F & M Bank-Richmond

Richmond, VA · Cert 22390

FDIC

Q4 2001

$298.4MAssets

$208.5MLoans

$263.9MDeposits

$24.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.35%, down 109 bps year over year; NIM at 3.74%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 79.01% of deposits as of Q4 2001.

Return on Assets (YTD, annualized)

0.35%-109 bps YoY

Net Interest Margin (YTD, annualized)

3.74%

Efficiency Ratio (YTD, annualized)

66.89%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.34%	1.38%	1.43%	1.44%	1.32%	1.05%	0.06%	0.35%	-109 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.94%	3.89%	3.80%	3.74%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	54.83%	63.79%	69.95%	66.89%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	1.84%	2.21%	2.45%	2.27%	n/a
Growth
Asset Growth (YoY)	-1.25%	2.05%	0.23%	5.30%	-1.27%	2.57%	2.24%	0.84%	-446 bps
Loan Growth (YoY)	1.02%	4.07%	6.26%	10.56%	19.27%	20.21%	19.20%	15.43%	+488 bps
Deposit Growth (YoY)	-1.79%	1.92%	-1.06%	4.44%	-2.76%	0.53%	0.83%	0.40%	-404 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	0.00%	0.00%	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.11%	1.07%	2.38%	2.37%	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	12.54%	11.91%	11.62%	12.00%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.67%	8.35%	8.11%	8.35%	n/a
Liquidity & Funding
Loans / Deposits	61.95%	64.90%	67.59%	68.72%	75.98%	77.61%	79.91%	79.01%	+1,029 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	16.53%	6.76%	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