Farmers & Merchants Bank in Timberville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers & Merchants Bank in Timberville, Virginia (VA)
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Farmers & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 8668
    Status: Active
    Federal Reserve ID: 713926
    Bank Holding Company (Regulatory Top Holder): F & M Bank Corp. (RSSDID: 1076495, Location: Timberville, VA)
    Date Established: January 01, 1908
    WWW: http://www.farmersandmerchants.biz
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 9825
    FDIC's unique #: 5526
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: June 03, 2010
    Last Data Update: June 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 S. Main St., Timberville, VA 22853
    County: Rockingham
    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)
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $566.0 mil
    Equity capital: $45.8 mil
    Deposits held in domestic offices: $436.0 mil
    Return on assets (ROA): 0.90% ($5.1 mil)
    Quarterly return on assets: 1.04% ($5.9 mil)
    Return on Equity (ROE): 11.23% ($5.2 mil)
    Quarterly return on equity: 12.87% ($5.9 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.5 mil
    Pretax return on assets: 1.29% ($7,301.7 mil)
    Quarterly Pretax return on assets: 1.41% ($7,980.9 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, 2011)

  • Dollar figures in thousands
  • 122Total employees (full-time equivalent)
  • $566,021Total assets
  • $7,563Cash and due from depository institutions
  • $750Interest-bearing balances
  • $13,235Securities
  • $2,181Federal funds sold & reverse repurchase agreements
  • $505,176Net loans & leases
  • $6,937Loan loss allowance
  • $0Trading account assets
  • $6,388Bank premises and fixed assets
  • $3,074Other real estate owned
  • $2,670Goodwill and other intangibles
  • $566,021Life insurance assets
  • $25,734All other assets
  • $520,245Total liabilities and capital
  • $435,971Total liabilities
  • $412,455Total deposits
  • $435,971Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 3539.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $62,107Trading liabilities
  • $10,191Other borrowed funds
  • $8,437Subordinated debt
  • $45,776All other liabilities
  • $45,776Total equity capital
  • $45,776Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $18,971Surplus
  • $26,305Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $60,543Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,775Income earned, not collected on loans
  • $0Earning assets
  • $1,816Long-term assets (5+ years)
  • $521,342Average Assets, year-to-date
  • $73,615Average Assets, quarterly
  • $553,690Volatile liabilities
  • $566,153Insider loans
  • $430,728FHLB advances
  • $564,555Loans and leases held for sale
  • $7,179Unused loan commitments
  • $7,179Tier 1 (core) risk-based capital
  • $45,159Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $100,973Restructured Loans and leases
  • $9,112Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,627Total interest income
  • $7,579Total interest expense
  • $20,048Net interest income
  • $4,000Provision for loan and lease losses
  • $3,200Total noninterest income
  • $0Fiduciary activities
  • $1,103Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,097Additional noninterest income
  • $12,675Total noninterest expense
  • $7,328Salaries and employee benefits
  • $1,137Premises and equipment expense
  • $4,210Additional noninterest expense
  • $6,573Pre-tax net operating income
  • $557Securities gains (losses)
  • $2,127Applicable income taxes
  • $5,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,003Net income attributable to bank
  • $0Net charge-offs
  • $5,003Cash dividends
  • $2,849Sale, conversion, retirement of capital stock, net
  • $930Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.48%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.48%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 11.23%Return on equity (ROE)
  • 9.14%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 140.40%Credit loss provision to net charge-offs
  • 3.71%Efficiency ratio
  • 54,323Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.59%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 46.95%Noncurrent assets plus other real estate owned to assets
  • 3.15%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 115.87%Net loans and leases to core deposits
  • 123.12%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 8.00%Tier 1 risk-based capital ratio
  • 10.48%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $553,690Average earning assets
  • $44,555Average equity
  • $511,150Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 9 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05526Farmers & Merchants Bank205 S. Main St., Timberville, VA 22853January 01, 1908Full Service Brick and Mortar
    1218824Elkton Branch127 Rockingham Street, Elkton, VA 22827May 21, 1973Full Service Brick and Mortar
    2218825Broadway Avenue BranchSt. Hwy 259 & St. Hwy 259 Alternate, Broadway, VA 22815October 09, 1979Full Service Brick and Mortar
    4218827Bridgewater Branch100 Plaza Drive, Bridgewater, VA 22812March 13, 1995Full Service Brick and Mortar
    56105Edinburg Branch120 South Main Street, Edinburg, VA 22824October 06, 1905Full Service Brick and Mortar
    6220288Woodstock Branch161 South Main Street, Woodstock, VA 22664December 08, 1969Full Service Brick and Mortar
    7453973Port Road Branch1085 Port Republic Road, Harrisonburg, VA 22801April 03, 2006Full Service Brick and Mortar
    8466117Crossroads Branch80 Cross Keys Road, Harrisonburg, VA 22801August 28, 2006Full Service Brick and Mortar
    9466118Luray Branch700 East Main Street, Luray, VA 22835July 05, 2006Full Service Brick and Mortar

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