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- Banks in Virginia (VA)
- F & M Bank-Potomac
F & M Bank-Potomac in Herndon, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of August 09, 1996
- F & M Bank-Potomac in Herndon, Virginia (VA)
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F & M Bank-Potomac - Overview
- General
- FDIC Certificate #: 27357
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F & M Bank - Northern Virginia (#25865)
Federal Reserve ID: 1218576
Date Established: October 11, 1988
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 39631
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: October 11, 1988
Last Structure Change Effective Date: August 09, 1996
Last Structure Change Process Date: August 23, 1996
Last Data Update: August 23, 1996
Data Source Date: April 05, 2012 - Location
- Address: 230 Herndon Parkway, Herndon, VA 22070
County: Fairfax
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: $62.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $25Total assets
- $61,919Cash and due from depository institutions
- $1,783Interest-bearing balances
- $0Securities
- $20,143Federal funds sold & reverse repurchase agreements
- $6,175Net loans & leases
- $32,873Loan loss allowance
- $395Trading account assets
- $0Bank premises and fixed assets
- $322Other real estate owned
- $0Goodwill and other intangibles
- $623Life insurance assets
- $0All other assets
- $0Total liabilities and capital
- $61,919Total liabilities
- $53,944Total deposits
- $53,862Interest-bearing deposits
- $46,324Deposits held in domestic offices
- 53862.00%% insured (estimated)
- $88Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $82Total equity capital
- $82Total bank equity capital
- $7,975Perpetual preferred stock
- $0Common stock
- $3,269Surplus
- $3,269Undivided profits
- Memoranda
- $1,437Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $296Income earned, not collected on loans
- $220Earning assets
- $59,191Long-term assets (5+ years)
- $2,728Average Assets, year-to-date
- $58,055Average Assets, quarterly
- $59,771Volatile liabilities
- $3,214Insider loans
- $2,035FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $5,093Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $7,974Total risk weighted assets
- $34,397Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1995)
- Dollar figures in thousands
- $0Total interest income
- $4,449Total interest expense
- $1,827Net interest income
- $2,622Provision for loan and lease losses
- $30Total noninterest income
- $202Fiduciary activities
- $0Service charges on deposit accounts
- $134Trading account gains & fees
- $0Additional noninterest income
- $68Total noninterest expense
- $1,869Salaries and employee benefits
- $915Premises and equipment expense
- $334Additional noninterest expense
- $620Pre-tax net operating income
- $925Securities gains (losses)
- $0Applicable income taxes
- $300Income before extraordinary items
- $625Extraordinary gains - net
- $0Net income attributable to bank
- $625Net charge-offs
- $0Cash dividends
- $337Sale, conversion, retirement of capital stock, net
- $38Net operating income
Performance and Condition Ratios (December 31, 1995)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.05%Cost of funding earning assets
- 3.30%Net interest margin
- 4.74%Noninterest income to earning assets
- 0.37%Noninterest expense to earning assets
- 3.38%Net operating income to assets
- 1.08%Return on assets (ROA)
- 1.08%Pretax return on assets
- 1.59%Return on equity (ROE)
- 8.05%Retained earnings to average equity (YTD only)
- 3.71%Net charge-offs to loans
- 0.00%Credit loss provision to net charge-offs
- 0.00%Efficiency ratio
- 66,183Assets per employee
- 2.48%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 53.92%Loss allowance to loans
- 1.19%Loss allowance to noncurrent loans
- 133.45%Noncurrent assets plus other real estate owned to assets
- 0.48%Noncurrent loans to loans
- 0.89%Net loans and leases to deposits
- 61.03%Net loans and leases to core deposits
- 64.90%Equity capital to assets
- 12.88%Core capital (leverage) ratio
- 13.12%Tier 1 risk-based capital ratio
- 23.18%Total risk-based capital ratio
- Memoranda
- $24Average assets
- $58,055Average earning assets
- $7,765Average equity
- $55,288Average loans
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- Banks in Virginia (VA)
- F & M Bank-Potomac
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