Call reports 2023
F&M BANK — 2023
What F&M BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 674,410,000 | 685,073,000 | 670,123,000 | 737,969,000 |
| Total loans | 441,927,000 | 453,669,000 | 442,838,000 | 504,329,000 |
| Allowance for loan losses | 5,921,000 | 6,028,000 | 6,204,000 | 6,302,000 |
| Securities available for sale | 169,283,000 | 163,907,000 | 159,363,000 | 151,651,000 |
| Securities held to maturity | 28,140,000 | 27,126,000 | 24,580,000 | 24,551,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 576,436,000 | 591,791,000 | 581,569,000 | 638,974,000 |
| Interest-bearing deposits | 412,115,000 | 421,514,000 | 423,404,000 | 479,638,000 |
| Noninterest-bearing deposits | 164,321,000 | 170,277,000 | 158,165,000 | 159,336,000 |
| Equity capital | 64,988,000 | 65,834,000 | 68,046,000 | 72,797,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 7,344,000 | 15,485,000 | 24,041,000 | 32,705,000 |
| Interest expense | 1,030,000 | 2,763,000 | 4,816,000 | 7,189,000 |
| Net interest income | 6,314,000 | 12,722,000 | 19,225,000 | 25,516,000 |
| Noninterest income | 1,220,000 | 2,388,000 | 3,463,000 | 4,512,000 |
| Noninterest expense | 4,215,000 | 8,573,000 | 12,935,000 | 17,469,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 3,169,000 | 6,232,000 | 9,213,000 | 11,709,000 |
| Income tax | 114,000 | 268,000 | 345,000 | 430,000 |
| Net income | 3,055,000 | 5,964,000 | 8,868,000 | 11,279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,328,000 | 76,118,000 | 78,265,000 | 79,691,000 |