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F & M Bank - Massanutten

Harrisonburg, VA · Cert 22035

FDIC

Q4 2001

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2001, the quarter ended December 31, 2001, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

F & M Bank - Massanutten

Harrisonburg, VA · Cert 22035

FDIC

Q4 2001

$277.8MAssets
$212.2MLoans
$234.3MDeposits
$23.2MEquity
Loan mix
81%RE $89.9M19%C&I $20.5M0%Consumer $0.2MQ4 2000Q4 2001
Deposit mix
91%Interest-bearing $213.2M9%Noninterest $21.1MQ4 2000Q4 2001

NIM

7.76%Q1 ’017.58%Q3 ’017.37%Q4 ’01-3%-1%

Non-interest income vs. expense

2.17%Q1 ’012.73%Q3 ’012.53%Q4 ’01+34%-8%

Executive Summary

  • Earnings: ROA of 0.41%, down 98 bps year over year; NIM at 3.53%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.21%.
  • Funding: loans stand at 90.56% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.41%-98 bps YoY

Net Interest Margin (YTD, annualized)

3.53%

Efficiency Ratio (YTD, annualized)

61.79%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.40%1.15%0.20%0.12%0.41%-98 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a3.67%3.68%3.56%3.53%n/a
Efficiency Ration/a51.20%61.77%65.79%61.79%n/a
Non-Interest Burdenn/a1.60%2.04%2.14%1.96%n/a
Growth
Asset Growth (YoY)8.77%4.03%-0.64%-5.06%-3.49%-1,226 bps
Loan Growth (YoY)3.96%1.11%-6.39%-9.70%-5.20%-916 bps
Deposit Growth (YoY)15.26%6.73%1.33%-5.45%-2.49%-1,775 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.54%3.23%2.41%2.21%n/a
Allowance / Loansn/a1.26%0.61%0.84%0.47%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/a11.57%10.96%11.47%11.49%n/a
Equity / Assetsn/a8.33%8.15%8.25%8.35%n/a
Liquidity & Funding
Loans / Deposits93.16%94.26%93.14%89.79%90.56%-259 bps
Liquid Assets / Assets0.00%2.90%2.76%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a