Farmers & Merchants Bank of Craig County in New Castle, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Farmers & Merchants Bank of Craig County in New Castle, Virginia (VA)
  • Show street view No street view available for this location

Farmers & Merchants Bank of Craig County - Overview

  • General
  • FDIC Certificate #: 9986
    Status: Active
    Federal Reserve ID: 804422
    Date Established: May 02, 1917
    WWW: http://www.fmbankcraig.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 6381
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 26, 2008
    Last Structure Change Process Date: July 08, 2008
    Last Data Update: July 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 306 Main Street, New Castle, VA 24127
    County: Craig
    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): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • Financial Summary
  • Total assets: $52.4 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $43.1 mil
    Return on assets (ROA): 1.18% ($0.6 mil)
    Quarterly return on assets: 0.95% ($0.5 mil)
    Return on Equity (ROE): 6.88% ($0.6 mil)
    Quarterly return on equity: 5.41% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.79% ($937.9 mil)
    Quarterly Pretax return on assets: 1.42% ($744.0 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
  • 17Total employees (full-time equivalent)
  • $52,395Total assets
  • $1,939Cash and due from depository institutions
  • $908Interest-bearing balances
  • $13,288Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $35,953Net loans & leases
  • $499Loan loss allowance
  • $0Trading account assets
  • $442Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $52,395Life insurance assets
  • $773All other assets
  • $43,232Total liabilities and capital
  • $43,077Total liabilities
  • $37,138Total deposits
  • $43,077Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $155Subordinated debt
  • $9,163All other liabilities
  • $9,163Total equity capital
  • $9,163Total bank equity capital
  • $0Perpetual preferred stock
  • $1,050Common stock
  • $230Surplus
  • $7,883Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $128Income earned, not collected on loans
  • $0Earning assets
  • $386Long-term assets (5+ years)
  • $50,149Average Assets, year-to-date
  • $1,425Average Assets, quarterly
  • $51,690Volatile liabilities
  • $51,813Insider loans
  • $27,869FHLB advances
  • $51,873Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,163Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,305Restructured Loans and leases
  • $1,725Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,889Total interest income
  • $516Total interest expense
  • $2,373Net interest income
  • $46Provision for loan and lease losses
  • $84Total noninterest income
  • $0Fiduciary activities
  • $19Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $1,486Total noninterest expense
  • $879Salaries and employee benefits
  • $94Premises and equipment expense
  • $513Additional noninterest expense
  • $925Pre-tax net operating income
  • $0Securities gains (losses)
  • $313Applicable income taxes
  • $612Income before extraordinary items
  • $0Extraordinary gains - net
  • $612Net income attributable to bank
  • $0Net charge-offs
  • $612Cash dividends
  • $42Sale, conversion, retirement of capital stock, net
  • $137Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.85%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.81%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.01%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 6.88%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 109.52%Credit loss provision to net charge-offs
  • 23.12%Efficiency ratio
  • 60,480Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.39%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 389.84%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 83.46%Net loans and leases to core deposits
  • 83.46%Equity capital to assets
  • 17.49%Core capital (leverage) ratio
  • 17.66%Tier 1 risk-based capital ratio
  • 32.88%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $51,690Average earning assets
  • $8,894Average equity
  • $49,345Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06381Farmers & Merchants Bank Of Craig Co306 Main Street, New Castle, VA 24127May 02, 1917Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

Could not connect to database: Access denied for user 'buser'@'10.36.238.66' (using password: YES)
CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Farmers & Merchants Bank of Craig County.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents