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F & M Bank-Northern Virginia

Fairfax, VA · Cert 25865

FDIC

Q4 2001

$979.7MAssets
$531.9MLoans
$810.6MDeposits
$70.3MEquity
Loan mix
66%RE $153.9M34%C&I $78.1M0%Consumer $1.0MQ4 2000Q4 2001
Deposit mix
79%Interest-bearing $637.2M21%Noninterest $173.4MQ4 2000Q4 2001

NIM

6.87%Q1 ’016.24%Q3 ’015.94%Q4 ’01-6%-3%

Non-interest income vs. expense

3.22%Q1 ’014.68%Q3 ’014.26%Q4 ’01+76%-15%

Executive Summary

  • Earnings: ROA of 0.45%, down 95 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 65.61% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.45%-95 bps YoY

Net Interest Margin (YTD, annualized)

3.85%

Efficiency Ratio (YTD, annualized)

81.42%

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%1.39%1.10%0.06%0.45%-95 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a4.20%4.07%3.95%3.85%n/a
Efficiency Ration/a58.47%66.16%89.03%81.42%n/a
Non-Interest Burdenn/a1.91%2.25%3.37%2.87%n/a
Growth
Asset Growth (YoY)12.32%19.46%14.52%15.20%13.73%+141 bps
Loan Growth (YoY)15.26%14.21%14.56%6.89%9.66%-560 bps
Deposit Growth (YoY)12.69%17.15%14.23%14.61%16.97%+428 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.10%0.31%0.21%0.16%n/a
Allowance / Loansn/a1.09%0.96%1.60%1.53%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/a13.16%12.78%12.36%12.76%n/a
Equity / Assetsn/a7.18%7.09%7.00%7.18%n/a
Liquidity & Funding
Loans / Deposits69.98%66.74%68.55%65.29%65.61%-437 bps
Liquid Assets / Assets0.00%17.76%10.43%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a