412Volatile liabilities
- $279,208Insider loans
- $276,234FHLB advances
- $28,775Loans and leases held for sale
- $1,953Unused loan commitments
- $15,750Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $14,451Total unused commitments
- $0Restructured Loans and leases
- $994Derivatives
Income and Expense (December 31, 2001)
- Dollar figures in thousands
- $20,485Total interest income
- $10,687Total interest expense
- $9,798Net interest income
- $2,856Provision for loan and lease losses
- $1,582Total noninterest income
- $0Fiduciary activities
- $1,171Service charges on deposit accounts
- $0Trading account gains & fees
- $411Additional noninterest income
- $7,032Total noninterest expense
- $2,993Salaries and employee benefits
- $1,375Premises and equipment expense
- $2,664Additional noninterest expense
- $1,492Pre-tax net operating income
- $213Securities gains (losses)
- $549Applicable income taxes
- $1,156Income before extraordinary items
- $0Extraordinary gains - net
- $1,156Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $4,699Sale, conversion, retirement of capital stock, net
- $1,080Net operating income
Performance and Condition Ratios (December 31, 2001)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.85%Yield on earning assets
- 4.10%Cost of funding earning assets
- 3.75%Net interest margin
- 0.61%Noninterest income to earning assets
- 2.69%Noninterest expense to earning assets
- 0.36%Net operating income to assets
- 0.41%Return on assets (ROA)
- 0.61%Pretax return on assets
- 5.05%Return on equity (ROE)
- 0.33%Retained earnings to average equity (YTD only)
- 2.18%Net charge-offs to loans
- 60.78%Credit loss provision to net charge-offs
- 0.93%Efficiency ratio
- 61,046Assets per employee
- 3.05%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 93.43%Loss allowance to loans
- 0.47%Loss allowance to noncurrent loans
- 26.58%Noncurrent assets plus other real estate owned to assets
- 1.38%Noncurrent loans to loans
- 1.76%Net loans and leases to deposits
- 90.14%Net loans and leases to core deposits
- 101.14%Equity capital to assets
- 8.35%Core capital (leverage) ratio
- 7.80%Tier 1 risk-based capital ratio
- 10.98%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $279,208Average earning assets
- $22,909Average equity
- $260,937Average loans
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- Banks in Virginia (VA)
- F&M Bank-Massanutten
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