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)
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Farmers & Merchants Bank of Craig County - Overview

  • General
  • FDIC 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
  • 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

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