Farmers & Merchants Bank - Eastern Shore in Onley, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 18, 2004

  • Farmers & Merchants Bank - Eastern Shore in Onley, Virginia (VA)
  • Show street view No street view available for this location

Farmers & Merchants Bank - Eastern Shore - Overview

  • General
  • FDIC Certificate #: 10362
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Peninsula Bank (#11652)
    Federal Reserve ID: 632625
    Date Established: May 19, 1909
    WWW: http://www.fmbankeasternshore.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 13365
    FDIC's unique #: 6638
    Numeric code: 21
    Regulator: FDIC
    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 01, 1934
    Last Structure Change Effective Date: August 18, 2004
    Last Structure Change Process Date: September 03, 2004
    Last Data Update: September 03, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 25275 Lankford Highway, Onley, VA 23418
    County: Accomack
    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
  • Financial Summary
  • Total assets: $265.9 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, 2003)

  • Dollar figures in thousands
  • 73Total employees (full-time equivalent)
  • $252,261Total assets
  • $5,135Cash and due from depository institutions
  • $10Interest-bearing balances
  • $51,224Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $183,775Net loans & leases
  • $3,731Loan loss allowance
  • $0Trading account assets
  • $2,463Bank premises and fixed assets
  • $62Other real estate owned
  • $5,114Goodwill and other intangibles
  • $0Life insurance assets
  • $4,488All other assets
  • $252,261Total liabilities and capital
  • $225,679Total liabilities
  • $200,946Total deposits
  • $150,019Interest-bearing deposits
  • $200,946Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,505Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $17,400Subordinated debt
  • $828All other liabilities
  • $26,582Total equity capital
  • $26,582Total bank equity capital
  • $26,582Perpetual preferred stock
  • $0Common stock
  • $3,600Surplus
  • $10,000Undivided profits
  • Memoranda
  • $12,982Noncurrent loans and leases
  • $36,115Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,867Earning assets
  • $107Long-term assets (5+ years)
  • $1,209Average Assets, year-to-date
  • $235,009Average Assets, quarterly
  • $40,906Volatile liabilities
  • $250,455Insider loans
  • $252,345FHLB advances
  • $20,728Loans and leases held for sale
  • $5,247Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $36,115Total unused commitments
  • $0Restructured Loans and leases
  • $12,556Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $14,550Total interest income
  • $2,976Total interest expense
  • $11,574Net interest income
  • $90Provision for loan and lease losses
  • $1,241Total noninterest income
  • $0Fiduciary activities
  • $858Service charges on deposit accounts
  • $0Trading account gains & fees
  • $383Additional noninterest income
  • $6,435Total noninterest expense
  • $3,352Salaries and employee benefits
  • $687Premises and equipment expense
  • $2,396Additional noninterest expense
  • $6,290Pre-tax net operating income
  • $112Securities gains (losses)
  • $2,381Applicable income taxes
  • $4,021Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,021Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $357Sale, conversion, retirement of capital stock, net
  • $20,237Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.25%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 4.97%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 2.56%Pretax return on assets
  • 10.93%Return on equity (ROE)
  • -44.07%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 25.21%Credit loss provision to net charge-offs
  • 17.87%Efficiency ratio
  • 46,422Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 503.28%Loss allowance to loans
  • 1.99%Loss allowance to noncurrent loans
  • 130.14%Noncurrent assets plus other real estate owned to assets
  • 1.16%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 91.45%Net loans and leases to core deposits
  • 98.42%Equity capital to assets
  • 10.54%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 13.03%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $250,455Average earning assets
  • $36,795Average equity
  • $232,674Average loans

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