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F&M Bank - Atlantic

Gloucester, VA · Cert 27554

FDIC

Q4 2001

$423.4MAssets
$213.8MLoans
$380.2MDeposits
$39.9MEquity
Loan mix
69%RE $75.2M29%C&I $31.4M3%Consumer $3.1MQ4 2000Q4 2001
Deposit mix
85%Interest-bearing $322.6M15%Noninterest $57.6MQ4 2000Q4 2001

NIM

7.65%Q1 ’017.19%Q3 ’016.38%Q4 ’01-8%-15%

Non-interest income vs. expense

2.87%Q1 ’013.91%Q3 ’012.06%Q4 ’01+47%-55%

Executive Summary

  • Earnings: ROA of 1.87%, up 58 bps year over year; NIM at 2.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 56.24% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.87%1+58 bps YoY

Net Interest Margin (quarter, annualized)

2.93%

Efficiency Ratio (quarter, annualized)

59.70%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.28%0.99%-0.01%-2.99%1.87%1+58 bps
Return on Equityn/an/a-0.11%-30.19%19.52%n/a
Net Interest Marginn/a3.75%3.53%3.45%2.93%n/a
Efficiency Ration/a66.54%105.95%98.34%59.70%n/a
Non-Interest Burdenn/a2.31%3.76%3.39%1.54%n/a
Growth
Asset Growth (YoY)87.46%88.24%83.59%75.87%4.49%-8,297 bps
Loan Growth (YoY)64.70%60.15%56.11%52.27%-4.94%-6,964 bps
Deposit Growth (YoY)81.02%83.33%79.00%71.66%6.40%-7,461 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.28%2.84%0.36%0.24%n/a
Allowance / Loansn/a1.32%0.79%2.87%2.87%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/a16.47%15.71%15.24%16.72%n/a
Equity / Assetsn/a10.34%10.07%9.71%9.42%n/a
Liquidity & Funding
Loans / Deposits62.95%60.30%59.92%60.88%56.24%-671 bps
Liquid Assets / Assets0.00%2.77%2.83%0.64%0.62%+62 bps
CRE / Total Capitaln/an/an/an/an/an/an/a