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Overview 2022
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 9986
Date Established
1917
Assets
$ 77.01 million
Loans
$ 35.00 million
Deposits
$ 63.47 million
Capital
$ 13.29 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 12.74 million
Interest-bearing balances
$ 10.88 million
Total securities
$ 26.83 million
Federal funds sold and reverse repurchase
$ 0.11 million
Net loans and leases
$ 35.00 million
Loan loss allowance
$ 0.42 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
N.A.
All other assets
$ 0.49 million
Total Assets
$ 63.73 million
LIABILITIES
Total deposits
$ 63.47 million
Interest-bearing deposits
$ 48.11 million
Deposits held in domestic offices
$ 63.47 million
% insured (estimated)
87.54%
Federal funds purchased and repurchase agreements
N.A.
Trading liabilities
N.A.
Other borrowed funds
N.A.
Subordinated debt
N.A.
All other liabilities
$ 0.26 millionn
Total Liabilities
$ 63.73 million
Shareholders’ Equity
$ 13.29 million
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 2.39 million
Total Interest Expense
$ 0.13 million
Net interest income
$ 2.25 million
Provision for loan and lease losses
N.A.
Total non interest income
$ 0.17 million
Total non interest expense
$ 1.60 million
Pre-tax Net Operating Income
$ 0.83 million
Farmers & Merchants Bank of Craig County is an FDIC insured institution headquartered at
189 Main Street, New Castle, VA 24127.
It was founded in
1917 and has approximately $0 billion in
assets. Customers can open an account at one of its 1 branches.
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