F & M Bank - Central Virginia

Charlottesville, VA · Cert 21205

FDIC

Q4 2001

$216.5MAssets

$48.6MLoans

$188.3MDeposits

$21.6MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 2.50%, up 120 bps year over year; NIM at 2.46%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.15%.
Funding: loans stand at 25.82% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

2.50%¹+120 bps YoY

Net Interest Margin (quarter, annualized)

2.46%

Efficiency Ratio (quarter, annualized)

83.80%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.49%	1.52%	1.33%	1.30%	0.90%	-0.06%	-0.01%	2.50%¹	+120 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	-0.67%	-0.13%	24.79%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.44%	3.45%	3.22%	2.46%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	67.50%	100.49%	75.29%	83.80%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.06%	3.47%	2.23%	1.81%	n/a
Growth
Asset Growth (YoY)	8.85%	14.56%	161.15%	132.06%	125.98%	157.32%	-3.40%	0.70%	-13,136 bps
Loan Growth (YoY)	5.18%	10.16%	22.04%	11.44%	17.34%	22.30%	13.11%	3.53%	-791 bps
Deposit Growth (YoY)	12.91%	14.69%	183.22%	142.25%	133.24%	173.73%	-6.37%	-0.56%	-14,280 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.37%	1.10%	-0.22%	0.15%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.11%	0.84%	1.99%	2.16%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	13.68%	12.34%	14.56%	16.95%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	9.79%	8.22%	10.18%	9.98%	n/a
Liquidity & Funding
Loans / Deposits	51.54%	52.69%	23.84%	24.80%	25.93%	23.54%	28.80%	25.82%	+102 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	15.15%	11.17%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a