Farmers & Merchants Bank of Craig County in New Castle, Virginia (VA)

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Farmers & Merchants Bank of Craig County routing number info

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Farmers & Merchants Bank of Craig County
GeneralFDIC Certificate #: 9986
Status: Active
Federal Reserve ID: 804422
Date Established: May 02, 1917
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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)17
Total assets$52,395
Cash and due from depository institutions$1,939
Interest-bearing balances$908
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$35,953
Loan loss allowance $499
Trading account assets$0
Bank premises and fixed assets$442
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$773
Life insurance assets$52,395
Total liabilities and capital$43,232
Total liabilities$43,077
Total deposits$37,138
Interest-bearing deposits$43,077
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $155
All other liabilities $9,163
Total equity capital$9,163
Total bank equity capital$9,163
Perpetual preferred stock$0
Common stock$1,050
Undivided profits $7,883
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $128
Earning assets $0
Long-term assets (5+ years) $386
Average Assets, year-to-date $50,149
Average Assets, quarterly $1,425
Volatile liabilities $51,690
Insider loans $51,813
FHLB advances $27,869
Loans and leases held for sale $51,873
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,163
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,305
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,889
Total interest expense $516
Net interest income $2,373
Provision for loan and lease losses $46
Total noninterest income $84
Fiduciary activities $0
Service charges on deposit accounts $19
Trading account gains & fees $0
Additional noninterest income $65
Total noninterest expense $1,486
Salaries and employee benefits $879
Premises and equipment expense $94
Additional noninterest expense $513
Pre-tax net operating income $925
Securities gains (losses) $0
Applicable income taxes $313
Income before extraordinary items $612
Extraordinary gains - net $0
Net income attributable to bank $612
Net charge-offs $0
Cash dividends $612
Sale, conversion, retirement of capital stock, net $42
Net operating income $137
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.85%
Cost of funding earning assets 1.05%
Net interest margin 4.81%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 3.01%
Net operating income to assets 1.18%
Return on assets (ROA) 1.18%
Pretax return on assets 1.79%
Return on equity (ROE) 6.88%
Retained earnings to average equity (YTD only) 5.34%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 109.52%
Efficiency ratio23.12%
Assets per employee$60,480
Cash dividends to net income (YTD only)3.08%
Condition Ratios (%)
Loss allowance to loans 22.39%
Loss allowance to noncurrent loans 1.37%
Noncurrent assets plus other real estate owned to assets 389.84%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.35%
Net loans and leases to core deposits 83.46%
Equity capital to assets 83.46%
Core capital (leverage) ratio 17.49%
Tier 1 risk-based capital ratio 17.66%
Total risk-based capital ratio 32.88%
Average assets$34
Average earning assets$51,690
Average equity $8,894
Average loans $49,345
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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
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