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

This bank is inactive as of March 16, 2002

  • F & M Bank - Northern Virginia in Fairfax, Virginia (VA)
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F & M Bank - Northern Virginia - Overview

  • General
  • FDIC Certificate #: 25865
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 163923
    Date Established: Febuary 04, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 31 (Interstate: No)
    OTS Docket #: 14229
    FDIC's unique #: 32105
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 04, 1985
    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: 4117 Chain Bridge Road, Fairfax, VA 22030
    County: Fairfax 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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $979.7 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
  • 319Total employees (full-time equivalent)
  • $979,747Total assets
  • $56,122Cash and due from depository institutions
  • $0Interest-bearing balances
  • $206,687Securities
  • $162,146Federal funds sold & reverse repurchase agreements
  • $523,774Net loans & leases
  • $8,116Loan loss allowance
  • $0Trading account assets
  • $18,146Bank premises and fixed assets
  • $1,799Other real estate owned
  • $356Goodwill and other intangibles
  • $0Life insurance assets
  • $10,717All other assets
  • $979,747Total liabilities and capital
  • $909,444Total liabilities
  • $810,641Total deposits
  • $637,247Interest-bearing deposits
  • $810,641Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $95,025Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $630Other borrowed funds
  • $0Subordinated debt
  • $3,148All other liabilities
  • $70,303Total equity capital
  • $70,303Total bank equity capital
  • $70,303Perpetual preferred stock
  • $0Common stock
  • $12,184Surplus
  • $29,674Undivided profits
  • Memoranda
  • $28,445Noncurrent loans and leases
  • $89,719Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $698Earning assets
  • $0Long-term assets (5+ years)
  • $4,280Average Assets, year-to-date
  • $892,607Average Assets, quarterly
  • $117,820Volatile liabilities
  • $941,320Insider loans
  • $971,207FHLB advances
  • $182,936Loans and leases held for sale
  • $9,514Unused loan commitments
  • $630Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $50,474Total risk weighted assets
  • $89,719Total unused commitments
  • $0Restructured Loans and leases
  • $7,231Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $56,502Total interest income
  • $19,937Total interest expense
  • $36,565Net interest income
  • $3,373Provision for loan and lease losses
  • $13,182Total noninterest income
  • $0Fiduciary activities
  • $5,514Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,668Additional noninterest income
  • $40,506Total noninterest expense
  • $21,087Salaries and employee benefits
  • $7,554Premises and equipment expense
  • $11,865Additional noninterest expense
  • $5,868Pre-tax net operating income
  • $678Securities gains (losses)
  • $2,266Applicable income taxes
  • $4,280Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,280Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $863Sale, conversion, retirement of capital stock, net
  • $3,800Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.59%Yield on earning assets
  • 2.32%Cost of funding earning assets
  • 4.26%Net interest margin
  • 1.54%Noninterest income to earning assets
  • 4.72%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 6.30%Return on equity (ROE)
  • 0.71%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 390.85%Credit loss provision to net charge-offs
  • 10.71%Efficiency ratio
  • 80,700Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.79%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 1162.75%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 64.61%Net loans and leases to core deposits
  • 72.47%Equity capital to assets
  • 7.18%Core capital (leverage) ratio
  • 7.00%Tier 1 risk-based capital ratio
  • 11.51%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $941,320Average earning assets
  • $67,929Average equity
  • $857,848Average loans

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