The Farmers and Merchants National Bank of Hamilton in Hamilton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 18, 1993

  • The Farmers and Merchants National Bank of Hamilton in Hamilton, Virginia (VA)
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The Farmers and Merchants National Bank of Hamilton - Overview

  • General
  • FDIC Certificate #: 6853
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F&M Bank-Winchester (#6927)
    Federal Reserve ID: 792127
    Date Established: October 02, 1910
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 4606
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 18, 1993
    Last Structure Change Process Date: October 04, 1993
    Last Data Update: October 04, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 7 East End Of Hamilton, Hamilton, VA 22068
    County: Loudoun
    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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $184.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $116Total assets
  • $219,184Cash and due from depository institutions
  • $8,400Interest-bearing balances
  • $505Securities
  • $43,520Federal funds sold & reverse repurchase agreements
  • $3,150Net loans & leases
  • $146,522Loan loss allowance
  • $8,422Trading account assets
  • $0Bank premises and fixed assets
  • $7,007Other real estate owned
  • $6,675Goodwill and other intangibles
  • $3,910Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $219,184Total liabilities
  • $212,588Total deposits
  • $211,137Interest-bearing deposits
  • $181,977Deposits held in domestic offices
  • 211137.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $243Subordinated debt
  • $0All other liabilities
  • $1,208Total equity capital
  • $1,208Total bank equity capital
  • $6,596Perpetual preferred stock
  • $0Common stock
  • $409Surplus
  • $9,770Undivided profits
  • Memoranda
  • $-3,583Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,004Income earned, not collected on loans
  • $1,077Earning assets
  • $193,697Long-term assets (5+ years)
  • $26,934Average Assets, year-to-date
  • $225,583Average Assets, quarterly
  • $227,423Volatile liabilities
  • $17,988Insider loans
  • $698FHLB advances
  • $0Loans and leases held for sale
  • $1,036Unused loan commitments
  • $11,265Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,596Total risk weighted assets
  • $168,667Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $18,210Total interest expense
  • $9,060Net interest income
  • $9,150Provision for loan and lease losses
  • $11,371Total noninterest income
  • $1,226Fiduciary activities
  • $0Service charges on deposit accounts
  • $991Trading account gains & fees
  • $18Additional noninterest income
  • $217Total noninterest expense
  • $10,072Salaries and employee benefits
  • $3,949Premises and equipment expense
  • $1,422Additional noninterest expense
  • $4,701Pre-tax net operating income
  • -$11,067Securities gains (losses)
  • $162Applicable income taxes
  • -$951Income before extraordinary items
  • -$9,954Extraordinary gains - net
  • $0Net income attributable to bank
  • -$9,954Net charge-offs
  • $4,617Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.09%Cost of funding earning assets
  • 4.52%Net interest margin
  • 4.57%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 5.03%Net operating income to assets
  • -4.48%Return on assets (ROA)
  • -4.41%Pretax return on assets
  • -4.83%Return on equity (ROE)
  • -84.06%Retained earnings to average equity (YTD only)
  • -84.06%Net charge-offs to loans
  • 2.94%Credit loss provision to net charge-offs
  • 246.29%Efficiency ratio
  • 97,070Assets per employee
  • 1.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.44%Loss allowance to noncurrent loans
  • 30.07%Noncurrent assets plus other real estate owned to assets
  • 15.82%Noncurrent loans to loans
  • 18.07%Net loans and leases to deposits
  • 69.40%Net loans and leases to core deposits
  • 75.86%Equity capital to assets
  • 3.01%Core capital (leverage) ratio
  • 2.92%Tier 1 risk-based capital ratio
  • 3.91%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $225,583Average earning assets
  • $11,841Average equity
  • $200,295Average loans
1
Karen Walker
⚠
Feb 24, 2022 @ 8:08 am
Need financial information about stock owned at your bank approximate year 1986 seven need to establish a cost per share and how many shares of stock we had before the bank defaulted and then BB&T took it over giving his pennies on our dollars for the shares. My landline is 540-882-3498. The stock will also be named under Donald E Walker as well.
2
DMH
⚠
Oct 11, 2023 @ 3:15 pm
The people who operated this bank and put it into default, robbing the share holders got away with it. Why no one was held accountable and things made right, bother me, even today 2023.

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