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F & M Bank - Central Virginia

Charlottesville, VA · Cert 21205

FDIC

Q4 2001

$216.5MAssets
$48.6MLoans
$188.3MDeposits
$21.6MEquity
Loan mix
69%RE $14.2M27%C&I $5.6M3%Consumer $0.7MQ4 2000Q4 2001
Deposit mix
80%Interest-bearing $151.1M20%Noninterest $37.2MQ4 2000Q4 2001

NIM

6.52%Q1 ’016.00%Q3 ’015.81%Q4 ’01-5%-4%

Non-interest income vs. expense

2.86%Q1 ’013.24%Q3 ’013.35%Q4 ’01+21%-5%

Executive Summary

  • Earnings: ROA of 0.80%, down 50 bps year over year; NIM at 3.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.36%.
  • Funding: loans stand at 25.82% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.80%1-50 bps YoY

Net Interest Margin (YTD, annualized)

3.13%

Efficiency Ratio (YTD, annualized)

81.67%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.30%0.90%0.40%0.26%0.80%1-50 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.44%3.43%3.26%3.13%n/a
Efficiency Ration/a67.50%83.85%80.97%81.67%n/a
Non-Interest Burdenn/a2.06%2.76%2.50%2.38%n/a
Growth
Asset Growth (YoY)132.06%125.98%157.32%-3.40%0.70%-13,136 bps
Loan Growth (YoY)11.44%17.34%22.30%13.11%3.53%-791 bps
Deposit Growth (YoY)142.25%133.24%173.73%-6.37%-0.56%-14,280 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.37%0.72%0.40%0.36%n/a
Allowance / Loansn/a1.11%0.84%1.99%2.16%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/a13.68%12.34%14.56%16.95%n/a
Equity / Assetsn/a9.79%8.22%10.18%9.98%n/a
Liquidity & Funding
Loans / Deposits24.80%25.93%23.54%28.80%25.82%+102 bps
Liquid Assets / Assets0.00%15.15%11.17%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a