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F & M Bank-Peoples

Warrenton, VA · Cert 6924

FDIC

Q4 2001

$157.1MAssets
$90.0MLoans
$139.0MDeposits
$13.2MEquity
Loan mix
81%RE $42.0M18%C&I $9.5M0%Consumer $0.2MQ4 2000Q4 2001
Deposit mix
79%Interest-bearing $110.0M21%Noninterest $29.0MQ4 2000Q4 2001

NIM

7.15%Q1 ’016.68%Q3 ’016.33%Q4 ’01-2%-4%

Non-interest income vs. expense

2.97%Q1 ’013.35%Q3 ’013.10%Q4 ’01+18%-11%

Executive Summary

  • Earnings: ROA of 0.92%, down 55 bps year over year; NIM at 3.88%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.58%.
  • Funding: loans stand at 64.75% of deposits as of Q4 2001.

Financial Results

Return on Assets (YTD, annualized)

0.92%-55 bps YoY

Net Interest Margin (YTD, annualized)

3.88%

Efficiency Ratio (YTD, annualized)

65.51%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.47%1.30%0.97%0.74%0.92%-55 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/a4.12%4.09%4.05%3.88%n/a
Efficiency Ration/a59.86%64.88%68.53%65.51%n/a
Non-Interest Burdenn/a2.13%2.32%2.51%2.24%n/a
Growth
Asset Growth (YoY)10.25%12.43%11.70%8.43%11.19%+94 bps
Loan Growth (YoY)10.09%7.99%4.78%-2.01%-13.04%-2,314 bps
Deposit Growth (YoY)8.26%12.09%11.27%8.52%12.24%+398 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.17%1.23%0.61%0.58%n/a
Allowance / Loansn/a1.06%0.72%1.23%1.33%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/a13.77%13.01%13.90%15.80%n/a
Equity / Assetsn/a8.43%8.20%8.22%8.39%n/a
Liquidity & Funding
Loans / Deposits83.57%80.66%80.05%74.14%64.75%-1,883 bps
Liquid Assets / Assets0.00%7.20%3.07%0.00%0.04%+4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a