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

This bank is inactive as of March 16, 2002

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

F & M Bank-Richmond - Overview

  • General
  • FDIC Certificate #: 22390
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 108522
    Date Established: January 03, 1977
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 15591
    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 03, 1977
    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: 9401 West Broad Street, Richmond, VA 23294
    County: Henrico
    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): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • Financial Summary
  • Total assets: $298.4 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
  • 105Total employees (full-time equivalent)
  • $298,375Total assets
  • $13,525Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,629Securities
  • $54,154Federal funds sold & reverse repurchase agreements
  • $203,530Net loans & leases
  • $4,944Loan loss allowance
  • $0Trading account assets
  • $9,163Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,374All other assets
  • $298,375Total liabilities and capital
  • $273,458Total liabilities
  • $263,857Total deposits
  • $234,913Interest-bearing deposits
  • $263,857Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $9,152Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $449All other liabilities
  • $24,917Total equity capital
  • $24,917Total bank equity capital
  • $24,917Perpetual preferred stock
  • $0Common stock
  • $2,850Surplus
  • $9,476Undivided profits
  • Memoranda
  • $12,591Noncurrent loans and leases
  • $41,647Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $26Earning assets
  • $0Long-term assets (5+ years)
  • $1,067Average Assets, year-to-date
  • $272,313Average Assets, quarterly
  • $17,854Volatile liabilities
  • $296,858Insider loans
  • $298,159FHLB advances
  • $48,669Loans and leases held for sale
  • $3,728Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $41,647Total unused commitments
  • $0Restructured Loans and leases
  • $2,882Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $20,228Total interest income
  • $9,140Total interest expense
  • $11,088Net interest income
  • $2,810Provision for loan and lease losses
  • $2,100Total noninterest income
  • $0Fiduciary activities
  • $1,475Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $8,821Total noninterest expense
  • $4,641Salaries and employee benefits
  • $1,897Premises and equipment expense
  • $2,283Additional noninterest expense
  • $1,557Pre-tax net operating income
  • $36Securities gains (losses)
  • $560Applicable income taxes
  • $1,033Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,033Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $1,400Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.44%Yield on earning assets
  • 3.36%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 4.16%Return on equity (ROE)
  • -1.48%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 56200.00%Credit loss provision to net charge-offs
  • 873.40%Efficiency ratio
  • 66,887Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 135.53%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 19015.38%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 77.14%Net loans and leases to core deposits
  • 90.72%Equity capital to assets
  • 8.35%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 10.74%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $296,858Average earning assets
  • $24,842Average equity
  • $271,871Average loans

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